LogFAQs > #662627

LurkerFAQs ( 06.29.2011-09.11.2012 ), Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
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TopicRestore America Now! (Official Ron Paul 2012 topic)
red sox 777
01/24/12 7:12:00 PM
#199:


Remember, it's an effective rate. That means after write-offs, deductions, etc.

I know, but.....97%? 15% isn't very high at all. I'm pretty sure my parents have paid more than that for like 2 decades, and they're definitely not rich. Having more investment income than earned income doesn't even help this, because it'll draw you closer to 15% but won't get you under it. I dunno.

Either way, I wouldn't have been surprised at all if it was 80% or even 90%. And it probably won't hurt Romney much, because people are well aware that they pay a lower rate than him.

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