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Jan31-12, 06:07 PM
P: 46
Quote Quote by JonDE View Post
I'm not blaming him personally, so please don't take it that way. Most people are going to pay what they have to pay. What I blame is our tax code that allows for too many deductions.
In 2010 Romney paid 13.9% taxes. In 2011 he expects to pay 15.4%
Keep in mind:

1) He tithes also. He donates 10% of his income to the LDS church, which spends most of its money on charity and community service.

2) It's not loopholes and deductions. He makes almost all of his money on capital gains. His income tax rate is 35%, but capital gains tax rate is much lower.