Mitt Romney released his 2011 taxes today, and he only owed about a 9% tax rate, if he used the same calculations he used in 2010, and every other year he paid taxes. Rather than have that amount embarrassingly broadcast to all, he decided instead to not claim all his the charitable contributions that year. This made his taxes for 2011 a little more than 14%.
This creative accounting, to make his taxes look higher (although still lower than most middle class and working families) means he is not qualified to be President, at least if you take Mitt Romney at his own word. In a recent interview with ABC’s David Muir Romney asserted: “If I had paid more (taxes) than are legally due, I don’t think I’d be qualified to become President.”
Mitt Romney’s accountant explained the overpayment as a way he could be consistent with an earlier statement that he had never paid less than 13%. However his words in that statement referred to prior year’s taxes, not to 2011, so it does not pass the eye roll test.
We now have two years of taxes, only ten years less than his father released when he ran for office. Romney dumped these taxes on Friday so that the news would not be covered (Friday is traditionally a day when news is buried).
As I have said before, the year I want to see is 2009 returns, when Mitt Romney likely took amnesty for his Swiss bank account, rather than be caught evading the IRS. If he took that amnesty, then we would all be asking: Who is really freeloading on the US taxpayer?
Maybe he is actually running for Tax-Evader-in-Chief. His 47% comments look more and more like a defense that psychologists call a Reaction Formation, and in common parlance is “he who doth protest too much.”