Monday, August 20, 2012

Washington's Problem Is Spending, Not Taxes

Nolan Finley, Detroit News
The left is again aghast at the tax life of Mitt Romney, working up a lather about his revelation that over the past decade his income tax rate has hovered around 13 percent.That's brought out the well-worn denunciations of the unfairness of a tax code that permits filthy rich guys like Romney to pay proportionately less than their secretaries.There's absolutely no use trying to explain to these crusaders for justice that Romney pays 13 percent because 1.) He reduces his taxable income with millions in charitable donations, and 2.) His income derives primarily from capital gains on...

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