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Mitt Romney Paid 30%, Not 13% In Federal Income Taxes
Thus, the Romneys total income and taxes paid must also be adjusted up by 33% (1.33-(.25*1.33)=1) of the amount of their $12.6 million in capital gains income, or $4.2 million. After this adjustment, the Romneys Adjusted Total Income is $27.0 million, and their Adjusted Total Federal Income Tax Payments are $8.3 million, $5.3 million more than reported on their tax return and 30.7% of their Adjusted Total Income.
Mitt Romney Paid 30%, Not 13% In Federal Income Taxes - Forbes