Class Warfare

Tax paid is more important than Tax rate

During a recent CBS 60 Minute TV interview the Anchor looked at Gov Romney with a “You are disgusting” sneer and asked:

“If your income is twenty million a year you pay a 14% tax rate. If somebody earning $50,000 a year pays a higher rate, do you think that is fair?”

IT”S NOT THE RATE THAT IS IMPORTANT-- IT IS THE AMOUNT PAYED!

To foster Class Warfare and perpetuate the medias bias for Obama’s position that the “Rich” should pay more, the TV Anchor conveniently forgot to state that Romeny’s actual tax payment, at the of 14% rate, on the twenty million Capital Gains, would be $2,800,000, (that is two million, eight hundred thousand) He also forgot to mention that Romney would have also paid income tax on the income that allowed him to invest and make a capital gain.

If the downtrodden “somebody else” tax rate is 28% (double Romney’s “rate”) the tax paid on $50,000 regular income would  be $14,000 (that is fourteen  thousand)..

Romney’s tax, paid in dollars, would be 200 times that paid by the person with the “higher rate”!

I hope you see the deception.

I know all the zeros may be confusing but I’m sure you can see how a biased media can use numbers to create misinformation to smear those they do not support.

 Below are my previous blogs that describe the scurrilous, deceptive use of numbers, used to promote political positions, and to create class envy, hatred and class warfare:

The Buffet Rule is BS        April 25, 2012

Gasoline Price                    April 12, 2012

            This is interesting because the government demonizes huge companies with huge sales by           using the huge profits in dollars while not stating the low profit margin as a percentage   (Oil company profit margin reportedly is 4%).

Government Math               Feb  26, 2012

      

The Media interview that prompted this blog was partially included in an Obama TV add.

The add producer edited the interview response by Romney, furthering the deception.

 Please do not believe everything you see or hear from the media and blogs (including mine!).  Investigate, talk to others and be informed.

Also, emulate, don’t hate the successful.

As my son likes to say, “Get a glove and get in the game.”

If you don’t, soon there will not be a game.