Sunday, April 1, 2012

Personal Finance for Young Professionals: Why Your Effective Tax Rate Is Higher Than Mitt Romney

Mitt Romney's federal income tax rate has come under a lot of critique with the showdown for the republican primaries heating up. He created claims that demonstrated his real tax rate was somewhere around 15%. This number has come under assault from the White House and experts alike, pointing out that Romney, whose forecasted net worth is over $250 million, is out of touch with the issues and regular life of the general American.

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