Saturday, September 22, 2012

Number can be misleading.(II)

Yes, indeed. According to what is reported in the news, in 2011 Mitt Romney paid a whopping $1.9 million income tax at the rate of 14%. Personally, I think based on the amount of taxes Mr. Romney paid to the US treasury, not at what the rate he was paying, the public should commend him being a law-biding and productive citizen who contributes to the country’s fiscal well-being. One-million-nine-hundred thousand dollars are a lot of money. It can make some definitive difference in the looming government deficits. When we think mathematically, we will realize that it will take 99% of us, myself included, despite at higher income tax rates, many, many, many years, even life times, to pay $1.9 million in taxes. So let’s pay attention to the actual amount, not the rate, and be fair! - Ayee

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