If Mitt had been elected with GOP majorities in Congress, he could have had his tax plan passed into law, eliminating corporate income taxes, dividend taxes, capital gains taxes and the estate tax. Then Mitt could have paid no Federal income taxes at all, and he would have become a card-carrying member of the 47% who take no responsibility for their lives. Even though his income is north of $20 million per year, he would have been the recipient of government services like the rest of us for which he paid nothing. Instead of being part of the 47%, he remains the out-of-touch member of the 1% who received 47% of the vote.
- The Brain Dead GOP Meets Obama’s 39.6%, and Raises Him 1.4% (wallstreetpit.com)
- Buffett Puts Wealthy Tax Avoiders in the 47%: ‘They Were the Moochers’ (bloomberg.com)