mlj wrote:
My understanding is that Romney's "income" is only from capitol gains...and he pays lots of taxes on that. Also, it is my understanding that he donates 10% of the money he does manage to keep from his capitol gains to his church. Please correct me if I am wrong. I have not had time to verify this but will try to post what I do find.
The charitable deduction is BEFORE taxes .... that helps to reduce his tax rate below the 15% capital gains rate .... also ... is it fair that the people who stand the most to gain from extending the "Bush" tax cuts... argue for it .... it is President Obama who argues for middle class tax cuts ... Mr. Romney thinks that only that 1% of the country is needed .... the remaining 99% are like worker bees ...