Thursday, 18 April 2013

How do rich Americans get away with paying so little tax?

Money Week: Earlier this week, Barack Obama released his tax return. He filed jointly with his wife (the US tax system is very different to ours) and between them they had a gross income of $608,611. That’s not bad given they probably don’t have much in the way of expenses.

Full story: http://www.moneyweek.com/blog/how-do-rich-americans-pay-so-little-tax-63618