Rich Pay Least Income Tax Already

Mitt Romney paid 14.1% income tax in 2011 and 13.9% in 2010 and before that 13%. The nominal rate for his income bracket is 35%, but he has tax lawyers. Others in his position of $13.7 million income pay nothing. He had to pay something to avoid embarrassment as a presidential candidate. Ordinary folk get Romney’s low rate only if they make less than $8,300 per year. Republicans like him really have cheek to demand even more tax cuts for the rich when they are already paying the lowest rates of anyone once you factor in what the tax lawyers do for them to exploit loopholes.

~ Roedy (1948-02-04 age:70) source source