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Showing posts with the label 1%

Under Paul Ryan's plan, Mitt Romney would have paid just 0.82% in taxes (no, that's not a typo)

According to Matthew O'Brien - associate editor at The Atlantic  - under Paul Ryan's plan, Mitt Romney would only have to pay 0.82% in taxes. The only full year of taxes we've seen from Romney was from 2010, where he paid 13.9%. Under Ryan's plan, he'd only have to pay 0.82%. That means of the $21,661,344 he made that year, he'd have to pay only $177,650. Why? Because Ryan wants to eliminate all taxes on the following: Capital gains, interest and dividends and most of the $21,661,344 Romney made were from capital gains, interest and dividends. He did make $593,996 for speaking fees and books he's authored. So, why did Romney choose Ryan as his running mate? Because he's a young, attractive, up-and-coming member of the party? Sure. Those may all have been factors. However, it's difficult for me to look past that number - 0.82%. Many thought 13.9% was too low as it is. That's about 17 times the amount Romney would have to pay under Ryan's plan....

Santorum blasts Obama for siding with 99%. Yeah, that strategy is going to hold up...

GOP candidate and possible front-runner, Rick Santorum, criticized President Obama and accused him of encouraging the Occupy Wall Street movement, saying Obama is “trying to divide America into one percentage versus another percentage. That’s not what a leader of this country should do but Barack Obama has sided with the 99 versus one.” I'm thinking Ol' Ricky may want to retract that very statement. I'm not thinking it's going to be a good strategy for he or the Republican Party in general to say they represent the 1% while Obama represents the 99%. I can just see Santorum at a future speech or rally, saying something like: "Forget Obama! He's only siding with 99% of you! I'm siding with the top 1%, you know - the most important people in this country! Do you want a president who leaves out 1% or a president who represents 1%? Allow me to represent all of you - 1% of you." Like I said, I'm not thinking that's going to be a winning strat...