Is the media grossly misreporting the taxes paid by Republican presidential candidate Mitt Romney? According to one review of his 2011 return, very much so.
Mitt and Ann Romney's 2011 adjusted gross income (AGI) was about $18.6 million, with their total federal income tax coming to $1.9 million, or 14.1 percent.
This number is a bit misleading, however, when analyzing Mitt Romney tax returns.
It implies the Romneys kept 85.9 percent of what they earned, which isn't the case.