RE: Mitt Romney income calculator
January 25, 2012 at 11:42 pm
(This post was last modified: January 25, 2012 at 11:56 pm by reverendjeremiah.)
In 2010, Mitt Romney made $50000 in 20 hours 13 minutes and 13 seconds.
It would take you 433 years 2 months 21 days 23 hours 28 minutes and 7 seconds to make what Mitt made in 2010.
Thats how much I get on a good year...here lately the years have been shitty.
3 mill is probably the maximum charity allowance for the income he makes
Sure...and if milk was $5,000 dollars a gallon I would say he was generous as well.
...that isnt the case.
It would take you 433 years 2 months 21 days 23 hours 28 minutes and 7 seconds to make what Mitt made in 2010.
Thats how much I get on a good year...here lately the years have been shitty.
(January 25, 2012 at 5:41 pm)Tiberius Wrote: I read somewhere that he donated 3 million to charity that year. That doesn't sound like a "greedy" person to me.
3 mill is probably the maximum charity allowance for the income he makes
(January 25, 2012 at 5:51 pm)Tiberius Wrote: A drop in the bucket or not, it was 14% of his entire income, not including tax. So despite him paying around 15% in taxes, he donated roughly the same amount to charitable causes. I don't know about you, but I wouldn't be able to donate 14% of my salary to charity and still pay the bills.
Rich? Yes. Under-taxed? Possibly. Greedy? Not by any definition.
You should also note that his main source of income is investments. Investments only work as a source of income if you re-invest. Who knows how much of the 70% he paid into companies and projects that helped create jobs, and ultimately feed families? You can't just take one look at the income figures of a rich man and assume every single cent was used on himself and his family.
Sure...and if milk was $5,000 dollars a gallon I would say he was generous as well.
...that isnt the case.
