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Romney previously said that if he paid more taxes than he owed, he wouldn't be qualified to serve as president. Oops.Mitt Romney's Cynical Tax Ruse | Mother Jones
So this afternoon's big news is that Mitt Romney finally released his 2011 taxes. He paid $1.9 million on $13.7 in income, for an effective tax rate of 14.1%.
But there's more! His tax rate would have been about 9% or so, but he decided not to deduct all of his charitable contributions in order to get his tax rate up to 14%. Why? Here's the official statement:
“The Romneys [] limited their deduction of charitable contributions to conform to the governor’s statement in August, based upon the January estimate of income, that he paid at least 13 percent in income taxes in each of the last 10 years,” said R. Bradford Malt, Mr. Romney’s trustee.
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