Mitt Romney is Doing Pretty Well For Himself

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Mitt Romney has released his two most recent tax returns:

Mitt Romney offered a partial snapshot of his vast personal fortune late Monday, disclosing income of $21.7 million in 2010 and $20.9 million last year — virtually all of it profits, dividends or interest from investments.

That’s pretty impressive. Not the fact that Romney paid a 13.9% tax rate on this haul — we already pretty much knew that. No, I’m talking about the fact that he made $21 million each year. Most public reports put Romney’s wealth in the neighborhood of $250 million, which means he got a return of about 8.4% both years. That’s a real return of around 7% during a generally slow-growth period when most people are scrounging around just to find safe investments that pay a point or two more than treasuries. When it comes to managing big pots of money, it looks like Romney hasn’t lost his old magic.

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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