Mitten$ said earlier this year that if you pay more in Federal taxes than you legally owe, you should not be President. Rick Newman points out that using that rule, Mitten$ should drop out now because of his 2011 filing. Newman also wonders how the 2011 shrunk by about $7 million since the preliminary release.
UPDATE: Jacob Weisberh finds another goof:
...Brad Malt, the trustee of Romney’s blind trust, notes that the candidate and his wife paid $1,935,708 in taxes on $13,696,951 in income, for an effective tax rate of 14.1 percent. Malt notes that the Romneys claimed only $2.25 million in charitable deductions, despite having given more than $4 million to charity. By way of explanation, Malt states:
“The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13 percent in income taxes in each of the last 10 years.”
In fact, Romney never made any commitment to pay a minimum of 13 percent, or more than what he owed in 2011.
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