Mitt Romney: It's fair I pay a lower tax rate than people making $50,000

[SickOfTheOnePct]

29. I'm sorry that you don't like facts

But they are what they are.

The tax returns released by Romney on Friday do not include payroll taxes. The 14.1% effective tax rate on Romney's returns does not include payroll taxes. That is a fact - you may not like it, but it is what it is.

The question was asked about the 14.1%, which does not include payroll taxes - it's an effective federal income tax rate, taxes paid/AGI. A standard calculation.

To honestly compare someone making $50,000, you have to use the same calculations, i.e., taxes paid/AGI. That would be 12.488%, which last time I checked, is less than 14.1%. So the premise of the question was false.

A better question would have been why Romney paid a lower percentage in all federal taxes than someone making $50,000, because he obviously does pay less.