Want to see the president’s tax returns?
Go for it. Short version: $789,674 in adjusted gross income; 20.5 percent effective tax rate. Here’s the White House:
Under the President’s own tax proposals, including the expiration of the high-income tax cuts and limitations on the value of tax preferences for high-income households, he would pay more in taxes while ensuring we cut taxes for the middle class and those trying to get in it.
The Obama campaign, meanwhile, goes with the taunt. Here’s campaign manager Jim Messina waving the red cape in front of Mitt Romney’s campaign:
Following decades of precedent for presidential candidates of both parties, the President and the Vice President released their tax returns today so that Americans can review their personal finances, understand how they earn their income and ensure there are no conflicts with the interests of the nation. But on the eve of April 17th, Governor Romney has yet to provide tax returns from the period in which he made hundreds of millions as a corporate buyout specialist, or as governor of Massachusetts, the experience he says qualifies him to be president.
Romney’s spokeswoman Andrea Saul replies:
It’s no surprise with the worst job creation record in modern history that President Obama would try to distract Americans from the real issues with a series of sideshows. Governor Romney has already released his 2010 return and an estimate of his 2011 income and taxes. He will release his full 2011 return when it is filed.
There. Now wasn’t that fun?