I know it's an old story - Romney pays little or no taxes, while "scrupulously observing" every requirement of the tax law. Here's a story from Bloomburg about his estate planning and the huge amount he will leave his family, basically tax free.
Legal, but disgusting.
Bloomberg article
Romney’s effective income tax rate in 2011 was about 14 percent. He has also enhanced his family’s wealth by moving assets worth $100 million into a trust while taking steps to avoid paying any gift taxes. The trust’s value isn’t counted in the $250 million that his campaign cites as Romney’s net worth.
“People like Mitt Romney make a lot of money, but they pay very little income tax,” said Victor Fleischer, a tax law professor at the University of Colorado who has written extensively about private equity and taxes. “Then by dodging the estate and gift tax, they are able to build dynastic wealth. These DoubleClick documents really show that tax planning in action.”
The Obama administration proposed cracking down on the tax benefits in February.
Romney has vowed as president to cut the gift tax rate and repeal the federal estate tax altogether
Who do you want to be responsible for tax reform in the next 4 years?