Mitt Romney said today that he's paid at least 13% taxes over the last 10 years.
Yes that sounds pretty ridiculous, to give you an idea of just how ridiculous this is I did some math. Let's say you were unemployed last year and collecting unemployment benefits all year at the national average rate of $300 per week. So over the year you collected a total of $15,600 of benefits. Naturally our tax code says that unemployment benefits count as income and are therefore subject to income taxes. The first $8700 is taxed at 10% and the remaining $6900 is taxed at 15%. That means you would have paid a tax rate of 12.2%. Think about this for a second - this means there are millions of unemployed Americans defaulting on their loans, losing their houses and they're paying essentially the same tax rate as Mitt "250 million dollar" Romney.