What's he hiding? There's a $7.2 MILLION dollar difference between the preliminary return that Mitt Romney released earlier this year and now:
Mitt Romney apparently adopted a new tax strategy at some point this year.
The Republican presidential nominee has completed and released his official 2011 tax return, and his tax bill is lower than estimated on a preliminary return released eight months ago.
Final 2011 return:
Adjusted gross income: $13,696,961
Total federal tax paid: $1,935,708
Effective federal tax rate: 14.1 percent
Preliminary 2011 return (released in January):
Adjusted gross income: $20,901,075
Total federal tax paid: $3,226,623
Effective rate: 15.4 percent
link
What is he hiding? That's a huge difference? The above article claims that he may have diverted the income to his trusts.
It also notes this curiosity:
The most likely explanation is that Romney's accountants transferred income from Romney's personal return to one of the three trusts that also generate considerable income, almost all of it from investments. It will take a detailed examination of the 2010 and 2011 documents to figure out what changed, but here's a clue: Romney's campaign has begun to focus on the "personal" tax rate paid by Romney, rather than the tax rate that might be associated with the trusts and his total income from all sources.
If Romney thought this would go away, it won't.
This just raises even more and more questions...
WHAT'S HE HIDING?