romney tax cuts

Reporter: "Was there ever any year where you paid lower than the 13.9%?"

Mitt Romney: "I haven't calculated that. I'm happy to go back and look."

Voiceover: "Did Romney pay 10% in taxes? 5%? Zero? We don't know."

We asked people to use our new tax calculator to compare President Obama's tax plan to Mitt Romney's. This is what they found out.

You work hard, stretch every penny, but chances are you pay a higher tax rate than him: Mitt Romney made $20 million dollars in 2010, but paid only 14% in taxes—probably less than you.

Now he has a plan that will give millionaires another tax break and raises taxes on middle class families by up to $2000 dollars a year. Mitt Romney's middle class tax increase: he pays less, you pay more.

"The choice on debt.

Mitt Romney's plan: huge tax cuts for millionaires, tax breaks for oil companies and corporations that ship jobs overseas, adding trillions to the deficit.

Stephanie Cutter breaks down what Mitt Romney's tax plan means for families and how President Obama's plan will cut the deficit while still making the investments we need to grow and keep middle class families strong. Go to http://www.barackobama.com/TaxCalculator and use the tax calculator to see how these two very different plans will affect you.