What is a small amount of money ? The extremely excellent Josh Marshall typed
44 minutes ago (eek I just typed “just typed” then noticed the irony).
The tiny difference between the taxes Romney publicly guessed he roughly paid and the taxes he paid is over $450,000. One of Romney’s many gaffes is saying his taxes were around 15% because, although he had earned money for speaches, he didn’t earn much. Indeed he earned less than 450,000 that way. But it is a huge amount of money to earn with so little sweat.
Similarly the difference between 13.9% and 15% is more than seven times median family income.
Of course, Romney’s income isn’t close to a rounding error in the Federal Budget.
I think that getting the rate under 15% requires considerable effort. As a businessman consulting with his lawyers and accountants, Romney doesn’t leave money on the table (it’s not the money it’s the principle that it’s all about the money). As a candidate, I’m sure he really really wishes he had found a way to send a million more over to the IRS.