Romney Paid More in Taxes than 99% of all Americans

This came as a shock even to me. The media have been doing a great job in propagandizing for Team Obama by making a campaign issue out of the fact that Mitt Romney “only” paid around 14 percent in taxes. Consider the following from the mostly liberal Washington Post: “[A]bout 96 percent of all taxpayers have a lower average [Federal income] tax rate than Romney.”

“More precisely, in 2010, somewhere between 90 and 95 percent of Americans had a lower effective income tax rate than Romney’s 13.9 percent.  In 2011, somewhere between 95 and 97 percent of Americans had a lower effective income tax rate than Romney’s 15.4 percent, at least according to the latest IRS data from 2010.”

Romney pays millions of dollars in taxes — millions — and liberals like Harry Reid, who has not released his tax returns, still say that Romney is not paying his “fair share.” Consider these amazing tax statistics:

“The most recent Complete Report of Individual Tax Returns for 2010 from the IRS has a nice table on page 25 showing average tax rates by income group from 1986 to 2010. In 2010, the average income tax rate paid by all taxpayers was 11.8 percent — clearly less than the roughly 14 percent average income tax rate Romney paid last year. Most taxpayers earning under $100,000 pay an average rate of less than 9%. Those earning between $50,000 and $60,000 pay an average income tax rate of 6.5 percent.”

This is all because 47 percent (58 million) of all people who get a pay check don’t pay any federal income taxes. The claim that the “rich” are not paying “their fair share” is one of the biggest liberal lies out there, nearly as bad as “We’re from the government and are here to help you.”

Another thing. Because the Romneys are millionaires, they buy a lot of stuff. Every time they purchase something, they pay sales taxes, excise taxes, and other mandated taxes that consumers never see but are tacked on to motel and hotel bills, telephone bills, gasoline, and nearly everything we buy. Moreover, every time they buy or build something, their purchases go a long way to employ people as their spent money ripples through the economy.

It would be interesting to see the effect that a spent dollar has on the economy as compared to a taxed dollar.








Comments

comments

Gary is a graduate of Western Michigan University (1973) and earned his M.Div. at Reformed Theological Seminary in 1979. He is the author of countless essays, news articles, and more than 27 book titles.

Posted in 2012 Election, Business, Economics, Economy, Politics, Poverty Tagged with: , , ,
  • Barto

    Now don’t hold your breath for the Lame-Stream media to report on this! We can get rid of Obama by voting him out in November; we can get rid of the Lame-stream media by not watching or listening to them (hit them where it hurts, in their networks’ purses)!

  • larebare

    Gov. Romney is the first candidate to be able to pass the litmus test for having honesty,integrity, and moral character to come along in a while. He and his wife are genuinely good people and are generous to others. They are proud to be Americans and they have’nt sat in a church that preaches hate and division for 20 yrs. I think that we would be lucky to have these people in the WH, I think it would bring back a respect for the presidency that has been lacking for a long time.

    • Victor Magilke

      We are definitely on the same page. He is an honest, kind and generous statesman It will be refreshing to have someone of his stature back in the white house.

  • Strick

    Romney is rich because he was successful. Instead of the successful guy, we should re-elect someone who was NOT successful?

    • Victor Magilke

      That’s funny. But that’s what the liberals are preaching. Please vote for our failure, we don’t want someone successful running our country!!! LOL

  • Progressive Republican

    He also MADE more than 99.999% or so of Americans. I wish MY tax rate was as low as his, but then I wish i could get paid for doing what I wan, when I want or for just sitting on my ass like he does. Must be nice to have had a father to set you up in life the way his did.

  • Mischal

    Every one of us needs to convince one person to change their vote and cast it for Romney or we`ll have four more years of O heading us down the road to destruction. He`s ahead in the polls which is mind boggling.

    • Victor Magilke

      I’m working just hard as I did in the primary. This will be the diriest election in our history. Americans need to be prepared for fraud and violence at the polls.

  • Earl P. Holt III

    Okay: Now, he should DEMAND that Barack Hussein Obama release his student records at Occidental, Columbia and Harvard Law. The Corrupt Leftist Media demand it, right? Right?

    • Victor Magilke

      I’d like to see all his records. Why would someone spend 4.1 million dollars to conseal their kindergarten records if they didn’t have something criminal to hide?

  • slapjack

    Hairless reed is a poor excuse for a Senator. He fits right in with the DUMBOCRATIC freak show. Anything to get his illigitmate Kenyan half breed son reelected.

  • http://www.facebook.com/people/John-McClain/1331483669 John McClain

    My father, at 81, a multi-millionaire earned after my adulthood, paid no taxes on his income. He does this by taking his retirement savings he earned, which pay dividends, and he has made about 100 separate charity trusts over the past two decades, each between half a million and several million, but he has given to charity more than 90% of what he earned over fifty years of working. If you give more to charity than your income, you have no income, and pay no taxes.
    I served in the Marines two decades, I work for a living, my two sisters also earn their way, and we will none of us inherit anything but personal possessions. We like it that way. We three children started working when we started walking. I don’t know of a week I’ve been alive my father has not worked more than eighty hours, including since he “retired”.
    He and my mother each put themselves through college with no family money, just working. They, despite what zero says, earned their way in life, and they build a better life for hundreds of strangers who will only know their name because of the name on the grant they got. I don’t know Romney, but I know he didn’t get where he is any different than by hard work and saving pennies.
    If I can be working on the day I die, I will die happy for not losing even a day. The Joy of accomplishment is a gift from God, and those who pursue it, find their cup runneth over. The rest live in envy.
    John McClain
    GySgt, USMC, ret.
    Vanceboro, NC

    • Victor Magilke

      Mitt Romney was not my original choice for president, but I believe he is an honest hardworking patriot. He is experienced in business and will be much better than the inept racist we have in the white house.

  • SniperToo

    Well, yeah!, it’s the law. Except for the left, they don’t have to, because they are above the law and it’s only fair to the moochers and the commies. Don’t you just love double standards. It works for the left every time. NUTS be to you Mr. little o. I understand he has to remove ALL the commercials that are stating that Romney didn’t pay his fair share. The biggest problem I have with Mr. little o’s phoney commercials (Marxist propaganda) is, these recent slandering false lies are being financed by our tax dollars. Another criminal act by Mr. little o. BUT, is Congress or the Senate stopping him, NO!.

    • Victor Magilke

      Unfortunately we have a very weak congress. We need to elect some politicians with the backbone to make the tough decisions necessary to save our nation from this path of destruction.

  • Jim Jilcott

    a President on National TV did not know the US debt before he started and now, how sad a Country that would support such a fraud

    • Victor Magilke

      Obama is a joke. Without his twin teleprompters he talks like an idiot. Russia’s Putin stated, ” just because Obama can read someone elses words on twin teleprompters, doesn’t make him a world leader.”

  • WASP

    The libtard, Kenyan worshiping, progressive democraps don’t really care whether Romney paid his taxes or not. What they can’t tolerate is that he was successful and earned so much money. In their perverted world view, his ability to make lots of money and their inability to stop him, is their hang up. Anyone who is productive and successful is their enemy. Where do you think the leeches of OWS get their stupid ideas.

  • bud

    Seems that we are now repeating history and have within our shores, the “new” Babylon, wherein we have the elites speaking in babbles and sadly, confusing the facts and truths with lies, distortions, innuendos, and the like, and all thanks to the increasing “ivory-towered eggheads” and the likes of a Soros (read about his biography and the 60 Minutes interview) AND the current liberal/progressive “talking heads” in the media, who are not only the deceivers, but who use their “useful idiots” who allow themselves to be deceived and, as a result, go about deceiving others……..(Christopher A. Ferrara, from his book, “False Friends of Fatima” – June 2012, first Edition).

  • http://www.facebook.com/a.madrigal.ca Armando Madrigal

    Why are there so many dumb ass Romney supporters on this site?? Reading all these comments from all of you only strengthens my desire to support Obama.

  • Robert Wolfe

    These are some of the biggest lies that I have ever heard. Romney does not build a damn thing to help make jobs. He only buys companies and ruins them. And as far as his fair share. Making millions of dollars and only paying a few percent over average is not much of a fair share. He still has too much money hidden away that he is not paying taxes on. Our tax law are out dated and should be brought current with the amount of money difference made by the average worker and the rip off CEOs.

  • oldpumpguy

    As soon as a politician starts talking about percentages, they are trying to hide true, real facts. Let’s take a look at the millions Gov. Romney paid in income taxes during recent years and compare then to $200,000 or so paid by the Obamas. The Obamas are willing to show their last 10 to 15 years tax statements because they really didn’t have much income until 2008 and the success of their books. The law only “requires” a Presidential candidate to release their last two years tax statements, so the Romneys really aren’t required to release what they have in the last few days. Always look at the raw data; not percentages.

  • http://www.facebook.com/people/Roscoe-Bonnifitucci/100000459519027 Roscoe Bonnifitucci

    Dems are Hypocrites. Socialist Dems like Obama, Harry Reid and Nancy Pelosi are World-Class Hypocrites. They deserve to be exiled from our Dear America and sent to a 3rd World Socialist Crap Hole to experience first hand how Socialism works. Might I suggest Rhodesia…oh, excuse me for not being Politically Correct, I mean Zimbabwe…that pus-hole that used to be the Gem of Southern Africa. It was a First Rate Country before the Wealth Redistribution Maniacs got a hold of it.

  • IsRaeLi_BaBe

    Romney/Ryan 2102!!!