Who’s Better Off? Mitt Romney, For One

Romney’s Final 2011 return:

Adjusted gross income: $13,696,961

Total federal tax paid: $1,935,708

Effective federal tax rate: 14.1 percent

Romney’s Final 2010 return:

Adjusted gross income: $21,646,507

Total tax paid: $3,009,766

Effective rate: 13.9 percent

So Romney has made $34 million in just two years of the so-called “first socialist” (or redistributionist) President. While he won’t reveal any other taxes from previous years, let’s conservatively assume that he’s made at least a cool $60 million under Obama. So why does he want to change anything? Could he really be that avaricious?

Greed indeed seems to be the animating emotion of the Romney-Ryan-Rand ticket. Don’t forget that virtually all of Mitt’s income is from capital gains, interest and dividends. Is it any accident that the Ryan Plan would more or less eliminate these income streams from federal tax? Won’t Mitt become one of the 47% if Ryan has his way with the tax code? A recent Atlantic Magazine article estimates Romney’s post Romney-Ryan tax rate at .82 percent Let the Plutocrats’ Ball begin!

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