Sunday, September 23, 2012

Romney's Real Taxes

The reported percentage of Mitt Romney's income that he paid in taxes was 14.1%.

This leaves out corporate taxes he pays. The CBO imputes some of the taxes paid by corporations to the stockholders of those corporations because it comes out of their dividends.  This figure does not include that.

Also, about his charitable deductions. He paid about $4 million of $14 to charities.  I don't know which charities.  But it seems to me, that Liberals should count that money as taxes. Actually, from their point of view, it's probably better. I suspect that Liberals' main priority is helping the poor, or those momentarily down on their luck. Isn't that what charities do? In a sense, Romney is bypassing defense, infrastructure, parts of Medicare, public research, and sending it directly to those who need it most.  If Liberals were consistent, they would focus on how much better it is that he donates it to charity than to government.

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