>Many Americans were shocked last month to learn that Republican presidential candidate Mitt Romney only paid an effective tax rate of 13.8 percent in 2010, but a recent report shows that corporations are paying even less.
Corporations in the U.S. paid only an average of 12.1 percent in taxes on the profits they earned inside the U.S in fiscal 2011, according to statistics from the Congressional Budget Office (CBO).
I think since corporations are subject to double taxation that doesn’t bother me as much. It is incredible to me that someone making as much as Romney was taxed at 13%. I just did my taxes and found out I was taxed at about 25%. I’m not even a 100 thousand-air
I just wish everyone was taxed less…