Wednesday, January 18, 2012

Romney says his tax bracket is 15%

Mine and yours range between 25 and 35 percent. What's wrong with this picture?
http://minnesota.publicradio.org/collections/special/columns/news_cut/archive/2012/01/mitt_romneys_tax_bracket.shtml


Image: Arvind Balaraman / FreeDigitalPhotos.net


Warren Buffet has said that his tax rate is lower than his maid's. Why? Because these guys live off their investments, which are taxed at 15%, while the rest of us working stiffs pay graduated rates on our earned income.

Of course, Mitt will pay the graduated rate on his estimated $375,000 in speaking fees. I guess we should all be grateful for that.

Those who, like President Obama, think the federal tax structure is a tad unfair, might be forgiven for holding such a view. You don't have to be a socialist to feel this way. Nor do I think it's correct to accuse critics of just being jealous.

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