The headline number was 31.45%.
That’s the percentage of the couple’s total income — $3,162,424 — they owed in federal income taxes. Their total tax bill was $994,708.
Gingrich’s opponent Mitt Romney said this week that he estimates his effective federal tax rate is about 15% — a number driven down by Romney’s millions in investment income, which is typically taxed at a lower rate than ordinary income such as a salary.
By contrast, the vast majority of Gingrich’s income — more than $2.5 million — came from money he earned from his businesses, the biggest of which is Gingrich Productions. And at least a portion of that income was likely taxed at ordinary income tax rates, which run as high as 35%.
Read more: http://www.wisn.com/politics/30256756/detail.html#ixzz1k19JDSJd
That would appear Gingrich is a member of the 1%.
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