This isnt about politics at all. I just would love to know how someone can pull this off legally? I deduct everything. I mean everything I can think of and cant deduct half my income.
He earned $23,425,316 and paid $412.18 in federal income taxes. This calculates to a federal tax rate of 0.0018%. How did Romney get his tax burden so low? According to his return, he had approximately $23,407,000 in itemized deductions.