Tom Noonan

No sooner do we finish talking about Mitt Romney’s tin ear, then The Boston Globe reveals one of his quotes from yesterday.  In responding to a question about releasing his tax forms, Romney reveals that when he does, it will show he paid a tax rate of just 15 percent.  (That will be a subject for a later day.)  While most of his income is from investments that are taxed at the lower capital gains tax rate, he also made some money from speeches.  Romney said the speech income is “not very much.”  According to the Globe, Romney made $375,000 from that source between February 2010 and February 2011.  In other words, his income from speeches alone puts him in the top 1 percent of Americans.