It seems the Mitt payed only a 13.9% effective income tax rate in 2010 on $21.6 MILLION. And all I can say to that is so what? I know 30 “people” who paid no US income taxes between 2008 and 2010 and they made a lot more money than Mitt did:
Thirty large and profitable U.S. corporations paid no income taxes in 2008 through 2010 …
Pepco Holdings Inc, a Washington, D.C.-area power company, had the lowest effective tax rate, at negative 57.6 percent, among the 280 Fortune 500 companies studied. […]
Their report also listed General Electric Co, Paccar Inc, PG&E Corp, Computer Sciences Corp, Boeing Co and NiSource Inc as among the 30 that paid no taxes.
By the way, what was GE’s income in 2010? Well according to the financial statements its 2010 annual report it had over $11 BILLION in net earnings. And for those of you who say Mitt is a person, well, so is GE (at least according to the US Supreme Court)! And GE can spend a lot more money on promoting Mitt’s campaign (assuming they like Mitt over the Newt or whomever) than he can because money = free speech and GE has a lot more money than Mitt does.
So what’s the Big Deal? Mitt paid his taxes. That’s better than General Electric.
