The news media breathlessly awaited the release of Republican presidential hopeful Mitt Romney's 2010 tax returns. But now that the returns have been made public, they paint a different picture from the "greedy fat cat" portrayal of Romney.
It is certainly true that former Massachusetts Gov. Romney has been a successful businessman, and his investments earned him more than $21 million in 2010. No one should begrudge him that income, however, because there is no indication that he earned it illegally or unethically. So long as income is earned honestly, it is contrary to America's free-enterprise values to dictate just how much is "too much."
Romney paid about $3 million in federal income taxes -- or around 14 percent. But it is noteworthy that he also made charitable contributions totaling $3 million. Are those the actions of a "greedy fat cat"?
Some are criticizing Romney for paying "too low" a tax rate. But we would point out that, with Romney never having served in Congress, he obviously did not write the tax code that set the rate he pays. His tax rate is an argument not for bashing him, but for replacing the ridiculously complex tax code with a simple, low, fair flat tax.
You may or may not want Romney to be president, but if his tax returns reveal anything, it is that he is a charitably minded, successful businessman and investor. Whatever reasons there may be to oppose Romney, his tax returns aren't one of them.
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