Saturday, September 22, 2012

Romney's Tax Returns: Days Late, Dollars Short, Still Incomplete

http://www.thenation.com/blog/170094/romney-tax-returns-days-late-dollars-short-still-incomplete

After months of withering attacks, Mitt Romney has finally (sort of) lifted the veil of secrecy around his personal finances. At 3 pm, his campaign released his full 2011 tax return and a summary from PriceWaterhouseCooper of his tax filings over twenty years, from 1990–2009.

The bottom line: as everyone suspected, Romney pays a lower tax rate than the typical middle-class family—and he seems to have purposely engineered a higher rate for himself for optical reasons. Moreover, by only summarizing the past twenty years of returns, there’s a lot we don’t know.

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