Skip to comments.Elizabeth Warren is worth $14 million but she says she’s not wealthy
Posted on 01/29/2012 6:15:36 PM PST by Starman417
Elizabeth Warren doesn't like the way Mitt Romney pays his taxes:
"And that is that Mitt Romney pays 14% of his income in taxes and people who get out there and work for a living pay 25%, 28%, 30%, 33%. I get it. Mitt Romney gets a better deal than any of the rest of us because he manages to earn his income in a way that has been specially protected for rich folks. I think that's wrong," Elizabeth Warren, a democratic candidate for U.S. Senate from Massachusetts said on MSNBC's "The Last Word."
In 2003 John Kerry paid an even lower rate than Romney.
In a bit of Democratic comeuppance for dinging Mitt Romney for how little he pays in taxes, Wonkblog published this chart of presidential candidates' tax rates. And wouldn't you know, John Kerry had a (slightly) lower tax rate than Romney does. In 2003, a year before running for president, Kerry's tax rate was 13.1 percent, versus Romney's at 13.9 percent in 2010. As Brad Plumer, who culled together tax returns to make his chart, explains, "John Kerrys overall rate is so low lower than Romneys, in fact because his return is getting lumped together with that of his (wealthy) wife, Teresa Heinz, who had a lot of investment income."
That didn't bother the painfully hypocritical Warren or her hypocritical democrats brethren back then. It's only a concern when a Republican fall in that group. Moreover, Romney paid more than he owed:
It appears that the return filed by that trust overstated capital gains realized by nearly $300,000, causing Mr. Romney and his wife to pay about $44,000 more in taxes than they owed.
Of course this would also be the year the NY Times notices the tax laws- but not back in 2003:
Mitt Romneys tax returns tell us some things about him. They tell us a lot more about the sad state of the tax laws in this country.
But it is Warren who absolutely waterboards the truth. On MSNBC Warren made the argument that member of the Senate shouldn't own stock.
[VIDEO AT SITE]
The rhetoric of class and inequality is back in force, and Massachusetts Senate candidate Elizabeth Warren -- the standard-bearer for a combative new progressivism -- made the case to MSNBC's Lawrence ODonnell last night that members of the Senate shouldn't own stock.
I realize there are some wealthy individuals Im not one of them, but some wealthy individuals who have a lot of stock portfolios" she told him.
She's not one of those "wealthy individuals"?
(Excerpt) Read more at floppingaces.net...
I’d like to try being not wealthy on half that. I’ll even go for a tenth of that.
She’s not wealthy because it’s OUR money! She did not earn that money by herself. She earned it off the sweat of OUR brow! GIMMEEE, GIMMEEE, GIMMEEE.
As far as i can see, she has an extremely short and unspectactular legal career. After that it’s all being a professor and a government worker.
14 million,,, interesting. I didn’t know teaching was so lucrative.
Everything and anything is lucrative when you get paid by the government. They had a story here in New york city a few years back of a NYC public school janitor who was making $300K a year.
I know many millionaires who are “poor” because they spend money like they are billionaires....that is no lie either. Seriously the more people make the more they spend. Perhaps this Warren person spends too much money. It happens to the best of them. She will take a look at her spending habits and try to change them. Happens everyday. Good Luck to her. I would rather have 50 grand a year and not be up to my eyeballs in debt than be a millionaire with tons of debt. God Bless this woman that she gets her act together.
maybe Congress should push to raise the Capital Gains tax rate to 99% to make the rich pay their fair share.
excellent! and with that... ALL investment capital and stock purchases would cease overnight
the money taxed by cap gains is money made from taxed earnings as profit from an investment
The list, Ping
Let me know if you would like to be on or off the ping list
and the MSM goes crazy when Mitt bets $10,000.....
This crazy witch lyin’ commie is the face of evil delusional progressivism.
wow that was intelligent. Lets see when Mitt earned the money as income he paid 34%, now that he has invested it he should payy 99% of those earning to the govt. Now thats the way to make him pay for his evil ways. How dare he make any wealth at all. Of course giving the money to the govt will fix everything. Hell chew you should run for office...hate to see you waste your talant here.
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