Friday, January 27, 2012

Mitt Romney might not be a disingenuous toad

Romney: Actually, I Kind of Pay 50% Tax | Talking Points Memo:
"Romney’s argument is that even though he pays only 13.9%, he’s really paying something like 45% to 50% because the investment income he lives on comes from corporations. And those corporates also pay taxes. The nominal corporate tax rate is 35%, though of course many pay much lower. But if you add Romney’s rate together with this completely unrelated corporate tax he doesn’t pay, you get 50%, which Romney is now saying is real tax rate. In other words, he’s claiming he pays both taxes.

'via Blog this'

but it sure seems likely

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