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>> in 2010 governor romney had an adjusted gross income of $21.6 million, yet paid only $3 million in federal income tax or 13.9%. without the preferential investor tax code, romney would have paid $7.56 million, a government subsidy of $4.5 million. [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it ...

Increases hidden in there for some people making very little because the stimulus tax breaks retire. he says he won't touch any medicare or social security benefits for the current generation of retirees. so he's saying essentially he wants to keep this status quo exactly as it is. one other thing on this, this trick that has been played in the tax conversation where we keep saying federal income taxes, federal income taxes are the part of the tax code that is progressive. they're the part of the tax code that tends to focus in on the richer, on richer americans. payroll taxes are also federal...

Wants to keep this status quo exactly as it is. one other thing on this, this trick that has been played in the tax conversation where we keep saying federal income taxes, federal income taxes are the part of the tax code that is progressive. they're the part of the tax code that tends to focus in on the richer, on richer americans. payroll taxes are also federal taxes -- >> regresses ive. >> and they're more regresses ive. people don't pay them above $100,000. if you pay -- >> give me an xampbl example of the unfairness of that. like if you pay a payroll tax because you're making like $20,000...

Military of the size -- expansive size and power of the united states military that's quite frightening. i don't think he's doing so well on foreign policy bona fides right now. >> even just to tag team with the professor -- >> please. >> -- if you have mitt romney not mentioning the troops when we have nearly 80,000 troops in iraq and at the same time his tax plan would protect the carried interest loophole for private equity mavens, which is something he's benefited from and why his taxes have been -- >> 13.9%, party. >> it means the republican motto today is let other people's children figh...

Had a breakdown of the tax rate that average households make. households making between $30,000 and $45,000 pay 12.5% rate. households making between $45,000 and $92,000 pay a 15.7% rate. look in the middle, governor romney, who made $21.6 million in 2010, right in the middle. 13.9%. >> you don't need multi-year returns to know that to most people, who have to get a salary to earn a living, that something is not fair. there's no equity in the tax system where a multimillionaire pays a lesser rate because they get income from dividends and investment income that's taxed at a lower rate. now, ha...