Mitt Romney, whose 2010-2011 income came almost entirely from capital gains.
During a flashback in the episode of The Simpsons where Homer and Grandpa enjoy brief success selling a homemade aphrodisiac, child Homer says he hopes to someday be President. “Son,” his father says, “this is the greatest country in the world. They’ve got a whole system to prevent people like you from becoming President.” We are now in the first presidential election year since Citizens United v. FEC, and the richest man ever to run for that office has been goaded into releasing his tax returns. In 2010, Mitt Romney received an adjusted gross income of $26 million—approximately 500 times what I made. He paid a federal income tax rate of 13.9%, around four points lower than what I paid. In Romney’s defense, almost all of his income came from investments and his inheritance, whereas my income came from wage work, which is taxed at a higher rate. In my defense, fuck Mitt Romney and the federal corporatocracy he hopes to captain.