marty sullivan host: marty sullivan -- his taxes, about 500 pages, at our website.did you learn? guest: there really are no surprises from what we knew. we knew that mr. romney was a very wealthy individual. we knew he was paying a lower effective tax rate and that turns out to be true. there were no smoking guns that we can see in, anything that is inappropriate or overly aggressive. we think it is setting the stage for the upcoming campaign. it illustrates a lot of the issues that we will be seen discussed this year in the election and next year when tax reform becomes the main issue. host: let me give everybody a sense of what it looks like when you go on to the c-span.org website or the mitt romney campaign. he release these yesterday at 7:00 in the morning. the story in the new york times saying that if nothing else, they indicate just how complicated the u.s. tax code is. guest: 2010 return, that was just as federal return. he had state returns as well. yes, it does illustrate a lot of the problems or issues that are in the tax code and the complexity comes ou

host: marty sullivan, your reaction.a lot of controversy about the puppet rule. -- buffet rule. there is a subset of wealthy amicans that pay a much lower tax rate than other americans, even aricans who are middle clas again, tt goes to that fact that they're rich -- these very rich individuals get most of their income from dividends and capital gains which are taxed at lower rates. if we are going to make the tax system progressive for these individuals, we would have to address the capital gains issue. host: from california, the democratic line. go-ahead. caller: i like to make three quick points. one is a lot of things can be hidd in the 500 pages. two, it just because it is legal does notake it right. and three, i happen to be one of the poverty-stricken people. you know, it is mainly rich and poor. there is no in-between. host: from california. guest: mr. romney's return illustrates a lot of the issues that we're going to have in the year -- in the 2012 campaign. should the rich pay more in taxes? that is starkly il