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principle in public finance. paul ryan shouldn t be paying a higher effective tax rate than mitt romney who makes in a week. josh, response to you. these wrong on both counts. ouch. the income tax is split between them. economists have done various studies if you talk with experts. a lot of people take the view that it falls prince employ on capitals so there is a fraction that falls on labor but there s a portion of that tax burden born by the investor, by mitt romney s side. there s a second part, josh, you re missing. the second part you re missing. that is the tax code in the u.s. allows companies to earn profits in the u.s. and siphon them out of the country to tax havens. that s why corporations are sitting on over $5 trillion of