Mitt and Ann Romney paid an effective tax rate of 14.1 % in their 2011 returns . The Romneys have been criticized for not releasing more than two years worth of returns. He says very rich Americans do not have to show any `` income '' on their tax returns . Income from wealth is easy to hide and hard to tax -- and perfectly legally . McCaffery : Tax spending , rather than work , and the rich will have to pay more taxes .
Mitt and Ann Romney paid an effective tax rate of 14.1 % in their 2011 returns . The Romneys have been criticized for not releasing more than two years worth of returns. He says very rich Americans 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 .