Mitt Romney’s Taxes

No surprises, just confirmation that Romney is a multimillionaire with not one penny of his millions coming from his own labor:

Mitt Romney offered a partial snapshot of his vast personal fortune late Monday, disclosing income of $21.7 million in 2010 and $20.9 million last year — virtually all of it profits, dividends or interest from investments.

None came from wages, the primary source of income for most Americans. Instead, Romneyand his wife, Ann, collected millions in capital gains from a profusion of investments, as well as stock dividends and interest payments.

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1 Comment

Filed under Breaking News, Economy, Politics, Society

One response to “Mitt Romney’s Taxes

  1. I do not mind his $20 plus mil her made each year.

    Here is what I do mind:

    1. the extremely low tax rate that the IRS code allows him, and all others that have the type of income he has, to pay. That needs to change. Interest and dividend income needs to be taxed at a higher rate than earned income.

    2. the way vulture capitalists buy a company, have that company take on debt, then the company pays a dividend to the vultures and then the company files for bankruptcy and the employee pension fund is – kaput!

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