Ink Paper Words' Profile

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Pacific Northwest, United States
In elementary school, I desperately wanted my mother to order books for me from those flyers Scholastic hands out to kids. She refused, citing the "perfectly good library down the street." I exacted revenge by becoming a card-carrying ALA accredited reference librarian. Ha! Take that!

Monday, April 16, 2012

Wayne Kamp Would Be So Proud

Well, Mr. Kamp, my beleaguered math teacher at Lewis Junior High, would be proud. In the intervening years since I took his class, I have to a large degree overcome my innumeracy. So much that I have been able to piece together some interesting stats in honor of Tax Day tomorrow. I have every confidence that Mr. Kamp would now be blown away by my ability to fill in the missing chunks of info to compile this list. Oh, and Mr. Kamp, you should see me calculate my discount per yard and per total purchase when the fabric store is having a sale.

Some noise has been made on the Interwebz regarding the respective tax rates paid by President Obama and his secretary. This was in relation to the announcement that Romney, rather than releasing his taxes as did the Obamas and the Bidens, filed a request for an extension to file with the IRS. Certainly, there is nothing remotely illegal or underhanded about filing such a request. Millions do it every year. However, when one is campaigning for the highest office in the land, it would behoove him to realize how this will appear to his potential employers, the voters.

On the surface, it might seem scandalous to rightwingers that Obama does indeed pay a lower tax rate than his secretary. The White House has made no secret of it. However, the difference is only half a percentage point, so even though the rate is lower, Obama still paid nearly twice the actual amount that Breckenridge did.

Were Romney to pay the same rate as Obama, his tax liability would be $9,260,875 – or nearly 10 times the AGI for Breckenridge, or 3 times what he estimates he owes this year.

What a difference context makes. And BTW, Mrs Breckenridge must be one rocking secretary to score a salary roughly twice what the Occupational Outlook Handbook says is the median for secretaries. Kudos to you, madame!

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