Romney vs. Reid Part XVI

More



Via David Graham, Romney offers the following rebuttal on his taxes:


I just have to say, given the challenges that America faces -- 23 million people out of work, Iran about to become nuclear, one out of six Americans in poverty -- the fascination with my taxes I find to be very small-minded. I did go back and look at my taxes and over the last 10 year I never paid less than 13 percent. I think the most recent year is 13.6 percent or something like that. I paid taxes every single year. Harry Reid's charge is totally false. I'm sure waiting for Harry to put up who it was that told him what he says they told him. I don't believe it for a minute by the way. Every year I've paid at least 13 percent, and if you add in addition the amount that goes to charity, why, the number gets well above 20 percent.

David adds up the numbers and concludes, on Romney's testimony:

...Romney pays a lower effective tax rate than 60 percent of Americans, and those who pay lower are the poorest 40 percent of the population. And that shows Romney's trouble, and why his answer is a bit disingenuous. For example: Mitt Romney mentioned in that very statement that he wants to stop Iran from becoming nuclear, and he wants to expand the defense budget, and that requires money. Meanwhile, Romney has voiced support for reforms proposed by his running mate Paul Ryan that would reduce federal spending on entitlements. Federal revenues matter to those things. While the amount Romney is paying to the IRS every year isn't the difference between solvency and not, it's not hard to see why people care about what wealthy people like him are paying.
Jump to comments

Ta-Nehisi Coates is a senior editor at The Atlantic, where he writes about culture, politics, and social issues. He is the author of the memoir The Beautiful Struggle. More

Born in 1975, the product of two beautiful parents. Raised in West Baltimore -- not quite The Wire, but sometimes ill all the same. Studied at the Mecca for some years in the mid-'90s. Emerged with a purpose, if not a degree. Slowly migrated up the East Coast with a baby and my beloved, until I reached the shores of Harlem. Wrote some stuff along the way.

Get Today's Top Stories in Your Inbox (preview)


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Miami: The Next Big Start-Up City?

How the city became a center for innovation

Video

Video

A Brief History of Romantic Comedies

From The Atlantic's Chris Orr

Video

Life in 'the New Arctic'

A moving portrait of a fading landscape

Video

Video

The Rise of New York City

A fascinating look at Manhattan in the 1940s

Video

What Is Methane Hydrate?

"Flaming ice" is a vast natural energy source

Video

NASA's Time-Lapse of the Sun

Now with epic dubstep music

Video

Shaken Not Tuned: Cocktail Experiments

Can a tuning fork improve a cocktail?

Video

Video

Is He Cheating? A 1950s Guide

'That little blonde secretary from the office?’

Video

New Yorkers: Vintage Vacuum-Tube Amps

Risking electric shock to restore old amplifiers

Video

The DIY Piano-Bicycle

Everybody needs a hobby

Video

What Does It Take to Make Real Craft Gin?

Tour the Green Hat Gin distillery

Video

Letter From the Editor

The June 2013 issue

Video

What Straights Can Learn From Same-Sex Couples

New insight from decades of research

Video

The End of the Mall Rat

A tribute to that pillar of teen culture

Writers

Up
Down

More in Politics

In Focus

Finland in World War II

From This Author

Just In