2012 Presidential Election (free for all edition)

[NC_Skins]

Also, when people grip about the 1% not paying their fair share, the really are talking about the .0025%. It doesn't take much income to hit the 1%, and most of those guys are probably not tax dodging. It's the super wealthy that are dodging taxes. The Mitt Romneys, Koch brothers, Warren Buffet.....

You don't think these guys below paid big time for legislation for these types of loopholes?


The fortunate 400 | David Cay Johnston

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year’s election campaign.

To give this a sense of scale, the top 400 are financial giants compared to Mitt Romney. It took Romney a quarter century of smart work to build up a fortune that his campaign says is between $190 and $250 million. The top 400 made about that much in one year.

Romney says that those of us who tell these hard facts about the zero-to-low tax burdens of the richest Americans are promoting class warfare. Income inequality, according to Romney, should be discussed only “in quiet rooms.”

If you agree with Romney then keep quiet. If not, now is the time to spread the word and encourage robust and thoughtful debate, just as the framers of our Constitution intended.