Why Romney’s Tax Rate Should Be Low

Dylan Matthews, Washington Post
Mon, 09/24/2012 - 9:12am

Mitt Romney’s Cayman Island hideouts and unusually stuffed IRAs get most of the attention, but the main explanation for his low tax rate isn’t at all nefarious: 80 percent of his income comes from investments, and the top tax rate on capital gain and investment income is 15 percent. That’s compared to a top tax bracket of 35 percent on ordinary income.

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Topics:  mitt romney s cayman island   iras   read   tax rate   income   percent   top   investment   
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