PolitiFact continues to deny reality in a recent post
Our ruling
There are two main ways to make this calculation, and they lead to opposite conclusions. While we believe that including payroll taxes in the calculation offers a more accurate picture of what the American public pays the IRS, it's also true that the Obama ad didn't specify which measurement it was using, and in fact used a figure for Romney -- 14 percent -- that was based on income taxes alone. On balance, then, we rate the claim Half True.
In plain words your article on the 14% that Romney paid on his 2010 taxes is innumerate bullshit
First of all he would not pay any Social Security or Medicare taxes on non-wage earnings and that is the vast bulk of his declared income.
Second, we KNOW how much he paid in Social Security and Medicare Taxes, it is right there on his return in line 27 where he lists half the Social Security and Medicare Taxes from Schedule C Self Employment 2 x $14,576 or 29,152
Third we KNOW what his income was, 21,661,344.
Fourth, we KNOW how much he paid in taxes 3,009,766
You can find all of these numbers at
http://www.washingtonpost.com/...
So now you pick up your cell phone and do some long division.
The Social Security and Medicare Taxes as a percentage of his income is 29,152/21,666,344x 100% = 0.134%, or a bit more than an additional tenth of a percent
The Income Tax he paid was 3,009,766/21,661,344 x 100% = 13.89% of his income
The add it up and you find the percentage of the Federal Income Tax and Social Security and Medicare Tax he paid = 14.02%
So you are moaning about .02%?
You owe the Obama campaign a grovelling apology.