Mitt Romney explains why he pays just 15 percent in taxes:
“It’s probably closer to the 15 percent rate than anything,” Mr. Romney said. “Because my last 10 years, I’ve — my income comes overwhelmingly from some investments made in the past, whether ordinary income or earned annually. 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.”
So you can forget about $10,000 bets ... Mitt Romney could make 36.2 of those and to him it would still be "not very much." But while he may think $362,000 is "not very much" money, now we know how out-of-touch he is: quite a lot.