When the Democrats aren’t cheating on their taxes like Charlie Rangel or forgetting to pay them like Timothy Geithner, they’re busy lambasting Republicans for actually paying theirs–albeit at a rate unsatisfactory to them.
In yet another fantastic display of hypocrisy, the liberal mainstream media spent the week attacking Governor Mitt Romney for having a 15% tax rate. Since the media is loath to engage in any actual investigative journalism when it comes to the Democrats, I decided to do a little of my own. Here’s what I found.
Start with Senator John Kerry who is among the 400 richest Americans thanks to his wife, Teresa Heinz Kerry’s, inheritance. Their last publicly released tax returns in 2003 revealed that they paid a rate of 13.4% on a declared income of $5.5 million. This from the man who, just last year, tried to avoid half a million dollars in taxes by anchoring his yacht in Rhode Island rather than Massachusetts. Estimates pin Kerry’s net worth somewhere between $700 million and $3.2 billion compared to Romney’s lower net worth of $202 million.
Take a look at former Vice Presidential Candidate John Edwards’s 2003 tax returns, and you’ll find that he paid an astonishingly low rate of 5.1%. Seems a bit low for a man with a net worth hovering around $54.7 million.
But, of course, Kerry and Edwards’ income tax rates were protected under lock and key by the mainstream media during the 2004 presidential race against President George W. Bush. Speaking of Bush, you’ll also never hear anyone mention the fact that he paid a rate of 27.7% in the same year.
Tax rates aside, in yet another attempt to make something out of nothing, the media has been reporting relentlessly on Romney donating millions in cash and stocks to the Mormon Church, as if tithing to one’s church is somehow a negative. Thanks to donations like Romney’s, the Mormon Church is able to sustain a large philanthropic network and send young men on two year missions that provide extensive humanitarian aid to a countless number of people in need. If you call that bad, I’d hate to see what you call good.
This much I can assure you–Romney’s millions donated to the Mormon Church did far more good than the $353 Al Gore gave to charity in 1997 or the $0, $820, $175, $2,039, and $0 Senator Kerry gave between 1991 and 1995. Contrast that to the $28,236, $31,914, and $31,292 George Bush gave between 1991-1993 when he was a mere private citizen. That is the real story that you will never hear.
Instead, you will hear report after report on Romney’s tax rate and his donations to the Mormon Church. You’ll hear about how the Democratic Party is the party of the little man, and the Republican Party is the party of the selfish, rich fat cat. That’s what the Democratic Party and the mainstream media want you to believe.
So before you buy into the Left’s big tax fable like the Occupy Wall Streeters did, take a good hard look at what you’ll never see reported–the facts.