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Saturday, March 03, 2012

Mitt admits paying only 15% in taxes

USAToday has revealed that multi-millionaire plutocrat Mitt Romney confirmed on January 17, 2012, that "most of his income comes from investments and is taxed at 'closer to the 15% rate' far below the 35% rate on wages for taxpayers in the top tax bracket."
"Tax law experts who examined Romney's most recent federal financial disclosure report for USA TODAY estimated he earned between $9.8 million and $38.8 million in 2010, with roughly half of the money taxed at a rate lower than that paid by many Americans."
USAToday quotes tax expert Martin Press, "Average taxpayers, and even high-income earners such as doctors and lawyers, don't qualify for such money-saving breaks on their wages and other non-investment income...This is the way our tax system is set up." Source: http://usat.ly/xelIlg

It seems to me that, in light of such flagrant abuses based on tax laws that favor the multi-millionaire plutocrats and punish hard-working, middle-class American citizens, it's high time to change those tax laws and require multi-millionaires like Mitt Romney to pay their fair share of taxes--just like the rest of us!
But--and don't forget this when you go to vote on November 6--Mitt's Republican cronies in the House of Representatives, led by the venal John Boehner, will hear none of it!  The Republicans want their plutocrat paymasters to continue getting a free ride off the backs of poor and middle class Americans and not raise the millionaires' taxes by a single penny.
Jagor

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