Romney Defines $374K As ‘Not Very Much’ Money

374,00

Apparent Republican Party presidential nominee Mitt Romney on Tuesday: “What’s the effective rate I’ve been paying? It’s probably closer to the 15 percent rate than anything. My last 10 years, I’ve — my income comes overwhelmingly from investments made in the past rather than ordinary income or rather than earned annual income. I got a little bit of income from my book, but I gave that all away. And then I get speaker’s fees from time to time, but not very much.” Romney collected $360,000 $374,000 in speaking fees over the 12-month period reporting period covered in his most recent financial disclosure report.