CHART: Do You Pay A Higher Tax Rate Than Mitt Romney?
Since Mitt Romney has yet to fully disclose his effective federal tax rate, the best we have to go off of is this statement from 1/17/12: "It's probably closer to the 15 percent rate than anything." While it could easily be lower than that, it still provides a good way to put the absurdity of our current tax code into context. Two things to keep in mind while looking at the chart below: 1.) The Median net worth of an American family is $77,300. 2.) Mitt Romney's net worth is estimated to be somewhere in the neighborhood of $200 million. So, how does your tax rate stack up?