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posted by Meagan Frye in Money / Career

Does income determine your vote?

January 24, 2012

 Will income really determine your voting preferences for the upcoming presidential election?

With Romney releasing his tax returns today, everyone is buzzing about his low tax return.  He reportedly acquired an estimated 21.7 million last year, and his tax return was 14%.  In the debate just last night, he said that everything he did was completely legal.  While this is not the issue, of course he remained within the legality of the system, many are concerned with the fact that it was legal.  But isn’t this what free market capitalism is all about?  Should we negatively judge a candidate based on their income?  Romney is the 1%, but he did nothing illegal to achieve this success.  Some say Obama pays an effective rate 10% lower than what is mandated for his income bracket, so should this be an issue that needs to be raised?  I think there are more important issues that should be the focus on debate rather than income.  In order to run a presidential campaign (or two), one has to be wealthy.  I am not defending Romney in any respect, I am only raising the issue that if we live in a free market economy that encourages all Americans to strive to be as successful as they possibly can be, why is this issue of income even relevant? 

 

 What do you think about this issue?

Are tax returns a relevant factor of concern?

 

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