Tuesday, January 24, 2012

Mitt Romney's Tax Return

Mitt Romney's 2010 tax returns can be found at his campaign website. The important number, AGI, is $21.6M and it's all from interest/dividends/capital gains. I think I heard on the news that their effective tax rate is ~15% whereas I'm paying about 31%, same as Newt Gingrich.

This is okay with me. I think there is a good reason to have a lower capital gains tax rate since the investor already paid taxes to acquire the "capital" and the company generating "gains" on that capital is being taxed too. What I have a problem with is Obama's class-warfare crap, and the fact that Romney's tax return is 203 pages long.

No comments: