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- Presidential Candidates: The More They Make, the Lower Their Taxes
That's the overall finding of new research by Brian Beutler at the website Talking Points Memo. Beutler looked at Mitt Romney's income tax return from 2010, John and Cindy McCain's and Barack Obama's from 2006, John Kerry and his wife Teresa Heinz's from 2003, and George W. Bush's from 1998. (He picked 2003 for Kerry because that was the only year his wife, who made much more than him, released ...
kerry rate tax 08 Feb 2012 - John Kerry Actually Had a Lower Tax Rate Than Romney
In a bit of Democratic comeuppance for dinging Mitt Romney for how little he pays in taxes, Wonkblog published this chart of presidential candidates' tax rates. And wouldn't you know, John Kerry had a (slightly) lower tax rate than Romney does. In 2003, a year before running for president, Kerry's tax rate was 13.1 percent, versus Romney's at 13.9 percent in 2010. ...
kerry rate tax 08 Feb 2012 - The Best Fix for Our Tax System? Replace Income Taxes With Sales Taxes
It would mean simpler compliance, less cheating, and a lighter carbon footprint. It would even be an offshore-resistant job creator. Alan Cleaver_2000/FlickrThis week's Working it Out question was, "What ...
kerry rate tax 08 Feb 2012 - Romney says he?ll (maybe) release his tax returns in April. When did Bush, Obama, McCain & Kerry do it?
After being pressed by Rick Perry during Monday night's debate in Myrtle Beach, S.C., Mitt Romney said he would "probably" release his tax returns in April if he becomes the presidential nominee of the Republican Party. Romney acknowledged on Tuesday that the tax returns will indicate that he pays an effective tax rate of "closer [...]
kerry rate tax 08 Feb 2012 - Mitt Romney's Tax Returns Show $43 Million Income In Past Two Years
In 2010, the former Massachusetts governor paid an effective tax rate of 13.9 percent. Romney and his wife also gave $7 million to charity.
kerry rate tax 08 Feb 2012 - Mitt Romney?s not the only 15 percenter: John Kerry paid 13 percent in taxes in 2003
Mitt Romney acknowledged yesterday that his tax rate is probably about 15 percent--lower than what many high-income families pay. Romney, whose net worth is estimated to be between $200 and $250 million, pays a lower tax rate because most of his income comes from investments instead of a salary. Romney's less-wealthy rivals for the 2012 [...]
kerry rate tax 08 Feb 2012 - Wonkbook: Will Republicans wait till April to see Romney's tax returns?
Here's what we know, or think we know, about Mitt Romney's tax returns: He's paying an effective rate of 15 percent. He has millions of dollars stored in investment funds in the Cayman Islands. And though he says ?I have nothing in them that suggests there?s any problem," he originally wasn't going to release them at all, and though he backed off of that position, now he won't release them until ...
kerry rate tax 08 Feb 2012 - Tax rates of presidential candidates, in one chart
Late Monday, Mitt Romney released his 2010 tax returns , showing that he paid 13.9 percent of his income in federal taxes. His rate is relatively low because most of his money comes from investment income, which is taxed at a lower rate than wage income. But how does Romney stack up to previous presidential candidates? Here?s a chart for comparison, with sources and caveats below: Read full ...
kerry rate tax 08 Feb 2012 - New Republic: Raise The Capital Gains Tax
A 2010 survey by the Center on Budget and Policy Priorities of the 400 richest taxpayers in America found that their average effective tax rate was 16.6 percent in 2007. The Editors of The New Republic argue that raising the Capital Gains Tax is the best way to solve this inequality.
kerry rate tax 08 Feb 2012 - How Mitt Romney's Tax Rate Compares With Past Presidential Candidates
Many kudos to Wonkblog for the legwork in making this chart comparing Mitt Romney's tax rate to past presidential hopefuls':The loudest story in this chart is the diversity of tax rates among the rich. ...
kerry rate tax 08 Feb 2012
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