Tuesday, September 18, 2012

99%,1%,47%,13%

If you pay no income taxes and receive Social Security and Medicare, both of which you paid for over a long history of work, then you are, according to Romney, one of the 47% who expect government to take care of you--he has no use for you.

What if you've paid $12,000 in property taxes, and have income of no more than $36,000? You are paying an effective tax rate of 33%, but you still pay no income tax, so you're one of the 47%. What if you earn $40,000, on which you pay payroll taxes of 7.65%, and you also have a property tax bill of $10,000. Then your effective rate is about 32%.

Mitt Romney says he paid "about 13%" of his income in "taxes," but didn't specify which taxes. The one tax year that he deigned to show us included a $77,000 tax write-off for what someone referred to as a "dancing horse" and he paid just over 13% on income taxes. While most people in the middle-income brackets pay at about that rate, Romney's no middle-income taxpayer.

In any case, the video revealing his statement about the 47%, brings up the question: is he one of the 47%, as well as one of the 1%? Many corporations pay no income tax, including GE, for example, and like the average for the bottom quintile of income earners, it had a negative rate of tax--it received subsidies that more than cancelled out any taxes due.

More than ever, Romney should release his past tax returns, if he wishes to appeal to more than a minority of American voters. But maybe he can't, because those returns would reveal either: a felony, like voting fraud--claiming Massachusetts residence to vote and California residence for tax purposes in 2008; or he paid no income taxes in some of the past years, despite multi-million dollar incomes.

Is he a member of the 1%? Certainly. Does he get it that most people struggle? No. He sees them as dependents on government (a projection?), and apparently would treat them that way.

He's a true Roman Senator, although instead of owning slaves and serfs, he's had no compunction driving workers from their jobs, and forcing others to accept dramatically reduced incomes, while he made millions.

The fact that he's ready to double-down on his 47% statement is even more eloquent. It demonstrates that he believes he can--and should--win election with only white males, only those who ascribe his statement to 'others' (minorities, especially), and only those who believe they "made it" on their own. It's a piece with Republicans' "we built that" misinterpretation of Obama's reference to government's role in creating the infrastructure necessary for wealth-creation.

If, despite all this, Romney manages to buy and/or steal the election, anyone not in the 1% will get a government that is actively opposed to their interests.

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