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Report: Romney Overpaid $44K in Tax Mistake Report: Romney Overpaid $44K in Tax Mistake

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Campaign 2012

Report: Romney Overpaid $44K in Tax Mistake

A single mistake caused GOP presidential candidate Mitt Romney to unnecessarily pay tens of thousands of dollars in additional taxes last year, The New York Times reports.

The trustee for one of Romney's trusts overstated Romney's capital gains income by $300,000, unnecessarily causing the Romneys to overpay by $44,000, an amount approaching the median household income of $51,914.

 

In another discrepancy, reported by news organizations on Thursday, at least 23 "funds and partnerships" were listed on Romney's 2010 tax return, but not on his most recent financial disclosure form.

 

 

 
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