General Discussion
In reply to the discussion: Mitt Romney: It's fair I pay a lower tax rate than people making $50,000 [View all]King_Klonopin
(1,306 posts)Why are we splitting hairs here? Keep it simple...
1) People like Mitt have an income based on earned interest and capital gains.
The system, as it is, in the U.S. is that we tax labor at a higher rate than wealth
which is justified by a lot of tripe. (Romney doesn't even stick to the script that
the capital gains tax rate is lower to "incentivize investment", otherwise, the wealthy
would sit on their mountain of money and sulk and not create jobs.)
The focus should be on WHY and HOW this situation came to be.
2) The term "working poor" is an oxymoron that should disturb anyone with
the slightest bit of common sense and decency.
The Earned Income Tax Credit was devised by republicans to give welfare
recipients incentive to work. Now the "working poor" are called moochers
for not paying Federal income tax. Always the scapegoats.
3) Elizabeth Warren is correct -- the system is rigged in favor of the wealthy.
And you can see, Mitt feels no shame about it.
Was Mitt's Tax return an "Amended" return ?????