Boston Globe reporter Todd Wallack quoted Attorney Morris N. Robinson, CPA, LL.M., in the conclusion of his article in today’s Boston Globe, January 19, 2012: “Few Americans Pay Full Tax Rate”. Read Attorney Robinson’s quote about Mitt Romney’s income tax payments or click below for the full article.
“Romney also probably benefited from an array of federal deductions that could push his effective tax rate even lower than 15 percent, said Morris N. Robinson, a Boston tax attorney. Robinson ticked off a list of strategies, including the use of investment losses to offset capital gains. He said he has used similar tactics to help his own clients. It’s completely legitimate,” he said, “but it means the highest rates that are advertised are not necessarily what people pay.”