Oct 1, 2012
Mitt Romney got in a lot of hot water recently for his comment about 47% of the population who pay no federal income tax, as if retirees and low-income workers are moochers living off the government teat.
Romney ought to be able to recognize moochers – he was talking to a room full of them when he made those remarks at his $50,000-a-plate fundraiser!
The wealthy pay a MUCH lowerpercentage of their income in taxes than do the rest of us – when they pay any taxes at all. They pay no FICA taxes on all income over $106,000. They open company offices offshore, where they need pay NO taxes – among lots of other ways they make sure to keep their taxes as low as possible. And they pay taxes on their investments at a much lower rate than the rest of us do on our wages.
And on top of that, many of them get lots of money from government grants and contracts.
These are the real moochers living off the government teat.
Barack Obama has been willing to point out how the tax system unfairly benefits the wealthy. But he certainly hasn’t done anything to change it. On the contrary, he pushed through again extending the Bush tax cuts.
After all, he’s got his own high-priced fundraisers to attend!