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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