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What Romney's Tax Returns Mean

January 24, 2012 10:00 am ET
After refusing for years to release his tax returns, Mitt Romney finally disclosed his return for 2010 and a partial estimate for 2011 today -- confirming that he pays a lower tax rate than millions of middle class families and has used offshore accounts in the Cayman Islands. Yet under his own tax plan, he'd cut his own taxes and ask regular families to bear more of the burden.

CORE MESSAGE

America was built on rewarding hard work more than wealth -- Romney's tax returns show just how backward things have become.

Connect: America was built on rewarding hard work more than how much money anyone's family has. 

Define: Mitt Romney's tax returns show just how backward things have become: money that millionaires like Romney make off the money they already have is taxed lower than a paycheck earned from working in a job.

Illustrate: Romney has paid less than a 15% tax rate, used offshore accounts in the Cayman Islands, and even had a Swiss bank account.

Discredit: Middle-class families shouldn't pay higher taxes than millionaires. But Romney's fighting to cut his own taxes in half and shift the burden to working families.

Look ahead: Romney may think we're just jealous, but working Americans who pay higher tax rates than he does deserve to see what else he's hiding.


Tweet: Is Mitt hiding the rest of his tax returns on the advice of his lawyers? Shld follow Dad's advice instead. http://bit.ly/wPXOts


WHAT YOU NEED TO KNOW



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Posted in - Taxes - Economy - 2012 Elections

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