When I read yesterday that Mitt Romney called $374,000 “not that much,” I was outraged. I thought it was about on par with Newt Gingrich saying he didn’t get paid a lot when he made $60,000 per speaking engagement.
 
But then, I kept reading.
 
And it turns out that Mitt’s comment about hundreds of thousands of dollars wasn’t the worst thing he said. Because then he said:
   
There are two things that really bug me about this. First, the fact that he isn’t a bit more sure about what his tax rate is. “Probably” 15%? That’s like saying “ohh, I ‘probably’ paid $4 for that gallon of milk.”
 
But, moreover, it’s the number itself. Mitt Romney pays 15% in taxes, owns several multi-million dollar homes, and doesn’t even work. Meanwhile, people in the middle class are paying a nearly 27% effective tax rate, and they’re barely holding onto the one home that shelters their family.
 
All of this is happening, remember, on the days leading up to the primary in South Carolina, which is a state with one of the highest unemployment rates at 9.9%. That’s almost the same at Mitt Romney’s effective tax rate. 

Update: More terrible tax news from Mitt. Turns out that Bain Capital, his old company and a source of much of his current income, has been using offshore tax shelters to avoid paying taxes. So not only does Mitt himself pay 15%, he's making money off a company trying to avoid paying anything at all.