Mitt Romney Reveals His Tax Rate

GOP presidential candidate admits he pays "closer to 15 percent."
0:45 | 01/17/12

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Transcript for Mitt Romney Reveals His Tax Rate
We're hearing more today about Republican presidential candidate Mitt Romney's income and his tax rate. Romney admitted on the campaign trail today that he pays only about 15% in taxes. That's because the majority of his income is in the form of interest and capital gains and not from salary Norwegian like the average American. Who pays a top rate of 35%. Romney also disclosed today that he gets speakers' fees but in his words quote not very much according to financial disclosure forms reported by USA today back in August. Romney earned more than 362000. Dollars in speaking fees over the course of the year. Romney's network is estimated to be around 200 million dollars.

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