So let me get this straight. Presidential candidate “R” paid 12 times as much in taxes as presidential candidate “O,” and 13 times as much in charitable contributions. Between taxes and charity, “R” paid more than $4 million. And the notion is that he hasn’t paid his “fair share” because his tax rate, as a percentage, is lower?
Let’s put aside for a minute that “R” earned his money from investments — meaning he put it out there with risk of loss — and that his invested money contributed to our overall economy, likely creating and supporting jobs.
Forget all that. What I want to know is why is the percentage you pay in taxes considered to be the standard for “fair share”?