Former Massachusetts Governor Mitt Romney finally released his tax returns late Monday after several weeks of stalling. The documents reveal Romney paid just $3 million in income tax on a declared income of over $21 million.
“I realize that looks like I don’t pay as much as the average person, let alone a multimillionaire – but I had a lot of deductions this year” Romney said. “For example – and you can’t see that on the forms because it isn’t itemized – but for example my wife had extensive dental work done. That really cut things down.”
Probably most surprising was the fact that Romney filed the 1040-EZ form. “It’s a little known provision of the tax code, but if you’re super-rich you can do whatever you want. It’s perfectly legal!”