Mitt Romney made $21.7 million in 2010 according to his tax returns, and paid $3 million in federal taxes, about a 14% effective tax rate. The bulk of his income ($12.6 million) was from capital gains on investments, plus taxable interest of $3.3 million and ordinary dividends of $4.9 million. His net worth is estimated to be [...]
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From an interview of Bill Gates on ABC’s “This Week” show, when asked about the “Buffet Rule” that the rich should pay more in taxes: “Yes, I’m generally in favor of the idea that the rich should pay somewhat more, but to really deal with the deficit gap we’re talking about, that alone, just numerically, is [...] |
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