First of all, Romney released his tax returns for 2010 and we learned that he made $21.7 million. I think a more helpful way of grasping a number that big is to say that he made just shy of $60,000 a day 7 days a week. And every penny came from capital gains, dividends and interest on investments. Not bad for a days "work," huh?
Let me remind you, its not that Mitt's net worth is almost $22 million. You'd have to multiply that number by a little over 10 to get there. Its that he pocketed almost $22 million in 2010 during a year when the rest of the country was still reeling from the great recession.
That folks, is how income inequality has been created in this country...if you have money, you can make money - LOTS OF IT!
But here's the second thing we learned: Under Gingrich's tax plan, Romney would pay no taxes...as in zero - nada.
Even Mitt seemed a little taken aback by that in the debate last night.
So the idea that Mitt pays a lower tax rate (14%) than someone making in a year (25% on $60,000) what he makes in a day is just not good enough for Newt. He thinks Mitt shouldn't be paying anything at all...amazing!