Exact(60)
The average tax rate for companies would fall to 29%.
Looking at average tax rates doesn't give the full picture.
Their average tax bill would climb $114,238.
They calculated average tax rates for entire lifetimes.
But marginal and average tax rates are high, especially for companies.
Universities in general redistribute money from average tax payers to rich ones and are anti-egalitarian.
The result: the average tax bill will increase by $355 instead of $367.
Romney's average tax rate, which he says is probably about 15 percent, exemplifies the problem.
The figure is not what one penny on income tax would cost the average tax payer.
He said the average tax increase this year, though, should be a little lower.
That would have resulted in an average tax rate of 17.5percentt.
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