Sally Kohn in Salon unpacks Romney’s “47 percent” crack, and what it means, specifically, to the Republican Party and their wealthy benefactors:
Now, what’s interesting is that, while complaining that poor people don’t pay enough in taxes, conservatives also complain that the wealthy pay too much. They do this by focusing on the absolute dollar amount paid, as opposed to percentage. So, for instance, when Warren Buffett states that he pays lower taxes than his secretary, conservatives protest. Buffet pays far more in actual dollars, they argue.
Which is, of course, true — 1 percent of $1 billion is $10 million whereas 40 percent of $100,000 is only $40,000. In absolute dollars, sure, the billionaire is paying far, far more than the middle-class family, let alone a poor family. Yes, conservatives are right, the top 10 percent of Americans pay more than half of the nation’s total tax revenues — but that’s because the top 10 percent enjoy more than half of the nation’s income. And that gulf of inequality is only growing.
But does anyone really think the richest of the rich should pay an effective 1 percent income tax rate while the middle class pays 40 percent?
Oh wait, right — Mitt Romney and Paul Ryan think that’s a grand idea! Under Paul Ryan’s budget plan, which Mitt Romney endorsed, taxes for the middle class would go up while tax rates for millionaires and billionaires would be slashed to unprecedented lows. And under this tax plan Mitt Romney, who currently pays a less-than-fair share of 15 percent would pay just 0.82% percent in taxes.
In other words, it appears Mitt Romney isn’t angry that desperately poor people don’t pay taxes — he’s jealous!
The rich work hard at wanting more. And with the GOP, that hard work always pays off.