Paul Ryan released his tax returns, which is something his colleague Mitt Romney has failed to do. There is no scandal, no uproar over taxes not paid, nothing, except visible proof of the disparity between the classes. Yet with the glaring disparity, Paul Ryan supports his running mate for the Presidency in paying less than those making far, far less.
Ryan and his family paid 20 percent of their adjusted gross income in federal income taxes in 2011 and 15.9 percent in 2010, on income of $323,416 last year and $215,417 the year prior.
Even Weekly Standard’s editor Bill Kristol said that he believes that Mitt Romney should pay a higher tax rate, calling the Presidential candidate’s tax rate on his investments “weird.” “I personally — if I were designing the tax code — would have a tax code in which Mitt Romney paid more than 13 percent, given what I know about the kind of investments he made money from,” Kristol said Monday on C-Span. The Conservative commentator added that he believed there would be no “economic detriment” to Romney if he paid more. “I think it just seems kinda weird that he pays a lower rate than an awful lot of middle-class people,” Kristol said, according to the Huffington Post.
Steve Benen from Maddow Blog reports:
When Gingrich presented this policy, Romney said it went too far. When Ryan presented this policy, Romney made him his running mate.
Taxes seem to be a rather peripheral issue in the 2012 race, but it seems like the kind of policy that may yet pack a punch. Romney is already paying a lower rate than most people who work for a living, and his running mate’s plan would push this multi-millionaire’s tax burden to almost nothing.
With the middle class disintegrating before our eyes and politicians asking the remainder of said class to carry the burden of fixing our ailing economy — we need to ask these politicians, why they protect the rich with such vigor. Before we vote.
Big thanks to The Maddow Blog
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