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Romney Camp Saddened $100,000,000 Retirement Fund To Be Taxed At Rate Paid By Plebes

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Hey, Mittster, why the long face? What? Your retirement account holding somewhere between $21 and $100 million will be taxed at the same 35 percent ratethe rest of us pay, instead of the 15 percent rate for "job creators"? THOSE FUCKERS! How do you even live??? ThinkProgress noted this peach of a story in The Wall Street Journal, which is mostly about funny ways Bain Capital made like 500 percent gains on its employees' IRAs or something, so what who cayuhs, but it does also have this golden nugget:


One news item, cited approvingly on Mr. Fleischer's blog, said Mr. Romney didn't appear to be engaged in an aggressive strategy to use charitable contributions of stock to lower his taxes. Mr. Romney gave $4 million to charity last year, exceeding his tax bill.

Yeah, haha, we almost forgot that Romney is paying $6 million in taxes on $45 million in income (that's two years' worth). Don't know why we would forget something like that; it's not like he doesn't keep trying to remind us. Anyhoo, learn something about real sadness, in the form of Romney's IRA tax problem, after the jump!

Documents analyzed by the Journal show that Mr. Romney co-invested in Bain deals via his IRA, although they don't show whether he used the special share class to direct more of his gains into the tax-deferred account.

In any case, swelling the IRA to the size Mr. Romney's reached has "created a tax problem" for the former Massachusetts governor, said a Romney campaign official. Tax-law changes since Mr. Romney's Bain tenure mean that long-term capital gains in regular accounts now are taxed at 15%. But IRA gains are taxed at ordinary-income rates upon withdrawal, which for Mr. Romney, under current law, would be 35%.

"Who wants to have $100 million in an IRA?" said the campaign official.

Who indeed? More importantly, will Mittens FIRE whomever forgot to let him pay less than half of what your friends and neighbors do? We got a fin says "yes."

[Wall Street Journal, via ThinkProgress]

Rebecca Schoenkopf

Rebecca Schoenkopf is the owner, publisher, and editrix of Wonkette. She is a nice lady, SHUT UP YUH HUH. She is very tired with this fucking nonsense all of the time, and it would be terrific if you sent money to keep this bitch afloat. She is on maternity leave until 2033.

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Today we are having a Very Serious Conversation about how liberals are very uncivil and mean and terrible and vulgar, because a restaurant in Virginia very nicely asked Sarah Huckabee Sanders to GTFO, due to how she is an atrocious liar who works for a fascist. (The restaurant comped the cheese plates that had already been served.) Meanwhile the president is threatening 79-year-old black congresswomen on Twitter and ripping babies away from their parents and just generally being a fascist. BOTH SIDES DO IT, ISN'T THAT RIGHT, VERY SERIOUS PUNDITS?

Point is, Sarah Huckabee Sanders is doing her first White House press briefing in a week, assuming she doesn't wuss out like she always does. Will she lie? Will she cry? Will she be a sack of shit like she always is? Most importantly, has she managed to find a meal since she was kicked out of the Red Hen? We certainly hope she's managed to find a Chick-fil-A or something, as we wouldn't want Our Sarah to be forced to give a press briefing while hangry.

Let's liveblog and see what a foul asshole SHS feels like being today:

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Last week, Nicole Arteaga of Peoria, Arizona received the devastating news from her doctor that her baby's development had stopped and that pregnancy would end in a miscarriage. Given the option of either a D&C or prescription medication, she chose to go with the prescription. Then, like all normal people do when they get a prescription, she went to a pharmacy to have it filled.

Unfortunately for her, Brian Hrenuic -- the pharmacist at the Walgreens she went to -- refused to give her that prescription, because he opposed it on "moral grounds."

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