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LiberalFighter

(50,826 posts)

7. Probably several ways to pay less

Reply to Snake Alchemist (Original post)

Fri Apr 13, 2012, 08:18 PM

Apr 2012

Make less income
Don't have income that is taxed at the progressive rates. Dividends and capital gains.
Have more children which means more tax exemptions.
Be able to itemized deductions.
Don't report all income.

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Highlight:

Obama paid a lower tax rate than his secretary, White House confirms [View all] Snake Alchemist Apr 2012 OP

I wonder if he did it through investment income or charitable giving. dkf Apr 2012 #1

Social Security Cap jberryhill Apr 2012 #4

Most don't include FICA in what's quoted as the effective tax rate Major Nikon Apr 2012 #12

Good point customerserviceguy Apr 2012 #10

Yeah it would be funny if the disparity is due to the average persons lack of charitable giving. dkf Apr 2012 #14

People who make a lot customerserviceguy Apr 2012 #15

Mitt Romney may have paid less tax than his lawn care workers? Rosa Luxemburg Apr 2012 #2

Actually his lawn workers likely paid no taxes at all. former9thward Apr 2012 #6

and with all the loopholes I expect Romney will get a refund Rosa Luxemburg Apr 2012 #8

No ... No ... No ... 1StrongBlackMan Apr 2012 #3

agree, except not necessarily true with property taxes nt ctaylors6 Apr 2012 #5

Probably several ways to pay less LiberalFighter Apr 2012 #7

99%! zorahopkins Apr 2012 #9

The Secretary of State? itsrobert Apr 2012 #11

Read the full return. bluestate10 Apr 2012 #13