Reply to ROMNEY: "I NEVER PAID LESS THAN A 13% INCOME TAX RATE"

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[quote=Anonymous][quote=jsteele][quote=Anonymous]Note that he said "INCOME" tax rate. 
I take that to mean that his gain on 99% of what he makes, all of it as capital gains, dividends and carried interest was probably zero or close to zero through various off-shore shenanigans and loopholes in all the years for which he refuses to release his returns.

That way, if the information is somehow leaked later on, he could still claim that he wasn't lying when he mentioned income tax. "I never meant that to include capital gains."[/quote]

Actually, the CBS article says "income tax", but Romney didn't say that. Here is the direct quote:

"I did go back and look at my taxes, and over the past 10 years I never paid less than 13 percent....I think the most recent year is 13.6 or something like that. So I paid taxes every single year." Later, he said, "But every year I've paid at least 13 percent, and if you add in addition the amount that goes to charity, why, the number gets well above 20 percent."

Someone should probably get Romney to clarify exactly what sort of taxes he is discussing here.
[/quote]

I stand corrected. On the other hand, the WP article says that when reporters pressed him on the issue of whether it was income tax he was talking about, he declined to elaborate. IMO, that says it all.[/quote]

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