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
morning. shane bauer and josh fattal convicted of spying and entering the country wasted no time leaving it as soon as they were officially bailed out. mohammed jamjoom joining us with the latest. mo? well, carol, we heard from u.s. official that josh fattal and shane bauer have been released from a prison there, but we re also hearing they re still in the prison. our sources in iran say they don t actually know if they left evin prison yet. imany official a a ay officials make sure they are free. released a statement by press tv that their detention sentence has been commuted and they have been released on bail, a lot of speculation is once they are released, they will head to iman. . the reason there is that speculation is it played a part in securing the release of sarah shourd, the third american hiker who was released last september. om omani government officials aren t confirming this. they did go into the prison earlier today and we re awaiting word when and if they
released from a prison there, but we re also hearing they re still in the prison. our sources in iran say they don t actually know if they left evin prison yet. imany official a a ay officials make sure they are free. released a statement by press tv that their detention sentence has been commuted and they have been released on bail, a lot of speculation is once they are released, they will head to iman. . the reason there is that speculation is it played a part in securing the release of sarah shourd, the third american hiker who was released last september. om omani government officials aren t confirming this. they did go into the prison earlier today and we re awaiting word when and if they will leave the country and in fact, they will be headed to muscat, oman. if you wanted to look at the politics behind all that and look at the relationship between oman and the u.s. mohammed, are you still connected with me? all right, we ve lost connection with jamjoom, apologize for