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TO bootstraps - Tax Rates of the Top Earners


Posted: Nov 28, 2012

;

note that these are adjusted gross incomes - big difference (nm)

[ In Reply To ..]

I guess my check's in the mail! - bootstraps

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According to these numbers I made over $1 million!! My no frills, tax return for 2011--28.7%

And according to these numbers Romney made $100,000 to $500,000, at his professed rounded off 14%.

So something is wrong with this picture.

I'm confused. Is this saying that with my - AGI I only paid 2.7% SM

[ In Reply To ..]
tax rate?

Did anyone on this board - RC

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Pay a tax rate between 5% to 8.1%?

I paid at least 3x that...

The government must owe a lot of us a lot of money.

link to story with graph - sm

[ In Reply To ..]
the graph represents "total income tax as a percentage of adjusted gross income less deficit".

Evidently, there is a difference between "adjusted gross income" and "adjusted gross income less deficit", but I must confess that the distinction is over my head. Hopefully, someone out there will find this information useful.

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