Mitt Romney released his 2011 tax returns and once again paid approximately 13% on an income of $14 million. However, he and Republican cronies like Fox News seem to be really impressed that if he hadn’t donated $4 million to charity he would have paid about 20% on average over the last 20 years – firmly in the territory of the lower middle class. Of course that number has to be taken on faith as it is extrapolated backwards from only the last two years of released returns.
There are some sources that claim Romney actually paid no taxes when he was running Bain Capital – but no one really knows since he won’t release those records, probably because they show he paid lots and lots of taxes and he doesn’t want to look too good.
The charity Romney donated to? The Mitt Romney Foundation for abused pets.