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Mitt Romney’s 13.9% Tax Rate May Not Be His Lowest, He’s Not Really Sure

Posted: July 30, 2012

Mitt Romney Scares Me

Mitt Romney is not sure if his tax rate has ever dropped below 2010′s level of 13.9%, that’s the answer the GOP presidential hopeful gave during a recent round of questioning.

Romney was busy traveling through Europe when David Muir on World News Tonight asked about his effective tax rate. In response to the question Romney said:

“I haven’t calculated that. I’m happy to go back and look, but my view is I’ve paid all the taxes required by law. From time to time I’ve been audited as it happens, and the accounting firm which prepares my taxes has done a very thorough job to pay taxes as legally due.”

Romney then went on to add:

“I don’t pay more than are legally due. I know that I pay a very substantial amount.”

Democrats have been urging Romney to release past years tax returns and the GOP in response to criticism has joined in on that request. In 2010 Romney earned $20.1 million and paid only 13.9% on that salary, a far lower effective tax rate compared to poor tax payers.

Romney has only released his 2010 tax returns and estimates for 2011. In London Romney had hoped to draw attention away from his earnings but ultimately drew more anger from the British public after insulting the countries running of the 2012 London Olympics.

Mitt Romney has been arguing that no matter how many years of taxes he releases his opponents will always press for more information.

Do you think Mitt Romney is hiding something in his past years returns?

Category: Politics
Tags : , , , ,
Posted: July 30, 2012
James Johnson

By James Johnson









Comments


4 Archived Responses to “ Mitt Romney’s 13.9% Tax Rate May Not Be His Lowest, He’s Not Really Sure ”

  1. Anonymous
    Jul 30, 2012

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  2. Russell DeMello
    Jul 30, 2012

    The IRS auditors do not have all of the information about Mitt Romney that the rest of the world has. When Mitt Romney submitted his previous tax returns those tax returns were looked at by people (IRS employees) who do not know everything there is to know about Mitt Romney. But in the middle of a presidential campaign people who know little details about Mitt Romney would then be able to publicly provide contradictory information to what Mitt Romney has put into his income tax returns. And I think that is why Romney doesn't want to release his tax returns. He knows that if his tax returns were public people all over the world would then see all of the things Romney has submitted to the IRS and some of those people would know if Romney has misrepresented anything to the IRS and those people would be able to tell the world about those misreprentations and the IRS might prosecute him criminally. This is what I think he is trying to keep from happening. I think he has submitted things to the IRS that the IRS can't disprove but if his returns became public then people who know the truth about stuff that Romney has done would then be able to compare his filings with the IRS to what Romney really did and those people would be able to establish that Romney has done some false reproting to the IRS.

  3. Kassandra Cruz
    Jul 31, 2012

    Just _98_ days ‘til election.
    And Romney still hides his Returns.
    So much for informed Selection.
    What doesn’t he want us to Learn?

    A Daily Exercise – Spread the Word!

  4. Anonymous
    Aug 6, 2012

    Mitt is hiding the fact that our tax laws are written to benefit the very rich. His high-priced advisors have likely used every legal maneuver to reduce his taxes. 99.9% of Americans can't take advantage of the tax avoidance strategies that Romney uses every year.