Romney's Tax Returns Would Prove He's not just the candidate of the 1% but of 0.001%

[kpete]

If he releases his tax returns Romney runs the risk, in the current climate, of revealing just how rich he is. For the record, according to Wealth-X, he's one of the 10 richest people to run for president in the last 20 years. His net worth of $250 million makes him the third richest person to seek the oval office, after Ross Perot (#1) and Steve Forbes (#2).

Romney's wealth makes him one of the 3,140 wealthiest people in the country — that's the richest 0.001 percent of Americans. So, he's not just the candidate of the 1 percent, but the candidate of the 0.001 percent.

Releasing his tax returns would just confirm to many American voters that Romney got rich by practicing the very brand of vulture capitalism Buffet criticized, which is exactly what Newt accused him of.

Unfortunately for Romney, I think all of this is already but confirmed for a good many Americans.

More:http://www.ourfuture.org/blog-entry/2012010213/palin-advises-romney-bain

[LiberalFighter]

1. And likely paid very little in taxes compared to the income he received.

[kentuck]

2. I heard somewhere that there are only like 3100 people in America...

with more money than Mitt Rmoney. I suspect it is true. He may be wealthier than anyone knows and that is why he refuses to divulge his income taxes.

[subterranean]

3. But his tax return wouldn't show his total net worth, would it?

It would just show his income for the most recent year. He seems to have been campaigning full-time, so I would guess most of his recent income came from investments. One thing his tax return might show is that he paid a lower tax rate than the average middle-class working American. Could that be why he's reluctant to release it?