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Most of President Obama’s income came from book royalties, which were much lower than they were in 2010.

Mr. Romney's income came almost entirely from investments, which are taxed at a much lower rate than wages. He has said that he has paid at least 13 percent in federal income taxes in each of the past ten years. In order for that claim to be true in 2011, he had to voluntarily claim as a deduction just $2.25 million of the $4 million in charitable contributions he and his wife made that year.

Most income for the typical taxpayer was from wages, and the largest portion of the federal tax bill was for entitlements.