The highlight of a summary of Mitt and Ann Romney’s tax rates for each year from 1990 to 2009, provided by the Romney campaign (the actual summary will be released at 3 p.m. ET), is that the Romneys paid federal income taxes each year. There is no year in which they paid zero taxes or had an effective rate of zero, according to the campaign. “Over the entire 20-year period, the lowest annual effective federal personal tax rate was 13.66%,” the campaign says.
Senate Majority Leader Harry Reid (D-NV) famously — and repeatedly — said he had a reliable source who claimed Romney had paid zero taxes for 10 years.
David Kurtz is Managing Editor and Washington Bureau Chief of Talking Points Memo where he oversees the news operations of TPM and its sister sites.