Putting Mitt Romney's Low Tax Rate In Perspective

The effective tax rate for Mitt Romney was reported to be 13.9 percent. Since many people do not know their effective tax rate, the article highlighted in this post will help you put Romney's low effective tax rate into perspective.  I strongly believe, based on personal experience, the effective tax rate that most Americans pay is equal to or higher than Mitt Romney's tax rate.

Quotation for Today: Romney's Bank Accounts In Switzerland and the Cayman Islands

Mitt Romney, the leading Republican presidential candidate, released one year of his tax returns (2010 returns) and a pro forma tax return for 2011.  Romney's tax return information pointed out that he had bank accounts in Switzerland and the Cayman Islands. Both countries are notorious as being havens for tax cheats.  

Today's quotation (across the jump) highlights the fact that Romney, although invested via a blind trust, could have addressed the location of his bank accounts; but he didn't.