Mitt Romney’s 13.9% Tax Rate

Mitt Romney released his 2010 & 2011 tax returns today (although he is refusing to release 12 years of tax returns so he must hiding something) and we can now see that he has paid only a 13.9% tax rate on $42.5 million earned over the past two years.

13.9% is a lower tax rate than most hard working Americans pay and yet this is how much the multi-millionaire Mitt Romney (who stashes millions of dollars in the Cayman Islands) pays? Even worse; Romney’s own tax plan would decrease the tax rate for the super wealthy like himself to even lower levels.

But perhaps even more damning than the ridiculously low tax rate Romney pays (and that he wants to cut them in half) is this fact: Mitt Romney had a Swiss bank account up until 2010.