Republican presidential nominee "Money Mitt" intentionally overpaid in his 2011 taxes.
Mitt Romney has been scrutinized about his refusal to release his tax returns prior to the year 2010. Both President Obama and VP Joe Biden have released twelve years of their tax returns, and Democratic sources says that Romney did not pay taxes during his ten-year tenure as CEO of Bain Capital.
Though he is keeping his tax returns beyond 2010 hidden, here is what he did release. Posted on www.mittromney.com are more details about Romney's 2011 tax returns:
The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. 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% in income taxes in each of the last 10 years.
Basically, he fudged his taxes to be higher than they're supposed to be, which says a lot about his integrity, or lack thereof.