News is out this morning that Mitt Romney's effective tax rate is around 14 percent. But that's a different tax rate calculation than the one you're probably familiar with.
The Republican candidate paid 13.9 percent of his income in federal taxes in 2010, a lower percentage than many people with less income pay. But higher tax rates on Mitt Romney's investment income would raise taxes for others, too.
We speak to a private equity insider about whether the industry is really full of 'vulture capitalists,' or if it serves a necessary function in our society.
Last night, Republican presidential hopeful Mitt Romney said that President Obama would like to turn the U.S. into a social welfare state. But even if he wanted to, how much impact does a president have on the economy anyway?