Romney on taxes: "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."
And with the release of his latest tax information, Romney has disqualified himself from the presidency.
This is gonna sting:
The decision of Romney’s trustee to limit his use of charitable deductions in 2011 in order to keep to the candidate’s claim that he paid no less than 13 percent taxes in any year over the last decade raised the eyebrows of several tax law experts. They noted that the trustee’s use of numerous tax strategies gives Romney the rare ability to loosen or limit his tax payments at will.
“It’s interesting he didn’t take the full charitable deduction,” said Victor Fleischer, a University of Colorado law professor who has testified before Congress urging tightened oversight of private equity firms. “You’re in a pretty lucky position when you can pay more tax” to get up to a 13 percent rate. Fleischer and several others said it was doubtful Romney could later take any unclaimed deductions in future years.