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The Atlantic: Mitt Romney’s Tax Returns - Here’s What Really Matters.

“It’s not that Romney tax return proves he’s done something wrong. It’s that his tax returns prove that the tax code is wrong. Households worth $200 million earning $20 million in investment income a year shouldn’t be paying a lower tax rate than some middle class families, especially at a time when we’re thinking about cutting spending that disproportionately benefits the lower and lower-middle class.” Our modern affluent are not Andrew Carnegies, to help their fellow citizens by giving away $350 million in public libraries and many other beneficial resources (dollar value in 2010 is roughly equal to about $10 billion). You just don’t see that magnitude of financial charity happening.

01/24/12 • 11:09 AM • EconomicsHistoryHome & LivingHuman RightsPolitics • No Comments

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