How long has this been going on? And even a decades worth? I can’t even remember hearing about this last election cycle which was pretty memorable.
Since 1967 when Mitt Romney’s father, George, ran for president.
That’s some high-grade irony there.
The best.
George Romney: One year could be a fluke, perhaps done for show, and what mattered in personal finance was how a man conducted himself over the long haul. The reporter T. George Harris characterized George Romney’s position that way.
George Romney earned $129,674 AGI in 1955 and paid $45,651 in federal income taxes.
An effective tax rate of 35.2 percent.
http://www.taxhistory.org/thp/readings.nsf/ArtWeb/AEEC9CAC8F773DD7852579C20073FD36?OpenDocument
Sure, but that was when Communists were running the U.S. government. Thank God for Joe McCarthy!
HAH! Ok the thread was worth it just for that tidbit!