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Barack Obama: Says Mitt Romney "paid only 14 percent in taxes — probably less than you."

Posted by Politifact.com Truth-O-Meter rulings from National On August - 9 - 2012 News Politics
The Truth-o-Meter says: Half-True | Barack Obama says most Americans pay a higher tax rate than Mitt Romney

A new ad from President Barack Obama’s campaign continues the drumbeat that Mitt Romney is a privileged rich guy who isn't paying his fair share of taxes. "You work hard, stretch every penny," a narrator says. "But chances are, you pay a higher tax rate than him: Mitt Romney made $20 million in 2010, but paid only 14 percent in taxes — probably less than you." We wondered whether it’s accurate to say that Romney "paid only 14 percent in taxes — probably less than you." The 14 percent figure checks out. The 2010 ...

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Read Entire Story: Politifact.com Truth-O-Meter rulings from National

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