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