Photo Credit: CNN Money
We put the question to our message boards: “Do you have any feelings about Mitt Romney’s annual income for 2010, and the less-than-15-percent tax rate he paid?” and got an interesting glimpse at how American women feel about Romney’s controversial 2010 tax returns.
Some recognize Romney’s life of privilege but question whether it qualifies him to lead the nation:
“The most positive comment I can make: Romney wouldn't be likely to peddle his power for the sake of personal gain. But he hasn't been attuned to how the 99% live.” And “[Romney] seems to think…that we should understand him rather than vice versa.”
“It isn't a matter of how much he earned, it’s a matter of our tax law being inadequate. His effective tax rate should be 2.5 times what he actually paid.” And “Mitt had a huge advantage over, say, many other Harvard grads, since not everyone has a parent who was a governor of a major industrial state and who once ran for the presidency. Believe me, he had connections that got him in doors many others would find locked.”
“2010, he made $7.4 million from carried interest. It wasn't generated from income that he had already paid tax on; it was compensation for managing investments of other investors, and it's taxed at the capital gains rate. In my upper middle class job, it's called profit sharing and it's taxed as ordinary income. It's legal and inequitable.”
“Romney may have made a boatload of money, but what he did to earn it would be soul-killing for a large segment of our society. I don't envy him nor do I admire him as I don't think what his job was is very important, nor do I think it deserves such obscene pay. I do question his parking his money in offshore accounts.”
“It's my knee-jerk reaction to say that he couldn't possibly represent the average American. He makes more in ONE day than I make a year -- by far -- so how could he be in touch with our realities?”
Others just don’t see what all the fuss is about:
“I can safely say that I've never thought any of our most successful politicians have ever known what a grocery store bill looks like. I remember all the hoopla about Edwards’ stupid haircuts. Now, the shoe is on the other foot. How silly. I'm ready for someone with a good business mind.”
“He earned a lot of money. He donated a lot of money. He followed the law. I'm dumbfounded that there seem to be a lot of people in our country who are frowning on someone for earning a lot of money. That is what our free market is about...earning a living and passing on that money through purchases, investing, donating.”
“I say cool, more power to him. He is not President (yet) and he did not make the tax system. He is simply using it as it is now. I personally would take any tax break that I am legally able to, especially if I am already giving that many millions to charity.”
Where do you stand? Visit our Moms & Politics board and add your voice to this hot debate!
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