To: econjack; OCCASparky
BTW, that 14% is still $2.8 million. Id say he paying his fair share.-
The top 1% of all taxpayers paid an average tax of $230,496 not even 10% of what Mitt Romney paid.
Percentage-wise, I paid a bit more--actually, a LOT more, considering I was just above the SS cutoff, meaning I (and my employer) got nailed with another 15 percent on top of the federal taxes (28 percent bracket) I paid.
Congratulations for being in the top 10% of income earners in this country, but being in the 28% bracket does not mean that you paid an average 28% tax rate. It is unlikely that you paid a higher rate than Romney, since he was in the highest 35% bracket, although most of his income was capital gains from his investments. He paid over $3 million in taxes and gave another $3 million to charity.
You certainly did not pay "a LOT more". If you actually did pay a slightly higher rate than Romney, then shame on you for not taking better care of your finances because the average person in the top 5-10% of income earners paid an average rate of only 11.4%!
13 posted on
09/17/2012 2:03:02 PM PDT by
Brown Deer
(Pray for 0bama. Psalm 109:8)
To: Brown Deer
Sorry, I'm not married, have no kids, and the only deduction I really have is my house. Therefore, while I am in the 28% bracket, my actual rate is closer to 22-23 percent (about 20 percent when I get my refund.) But when you add on the 7.65 percent both I and my employer pay to SS/Medicare (negligible at Romney's income) then we're talking closer to the 30-35 percent range.
Believe me, I'd love to live off of interest and dividend income, and I'm not begrudging the fact Romney can and still pays a great deal more in taxes than I.
14 posted on
09/20/2012 2:41:55 AM PDT by
OCCASparky
(Steely-eyed killer of the deep.)
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