Mitt Romney, who made millions buying and selling companies for a private equity firm, pays an effective tax rate that is lower than a family earning less than $70,000.“It's probably closer to the 15 percent rate than anything,” Romney told reporters in South Carolina Tuesday, when asked about his taxes.The Bain Capital founder and current GOP presidential front-runner has been under pressure to release his tax returns. Romney is estimated to be worth as much as $264 million.
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