Wednesday, January 18, 2012

Is your tax rate higher than Romney's???

>>>> Thank you, President Obama, for stopping the Keystone Pipeline.  We don't need any project that endangers our citizens, our environment, and our food supply.  The Republicans say that this pipeline would create lots of jobs.  Every single time a Republican opens his mouth, the jobs created by the pipeline increases.  Even the estimate of 20,000 jobs is overinflated because at the most, no more than 2,000 jobs would result.

  ***
* Republican multi-millionaire Mitt Romney revealed that he has a tax rate of 15%. OMG!
That is incredible!  Yet this guy wants more tax cuts for people like himself!!!!????? If you want to compare your tax rate to Romney's, there is a handy new tool online.  Let me warn you---- sit down now. 

Visit WhatMittPays.  I did our income and let me tell you, Romney and those in his income bracket don't need any additional tax breaks.  It just doesn't seem fair that we pay more in taxes than Romney.

Wait!  There is even more on how Romney pays less in taxes.

Citizens for Tax Justice:

Although it is not apparent on his financial disclosure form, Mitt Romney has millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven.....

....But tax experts tell ABC News there are other reasons Romney may not want the public viewing his returns. As one of the wealthiest candidates to run for president in recent times, Romney has used a variety of techniques to help minimize the taxes on his estimated $250 million fortune. In addition to paying the lower tax rate on his investment income, Romney has as much as $8 million invested in at least 12 funds listed on a Cayman Islands registry. Another investment, which Romney reports as being worth between $5 million and $25 million, shows up on securities records as having been domiciled in the Caymans.

Official documents reviewed by ABC News show that Bain Capital, the private equity partnership Romney once ran, has set up some 138 secretive offshore funds in the Caymans....

Wow!  Incredible.  What else hasn't he told us?

*** In Ohio politics, Ohio Treasurer Josh Mandel, the Republican candidate for U.S. Senate, is recycling an old lie of his.  He is trying to claim credit for Ohio's credit rating.  Politifact already knocked down Mandel's lie months ago. Tsk. Tsk. Tsk.  Mandel should just try doing his present job instead of running all over the country to meet with lobbyists and PACs.