Mitt Romney's tax returns and the tax rate he paid on his income have been hot issues in the recent Republican primaries.
"What's the effective rate that I've been paying? It's probably closer to the 15 percent rate than anything because my last 10 years, my income comes overwhelmingly from investments," the GOP front-runner recently told reporters.
So why does a multimillionaire pay just 15 percent on his income? After all, the top income tax rate is 35 percent and many middle-class people pay over 20 percent.
"I believe the US owes itself to create a 21st century tax policy for individuals as well as businesses," Kent told the paper. He also went on to criticize the complexity of the tax code, as well as the fact that American companies have to pay taxes on income earned abroad. The FT adds: