Unlike Mitt Romney, most Americans who will pay their taxes today can't afford fancy accountants. But Romney has reluctantly made public his tax returns, and thus shared valuable strategies to ensure that he a pay a far lower rate than, say, Warren Buffett's secretary. Citizens for Tax Justice recently waded through Romney's 2010 return—in which his $22 million in income was miraculously taxed at just 13.
Citizens for Tax Justice a few months ago estimated that Mitt Romney, due to most of his income coming from investments, pays a tax rate of around 14 percent, a far cry from the 35 percent top income tax rate. Romney then confirmed ... Read Post
After significant pressure, Mitt Romney released two years of his tax returns, which showed, among other things, that he pays a lower tax rate than many middle-class families and has employed a Swiss bank account to hold his investm... Read Post