Romney paid a lower tax rate than most secretaries
"Under extreme pressure, Republican presidential candidate Mitt Romney released is 2010 tax return and an estimate of his 2011 return today. The return reveals Romney paid an effective tax rate of 13.9% on income of $42 million dollars. That is a lower tax rate than his opponent Newt Gingrich and President Obama paid.
It is also a lower rate than Warren Buffet’s secretary paid, and almost every secretary in the country.
Romney has funds in offshore accounts
The returns reveal that Romney has funds in offshore accounts in the Cayman Islands, Luxembourg, and Ireland—places that the wealthy use to avoid taxes. He also closed an account in a Swiss Bank in 2010 because his investment advisor thought that account would be an embarrassment for the candidate Romney.
Romney claims that these accounts are used for investments and not used to avoid taxes. This can not be verified. Romney only released the return for 2010 and refuses to release any additional returns so it will be impossible for voters to determine if Romney did in fact avoid taxes in these off shore accounts before he began sanitizing his affairs in preparation for the presidential campaign."
"Romney’s father, who ran for President in 1968 released 12 years returns because he said that if a candidate released only one year, it could be manipulated and would not show a true picture of his financial affairs. Romney made it clear he has no intention of releasing more returns. This begs the question what is he hiding? If you have nothing to hide, why hide it?
Romney makes more in a day than the average family does in a year."
"Romney just doesn’t get it. The issue is not his wealth; it is the basic inequities in our tax code that allows a wealthy person to pay such a low tax rate legally. Furthermore, his proposed tax plan would allow him to pay about 40% less in taxes than he does now making the inequities greater."
Romney paid a lower tax rate than most secretaries - National economic policy | Examiner.com