It’s kind of hard to believe that under Paul Ryan’s budget plan, Mitt Romney would have paid an effective 0.82 percent tax rate on 21 million dollars of currently taxable income. The reason for that is Ryan’s plan eliminates all taxes on capital gains, interest, and dividends, while reducing the top marginal tax rate to 25%, and eliminating the Alternative Minimum Tax. So, instead of paying roughly 3 million dollars in taxes in 2010, Romney would have paid about $177,000 instead. Meanwhile, under Romney’s tax plan, he would also get a large tax cut, but 95% of American taxpayers would see their bill go up.
If we look at the life Mitt Romney has been leading since his term as governor of Massachusetts expired, he hasn’t been doing any work and he certainly hasn’t been creating any jobs outside of those that have served his political campaigns. Isn’t he supposed to be creating jobs with all this wealth of his? Is there any reason to believe that he would have created one extra job if he’d been allowed to keep an extra three million dollars a year over the last five years?
