Romney and his Tax Returns : The New Yorker - 2 views
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Sabrina Rosenfield on 24 Sep 12This is an article about the release of Romney's tax returns for 2011, and whether or not he is being completely honest in saying that he paid 14.1% because he can go back later and get returns for his charitable donations. He argues that not doing so would discourage people from donating. I'm not sure about this quote, "As was widely noted, Romney has also said that he considers claiming every possible legal deduction an ethical test, with rather distinctive terms: if you pay any more than you really, really must, you have failed." I think that for many Americans, this is completely true, but for someone with such a high income, it seems unfair. But isn't fairness the same thing for everyone? What do you guys think?
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Savannah L on 02 Oct 12Sabrina, Let's look at this another way. If Romney made $13.7M in 2011, and donated $4M of that to charity, and also paid 14.1% (or < 13%)... he, in effect, only kept 57% of his income. He gave 13-14% to the government, and another 30% to charities -- hardly reprehensible behavior? He is able to more effectively do "good" with his money by giving it freely to those he feels deserve it can those that can be good stewards of the money. Clearly the President has NOT been a good steward of funds, just look at Solyndra and Beacon Energy. I don't know about you, but I would rather my money go to charities close to my heart rather than sham entities that sit there and waste billions of dollars of taxpayer dollars, like Solyndra and Beacon. The tax system is not perfect at all but it does encourage behaviours that are beneficial to society. Why does it matter so much what Romney paid in taxes? Shouldn't we focus on what he gave away to others than to a fiscally irresponsible government?
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Sami Perez on 04 Oct 12I agree that the actual numbers of what Romney paid in taxes is somewhat unimportant, but symbolically it represents an ethical value that I've noticed in Romney's policies and beliefs. The Urban School recently had a visitor, a professor of economy, who informed us that the president him/herself does not actually have that much control over the economy as it is determined mostly by the private sector of the market. The president can, however, influence the economy through tax policy, and if Governor Romney is unwilling to pay his contribution to the system, which, as Abby said, is what we do to insure that "all opportunities are made possible," he seems to be implying something about how much the upper class should be paying. I realize that is just an opinion, but if you don't agree I hope you can at least understand my belief that all individuals/families, rich or poor, deserve to at least get an opportunity to make their lives more successful. Although the government may not have the power to fix the economy and everything themselves, they can at least provide that opportunity for the American citizens. A hard laborer with minimum wage may be working hard not smart, but that does not mean they don't have the potential to work smart. I believe that as Americans we should make sure that they can fulfill that potential.