Tuesday, January 17, 2012

Romney’s Tax Rate Is About the Same As Congress’s Approval Rating

During a campaign stop in Florence, SC Tuesday, fresh off yet another night of news articles called “Focus Is On Romney at ______ Debate,” Mitt Romney told reporters that he believes his current tax rate is 15 percent. Yeah, that’s right, lower than what most middle class Americans pay annually and two percent higher than the current record-low approval rating of Congress.

The reason? Why, vulture capitalism, of course: most of Romney’s income is from his investments in the smelly carcasses of former companies. As he’s proudly told reporters, he’s been “unemployed” since he left the Massachusetts governor’s office in 2007, meaning all of his income is coming from ancient investments, which is typically part of the deal when you are paid to “turn around” a company. READ MORE »

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