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Old 09-22-2012, 10:13 AM
Danzig Danzig is offline
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http://hosted2.ap.org/APDEFAULT/3d28...27cf0906225ed7

WASHINGTON (AP) — Mitt Romney has given Democrats plenty of support for their claim he manipulated his deductions to keep his overall 2011 federal income tax rate above a certain threshold for political purposes.

The Republican presidential nominee, whose wealth is estimated as high as $250 million, seems hemmed in by a comment to reporters in August that he had never paid less than 13 percent in taxes in any single year over the past 10. Had he taken the full charitable deduction last year, it would have pushed his tax liability below 13 percent.

The former Massachusetts governor and his wife, Ann, could have claimed more in deductions, the trustee of Romney's blind trust said when the candidate's 2011 tax returns were released.

But, Brad Malt acknowledged, the couple "limited their deductions of charitable contributions to conform to the governor's statement in August, based on the January estimate of income, that he paid at least 13 percent in income taxes in each of the last 10 years."

Romney probably also will be reminded by the Democrats by something else he said in August. Defending his right to pay no more taxes than he owed, he said, "I don't pay more than are legally due, and frankly if I had paid more than are legally due I don't think I'd be qualified to become president."



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Old 09-22-2012, 11:04 AM
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Riot Riot is offline
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Don't worry, Danzig. Romney will file an amended tax return November 7, and claim those deductions to get his excessively-paid-to-the-IRS-so-he's-not-clearly-a-liar-about-his-tax-rate money back.
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