Romney Taxes - Information and a question
First, the information, in the form of a Note From Trustee Brad Malt with highlights from the Romney's accounting firm:
Regarding the PWC letter covering the Romneys’ tax filings over 20 years, from 1990 – 2009:Now the question.
In each year during the entire 20-year period, the Romneys owed both state and federal income taxes.
Over the entire 20-year period, the average annual effective federal tax rate was 20.20%.
Over the entire 20-year period, the lowest annual effective federal personal tax rate was 13.66%.
Over the entire 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income.
Over the entire 20-year period, the total federal and state taxes owed plus the total charitable donations deducted represented 38.49% of total AGI.
During the 20-year period covered by the PWC letter, Gov. and Mrs. Romney paid 100 percent of the taxes that they owed.
Assuming that the information in question is accurate, does someone want to try to make the case that the Romney's have not paid their "fair share"?
Ok, one more question - how despicable is Harry Reid?