http://news.yahoo.com/blogs/ticket/romney-does-math-tax-rate-closer-15-percent-180536871.html Romney does the math on his tax rate (âcloser to 15 percentâ) and his jobs record at Bain FLORENCE, S.C.âFor half an hour, they delayed, but the crowd didn't get bigger. Just over 100 people turned up for an 8:30 a.m. rally here for Mitt Romney, a decision that may have influenced the campaign's decision to abort a grand entrance for the candidate and his wife, Ann, that involved driving the campaign bus into the building. Taking the stage, Romney eyed the smaller than usual crowd, which had already been documented by the dozens of reporters on the scene with photos posted to their Twitter feeds, and seemed to offer an explanation for the news media. "What time is it here? 9:00 a.m. in the morning?" Romney said, eying his watch. "Gosh, this is a work day right?" After a 15-minute stump speech, that included a heavy focus on social issues, Romney shook every hand in the crowd before heading outside to take questions from the assembled press corps. Ann Romney, who had been chatting with reporters, jokingly raised her hand and got the first question: "What happened to your skinny jeans?" she asked. Romney, who was wearing a baggy pair of Tommy Bahamas, grinned but didn't answer. He wore the same smile as he underwent intense questioning from reporters from everything from his ties to a super PAC that is spending millions to promote his bid for the Republican nomination to what his estimated tax rate is. As his aides tried to end the presserâ"LAST QUESTION!" one staffer shoutedâRomney lingered and offered perhaps the most revealing answers yet about two issues that have dogged him on the campaign trailâhis wealth and his record as a jobs creator. While he again demurred on questions about why he has not released his tax returns, Romney offered a hint of what will be the biggest headline when he eventually (presumably) does disclose them. He told reporters that his "effective tax rate" is "closer to 15 percent"âfar less than what most middle income families around the country pay. He explained that most of his income today comes from "investments I've made in the past" and from book sales.
Poll after poll show a large majority wants the rich to pay more and the republicans are going to nominate a guy worth 250 million who only pays a 15 % tax rate LOL !!!!
It's called capital gains tax AK47. He pays the same marginal rates as everyone else on "earned income". Yawn...