A brief word about Mitt Romney's taxes

Romney wasn't "pressured" into releasing his 2011 returns as some liberals are saying. It was his intent all along to release them. Reuters: Mitt Romney released his most recent tax return filing Friday afternoon, making public a second year of documents after months of criticism for failing to reveal his taxes. The newest documents show that the GOP presidential nominee paid a 14.1 percent income tax rate in 2011, paying more in taxes than he was required to do by federal law, according to accounting firm Pricewaterhouse Coopers. The Republican opted to drive up his income tax rate by not claiming more than $1.75 million in deductions for charitable donations. The decision to pay more income taxes than he is required to runs contrary to Romney's previous statements. "If I had paid more than are legally due, I don't think I'd be qualified to become president," Romney said in an interview in July. Romney's campaign acknowledged the discrepancy. "Gov. Romney has been clear that...(Read Full Post)

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