Down here in South Carolina, where we cheer racism and boo Mexico, Mitt has finally announced that his tax rate is roughly about, oh, give or take, right around there, in the neighborhood of, hem, haw, 15%. Which is less than most middle class Americans.
Worth $250 million and he pays less in taxes than a single worker who, say they earn about $35,350 a year, pays 25% in taxes; families that earn less than $100,000 per year pay more than that.
Oh Mittsy, out of touch much.
But, after taking his foot from his mouth, Mittsy puts it right back in, and says his only "real" income last year--besides the millions he made from investments--came from monies he earned from speaking engagements, and it wasn't really that much.It was, in fact, $374,327.
Here's Mittsy: "[My tax rate is] probably closer to the 15 percent rate than anything. For the past 10 years, my income comes overwhelmingly from investments made in the past, rather than ordinary income or earned annual income. I got a little bit of income from my book, but I gave that all away. Then, I get speakers fees from time to time, but not very much."
And remember, this nearly 400k in speakers fees was earned while he was campaigning for president and "jokingly" said that he was also unemployed.
Mittsy is the 1%. He will fight for the 1%.
Don't let his smarminess fool you.
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