The problem with the left railing against this is that President Obama's tax plan of raising the top marginal rate from 35% to 39.whatever% would have no impact whatsoever on how much Mitt Romney pay's in terms of taxes because, as Mr. Romney said, the majority of his income is on investments which he only pays capitol gains taxes, which are currently at 15% for long term held assets, the same type of assets that Mr. Romney is cashing out year to year to pay for his lavish homes and yachts and whatever else rich dudes have. If his income tax rate was increased to 39.whatever%, he's still only going to pay around 15%. If we believe that the only other income revenue he got was from speaking fee's which totaled around $360K, then he would pay 35% (I believe I'm right here) on all income above $250K and around 25% on the rest. That's about $38.5K plus $62.5K so about $101K and this is assuming he isn't using the home mortgage deduction, charitable giving (coming from his book sales and his 10% tithe to the church), etc., etc.
So you can say all you want about Mitt for paying his taxes legally, but at the end of the day, his Democratic rival's tax plans wouldn't change anything about how much Mitt pay's in taxes.
Now I know, President Obama also said in his campaign he wants to raise capital gains taxes, but that would actually decrease tax revenue as shown in one of the democratic debates by I believe Charlie Rose. You want to talk more about that? Please, reply!
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