Friday, August 17, 2012
In a post this morning, we discussed Mitt Romney's declaration that he has paid at least 13 percent of his income in federal income taxes in each of the past 10 years. The post probably left the impression that we disapprove of such a low rate, and that we blame Mr. Romney for paying so little. While we believe that those with incomes at the very top of the scale should pay substantially more in taxes, there is no evidence that Mr. Romney has done anything other than to meet his legal obligations. And if that is what he has done, then no blame should attach to him. The blame belongs to us, for allowing such a situation to exist.