Romney paid 14.1 percent of his income in taxes, a figure that could have and would have been as low as 10.4 percent if he wasn’t running for office. In contrast, the average effective tax rate paid by his wealthy father back in the ’60s was 37 percent.
Yet Romney continues to insist that wealthier Americans today can’t be asked to shoulder more of the financial burden, even as changes in the global economy continue to concentrate more and more wealth in their hands.
The release of (some of ) Romney’s returns illustrate one simple fact…the tax burden on the wealthy is incredibly low…and yet many of them claim it is incredibly high. There’s a big disconnect there, and Romney is the poster-child for it (literally, as he’s running as the candidate for the party that sells inequality like it was freedom.)