Quote:
Originally Posted by kane
When it comes to tax cuts and tax rates it is all just arbitrary bullshit numbers that few people really pay.
Romney is a perfect example. He says himself is effective tax rate over the last 10 years has been around 13%. Supposedly the top tax rate is 35%, but clearly he is nowhere near it.
Hell, big companies like Exon and General Mills pay ZERO federal income taxes.
There are also millions of middle class people who don't pay nearly the set tax rate because of the all the write-offs that they get.
The people who get screwed the most by federal taxes are those who are single and don't own a home so they have limited write-offs.
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The reason Romney pays a lower rate of tax is because he does not pay a Federal Income tax rate but pays a Capital Gains Tax rate as his only source of income is from his investments and his investment monies have already been taxed by a Federal Income Tax...as he earned it.