Mitt Romney, a man who probably thinks you’re a no-good layabout looking for handouts from the government, paid just 14.1 percent of his nearly $14 million dollars of income in federal taxes last year. Romney has always told the media that he thinks he pays about 13 percent in taxes, and that claim would appear to be accurate.
So he’s honest, at the very least. But he also pays a tax rate that is below what most Americans pay. According to the Congressional Budget Office, in 2007, the average federal tax rate was 20.4 percent. Mitt Romney, by virtue of earning most of his income from investments, pays something much closer to the capital gains tax rate of 15 percent.
Isn’t that nice for him?