With the release of his tax returns Tuesday, Mitt Romney has emerged as Exhibit A in a political battle likely to define the 2012 election: how to tax the rich.
To Democrats, Romney is benefiting from an unfair tax code that permits a man who made nearly $21Â million last year to pay just 15 percent in federal taxes. In his State of the Union address Tuesday, President Obama said those earning more than $1 million a year can afford to pay more and should send at least 30Â percent of their income to Washington.
Source: http://feeds.washingtonpost.com/click.phdo?i=74d59f03fdd7146594ba2780619eec17