Thursday, July 12, 2012
The CBO concluded the low taxes
"The ray ban wayfarer nonpartisan Congressional Budget Office reported this week that in 2009 rates fell to their lowest level in more than 30 years," said Reid (D-Nev.) in a Senate floor speech. "Much of that decline is thanks to President Obama, who has consistently fought to lower taxes for middle-class families over the last three and a half years," he said.
The CBO concluded the low taxes likely extended into 2010 and 2011, although full data were unavailable.
"The average tax rate in this oakley sunglasses classic discount 2012 125 country fell to the lowest rate since 1979 –- 17.4 percent," said Reid, adding, "Of course, that’s still a higher rate than Mitt Romney pays."
Romney paid an overall tax rate of just 13.9 percent in 2010 and estimated he would pay 15.4 percent in 2011.
When the presumptive GOP nominee released those figures, it was assumed that his rate was so low because nearly all of his income came from capital gains, which are taxed at just 15 percent. But recently a furor has erupted over Romney's offshore accounts, which ray ban sunglasses cheap sale 2102 also could be shielding him from taxes.
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