Romney: What else is he hiding?

7 thoughts on “Romney: What else is he hiding?”

  1. Really big money buys many things that average middle class citizens don’t have…. like tax rates on “income” that are much lower than those who receive most income based on a job W-2, IRA or pension. They also pay little in Social Security taxes, because they accrue income from gains, dividends, and carried interest, and even if they did pay the tax, the $110K ceiling would be relative chickenfeed. Yet they benefit big time from Social Security because the surplus cash flow from the Trust has been used for years to fund tax cuts and wars and to supplement the general fund. The economies of scale from high income allow special trusts and off-shore arrangements to be established that bypass taxes. Most importantly they are often unaccountable because their wealth buys influence and immunity from the serving of justice, as we’ve seen occur when the nation is robbed of trillions by Wall St.. The problem of increasing inequality could be alleviated if all income and compensation, regardless of source, would be taxed equally and progressively.

    1. Absolutely! Allowing the wealthy any tax dodges that result in their paying less in taxes than, say, their secretaries or cleaning crews, is immoral. I’m not sure a progressive tax that penalizes them for being rich is fair, but at the very least they should pay taxes on all forms of income at the same rates as everyone else. After all, what’s it going to cost them, a new car elevator at their sixth home?

... and that's my two cents