NEWSMAX: Senate Majority Leader Harry Reid charged Mitt Romney with manipulating his 2011 taxes to “conform with his public statements,” after the Republican presidential challenger’s return showed he paid nearly $500,000 more than he should have…
“I was in private practice for 40 years and don’t know that I ever had a client who said, ‘I don’t want to take all my deductions,'” David Kautter of the Kogod Tax Center at American University told Reuters.
Kautter, who spent his career at the accounting giant Ernst & Young, estimated that if Romney had taken the full charitable tax break, his effective tax rate would have been about 10.5 percent. The return showed Romney paid an effective rate of 14.1 percent last year… (more)
EDITOR: What is surprising is the sole prominent source of this story…the staunchly conservative NewsMax. Is this a sign of growing Republican disillusionment with Romney?
http://www.newsmax.com/Newsfront/Romney-taxes-manipulation-overpay/2012/09/21/id/457174
