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  • msf February 2019
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Gundlach: My Marginal Tax Rate 52.6%, And It's 'Really Weird' That People Like Mitt Romney Pay 14%

TedTed
in Fund Discussions
FYI: Famed bond fund manager Jeffrey Gundlach said some high-net-worth individuals should be paying more in taxes. The rate he pays in taxes, however, is high enough as is, he said.
Regards,
Ted
https://finance.yahoo.com/news/jeffrey-gundlach-tax-high-net-worth-individuals-211226955.html

Comments

  • msf
    Gundlach compares his marginal rate with Romney's effective rate, which is taxes ÷ taxable income. In addition, Gundlach is comparing his federal plus state marginal rate (that's an extra 13.3%) with Romney's federal only effective rate.

    I'm not suggesting that Romney paid "enough", merely that Gundlach is good at manipulating figures for his personal benefit. (No surprise there.)
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