Or at least tries convincing us he's not, by incorrectly mauling numbers to make it seem like he's paying 50% income tax.
Only in your worst dreams, Mitt.
He must be getting really worried about Newt. #ddtb
Reshared post from +David McGirr
Mitt Romney attempting to backpedal. He is failing.
He's saying that he pays around 50% in taxes because his corporation pays 35% and he pays 13.9% meaning that his actual tax burden is higher.
That's complete bullshit. The corporation pays salary after taxes are paid. And Mitt Romney doesn't earn a salary, he gets his money as gained capital which means that he pays 15% and lower, with deductions.
He does not pay 50% in taxes, he is full of shit.
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Romney: Actually, I Kind of Pay 50% Tax | Talking Points Memo
I’m pretty surprised that Mitt Romney’s team let their guy go down this path. Or maybe it’s just him. Stung by the 13.9% tax rate story and goaded on by some conservative columnists, Mitt Romney is no…
You know, I pay sales tax on stuff I buy, and the people who make it pay income tax, and they pay sales tax on the stuff they buy, and companies pay 35% tax (#noTheyDon’t), and there are fuel taxes on delivering everything, so when you think about it, I pay 275% tax on my income.