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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.

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