Are you poor?

Because some major costs of living like rent and heating do not increase proportionately when you add another person to the apartment.

Ways and Means Committee Ranking Member Sander Levin (D-MI) has twice authored legislation – which he will reintroduce again this year – to tax carried interest compensation at the same ordinary income tax rates paid by other Americans. Certain investment managers – including private equity managers – now benefit from a loophole that allows them to pay a reduced 15 percent tax rate on income received as compensation, rather than ordinary income tax rates up to 35 percent that all other Americans pay. Rep. Levin first introduced the measure in 2007 and it has passed the U.S. House four times as part of broader measures since then. It has yet to pass the Senate.

Gov. Mitt Romney disclosed that he received $13 million in “carried interest” in 2010 and 2011, compensation that was taxed at the 15 percent capital gains rate ...

Romney released his 2010 tax return in January of this year, a document that first informed voters about the existence of his Swiss bank account and financial activities in Bermuda and the Cayman Islands. But people who own foreign bank accounts are required to file a separate document with the IRS that provides additional details on such overseas bank holdings, and Romney has not released that form to the public.