Putting Romney’s tax returns in presidential context
The controversy over what’s hiding in Mitt Romney’s unreleased tax returns continues. But even without the missing filings, putting his 2010 and 2011 tax numbers in context is strikingly informative. It dramatically shows what an outlier Romney is on a few basic tax and income dimensions.
The total of all of the presidents’ incomes used here, including all of President Obama’s income since 2000, is still $8.7 million less than the combined income from the two years Mitt Romney has disclosed. Yet at 13.9% and 15.4%, Romney has the two lowest tax rates in the data set.