Mitt Romney Made $45 Million Over the Last Two Years Doing Literally Nothing at All
Rich asshole Mitt Romney released his 2010 tax returns and an estimated return for 2011 this morning. Together they total more than 500 pages, because purposefully structuring your wealth so as to maximally exploit the massive tax loopholes you have lobbied for over the decades is very complicated. The topline: Romney made $45 million in 2010 and 2011, almost exclusively from sitting there and watching his investments belch out money. He paid a tax rate of 13.9%. According the IRS, the 400 wealthiest Americans paid an average tax rate of 16% in 2008. Way to shave off those pennies, Mitt!