release your income tax so the people can see how you made your money. we know why releasing is so hard for mitt. rom nay pays a tax rate closer to 15%, and part of the reason why it s a loophole. not only legal, but pretty standard, but it doesn t feel fair and square. here s the bottom line. he was the founder and partner in bain capital. when you re a partner in a private equity firm, you get a cut of the profits you make. usually, 20%. now, stay with me because what happens here adds up to tens of billions of dollars in lost tax revenue for america. say my buddy, will, you ve probably heard me talk about him. works at cnn. say he invests $5 million in bain capital. and mitt romney, as he has done, does a really good job. he invests will s money well. so a year later, will s investment doubles in value to $10 million. ding, ding, ding, ding, ding. mitt s cut, $1 million. and that money is taxed at 15%. now, the reason this is unfair is that it wasn t mitt romney s money
happened in that tax return. let s go outfront. good evening. i m erin burnett, outfront tonight, mitt s taxes. now, romney is caving in to the mounting pressure. i think both president obama and hillary clinton released their taxes in 2008. just strikes me that governor romney ought to step and follow the same procedure. i don t know what my effective rate of tax is, but i m fairly confidence it s a lot higher than 15%. mitt, we need for you to release your income tax so the people can see how you made your money. we know why releasing is so hard for mitt. rom nay pays a tax rate closer to 15%, and part of the reason why it s a loophole. not only legal, but pretty standard, but it doesn t feel fair and square. here s the bottom line. he was the founder and partner in bain capital. when you re a partner in a private equity firm, you get a cut of the profits you make. usually, 20%. now, stay with me because what happens here adds up to tens of billions of dollars i
good evening. tonight, mitt s taxes. now, romney is caving in to the mounting pressure. fz. i think both president obama and hillary clinton released their taxes in 2008. just strikes me that governor romney ought to step and follow the same procedure. i don t know what my effective rate of tax is, but i m fairly confidence it s a lot higher than 15%. mitt, we need for you to release your income tax so the people can see how you made your money. we know why releasing is so hard for mitt. he plays a tax rate closer to 15% and part of the reason why is a loophole. not only legal, but pretty standard, but it doesn t feel fair and square. when you re a partner in a private equity firm, you get a cut of the profits you make. usually, 20%. now, stay with me because what happens here adds up to tens of billions of dollars in lost tax revenue for america. say my buddy, will, you ve probably heard me talk about him. say he invests $5 million in bain capital. and mitt romney, a
more than 20 people still unaccounted for. rescuers are blowing holes in the side of the ship to get where they think people might be located. they found five bodies yesterday nap matt c . confirm death toll is 11. the man at the controls that might is now under house arrest today. prosecutors say they are speechless that he s even out of jail. they want to charge him with manslaughter and abandoning his post. we also learned today that it might not be the first time that that same ship was dangerously close to that s land. more in a couple of minutes. but first listen to this passenger who told us today what it was like. people s faces were panicked and they were trying to jump in and they just started hitting people with anything they could, the oars, poles, trying to push people back. but people kept persisting. and that s really when the screaming started and everyone was screaming and that s when they said we need to go, we need to get this down and it was just heartbr