Are you the 47 percent? [OPINION]
Posted by: Rachel Millman
Published on: September 22nd, 2012 at 12:30 PM
The following was submitted by James. (Your voice can be heard here as well. Submit your own, we hope you do.)
One irony of Mitt Romney’s leaked criticism of the 47 percent of Americans who don’t pay income tax is that Romney may be a member of the club himself, since he pays almost no income tax relative to his vast wealth.
Don’t believe it? Ask Mitt Romney. In a January debate, Romney criticized a proposal by Newt Gingrich to eliminate capital gains taxes because ultra-wealthy investors like Romney would pay virtually no taxes at all in such a scenario. That’s because Romney’s estimated $250 million fortune comes almost entirely from investment income that isn’t covered by income tax.
Then the comment 47% of Americans are looking for handouts? So basically half of every person in America is a loser, according to Mitt. If there are two people in your house right now, there is basically a 50/50 chance he’s talking about you.