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WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
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Hey! I've moved to He's Pretty Fly For A Jersey Guy.
Please update your bookmarks. Thanks!
Saturday, 22 September 2012
Well whaddaya know, Romney and Obama have the same effective tax rate
Much hay has been made over Mitt Romney's tax returns. Harry Reid was outraged! that Romney hasn't released every tax return he ever filed, all the way back to his first paper route at the age of 11. And liberals across America are peeved because the Romney's effective tax rate is "only" a tad over 20 percent.
Of course 20% of $14 million bucks ain't exactly chump change. Add in the 30% of their income that the Romneys give to charity, and I'd say they're paying significantly more than their "fair share."
And not for nothing, but another famous American couple also enjoys the benefits of a 20 percent tax rate. You may have heard of them — Michelle and Barack Obama.
"Over the entire 20-year period, the average annual effective federal tax rate was 20.20%," the Romney campaign states, based on a summary of Romney's taxes from the firm Price Waterhouse Cooper.
President Obama's tax rate in 2011 was only marginally higher, at 20.5 percent.
Welcome to the One Percent, Mr. Obama. The Occupy Wall Street Outrage Machine
should be camping on your doorstep any day now. LOL.
Posted at 13:22 by Chris Wysocki
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