Romney's mountain of wealth could cast loud echo, he's a .006 percenter
Romney's mountain of wealth could cast loud echo
WASHINGTON – Mitt Romney's newly released tax returns represent an extraordinary accounting of the household finances and far-reaching corporate investments of one of the richest U.S. presidential candidates in generations, with an annual income that tops $20 million.
How the details of Romney's extensive wealth will play among Republican taxpayers, rival campaigns, the media and the American public only started to emerge Tuesday, as more than 500 pages from a 2010 tax return and a 2011 estimate spilled out both significant and minor revelations about Romney's scattered holdings, tax strategies and charitable donations.
Romney's income puts him in the top 0.006 percent of Americans, based on the most recent Internal Revenue Service data, from 2009. That year, only 8,274 filers reported income above $10 million.
1. How can he possibly understand or relate to the working man or woman?
In the debates, Mitt says one of his greatest achievements is raising a family. That is easy if you do not have to worry about education (Which private school will Junior attend? - bypass the public education morass); or where to have medical treatment (Which clinic do we own?), or finding time for the family ("I will only be at the office for one hour today to sign some downsizing papers on that last acquisition."). How could he ever relate to the wrenching pain of working two jobs after retirement and still not be able to keep the wife from having to work in order to have family health insurance?