POSTED: Friday, January 20, 2012 - 7:47pm
UPDATED: Monday, January 23, 2012 - 2:41pm
tyler — Did you get a chance to see the the raucous GOP debate last night?
When the subject wasn't about new Gingrich's extra-marital affairs, it was about Mitt Romney's taxes and how come he hasn't made them public.
He will, and when that happens, all the long knives will come out.
Here's the latest talking point of your against Mitt Romney.
They'll chirp about his tax rate being 15%.
Ill-informed media folks love this because they may have a clue that most Americans are taxed in the 20% and 30% bracket.
When they say Mitt's tax bracket is lower than the man who cuts meat at the grocery store than gives them the philosophical and sympathetic high ground.
It really just shows they don't know what in the heck they are talking about.
Let's go over this because you'll hear this a lot if Romney is the Republican nominee.
When he was younger and making his money, he was in the 30-something tax bracket.
He was a lot like you and me.
Folks getting paid by someone else in a typical tax bracket.
But, when he went out on his own as a capitalist, he is getting taxed on his return on his investments which is 15%.
That sounds ridiculously low until you understand how the tax code is set up.
I can already tell you I've seen Facebook cries and howls that their tax bracket is higher than Romney's when they don't know what in the heck they are talking about.
I can still assure you at 15%, Mitt is paying way more than you and me.
Here is another example.
When John Kerry ran for the presidency, his tax bracket was 12%.
Funny, I didn't hear any problem about that?
I wonder why that is?
Do you know?
That's my point of view, what's yours?
You can email me at firstname.lastname@example.org .