In it, but not of it. TPM DC

CHART: How Romney's Tax Rate Stacks Up To Recent Presidential Candidates'

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Both Kerry and Romney are judged against the tax rates George W. Bush put into effect. Bush himself was paying Clinton-era rates, so even though he sold off the Texas Rangers and made a bunch of investment income before he jumped into national politics, he was only able to drag his effective rate down to 20.5 percent.

The other two didn't make out so well. John McCain and Barack Obama both ended up paying Buffett-rule-esque rates on their 2006 income, despite incomes that put both of them squarely in the top percent of earners.