Republican Presidential candidate Mitt Romney made more money in a day than the average American family earns in a year, but paid only 14 percent tax.

Mr Romney’s tax records showed that he ‘earned’ US$20.6 million in 2010, or $56,438 a day. The median US household income is $US49,445.

Mr Romney paid well below the top wage income tax rate of 38 percent because investment income is given tax breaks in the US.

(Source: MX)

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