The Sunlight Foundation has this up on the lack of sunlight by Romney. (hat tip to washington post)
The rightwingers are all over this–saying that Romney is a private individual who does not have to disclose his returns.
Um…does anyone else wonder why the rightwing (and the Dems) are all about snooping into other people’s lives…saying “if you have nothing to hide, you shouldn’t mind someone reading your emails, watching what books you check out, who you call on the phone (and what you say), and generally destroying the Fourth Amendment…so, um…why do they have a problem with Romney laying his tax return out there? I mean, if he has nothing to hide….
Looking at the stats on Romney…good grief look at the disparity between him and Obama. And man, it warmed my heart to see Obama was paying 32%, but as the article states, it’s because of the classification of income–Obama’s coming from book sales.
The rightwingers will make the case that Romney somehow deserves to only pay 13 -15% of his income because it’s investment income…they have wrongly stated that he would be paying taxes on income he’s already paid taxes on. Not true–the investment capital is not taxed again, but the profits he makes on those investments is. He should be paying 35% on the profits he makes–whether its from investments or from a paycheck. Incidentally, if he loses money, he gets to deduct that from his taxes owed.
Lastly, I’m sick of hearing about how great the rich are in contributing to charity–some statement was made awhile back on how much more they give to charity. Sitting where I am, there is just as much charity with the poor–only they don’t get to deduct that off their taxes, so it isn’t documented. They will help others out the best that they can–a few bucks or few sheets of typing paper or a few slices of bread to tide one over…that sort of thing.
So…speaking of taxes…here is the 2011 tax table figures: http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
If one takes the standard deduction (single), they start taxing you when you make $15,000–minus the $7,000 standard deduction. It’s stunningly pathetic that the one-percenters like Romney can take taxes off to feed his horse, but a person who every week has to decide whether to pay the light bill or food on the table has to pay taxes on a measily $15k. Poverty level….
Here is the poverty level, by the way–which is waaaay too low: http://aspe.hhs.gov/poverty/11poverty.shtml
A person making $20,000 per year would be more like it–you can’t afford decent housing at even that level. You certainly couldn’t put any money away in savings nor could one take even the most simple vacation (camping, etc.). You’re one paycheck away from being homeless.
I think the reasons for keeping the level so low are listed on the page–it’s used to determine food stamp eligibility and other social services…it’s the same with the false 8% unemployment figures…if you don’t acknowledge a problem exists, or acknowledge the scope of the problem, then you don’t have to get off your butt and do something about it.