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>>guest: there is a fair question about what is a fair share? and i think warren buffett has said it doesn't seem fair to him that he has a lower tax rate than his secretary. so, i think, the president will lay out the details about the buffett rule that he has talked about this summer and we will hear some discussion on that, but we are focused on the policies that will continue the momentum that we are seeing in this economy. where you pointed out, wherefore the first time in a decade, we have in americans fighting in iraq. we are moving forward with creating new jobs in manufacturing. and, ...

Show he made more than $21 million in 2010 and almost that much in 2011. for two years he paid $6.2 million in taxes but does not manage his own accounts. >> bret: he put investment in a blind trust. >> romney donated $7 million to a range of charities including the more man church in two years, for mormon church in two years. >> you will see my income, how much taxes i paid and how much i paid to charity. is it entirely league and fair? absolutely. >> most of romney's income from capital gains taxed at a lower rate of 15%. after deductions the romneys paid effective rate of 13.9% in 2010. 15....

About all this and a former accountant at one time. not quite as glamorous as television but equally as interesting! >> let's talk about the taxes here because so much has been made about how much romney pays in taxes, how do his tax rates compare to the rest of the country? >> if you figure out the effective tax rate he comes in at 13.9%. a lot of it has to do with the fact that the bitting of his income is from capital gains and dividends, those are taxed at 15 percent. but nevertheless, the rest of the world comes in at around 12 1/2%, jenna, about 50 percent of filers pay an effective tax ...

Product from mortgage giant freddie mac. romney is opening two years of his tax returns. we'll take a look at what is inside and have report from carl cameron, jim angle and james rosen. "special report" starts at 6:00 eastern. now send it back to new york and colleagues with "the five." ♪ ♪ boston well, well, well -- >> bob: well, well, well, today, romney released tax returns after saying he wouldn't and then said he would and then admitted it was a mistake not to release the tax returns. there's probably a reason for that. in 2010, it shows that he made $21.7 million. he paid 13.9% in t...

Campaign mode. is that true joe? >> well, i think no state of the union address is full campaign mode. it is about the state of the country and laying out the ground work for the next year. but there's no doubt that that's political. we're in an election year here. and i do think the case of fairness for the middle class and fair tax code and cutting the loopholes, getting more tax fairness and job fairness for americans is important and jackta poses, it's not a coincidence against romney and his release today, too, the 13.9%. so there are political consequences to the speech, and how it's pro...