Romney: 18.9 percent moocher?

The average federal tax rate fell under President Obama to 17.4 percent in 2009, its lowest level in three decades, according to a recent report in the FT.

But Mitt Romney exploited tax shelters in the Cayman Islands and lord knows where else — only the lord, and the IRS, know for sure because Romney is keeping most of his tax returns secret — to pay just 14.1 percent in taxes in 2011: 3.3 percent in an absolute sense and 18.9 percent in a relative sense less than this historic low number.

Does that make him 18.9 percent moocher? One-fifth irresponsible, entitled victim, like 47 percent of America, according to his latest campaign slogan? After all, he’s not paying one-fifth of the taxes that most Americans pay, on a relative basis. A philosophical and interpretive question for the hive mind.



Discuss

7 Comments . Leave a comment below.
  1. When does Harry Reid issue the apology?

    Saying he had “no problem with somebody being really, really wealthy,” Reid sat up in his chair a bit before stirring the pot further. A month or so ago, he said, a person who had invested with Bain Capital called his office.

    “Harry, he didn’t pay any taxes for 10 years,” Reid recounted the person as saying.

    “He didn’t pay taxes for 10 years! Now, do I know that that’s true? Well, I’m not certain,” said Reid. “But obviously he can’t release those tax returns. How would it look?

    Remember how we all were discussing Harry Reid’s outrageous charge about Romney not paying any taxes for 10 years? Turns out, Romney’s tax returns shows he not only paid taxes, but paid more than he had to. Plus he donated $4M to charity, very nice.

    • Reid is doubling down

      Reid’s Statement:

      “The information released today reveals that Mitt Romney manipulated one of the only two years of tax returns he’s seen fit to show the American people – and then only to ‘conform’ with his public statements. That raises the question: what else in those returns has Romney manipulated? We already know Romney has money in tax havens in Switzerland, Bermuda and the Cayman Islands. What we don’t know is why he refuses to be straight with the American people about the choices he’s made in his financial life. When will the American people see the returns he filed before he was running for president? Governor Romney is showing us what he does when the public is looking. The true test of his character would be to show what he did when everyone was not looking at his taxes.

      “It’s also galling to see the creative accounting Mitt Romney applied to his own tax returns only days after learning of his insulting comments that seniors, soldiers and hard-working parents don’t pay enough taxes. Once again, we see Mitt Romney is out of touch with middle class families, who don’t have the luxury of accounting wizards and foreign tax shelters. It’s obvious he believes in two sets of rules: one for him, and one for the middle class. He says he wants to be president for only half the people but he acts like he only cares for the top two percent. Despite the fiscal cliff looming in just over three months, Mitt Romney refuses to explain the details of his tax policy. Will the policies he proposes benefit all Americans, or only multi-millionaires like him?”

      • Let me get this straight Mr Reid...

        You make a statement they I never worked a day in my life. I reply that I worked 40 years straight. I record comes out and shows I worked 40 years but took a 6 month sabbatical during the 40 years and you double down on your claim that I never worked a day in my life and the 6 month sabbatical is “proof”? Talk about la-la-land!

  2. John McCain saw 15 years of Bishop Romney's tax returns and...

    …picked Sarah Palin as his running mate.

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Thu 18 Dec 2:13 AM