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Does. >> along with the 2011 tax return on friday, the romney campaign released a statement from pricewaterhouse coopers that said the lowest effective personal income tax rate that romney enjoyed since 1990 was 13.6% and the average rate that mitt romney since 1990 was 20%. joining me now, david k. johnston, a professor at syracuse university and the author of the new book "the fine print" and steven a certified public accountant and managing partner. he specializes in high net worth individuals. what have we learned? >> well, romney, as you just showed in the clip, by his own standard has ab...

Mitt romney, 48/46% and look at this, the race is tightening even in deep red arizona. that poll shows romney with a lead over the president by three points and the romney campaign says everyone is safe i'm chris matthews in sunny his wife's plane made a smoke-filed landing in the cabin. let's go to this with howard fineman joining us right now. i want to read to you a classic example of a news dump. he paid an effective rate of 14.1% which which is below the rate we know they pay of taxes and the campaign released a summary for the past 20 years and say he paid an average of $20.2% and never ...

The race is tightening in deep red arizona. that new purple strategies poll shows romney with a lead of just three points over the president. and this just in, the romney campaign says everyone is safe after ann romney's plane made an emergency landing in colorado after smoke filled the cabin. ann romney even tweeted about it saying everyone is okay. good for her. let's go to this with -- let's go to this with howard fineman joining us right now. i want to read to you right now a classic example of a friday afternoon news dump. it's mitt romney releasing his tax returns for last year. he paid ...

A lot more movement is coming with the younger adult population. they're taking more chances, moving across the country. they're going back to college. about 5.6 million young adults, and this is -- adults between the ages of 25 to 34, still live at home. that's 13.6%, and that's down from 14.2%. now also that data was saying that unemployment came down. in 2011, it was at 9.6%. it came down to 8.9%. as you know now, unemployment is at 8.1%. there's still that issue there. also, home sales. home sales have been -- the lowest since -- in five years. that's the lowest in a decade. so there's tha...

Of his taxes from 1990 to 2009. they claim romney's average tax rate for those years is 20.2%. they also claim that the lowest rate romney ever paid was 13.6%. there is a whole lot of information here to digest in these documents and what it all means. our next guest can do it better than anybody. i'm joined by david cay johnston, author of "the fine print, how big companies use plain english to rob you blind". great to have you with us tonight. when you see the tax return of mitt romney 2011, what jumps out at you? what did they do? how did he get 14%? >> well, he's at 14% because he mostly h...