CNN and Edward McCaffery paid an effective tax rate of 14.1 % in their 1992 returns . If we taxed spending , in contrast , the Romneys and other really rich families would see their taxes increase in absolute and percent terms . Ann Romney : Raising the tax rate wo n't affect the very rich . He says very rich Republicans do not have to show any `` income '' on their tax returns . McCaffery : Tax spending , rather than work , and the rich will have to pay more taxes .
CNN and Edward McCaffery paid an effective tax rate of 14.1 % in their 1992 returns . Ann Romney : Raising the tax rate wo n't affect the very rich . He says very rich Republicans do not have to show any `` income '' on their tax returns . McCaffery : Tax spending , rather than work , and the rich will have to pay more taxes .