Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (108250)	1/26/2012 5:45:53 PM
From: brushwud	Read Replies (1) \| Respond to of 149317

Romney gets almost all of his income from passive income and his published effective rate is 14%, mostly because it tracks the capital gains rate. But 14% is lower than the long-term capital gains rate and lower than the dividend rate (for someone in his bracket). So the 14% is calculated on his adjusted gross income, not his taxable income. That isn't the way I think of my tax rate -- I think of the rate on taxable income, after deductions. Romney's tax rate on taxable income in 2010 was 17.6%.