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In the furore about Mitt Romney paying 15% tax I have not seen one comment which makes this point in his favour: The tax return does not show all taxes that a p
by MarkMc 15y ago
In the furore about Mitt Romney paying 15% tax I have not seen one comment which makes this point in his favour: The tax return does not show all taxes that a person pays, and so it's an inaccurate way to compare tax rates between two people.
In particular: corporation taxes (effectively paid by shareholders) and sales taxes should be added to the mix when talking about tax rates.
- comicjk 15y agoTo his credit, I suspect he also makes large charitable donations to the Mormon church which reduce his taxable income.