Romney Sharpens Criticism Of Obama Foreign Policy

Flip flopper? Absolutely. Let’s start with how proud he was of not paying any more tax than was legally required in 2010. :
“I pay all the taxes that are legally required and not a dollar more. I
don’t think you want someone as the candidate for president who pays
more taxes than he owes.”

“than are legally due. And, frankly, if I had paid more than are legally
due I don’t think I’d be qualified to become president. I’d think
people would want me to follow the law and pay only what the tax code
requires.”

His “13.6 [percent] or something like that” rate is lower than most middle income people, people who actually WORK for their income, pay. Yet for 2011, he didn’t claim all the allowable deductions because it would have put his tax rate at 10.4%, substantially less than the 13% rate he says he has not paid less than for the last 10 years. 

So which is more important? Not paying more than legally required or being able to say he hasn’t paid less than 13%? Apparently the second. Thanks for your generosity and the half million dollars Mr. Romney. We’ll make sure none of it is used by the entitled victims in the 99%. However, he should drop out right now since he just admitted that he isn’t qualified to become president based on his 2011 tax return.

And tax cuts? He has been claiming he would cut rates and taxes for months. Now he says he will also remove deductions and loopholes so the effect would not increase the deficit/debt.  So, there are no tax cuts are there Mr. Romney?  The government gets as much money as with the current system. It is just another way to shuffle money around to benefit the 1% rather than the 99%.
- NO estate tax? At the moment, the tax starts with estates worth more than $1M. That benefits only the wealthy.
- NO Alternative Minimum Tax?  Right, it should be possible to leverage your accountant and pay zero tax on a whole lot of money.
- NO tax on long-term capital gains, dividends, and interest income for married couples filing jointly with income under $200,000. (And what would be the rate for the rich? It is 15% now.)
- Broadening the tax base – that can ONLY mean making more poor and lower middle class people pay taxes.

 I advocate a ZERO deduction/loophole tax system with tiered rates based on income. Remove the ability for wealthy people to hide their income. Make the tax code easy enough to understand that even the IRS can understand it.

“Job creators?” Mr. Romney says if you cut taxes people will create jobs. He was presumably a businessman and people think he can fix the economy because of that history. He must know that ZERO jobs will be created by any intelligent person who has a company delivering goods or services if there are no buyers for the product no matter what tax rate they pay. Mr. Romney ignores that reality. He made $20M in 201o mostly from his blind trust, i.e. ZERO work. He paid a less than 15% tax rate. How many jobs did he create with the remaining money?  Right the same as the amount he worked to get the money. Give him the tax break he thinks will create more jobs and he will create just as many as he did in 2010 – ZERO.