Mittzie the multi-millionaire is the perfect candidate for the 1%.
Now all he has to do is convince a majority of the 99% to vote against their own self-interests.
He paid 13.9 percent in taxes on income of $21.7 million for 2010 and about the same rate for the not fully completed 2011 returns.
Romney, of course, had no wages, salaries or tips, which can be taxed at up to 35 percent.
His biggest disclosure is Line 13, capital gain — paper profits — where he weighs in with $12,573,249 from 2010.
On that, he pays a mere 15 percent.
Under the profession category, he doesn’t report himself as a businessman or a politician.
He’s listed as “independent artists, writers or performers” — just like a mime, or Carrot Top.
In 2010, Romney’s take from this dodge, mostly speeches for his part, was $528,871, a mere 2.5 percent of his income.
Were he to get serious about being a hardworking indie performer, he might earn millions.
But again, even if he were able to take a deduction for that car elevator he’s putting into his remodeled manse in California, his earnings from his speaking business would be taxed at up to 35 percent.
Better to do no work and pay taxes at a far lower rate on capital gains or a category Romney shares with certain hedge fund managers: compensation from his Bain Capital days also taxed at 15 percent called carried interest.
Romney knows something about college. He has two degrees from Harvard.
Three of his five sons — Tagg, Matt and Josh — have M.B.A.’s from Harvard, giving the family a coxed scull of Crimson-red advanced degrees.
It’ll cost you about $84,000 a year to attend Harvard Business School, with tuition, housing and related expenses.
But don’t try getting a tax credit for that under a President Romney: his plan calls for eliminating this college incentive, along with doing away with an expanded credit for working families with children at home.
With a Swiss bank account and holdings in Bermuda and the Cayman Islands, Romney by example demonstrated another kind of incentive — invest in foreign countries while paying the absolute minimum in taxes to your own nation.
“I pay all the taxes that are legally required and not a dollar more,” Romney said earlier this year.
http://opinionator.blogs.nytimes.com...-romney-vs-me/
