• 6

    Jun

    A Background In financial advice Plans

    Some do not pay any federal taxes at all. The Romneys, like many citizens, received a tax refund for their 2010 filing. As a result of the code’s many child-related tax provisions, about half of families with kids, many of them income that is lower, won’t owe any federal income taxes. And the truth is everyone not only the childless, advantages from parents’ work raising the next generation. When the affluent are let off the hook in all these ways, the remainder of America needs to pay more in taxes to compose the difference - or have services cut because government doesn’t have the funds. Meaning as a function of AGI - that’s typically how taxes are looked at by folks - as Romney said if he pays 15 percent, he’s paying a rate that is higher than 97 p
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