income tax

"Maybe"

Over the course of the campaign, Romney assured the American public that his financial disclosure forms told the full story about his finances. Now we know they didn't -- when he released his 2010 tax returns, he was forced to amend those forms to include his offshore accounts in the Cayman Islands, Bermuda, and Switzerland. Mitt Romney wants Americans to "just trust him" when he hasn't been forthcoming in his disclosure forms and his running mate, Paul Ryan, has proposed a plan that would reduce his tax burden to less than one percent, while raising taxes on middle class families by an average of more than $2,000? Mitt Romney should come clean with the American public, explain what he's hiding and why he thinks it's fair that middle class Americans should pay far higher tax rates than he pays now and what he would pay under Paul Ryan's plan.

The 7 biggest lies about the economy.

1. Tax cuts for the rich trickle down to everyone else. Baloney. Ronald Reagan and George W. Bush both sliced taxes on the rich and what happened? Most Americans’ wages (measured by the real median wage) began flattening under Reagan and have dropped since George W. Bush. Trickle-down economics is a cruel joke.