General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe M. F. paid only 14% in taxes yet he is storing millions offshore!
This makes me mad. We had to pay more than 20% and we earn very little.
This isn't fair.
Rosa Luxemburg
(28,627 posts)dkf
(37,305 posts)So you wouldn't expect someone of his age to pay social security taxes or Medicare taxes.
I'm guessing that is the reason you paid near 20%. Otherwise you are making over $70,000 a year and I wouldn't consider that all that bad.
ProSense
(116,464 posts)Mitt is a despicable liar and a tax cheat (until proven otherwise).
Harry Reid Condemns Mitt Romneys Creative Accounting
http://www.democraticunderground.com/10021392742
BlueStreak
(8,377 posts)14% is just on the income he reported. The whole point of the offshore accounts is to shelter money from taxation. That's the only reason to do that. So there's a lot more money on which he paid 0%
Rosa Luxemburg
(28,627 posts)BlueStreak
(8,377 posts)This is the first time in my life (over 5 decades) that I can remember the shroud being lifted up exposing how the 1% operates. They truly have a whole different set of rules for themselves versus what they hold the 99% to. I don't expect everybody to become a tax expert. But we need to be able to make these simple points to our friends and neighbors.
We didn't accomplish everything last year with OWS.
We won't accomplish everything this year with the Obama reelection.
But we cannot turn back. We must educate America. We must stop these plutocrats before they put us all permanently into poverty.
Stinky The Clown
(67,676 posts)neverforget
(9,433 posts)But it's not to avoid taxes though! It's so his money can be on vacation and enjoy the sun and sand in the Bahamas and the Cayman Islands.