It was fascinating to read the viewpoint “Confessions of a former IRS agent,” by Carroll Mc-Kibbin, who is now a retired political science professor. If I may suggest, the article would’ve been even better if the comparison between the Romneys and the said salaried couple’s 14 percent tax obligations was more meaningfully explained to avoid driving a wedge between us folks.
Let’s try it this way instead: Due to the same effective tax rate of 14 percent, the salaried couple earning $70,000 paid a total of $9,800 federal tax, and the Romneys earning $13.7 million paid a total of $1,918,000 federal tax.
The Romney couple has earned 195.7 times more and appropriately paid 195.7 times more federal tax than the salaried couple. This sounds fair to me — driving a wedge between us is not good regardless of who is doing it!