Wednesday, September 05, 2012

Romney's Taxes.

9-5-12 SHORT HILLS: About Romney’s taxes—according to a Vanity Fair article, the Romneys paid 6.2 million in taxes on income of 42.5 million for a percentage of 14.6. We paid at the 35% level. If the Romneys did the same, they would have paid 14.9 million, a difference of 8.7 million. Assuming there situation was about the same for the last 10 years, that would be 87 million more in the national piggy bank. If the other million taxpayers in their situation did the same that would have been 87 trillion—or a big chunk of the deficit.

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