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Mitt Romney released his tax records during the 2012 presidential campaign. The records showed Romney earned $21.7 million in 2010. Even though the top marginal income tax rate was 35%, Romney only paid an effective tax rate of 13.9%. This severely lowered tax rate was possible because nearly all the money was listed as profits, dividends, or investments.
they make a lot of money but if you think u can sustain your life style, 46% of actually work while the rest wait to get fed, if you think u can sustain your no work life style by taxing rich corporations, after you have squeezed archie bunker bone dry, think again.
Including independent contractors and small businesses like my mom's own business. Without these exemptions, it would've been more difficult to get started.
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