Mr. Fifteen Percent

That would be Mitt Romney, who answered reporters’ questions about his effective tax rate this way:

“It’s probably closer to the 15 percent rate than anything. … The last ten years my income comes overwhelmingly from investments made in the past rather than ordinary income or rather than earned annual income.”

So he is acknowledging that Pres. Obama spoke the truth when he said that the super wealthy pay less in income taxes than their secretaries do.

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