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Mitt Romney, Member Of 0.01%, Says $374,000 Is "Not Very Much"
By
Christopher Robbins
Published Jan 17, 2012
Modified Jan 17, 2012
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By
Christopher Robbins
Published Jan 17, 2012
Modified Jan 17, 2012
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Though it's no secret that Mitt Romney's income is made up of residual Bain investments taxed at the low rate of 15%, the candidate admitted it this morning at a campaign stop in Florence, South Carolina. “It’s probably closer to the 15 percent rate than anything,” Romney said. According to the Times, he also loses his speaking fees in the cushions of his couch. “And then I get speaker’s fees from time to time, but not very much.” Yeah, what's $374,327, or nearly 14 times the per capita income of Americans?
15% is also considerably lower than what Romney told last night's GOP debate moderators what his ideal maximum tax rate would be: 25%. He also repeated last night's "wait until I'm definitely the nominee before you can see my tax returns" line: "I know that if I’m the nominee, people will want to see the most recent year, and see what happened in the most recent year and what things are up to date and so they’ll want to see the tax returns that come out in April."
They might also want to see a handwriting sample...
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2012 election
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Christopher Robbins
Christopher Robbins is a New York City reporter covering transportation, affordable housing, local politics, and criminal justice. His work has also appeared in New York Magazine, The Village Voice and The New York Times. Chris is a graduate of Patrick Henry High School in Roanoke, Virginia, and enjoys biking to Fort Tilden in the summertime.
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Gothamist is funded by sponsors and member donations
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