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US Republican presidential candidate Mitt Romney has said he expects to pay about $6.2m (£4m) in taxes on income of $42.5m in the last two years.That makes for a tax rate of 13.9% in 2010 and an expected rate of 15.4% in 2011, his campaign said. - BBC News Online.
So, there we go... If you earn 42.5 million dollars, you only need to pay 13.9% tax. I am disgusted at these figures. They are apalling. Did you know that the top 400 people in America have the same amount of wealth as the lower 50% (that's 156,000,000 people) These statistics are more appropriate for a third-world banana republic, not the most advanced country in the history.
I am simply lost for words. What do you think?
Law and Politics
Latest answer posted October 12, 2011 at 7:30:34 AM