Wednesday, January 25, 2012

Wal-Mart slaves pay more taxes than Romney

Left unmentioned during all the fuss and furor about Mitt Romney's 13.9% tax rate in 2010 is the fact that Wal-Mart slaves laboring for minimum wage pay a higher percentage of their income as taxes than Romney does. Yes, they don't pay *income* taxes, but they most definitely pay *payroll* taxes, which currently stand at 15.3% if you combine the employer portion and paycheck portion together, which you want to do if you're talking about taxes, as well as pay an average 9.7% sales tax on the percentage of their income that goes to non-shelter items, for an effective tax rate of around 20%.

So is it fair that Mitt gets to pay lower taxes for sitting around and letting his investment advisers move his money around than is paid by someone who works for a living? Uhm... do you need *me* to answer that question for you?!

-- Badtux the Snarky Numbers Penguin

1 comment:

  1. But, Badtux, you must remember that Mitt's lower tax rates create jobs... at least according to the rethuglicans. And those WalMart workers *could* have chosen to be born rich and/or could have decided to establish Bain Capital themselves. Of course, as Cheney once said, they could also make a good living selling things (kidneys, anyone?) on EBay.

    God, I hate republicans.....

    (BTW... captcha was CATingi... you cat-owned blogger, you)


Ground rules: Comments that consist solely of insults, fact-free talking points, are off-topic, or simply spam the same argument over and over will be deleted. The penguin is the only one allowed to be an ass here. All viewpoints, however, are welcomed, even if I disagree vehemently with you.

WARNING: You are entitled to create your own arguments, but you are NOT entitled to create your own facts. If you spew scientific denialism, or insist that the sky is purple, or otherwise insist that your made-up universe of pink unicorns and cotton candy trees is "real", well -- expect the banhammer.

Note: Only a member of this blog may post a comment.