Warren: Romney earns $$$ the 'wrong' way

As a guest on The Last Word, Elizabeth Warren said it’s "wrong" the way Mitt Romney earns an income.

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"Mitt Romney gets a better deal than any of the rest of us because he manages to earn his income in a way that has been specially protected for rich folks" Democratic Massachusetts Senate candidate told MSNBC's Lawrence O’Donnell. "I think that's wrong."

Romney has been hit from both sides of the aisle after disclosing that he pays about 14 percent on income taxes per year — way less than the average American, which usually pays upwards of 25 to 30 percent.

It's all completely legal, mind you. Democratic Massachusetts Senate candidate says it raises ethical questions and paints a larger picture of what this presidential election is really about.

"We now have these huge corporations — the one that's been in the news a lot has been General Electric — legally paying zero in taxes.  And every complication in the tax code that permits them to pay zero is absolutely sacrosanct, according to these Republicans," she said. "But at the exact same moment, they say to young people, you're going to have to take on more debt to get an education or they say to seniors, you know, you may just have to learn to live on less."

G.E. is part of owner of NBC Universal.