September 21, 2012

Obama campaign calls on Romney to release full 20 years, not just summary

Obama campaign calls on Romney to release full 20 years, not just summary
"And one of those questions is, as Greg Sargent wrote earlier, what Mitt Romney's actual net tax rate was during that 20 year period. Remember, the figure Romney released was theaverage tax rate per year—not the cumulative tax rate. That means years in which he had lower income but a higher tax rate are weighted the same as years in which he had higher income and a lower rate. It's sort of a like a baseball player hitting .600 as a rookie in five games and then hitting .250 the next year in a full season, and then claiming a .425 lifetime batting average. It just doesn't add up."