The highlight of a summary of Mitt and Ann Romney’s tax rates for each year from 1990 to 2009, provided by the Romney campaign (the actual summary will be released at 3 p.m. ET), is that the Romneys paid federal income taxes each year. There is no year in which they paid zero taxes or had an effective rate of zero, according to the campaign. “Over the entire 20-year period, the lowest annual effective federal personal tax rate was 13.66%,” the campaign says.
Senate Majority Leader Harry Reid (D-NV) famously – and repeatedly – said he had a reliable source who claimed Romney had paid zero taxes for 10 years.
I have no idea if Reid’s source is right, but a notarized letter from Price Waterhouse saying what Mitt’s tax rate was for the last 10 years should only be seen as a weak, weasely fucking joke that tells us nothing.
First, I’m not a lawyer, but I was a notary when I worked to register voters out West where voter suppression isn’t a new fad, and I could have notarized a signature on a shitstain and all that means is that the person who signed it did the signing in front of me.
Second, I can only imagine the complexity of Mitt Romney’s taxes and the different structures he uses in his many tax avoidance schemes. I’m sure that one of Mitt’s accountants could gin up a “tax rate” and consider his calculation correct. Until some independent tax experts look at Mitt’s taxes and calculate the effective tax rate in an agreed-upon way, we don’t have any idea what Mitt paid in taxes those years.
This turd is so laughably weak that Mitt might as well have issued a notarized shitstain. It would provide about the same amount of verifiable information.