Amid the 47% Debate, Munis Are Looking Good
After the airing of Republican presidential nominee Mitt Romney's candid remarks about the 46.4% of Americans who pay no income taxes, we've seen expressions of outrage among liberals and restlessness among his supporters. Nevertheless, this subject -- the fact that just under half of Americans benefit big time from federal benefits, yet have no skin in the game (besides FICO taxes supposedly funding their retirement benefits) -- is worthy of discussion.
In fact, I'd even say this: Having brought it up, if Romney fails to use the event as a defining or teaching moment, not only will he lose in November but the U.S.'s tax code will also become even more progressive as a result of the gaffe and the ensuing debate....1126 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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