Romney disclosing his 2011 tax returns at 3pm Eastern; admits not qualified to be president

Mind you, this raises his tax disclosure to a grand whopping total of two returns.

He required ten from Paul Ryan.  He’s giving us two.

The highlights: Romney’s tax rate was 14.1%.  He only got that “high” a rate after jiggering the numbers for the past 9 months.  The Romney campaign admits that Romney jiggered his 2011 taxes in order to make them look better for the election:

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.

So basically, Romney got the financial equivalent of a fake tan.  And even then, his tax rate was an absurdly low 14.1%.

ThinkProgress notes that had Romney taken all of his charitable deductions, he’d have paid a tax rate of around 9%. And they note that, per Romney’s own words, he now isn’t qualified to be president.

I don’t pay more than are legally due and frankly if I had paid more than are legally due I don’t think I’d be qualified to become president. I’d think people would want me to follow the law and pay only what the tax code requires.

Gosh, quite the “gaffe,” Mitt Romney admitting that he’s not qualified to be president.

9%.  If I could only remember the word someone once used for people who weasel out of paying their fair share of taxes…

I’m sure it’ll come to me….

Follow me on Twitter: @aravosis | @americablog | @americabloggay | Facebook | Instagram | Google+ | LinkedIn. John Aravosis is the Executive Editor of AMERICAblog, which he founded in 2004. He has a joint law degree (JD) and masters in Foreign Service from Georgetown; and has worked in the US Senate, World Bank, Children's Defense Fund, the United Nations Development Programme, and as a stringer for the Economist. He is a frequent TV pundit, having appeared on the O'Reilly Factor, Hardball, World News Tonight, Nightline, AM Joy & Reliable Sources, among others. John lives in Washington, DC. .

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