Romney once said that he always pays the taxes that the law requires — no more, no less — and “if I had paid more [taxes] than are legally due I don’t think I’d be qualified to become president.” But in his newly released tax returns, Romney deducted only $2.25 million of his $4 million in charitable donations. Why did he do that? Because if he had deducted all that he was entitled to, his effective tax rate would have been under ten percent.
Meanwhile, even Paul Ryan in 2010 called the Cayman Islands “the place you hide your money” even though Romney claims that the money he has there is not hidden. So why did he put it there?