The average federal tax rate fell under President Obama to 17.4 percent in 2009, its lowest level in three decades, according to a recent report in the FT.
But Mitt Romney exploited tax shelters in the Cayman Islands and lord knows where else — only the lord, and the IRS, know for sure because Romney is keeping most of his tax returns secret — to pay just 14.1 percent in taxes in 2011: 3.3 percent in an absolute sense and 18.9 percent in a relative sense less than this historic low number.
Does that make him 18.9 percent moocher? One-fifth irresponsible, entitled victim, like 47 percent of America, according to his latest campaign slogan? After all, he’s not paying one-fifth of the taxes that most Americans pay, on a relative basis. A philosophical and interpretive question for the hive mind.