Pitt the janitor is paying 10% in taxes on his $35,000 yearly salary; Mary the manager is paying 15% in taxes on an $80,000 yearly salary, but Mitt Romney is paying 13% percent on his $20+ millions. What is wrong with this picture? What I find funny is the fact that Mitt Romney is proud to say he pays 13% in taxes and nothing more, as if that is a lot of taxes. He even made it sound normal to Pitt and Mary.
Forget the fact that he has his money saved in offshore account like the Swiss, caiman islands, and Bermuda to avoid paying taxes on his $100+ millions. What I want you to look at is how he says he will balance the US budget without raising his taxes or cutting the defense budget.
This is simple. If you can make Social security into a voucher, asked Pitt and Mary to pay 20+% in taxes and at the same time he gives himself a tax cut, problem solved. Of Couse I know this math does not add up. But Mitt Romney is going to do it anyway. Plus he is willing to reduce his taxes to 10-% same as Pitt the janitor, while he maintain his offshore savings. He will tell you that he pays what he supposed to pay in taxes. So, if elected what will the Romney tax code be? If he is paying a 13-% now as a $100+ million man.