Sunday, September 23, 2012

mitt romney will raise taxes on the middle class. president obama lowered them.

let's break this down-

romney, who who made 13 million dollars last year but pays the same tax rate as a middle class income tax payer...

is vilifying poor americans because they have an even lower tax rate than his.

it's just so unseemly.

the people he disparages include the elderly, military families, college students.

and they actually pay lots of taxes. they pay payroll, consumption, local and sales taxes that fund america's schools, roads and bridges, defense, social security and medicare. from the center on budget and policy priorities:

"Congressional Budget Office data show that the poorest fifth of households paid an average of 4.0 percent of their incomes in federal taxes in 2007, the latest year for which these data are available- ...the poorest fifth of households had average income of $18,400 in 2007."

so- american families living on less than $400.00 a week paid 2 weeks salary in federal taxes, not so much, but not exactly moochers, right?   

"The next-to-the bottom fifth — those with incomes between $20,500 and $34,300 in 2007 — paid an average of 10.6 percent of their incomes in federal taxes." 

mostly, these are not people on public assistance. they are americans who are working hard for very little pay.

they are the peeps mitt romney would see if he ever shopped at walmart or bought a burger at mcdonald's.

americans are among the hardest working people on earth. and frankly, it's almost impossible to be an american and not pay taxes-

when we buy gas, pay our phone bill, get a coffee at dunkin' donuts or receive our paychecks- we're contributing to the public welfare that benefits the romneys and all the rest of us.

as i said romney's tax rate is only 14%. 

about the same as a middle class taxpayer.

but, apparently, romney's budget would raise taxes on us (the president lowered them, don't forget) while further reducing his own-

according to analysis from the tax policy center:

"... the features Governor Romney has proposed would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower- income taxpayers."

this type of tax inequity is always speciously justified with the argument that lower taxes for the rich lead to job creation- 

but- the rich have paid lower taxes for over a decade-

does anyone see any job creation?  maybe in india and china!

maybe a few new hires at swiss and cayman island banks.

many very clear charts and graphs that show government income, expenditures and taxation are here.

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