Oh, wow:

RAMOS: You just released your tax returns. In 2010 you only paid 13 percent of taxes while most Americans paid much more than that. Is that fair?

ROMNEY: Well, actually, I released two years of taxes and I think the average is almost 15 percent. And then also, on top of that, I gave another more 15 percent to charity. When you add it together with all of the taxes and the charity, particularly in the last year, I think it reaches almost 40 percent that I gave back to the community. One of the reasons why we have a lower tax rate on capital gains is because capital gains are also being taxed at the corporate level. So as businesses earn profits, that’s taxed at 35 percent, then as they distribute those profits as dividends, that’s taxed at 15 percent more. So, all total, the tax rate is really closer to 45 or 50 percent.

RAMOS: But is it fair what you pay, 13 percent, while most pay much more than that?

ROMNEY: Well, again, I go back to the point that the, that the funds are being taxed twice at two different levels.

Romney glosses over the fact that he is not a corporation and doesn’t pay corporate taxes. Additionally, most corporations pay far lower than a 35 percent rate. In fact, many profitable corporations pay nothing at all.

Youtube Video

Just … wow.