Saturday, August 11, 2012

In the Superrich, Clues to Romney’s Tax Returns - Common Sense - NYTimes.com

In the Superrich, Clues to Romney’s Tax Returns - Common Sense - NYTimes.com:

The rich are very different from you and me, especially paying income taxes

The IRS released data from the 400 individual income tax returns reporting the highest adjusted gross income. This ultrarich group earned on average $202 million in 2009, the latest year available. Buried in the data is the disclosure that 6 of the 400 paid no federal income tax. The IRS has never before disclosed that last fact.

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