MAD asks…Who said it? Mitt Romney or Montgomery Burns (Simpsons)?
6 Facts About Mitt Romney's Taxes/ Lack Thereof
1. Romney paid a lower tax rate than many middle-class Americans, at 13.9 percent. 2. Romney makes more in a day than the average American makes in a year, and becomes a 1 percenter every week. 3. Romney likely paid $0 in payroll taxes. 4. Romney has accounts in countries notorious for tax dodging, like Switzerland, Luxembourg, and the Cayman Islands. 5. Romney and Gingrich’s tax plans would slash Romney’s taxes in half. 6. Romney needs four lawyers, including the former IRS commissioner to defend his tax plan.
Source: thinkprogress.org
Obama vs. Romney on tax rates: As you can see, rates are largely the same—except for the nation’s richest and poorest. The poor would pay almost twice as much in taxes under Romney’s plan; meanwhile, the very richest in the country would be forced to cough up about 10% more of their income under Obama. The net effect? In short, Romney’s plan would reduce federal revenues to about 17% of GDP—down .9% from where they are now. Obama’s budget would raise revenues 19.2%, with most of that money coming from those making over $250,000 a year (Graphic and data courtesy of The Washington Post / Tax Policy Center).
(via shortformblog)
Pimpin’ ain’t easy.
Ladies and gentleman: The 1%.
Source: philistine
