Reply to Romney Paid 13.9% Tax Rate on $21.6 Million in Income.

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[quote=jsteele][quote=Anonymous][quote=Anonymous][quote=jsteele][quote=Anonymous]kerry pays a lower rate than romney. On another note remember when everyone thought hillary was a sure bet for the nomination? I am seeing deja vu on the republican side. Exciting vs drab (Obama vs Hillary) (Newt vs Ronmey)[/quote]

Kerry's wife pays a lower rate than Romney. Kerry and his wife file separately and Kerry pays a considerably higher rate. Common sense would tell you that Kerry has a salary and, as such, couldn't get away with a 15% rate. Regardless, Kerry was criticized for his wealth and portrayed as being out of touch. Plus, he lost.

In the immortal words of Barney Frank, I haven't lived a good enough life for Gingrich to be the Republican nominee. 
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[img]http://cdn.theatlanticwire.com/img/upload/2012/01/24/presidential20tax20rates20FINAL/large.jpeg[/img][/quote]

And I would bet dollars to donuts that Romney paid a much lower rate in prior years.  He closed down his shelters partway into 2010.[/quote]

That data used here is simply wrong.  Kerry's tax rate was not 13.1. As I said before, this would be obvious if you simply used common sense. He receives a Senate salary which is close to $200,000. That is ordinary income. Kerry's wife is more in the Romney camp in the sense that her income is mostly not wage income and, hence, taxed at a lower rate. To get to 13.1, people are averaging Kerry's rate with his wife's rate. But, they file separately, so that is misleading.

But, both Romney and Kerry are playing by the rules as they exist today. The problem is not that they play by the rules, the problem is with the rules. Romney wants to make the rules even worse. Kerry wants to make the rules more equitable. That is the issue.
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