Romney and the 47%: Part of the same tax problem

Romney and the 47% are both taking what the tax code gives them, and the result isn’t very pretty.

FORTUNE — We’ve been hearing endless yammering lately about two seemingly unrelated things: that 47% of U.S. households don’t pay income tax, and that Mitt Romney paid a lower effective tax rate on his $13.7 million of 2011 income than most American workers pay for just Social Security and Medicare.

But you know what? Romney and the 47% are joined at the hip, as well as at the checkbook. How so? They’re both taking what the tax code gives them, and the result isn’t very pretty.

Ironically, the reason so many U.S. households don’t pay

Read full article: http://latino.foxnews.com/latino/politics/2012/09/19/geraldo-rivera-mitts-mexican-roots/

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Source:
http://www.ezonearticle.com/2012/09/25/romney-and-the-47-part-of-the-same-tax-problem/