Mitt Romney releases a public letter to the "American people" regarding his finances and taxes [View all]
The following is an excerpt from a public letter from Mitt Romney regarding his finances and taxes. January 19, 2012
A Letter from Mitt Romney
About My Finances
January 19, 2012
Dear American People:
Over the past several days, my personal finances have been distorted into a grotesque caricature by the mainstream media, pundits, and other people who can count. I am writing to you to set the record straight by explaining my finances in terms the American people can relate to.
Lets say you bought a bottle of Chateau Lafite Rothschild 1982 for $5,000. A couple of years later, what do you know, you sell that same bottle for $10,000. So you just made a profit of $5,000 through your own hard work. How much of that should you pay to the government? Id say fifteen percent.
Now lets say you have a fellow mowing the lawn at your 7,000 square foot home in La Jolla, and he turns out to be an illegal. You say, No way, Jose (Jose is actually his real name) and send him packing. He doesnt deserve his full paycheck, since he lied to you in Spanish, but it wouldnt be fair to give him nothing, either. So you pay him fifteen percent.
Now lets pretend the United States of America is like one big restaurant. Not a fancy restaurant, mind you, but one that only gets two Michelin stars. And lets say that you order a meal of Beluga caviar, white truffles and gold shavings, washing it down with your favorite beverage, Chateau Lafite Rothschild 1982. The bill arrives and its quite a hefty one for a working stiff who only made $375,000 last year in speaking fees. (Thats right: minimum wage.) So when it comes to toting up the bill, how much should I tip the waiter, who in case youre having trouble following this metaphor is the IRS? You got it: fifteen percent.
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