Bill Watterson’s work is fondly remembered for many things, but his latest burst of relevance seems to be in having completely anticipated the Romney for President campaign. In Romneyworld, every day is Opposite Day.
Today, at a campaign stop in South Carolina (and what’s he doing spending his scarce energy in a cash-poor, uncontested state?), Willard happened to mention in passing that he really does pay taxes like everyone else:
Mr. Romney said that he had examined the last 10 years of his tax returns.
“Every year, I’ve paid at least 13 percent,” he said, apparently referring to his effective federal income tax rate.
If you’re looking for more detail than that, forget it: you’re only The Help. However, if you were hoping for something to back up his assertion – proof, say – well, the Romneys do have a response for you:
Ann Romney said this week that releasing additional tax returns would simply provide “ammunition” for Democrats to attack her and her husband.
“The more we get attacked, the more we get questioned, the more we get pushed,” Mrs. Romney said. She added that she and her husband had been “very transparent to what’s legally required of us.”
“There’s going to be no more tax releases given,” Mrs. Romney said. She added: “Mitt is honest. His integrity is just golden.”
So there. Romney has paid “at least” 13 percent each of the last ten years, and he couldn’t possibly be lying – even though just about every single statement he and his campaign make contains at least one bald-faced lie – because “his integrity is just golden.”
See? Opposite Day!
Even taking Romney at his word, though, his statement today has quickly launched a new parlor game: figure out the way in which his carefully worded statement covers up whatever he’s been hiding in those ten years of tax returns. Thirteen percent of what? Is he actually counting all taxes (sales, property, etc.)? Did he only pay them retroactively, with penalties? How much did he avoid with foreign accounts and accounting shell games? Did he offload some of his income or liabilities onto Ann and/or his sons?
See, the thing about running an entire campaign on Opposite Day principles is that after a while people simply assume you’re lying whenever you say anything, and move immediately into trying to parse out which part is the lie.
But here’s the thing: Romney is saying this like he’s proud to pay 13 percent, because in his mind it shows that he’s fully discharging his obligations as a citizen. Me, I pay about 35 percent, and so do most of my friends. The Romneys brag about doing “what’s legally required of us,” and absolutely nothing more, when those legal requirements are already designed to require less of them than 99.9 percent of Americans.
The Romneys claim to be wetting their beds over the prospect that Democrats would use the Romneys’ financial records to criticize them. Thing is, the Romneys are making it so that their opponents don’t need to see the records at all. It’s certain that those records would show that, legally or not, the Romneys play by completely different rules than almost all of the people Willard would like to govern. But the Romneys are helpfully making that point already.
Unless, of course, you think that the next time the IRS wants to audit your returns, you can tell them, without producing any of your records, that you met your legal obligation. Your spouse can add that the IRS should believe you, because your integrity is golden. And the IRS agent, I predict, will nod enthusiastically, shake your hand because you’re a fine American, and go away.
See how Opposite Day works?
Today, at a campaign stop in South Carolina (and what’s he doing spending his scarce energy in a cash-poor, uncontested state?), …
Is the polling that bad for Willard? Is he in danger of somehow making Nikki Haley haz a sad?
It was a fund-raising stop.
Harry Reid cut to the chase: “Prove it.”
To respond to his and Ann’s latest attempts to deflect, obfuscate, mislead, and/or lie with anything more than “prove it” is a waste of time and mental energy.
But it is helpful for the public to see one of the beneficiaries of that carried interest tax deal and demand repeal of this theft from the public treasury.
Hey, now that I think of it, why is it patriotic for Mitt to pay not one dime more than he has to, but when the rest of us bustle off to H&R Block, thrilled to get our 100% legal little refund so we can catch up on the utilities and maybe get the kids some shoes, we are “takers” with “no skin in the game” who don’t “pay their fair share” and are a burden on the “job creators” and the “makers”?
My, that’s long sentence. Sorry.
Then you and your friends are millionaires. Using this little tax calculator at http://www.moneychimp.com/features/tax_brackets.htm, I find that at $1,0000,000 taxable income your taxes are 32.68% assuming you are single and 31.91% assuming you are married filing jointly. In fact, since 35% is the top bracket, total tax has to always be less than 35%. Romney’s 13% must all be based on dividends and capital gains and he’s probably talking about percent of gross not taxablee income which would put your percentage still lower. The 13% instead 15% probably is a result of his tithing and thus reducing his taxable to 90% of his gross.
I think I may be more typical. Gross $69,590. Taxable $40,613. Tax $5221=7.5% of gross. Which is the 15% bracket, same as Romney’s and Warren Buffet’s. Of course, I paid nearly the same in SS taxes as I did in (Federal) Income taxes. I’m guessing when you add that and Illinois income tax that I exceed Romney and Buffet. If you add Property tax on my modest home, I’m pushing 25%.
Sorry, I’m not a millionaire. However, I’m self-employed, which means we also get hit with self-employment tax and business taxes on my contracting work, plus some of the highest local sales taxes in the country (between state, county, and city, it’s way over 10% on most of the things we buy). And with no kids, no mortgage, and precious little money available to put in a “retirement” plan (what a sick joke that concept is), and not enough income to itemize other deductions, yeah, we get hammered. All for the crime of actually working for a living, as opposed to spending a few minutes a week telling a brokerage firm how I’d prefer them to move around other people’s money.
I’m a writer and political consultant. My wife’s a (badly underpaid) teacher. We both devote our full work-related energies to trying to make our community a better place. We both have good educations, work hard, are respected in our professions, and are supposedly in our peak earning years. Instead, my medical expenses have destroyed our savings and left us in debt, something as short and stress-free as a 40 hour work week is a concept we’ve read about in books, and we barely scrape by.
For whatever reason, almost everyone I know these days is similarly scrambling – out of work, or cobbling together multiple part-time or temporary jobs, or underemployed because it was all they could find. I keep reading in the media about job and tax analyses based on the notion of people having stable, salaried work with benefits, but I don’t actually know that many people lucky enough to have all that. And a lot of those people are terrified they’ll lose their job.
Regardless of the exact numbers – let’s say, for the sake of argument, your number is more typical – it’s still twice the rate the Romneys are allegedly paying now. And it’s about 40 times the rate they’d be paying under Paul Ryan’s proposals. (“Plan” seems too lofty a way to describe a loose collection of Randian fantasies.) That’s what pisses people off.
We are, in short, exactly the sort of freeloading “takers” our tax system already punishes, and exactly the sort of unproductive economic detritus Willard would like to raise taxes on further. Our punishment is justified by the public policy conclusion that presumably we’re too lazy to either work harder or – and I’m sure this would be the Republicans’ preferred option – just go the fuck away.
OK, so your taxes are 35%, not your income tax. As I said, my income tax is 7.5% and my total taxes about 25%, not so different from you. I’m sure one income vs two makes the difference.
My 1040 total tax / AGI * 100% is about 11% for a joint return of 2 workers. We itemize deductions. (I don’t know if home ownership is worth it overall, but come tax time the real estate tax and interest are nice deductions.)
Real estate tax, sales tax, assorted fees – those sure add up. How did you calculate your total taxes? Did you use a web calculator for sales tax or something?
No. I said “about” because I was adding in my head. Property tax is about $7000 hence about 10%. SS Tax is 6.2%.
So 7.5+10+6.2=23.7 Without looking it up, my state income tax and sales tax must add up to at least 2.3% which woould be about $1600. OK, I had to look it up. State income tax alone is $1981 which is 2.8%. So 7.5+10+6.2+2.8=26.5% plus whatever sales tax I pay. Our sales tax is 10% so it must be something outrageous.
BTW when I retire I calculate I will have zero federal and state income taxes but property tax will rise to 13% (of the reduced income), so my total tax will be 13% plus sales tax, or about what Mittens claims he pays on his ginormous income while being one of the 40% that R’s complain pay no income tax.
Plus the state and federal fuel taxes built into every gallon we buy. Federal tax on gasoline is currently 18.4 cents per gallon and 24.4 cents per gallon for diesel. So yes, we all had a hand in building the highways the 1% gets raw material and moves their stuff to market on.
the hilarious thing between him and his wife is like…
how dare you peasants question us?
it reeks from every pore of their being.
and we, the peasants are like..
Mofo, just show us the damn tax returns.
……………..
Also, more than one person has pointed out that he never says FEDERAL INCOME TAXES……
How come he never says FEDERAL INCOME TAXES
there are a whole lotta taxes out there.
uh huh
………………………..
the only thing that I don’t think is in Willard’s tax returns is that he didn’t tithe. Oh, I believe he tithed his 10% to the Mormons. I also believe, after reading the Mormon, Inc. article, that Willard did plenty of business deals with the Mormons, using their TAX EXEMPT STATUS, to get out of paying MILLIONS of dollars in taxes. …
which, I also think would be hard to explain to us common folk.
I’ve always used federal income taxes as a working assumption because that is what the media has been focusing on when he released most of his 2010 forms that showed an effective fed tax rate of 13.9%.
http://www.nytimes.com/2012/01/25/us/politics/romneys-tax-returns-show-21-6-million-income-in-10.htm
l?pagewanted=all
In no way do I believe Romney about anything until he releases more, whether he is talking just federal or plumping up the number by adding other taxes.
His 2009 situation still looks very suspicious to me.
I also believe Willard’s on the IRS Amnesty List
This whole business is really pissing me off. So ’cause Romney says he paid 13% that’s its then. The MSM seem ready and willing to accept this BS just on Romney’s word alone, cause he’s so trustworthy ya know, let’s forget about the fact that the Romney campaign have been using lies and distortions since the damn primaries, but yeah let’s take this mofo’s word that be paid what he said he paid. And this lead all the mainstream nightly news (ABC, CBS, NBC) with practically no damn push-back. It ridiculous and just a damn shame. If like my mom and many others I know, you get most of your news from the nightly and local news, then this is just sad that the press either refuses or just could care less to do their job of ya know informing the populace and providing real good information.
Nope, Romney says he paid, so hey he paid…over to you Harry Reid (I literally read this on some reporters twitter or blog)….
Ugh. the pessimist in me already knows Romney is gonna get away with it too. The optimist in me agrees with the pessimist.
Ugh.
Has anyone created a tax/income percentage calculator?
I know it’s simple math but you can plug in what you paid in taxes/income and then see your percentage and what you would have paid if you was Romney
The key difference is that Mitt’s ratio of earned income to total income is very low. If that’s the way it was for ordinary working stiffs, their federal income and payroll tax would be less than 5% of total income.
Something like this?
As Marie said. Otherwise see the link in my post upstream.
A good take on this from Mark Morford in Mitt Romney vs. Dead Potted Plant:
Emphasis on that last word, “built.”
They provided the software, too.
Works as well as the MBS, CDO, and CDS they built that trashed and crashed the US economy and a few others.