Romney released some of his 2011 Tax returns, along with more to come in the next couple of weeks. He was taxed at around 14%, due to his tax sheltering from investments. How does this sound to you? Do his 'tax deductible' instruments from charitable donations and investments--make this low rate more equitable?
(link)
It would be hard to make the argument that this rate is equitable, and it is curious why Romney would even release more tax information at this point. Unless his numbers jumped to around 30% or something like that, why would he think people would be satisfied with 14% at this point in his campaign I think he should move on from all mention of his taxes because to me it seems like a clear losing battle.
ReplyDeleteI agree with Travis, there is no point in releasing the subtle changes made in his taxation. Previously he told that a person who is going to run for presidential election should never pay more than he is legally required to and then he comes up this. It looks like he is panicking and the pressure is getting him to release such tax statements.
ReplyDeleteI agree, I really think the constituency he's going after--the moderate conservatives don't want to hear about how capital gains are already taxed, and how his income tax is fair. He should really just stick with the problems in the tax code, and how government revenue and the middle-class won't be adversely affected, just that the loopholes will be closed off.
ReplyDelete