Harry Reid heard Romney didn’t pay taxes for like 10 years

Harry Reid meets with a reporter from the Huffington Post.

The Senate Majority Leader noticed a hole in our politico-media system yesterday, and he exploited the hell out of it. In an interview with the Huffington post, Harry Reid said he had spoken to a former Bain investor who said Mitt Romney “didn’t pay any taxes for 10 years.” Of course, Reid couldn’t say who the investor was or how said investor ran across a decade’s worth of Romney’s tax returns, just as he couldn’t say that the allegation was true. But he could say some other stuff:

He didn’t pay taxes for 10 years! Now, do I know that that’s true? Well, I’m not certain. But obviously he can’t release those tax returns. How would it look? You guys have said his wealth is $250 million. Not a chance in the world. It’s a lot more than that. I mean, you do pretty well if you don’t pay taxes for 10 years when you’re making millions and millions of dollars.

In keeping with its code of ethics, The Huffington Post published that stuff immediately.

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US democracy enjoys healthy rental market

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.

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