The Chronicle of Philanthropy tracks the average American donation rate at 4.7% of their income; the Obamas’ rate per their 2012 tax returns is 25%.
Mitt Romney has become the first candidate for President of the United States to ever refuse to attend the Presidential Youth Debate.
He is literally taking the food out of the mouths of the women and orphans which the Mormon church does in fact help, through their vast charity work.
Articles on the impact of the 2012 elections on our judicial system and health care policy, Paul Ryan’s reactionary budgets and bad debate performance, and how Mitt Romney dodges taxes and failed to be a bipartisan leader in Massachusetts.
Here’s how to recognize a false equivalence when you see one. NSFW if you have language considerations.
Mitt Romney doubles down on his out-of-touch image by reminding Americans of how the tax code is designed to benefit the rich.
I was beginning to think that the GOP had taken Citizen’s United very literally and decided to run a corporation as President.
What do conservatives think of Romney’s international gaffes? Will Rob Portman be the veep pick?
Joe Biden is quickly establishing himself as the sledgehammer of the Obama re-election campaign.
Recently, three important and somewhat overlapping articles have been published about the mysteries surrounding Mitt Romney’s estimated quarter-of-a-billion dollar fortune.
Recently disclosed tax returns for the Romney family trust show numerous trades in companies that conduct business in or with Russia, China and Iran.
What would Romney’s annual income mean for the average family? Since most people base their income on an eight-hour work day, 52 weeks a year, that’s what I’ll assume for Romney. There are 2080 work hours in the average year. That means that Romney earns over $10,096 an hour.
Romney paid a 13.9% tax rate on over $40 million earned through investments in 2010 and 2011, though Romney expects to be paying 15.4% for the 2011 returns. 13.9% is a minuscule number compared to the top rate, which is about 35%. Romney’s fortune comes from investments, which Romney doesn’t even manage himself. In other words, he didn’t earn money the way most Americans have to. He doesn’t even have to lift a finger.
During the GOP Debate in South Carolina on Thursday night, the audience booed Mit Romney after he danced around whether he would release 12 years worth of tax returns like his father did when he ran for President. Romney then tried to explain why he wouldn’t release his tax returns until after he wins the nomination. ‘Because I want to beat Obama,’ Romney stated.
