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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRomney Pens Open Letter To Obama In Ohio
Last edited Fri May 4, 2012, 09:55 AM - Edit history (1)
Presumptive Republican nominee Mitt Romney has written an open letter to President Obama in the op-ed pages of the Cleveland Plain Dealer. Obama is scheduled to kick off his re-election campaign at a stop in Ohio on Saturday. In the letter, Romney chides Obama as a career politician whose policies have failed, not only in Ohio, but across the nation.
http://livewire.talkingpointsmemo.com/entries/romney-pens-open-letter-to-obama-in-ohio
Dear Mitt, the year you were born, 1947, the top tax rate was 85 percent. When you were 21, it was 75 percent.
In 2010, you made more than $20 million and paid 13 percent, much less than someone earning $100,000.
sharp_stick
(14,400 posts)Did you learn that while draft dodging in France?
denverbill
(11,489 posts)ProSense
(116,464 posts)throw in the capital gains tax rates too.
DreamGypsy
(2,252 posts)Top rate on regular income: 86.5%
Top rate on capital gains: 25%
ProSense
(116,464 posts)WI_DEM
(33,497 posts)Dear Mittens,
Bin Laden is dead and GM is alive. Unemployment is at a three-year low. The economy has been gaining jobs in the private sector for 28 straight months. Why would we want to go back to the policies that got us into the mess that President Obama inherited?
WI DEM
p.s.
Perhaps you should make a good will tour to all the countries where you store loot to evade US income taxes? I bet they would appreciate it.
DreamGypsy
(2,252 posts)I found an interesting census bureau publication The Changing Shape of the Nations Income Distribution 1947-1998 that was published in 2000.
http://www.census.gov/prod/2000pubs/p60-204.pdf
The document has detailed information about the years 1968-1998, including distribution of household income by fifths from lowest to highest and Men/Women income disparities.
aint_no_life_nowhere
(21,925 posts)If the idea is to bring corporate taxes and wages down to where they are in China in order to satisfy corporations and hope that they then create jobs here, we may as well become China. Why not just severely punish corporations that ship jobs overseas by taking away 95% of their money made both domestically and abroad when they do this and impose onerous taxes on CEOs making it impossible for them to live in the United States. Give them the choice of either leaving the United States altogether or trying to contribute to the society that has enabled them to profit so well. Without the U.S. market to buy their Chinese made products, they'd soon be playing ball. The taxing power can be used to change behavior. However with the Republicans, we can only use carrots to influence behavior but never the stick.