One interesting point in the latest Romney tax return is that they underreported their charitable donations for tax purposes.
Romney and his wife, Ann, gave just over $4 million to charity, the campaign said. The amount includes more than $1 million in cash to the Church of Jesus Christ of Latter Day Saints and more than $200,000 to the Tyler Foundation, which serves families of children undergoing treatment for epilepsy. They also reported more than $900,000 in noncash contributions.
But the couple chose to deduct only $2.25 million of their charitable contributions. The reason was "to conform" to Romney's statement last month that he never paid less than 13% in income taxes over the past 10 years, Brad Malt, a lawyer who presides over the Romneys' blind trust, said in a statement.
So, they Romneyes gamed their tax return so they didn't look like they were gaming their return; they paid more than they had to in order to not look bad.
It's also good to note that Mitt's more generous with his money that his foes; their strong suit is being generous with other people's tax money.
Also, it's fair to note that 10% is the top rate on dividends, so the 14% figure isn't fishy; Romney got the lion share of his income from investments. Company's paying dividends have to pay taxes on the income that gets payed out at dividends, so that 10% is in addition to the 34% or so that companies pay in federal income taxes.