HERE SHE COMES TO SAVE THE DAY
“Do you think it’s a total coincidence that the one percenters are taxed at such a low rate?” – Ellis Henican
Mitt Romney, whose networth is about a quarter of a billion dollars, revealed that his tax rate is around 15 percent—highlighting the tax advantages enjoyed by wealthy Americans who make most of their money from investments rather than labor.
Is this unfair? Ellis Henican and Charles Payne disagree:
E-mail ellis@henican.com
Follow him at twitter.com/henican
If an individual can achieve deductions and tax strategies that are lawful, they do not have to pay extra. The 15% tax is not applied to earned income or capital gains but to stock and bond distributions. I buy bond funds and live off the income always. It is working sma
rt not hard.
Ellis, you cannot implicate Mitt Romney along with Santorum and Gingrich who were self serving and Christie which is odd, because none of you are CPAs and none of you have seen his return. This is the bottom line for every tax payer in the USA. Tax avoidance is perfectly legal but tax evasion is not. This means specifically that an individual filing taxes can use any any all means or methods to lower their tax bill as long as the tax code shows it is legal to do so.