If Romney paid no Taxes...

Last edited Wed Aug 1, 2012, 12:28 PM USA/ET - Edit history (2)

Americans take it as a given that the rich don't pay taxes. We are cynical and blase about that.

If Romney had years of 0% taxes, however, it would render his entire political/economic argument (presumably the basis of his candidacy) incoherent and impossible to make.

How could a rich man who pays no taxes argue that the rich need tax cuts?

And how could a rich man who pays no taxes argue that the poor need to pay higher taxes?

(Imagine the debate zingers)

2 replies, 1743 views

Reply to this thread

Always highlight: 10 newest replies | Replies posted after I mark a forum

Replies to this discussion thread

2 replies	Author	Time	Post
If Romney paid no Taxes... (Original post)	cthulu2016	Aug 2012	OP
The same way a man who is born into wealth can say he made it on his	Blue Meany	Aug 2012	#1
They would explain that:	Xyzse	Aug 2012	#2

Response to cthulu2016 (Original post)

Wed Aug 1, 2012, 12:27 PM

Blue Meany (1,464 posts)

1. The same way a man who is born into wealth can say he made it on his

own: self-delusion, obliviousness to privilege, and/or out-and-out lying. Of course, rich people always create rationales to justify their wealth (God's will, hard work, etc.). But only in America to large numbers of working people buy into their myths.

Reply to this post

Response to cthulu2016 (Original post)

Wed Aug 1, 2012, 12:29 PM

Xyzse (2,083 posts)

2. They would explain that:

They pay their fair share of taxes, that he just found ways to allocate his wealth and earnings to make sure that his rates are significantly lower.

They would cite the costs of opening and transferring funds to off shore accounts and so forth.
As well as how he hires people to be able to account losses in his American accounts while profit is Offshore.

Reply to this post