Tuesday, September 18, 2012

Romney doesn't know taxation

Mitt Romney may know how to advise the Marriott Hotel Chain how to avoid taxes, and he certainly knows how to avoid them himself.

But he doesn't know much about the tax code faced by most Americans.

In saying that 47% of us don't pay income taxes and that we expect a handout and won't support him, Romney mischaracterizes statistics. Of that 47% a majority of 28% pay a payroll tax. Much of the remainder is made up of retired people.

Actually, Romney has far more support than he should have among those who don't pay income tax. Those who pay payroll tax should realize that a portion of what they pay has gone into the general fund to reduce the taxes for the rich. Retirees should know that Romney wants to cut the very social services they need most.

Mitt Romney may not be as smart as his Stanford/Harvard education led us to believe. Or he has been so insulated by his Mormon religion and inherited wealth that he has not had to learn much about the world of working men and women.

Actually, given the man's disastrous foreign tour, his misperceptions about workers, hiding his tax returns (what IS he hiding in those tax returns?), and his lack of specifics about how he would govern, may he just doesn't know how the world works. 

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