Each time Barack Obama and his supporters sniff disdainfully at the 14% of his income that Mitt Romney paid in taxes, I want to shout at them to acknowledge the obvious: Romney does not have earned income.
In the private sector, companies expect their employees to come to work every day. Romney isn’t gainfully employed, because he has spent the past two years campaigning for office. Of course, Barack Obama has spent the past three years campaigning. He has missed important security briefings and delegated most of his duties to others. He does very little actual work and campaigns on the taxpayers’ dime. If you or I tried that, we would have to use up all our vacation days and then take time off without pay — assuming that our employers would be willing to keep us on the books (and the benefits) while we are off job hunting.
Romney paid a higher tax rate when he was working and earning an income. He pays plenty now on his investment income (the principal of which was already taxed at earned-income rates). More important to me than his 14% tax rate is the fact that he has chosen to give away nearly 30% of his income to charities and causes he believes in. He has created jobs throughout his career, and he has given failing companies a second chance. He is, in fact, a great example of how the private sector should function.