Stop it, Governor Romney. Stop fudging and skirting around the truth. Yesterday, on 60 Minutes you did it again. OK, you paid 14.1 % in federal income taxes in 2011. Th lion's share, I presume, on capital gains and dividends. We learned that only last Friday when you deigned to open up a sliver of sunlight on your federal taxes. And that's after your preparers tweaked the figures so the rate would not have been a measly 9.4%. What a sweetheart deal!
So you kind of fessed up. But when you were asked how you would explain these bargain rates to a wage earner who's taxed at 28% or higher, what did you say? Your income was taxed twice? Bain paid on it too? Really?
I think you forgot Republican Talking Points 101. Remember, a corporation is a person? And although some people might believe that you have multiple personalities, the law counts you as "one sole and solitary person". Ergo, "your" 2011 income was actually only taxed once. What Bain paid, after taking all its deductions---including foreign tax credits---and after deferring taxes, is actuarially irrelevant.
You paid 9.4%...I mean 14.1%. So just stop being disingenuous. Pure and simple, you're playing a shell game when you have Bain do any heavy lifting of YOUR tax burden. And by the way do you mind if we see a few tax returns while you still were at Bain?
I won't hold my breath.