Tuesday, January 24, 2012

Tax Returns

Mitt Romney finally released his tax returns and they showed that he made over $41M in 2010 and 2011 and paid over $6M in tax. That's about 14%. Considering that it's primarily from dividends and capital gains, that's reasonable, as they are capped at 15%. Not a bad deal, but also the reason why the tax code was attacked by Warren Buffet.

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