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so you are making over 175K or so a year with not many deductions?
doesn't matter how much money he paid if he is still paying a less % than many Americans. If I say earned $60k in a year and got taxed 18% I have sacrificed more for taxes than Romeny and have far less to spend on my family than he does!
State taxes would be negligible for mitt because almost all of his income is probably in cap gains.
but he paid millions compared to what you paid less than 10,000 for and he received absolutely no additional benefits
There are things known as "Indirect" benefits...
And just a follow up question. How many people paid more than $3,016,300 in the final dollar figure?
I pay in about 30% in taxes and I don't get paid squat!
...The bottom 20% of the income range pays an average of 16.2%
The average American pays 27%
Even most people in the top 1% pay 30%
Romney pays 13.9%
http://www.ctj.org/pdf/taxday2011.pdf
Between state and federal, virtually everybody that isn't super wealthy, who isn't living off investment income only, and who doesn't have serious heavyweight tax attorneys and accountants finding every possible loophole pays a higher effective rate than Romney. He pays amongst the lowest effective tax rates in the country.
The bottom 20% of the income range pays an average of 16.2%
The average American pays 27%
Even most people in the top 1% pay 30%
Romney pays 13.9%
http://www.ctj.org/pdf/taxday2011.pdf
there you go with your lies again
that 16% rate of the bottom 20% is based on all taxes and ASSUMES lots of things
the thing you cite is a SOROS funded far left propaganda site
that tends to be a term for wanting to try to claim he gets more when there is no proof. He actually probably uses less
are you just talking about Federal income taxes?
somehow, effective & marginal tax-rates are getting confused.
Not more than a person that pays less... just more than you are claiming that he gets. He gets an indirect benefit by helping others get better education, by increasing the strength of the military to protect his interests, by creating a better standard of healthcare for millions... etc.
that is not a basis to justify higher taxes. its like saying my law firm gets the indirect advantage of me going to a good law school and that benefit is more than the one I get by having an education that earned me a 6 figure salary a few years out of law school
that is not a basis to justify higher taxes. its like saying my law firm gets the indirect advantage of me going to a good law school and that benefit is more than the one I get by having an education that earned me a 6 figure salary a few years out of law school
somehow, effective & marginal tax-rates are getting confused.
No, those are total taxes- between state and federal.
No, both my source and Romney are using effective tax rates.
Between state and federal, virtually everybody that isn't super wealthy, who isn't living off investment income only, and who doesn't have serious heavyweight tax attorneys and accountants finding every possible loophole pays a higher effective rate than Romney. He pays amongst the lowest effective tax rates in the country.
The bottom 20% of the income range pays an average of 16.2%
The average American pays 27%
Even most people in the top 1% pay 30%
Romney pays 13.9%
http://www.ctj.org/pdf/taxday2011.pdf
its useless to include state & local taxes, when each state has its own tax rules.