On Romney’s taxes:
There will be much wailing and gnashing of teeth about that 13.9 percent tax rate. As it happens, the lowest effective tax rate paid by a recent presidential contender was 13.1 percent. That fat-cat tax-evading money-grubbing greedy snob was none other than John Kerry, the Democrat candidate for President in 2004. As Romney pointed out in the Monday night GOP debate, he inherited nothing and earned his wealth. Kerry inherited everything, by marrying a rich man’s widow. Do you remember a lot of Democrats howling with rage over Kerry’s amazingly low effective tax rate? Was it ever mentioned at all?
Even at an effective rate of 13.9 percent, Romney forked over $3 million dollars, which is more than the combined payment of several hundred middle-class taxpayers. Barack Obama’s $3.6 trillion government spent Romney’s three million bucks in precisely 27 seconds. If every penny of Romney’s annual tax was used to pay down the national debt, Obama’s government would borrow it all back in 73 seconds. If the government had confiscated Romney’s full 2011 earnings of $20.9 million, it would have enough money to run for just over three minutes.
Since the average cost of Obama’s “green jobs” works out to about $4.8 million apiece, Mitt Romney’s annual taxes are not quite enough to fund one green job.
Which, of course, produces nothing of any value whatever. The bottom line:
Instead of fiddling around with huge volumes of tax law to produce ideologically acceptable outcomes, the government should be taking as little as possible from its citizens, using the most clear and simple methods possible, and spending no more than it collects. That will never happen, but the acolytes of leftist Big Government also don’t have the guts to do what they really want, and call for the seizure of all income above a politically determined limit. “I do think at a certain point you’ve made enough money,” as lifelong politician Barack Obama once observed.
Well, hey, it’s only fair, you know. If you’re a pig-ignorant, deceitful faux-pResident intent on dragging a nation over the socialist cliff into destruction so you can then remake it to your own dysfunctional standards, that is.