Romney Tax Reaction: Still Many Unknowns

Letter to the Editor:
Gov. Romney’s 14% tax rate (which applies only to taxable income) misses what many people want to know: How much of his income is non-taxable? How much is sheltered by being offshore?

How much is differed because it is from hedge funds?

How much income does his reportedly $100 million IRA earn? All this income may be legally non-taxable, but one question remains. With relatively meager contribution limits to IRAs, how did Gov. Romney legally amass $100 million in his IRA?

Tony Marshall
Vero Beach. Fl.

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