ChesusRice
Well-Known Member
But the couple chose to deduct only $2.25 million of their charitable contributions. The reason was "to conform" to Romney's statement last month that he never paid less than 13% in income taxes over the past 10 years, Brad Malt, a lawyer who presides over the Romneys' blind trust, said in a statement. Indeed, if the Romneys had declared the full $4 million it likely would have pushed their effective tax rate below 13%, said tax attorney Martin Press of the law firm Gunster.
"It is quite unusual for people not to take tax deductions that they're entitled to," Press said.
http://money.cnn.com/2012/09/21/pf/taxes/romney-tax-return/index.html?hpt=po_c1
"It is quite unusual for people not to take tax deductions that they're entitled to," Press said.
http://money.cnn.com/2012/09/21/pf/taxes/romney-tax-return/index.html?hpt=po_c1