OK the Romney % of Income Tax Paid in 2011 POOL Is On .....

[Blackhatjack]

Romney says his rate of taxation is "close to 15%."

When those tax returns are released, you know it won't be that.

Submit your best guess and let's see who is closest!

I got 11%.

[MattBaggins]

1. 11.1

[FSogol]

2. 8.9%

[FarLeftFist]

3. 12%

[Angry Dragon]

4. 10.9

[dweller]

5. locking in

0.0%

http://www.democraticunderground.com/1002182336




dp

[Blackhatjack]

6. The capital gains tax rate is 15%, but with deductions and credits ... Hmmmm?

It is like the corporate tax rate maxing out at 35%, and Romney wants to make it ZERO.

Well many of the richest corporations pay NO TAXES and in fact get refunds.

After taking the maximum deductions and credits you know Romney's effective tax rate will be lower than 15%.

[Bozita]

7. 8.5%

[rurallib]

8. I'll go 10.5%

[Loudmxr]

9. The temperature in the pool is greater than his tax bill

Unless you like REALLY big ice in your drink.

[Blackhatjack]

10. I'm beginning to think those under 10% will be closer than the rest of us

That effective tax rate is not gonna be very high when you look at the amount of gross income compared to what he really paid in taxes.

[Motown_Johnny]

11. 9-9-9 err.. ummm..... 9.99%

[hifiguy]

12. 10.85%

Only because you already took 11.

[raouldukelives]

13. 5.35%