“What’s the effective rate I’ve been paying?” Romney began. “Its probably closer to the 15 percent rate then anything, because the past 10 years, my income comes overwhelmingly from investments made from past rather than ordinary income or rather than earned annual income.”
Translation: He’s living off his investments, not off a salary from a job. Coolio. Moving on.
“I’ve got a little bit of income from my book, but I gave that all away, and then I get speakers fees from time to time, but not very much.”
Aw! The Rom gave away proceeds from his book? Sweetest! And he speaks to people for money — but not a lot of money! It’s enough just to connect to the people, probably.
But just to be sure, HOH decided to click over to Romney’s latest financial disclosure forms to see how much money wasn’t “not very much money.”
For the nine speaking engagements he declared on his 2010 financial disclosure form — from February 2010 to February 2011 — Romney pulled in well over $300,000 in speakers fees alone.
Just for fun (and because we’re a couple of stinkers), we decided to see how much normal people pulling in more than $300,000 a year pay in taxes. Ready? Drumroll please...
Normals pulling in the same amount of cash money Romney did in his 2010 speakers fees will pay 33 percent to 35 percent in income taxes.
United We Dream protesters carry a mock coffin to the office of Sen. Ted Cruz, R-Texas, in the Dirksen Senate Office Building on Monday, July 21, 2014, to hold one of their "funeral services for the Republican Party" due to GOP positions on immigration. The immigration reform group visited several other Senate Republican offices to hold similar funeral services.