JLC,Those folks in the very high income brackets with low effective tax rates tend to take a lions share of their "income" from dividends and long term Cap Gains both of which are taxed well below your marginal rate. Think Buffet who earns $250,000ish in salary which would be taxed at 35% but that 250k is absolutely dwarfed by his cap gains and dividends in a given year. I believe if you dig around you can probably find Romney's tax returns that he disclosed for the campaign laying around somewhere on the net. It ought to be quite enlightening. jack
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra