Romney's tax returns show he's one rich guy
The Kansas City Star
Mitt Romney’s tax return for 2011 is out and it shows - no surprise - that he’s one rich guy making lots of money on investments.
And his rate of taxes? It was 14.1 percent.
Yea, he wins: Romney has always said his effective tax rate was 13 percent or higher for the last few decades.
Yet as critics are pointing out, Romney’s advisers had to manipulate his return - reducing the amount of charitable deductions by a few million dollars - to make sure the rate didn’t fall below 10 percent.
Indeed, it might have been as low as 9 percent.
That could have been a devastating development (not moneywise, but pr wise) because of Romney’s previous 13 percent or higher claims.
Along those lines, Romney’s campaign didn’t release his tax returns from before 2010, but did release a notarized letter from his preparer, PricewaterhouseCoopers.
This Atlantic article has a good summation of the findings, as well as an overview of the PricewaterhouseCoopers info.