Mitt Romney continues to be under fire for his high income and how little taxes he pays in comparison to that income. Yet, is it really that terrible that he uses the tax code to his advantage? He may come under even more scrutiny now that Warren Buffet’s secretary was at the State of the Union address to give a face to the “average” salary earner who pays taxes at a higher percentage rate than millionaires like Mitt Romney and Warren Buffet.
Here is what I am reading this weekend:
Warren Buffet’s Secretary Likely Makes Between $200,000 and $500,000 a Year: Forbes Is she such a good example of the “average” taxpayer with income in this range?
Affluent Investment Choices Turn Away from Cash Toward Stocks: Millionaire Corner Surprisingly, non-millionaire investors are more active than millionaire investors.
37 Must Read Posts for Tax Savings: Money Spruce Check out some of the best tax-related posts around the personal finance sphere.
Obama’s “Buffet Rule” Equivalent to Raising Top Marginal Rate on Millionaires to 44%: The Tax Foundation In the State of the Union address, Obama was more specific about his proposed tax increase on the rich. Here is what it would mean.
Fed Holds Interest Rates Unchanged and Sees ‘Exceptionally Low’ Interest Rates Through LATE 2014: Business Insider The title really says it all. Part of the reason is “strains in the global financial markets.”
