On Tuesday, it is likely the presidential campaign's focus will shift to Mitt Romney's tax returns, which show him making $42.5 million in 2010 and 2011. That number may be bigger than he can finesse by saying in essence: Don't hate me because I'm successful.
Aiming to reset the narrative after Saturday's bruising loss in South Carolina, Mitt Romney said he would release his 2010 tax returns on Tuesday. The former Massachusetts governor made the commitment last night in an interview with Fox News.
Mitt Romney's tax returns and the tax rate he paid on his income have been hot issues in the recent Republican primaries.
"What's the effective rate that I've been paying? It's probably closer to the 15 percent rate than anything because my last 10 years, my income comes overwhelmingly from investments," the GOP front-runner recently told reporters.
So why does a multimillionaire pay just 15 percent on his income? After all, the top income tax rate is 35 percent and many middle-class people pay over 20 percent.