Romney's Taxes

[Danzig]

Originally Posted by Dahoss

I'm hoping one of the smarter members here can explain something to me about Romney's taxes.

How is Romney going to respond when the democrats bring up the fact that Romney in fact paid a lower effective tax rate than Obama last year, despite earning so much more? Isn't that what Obama's point about taxes has been all along?

i was talking to someone at the gym earlier, and mentioned that something was wrong in having romney have to leave off some of his deductions in order to pay around 13-14%, and ryan paid an effective rate of 20%. a guy walking by said 'yeah, but how much money did romney pay?' then he said there should be a flat tax. i asked how those two comments could be reconciled with each other, as the man is obviously at odds with himself. if he thinks there should be a set percentage for everyone, how can he than defend a lower rate for a richer man? yeah...he couldn't.
there is NO earthly reason why romney should be paying that effective rate. it's absolutely ridiculous, indefensible, obscene and unconscionable that a man worth a quarter of a billion dollars should be paying a lower effective rate than most of us do.
as i said before, i get that we want to get people to invest...but in this case (and probably in many others), it seems romney in fact is part of the 47% that is taking the govt for a ride.

many have said for years the tax code needs reworking-but knowing who pulls the strings, what are the odds of that happening?