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Old 10-02-2012, 01:54 PM   #51
southparkcpa
I see the 88 to 97 period all over again.
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Join Date: Sep 2005
Location: NC
Posts: 15,726
For $hits and giggles I grabbed a tax return from my files and looked.

Married couple, wife is stay at home, 2 kids. Hubby made $225,000 in 2011.

amounts rounded

Adjusted gross income of $231,000
Taxable Income of $183,000

Total Federal tax, incuding AMT tax $40,409

Effective rate of 17 percent, marginal rate 28 percent.

I looked at a few others and same scenario... hubby earns $150K and then the effective rate is only 13 percent.


Conclusion..FACT not OPINION.

Romney paid a higher tax rate than almost ALL married Americans earning $150,000 and less jointly.
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