Advertisement
Who Pays What In Taxes?
ResumeThe question came into sharp focus when Mitt Romney's tax forms revealed he paid just under 14 percent on $42 million in income over two years.
Billionaire Warren Buffet says he pays around 17 percent -- and he compares that to some of his employees who pay a greater percentage. We set out to find out who pays what in taxes, why, and ask, what's fair? It turns out to be a complex question with lot of opinions — and heavily debated facts, check out the links below.
- Here & Now: Sorting Out The Carried Interest Tax Rate
- Here & Now: Romney's Taxes Shed Light On Benefits Only Available To Some
- New York Times: Stop Coddling The Super Rich
- Wall Street Journal: Harvey Golub's Response To Warren Buffett
- WWeek: 9 Things The Rich Don't Want You To Know About Taxes
- American.com: Guess Who Really Pays The Taxes
Guest:
- David Cay Johnston, Reuters columnist, professor of tax law at Syracuse University
This segment aired on February 2, 2012.