Romney Artificially Inflated 2011 Taxes After Decrying The Idea

|
September 21, 2012 10:05 a.m.
JOIN TPM FOR JUST $1

Mitt Romney’s trustee said in a campaign press release that Romney artificially inflated his own effective tax rate so it would remain above 13 percent by deferring $1.75 million in charitable deductions. Romney had previously said that none of his last decade of tax returns dipped below that 13 percent threshold.

In an interview with ABC News in July, however, Romney dismissed the idea that he would ever pay more taxes than legally owed, saying if he did so he wouldn’t be “qualified” to be president.

“I don’t pay more than are legally due and frankly if I had paid more than are legally due I don’t think I’d be qualified to become president,” Romney said. “I’d think people would want me to follow the law and pay only what the tax code requires.”

Comments
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Senior Editor:
Special Projects Editor:
Investigations Desk:
Reporter:
Senior Newswriter:
Newswriters:
Editor at Large:
General Manager & General Counsel:
Publisher:
Head of Product:
Director of Technology:
Publishing Associate:
Front-End Developer:
Senior Designer: