GOP presidential candidate booed: He can't remember details on taxes

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At a town hall-style meeting Monday in Cleveland, the GOP presidential candidate got this pointed question about his investments: In this age of tough foreign competition, could Romney explain the "over $1.5 million in foreign tax credits" he received since 2000?


"I'm not familiar with that," Romney told the man who asked.


The crowd booed.


"I didn't think I paid any foreign income taxes, but I'll be happy to take a look at it."


In fact, Romney and his wife, Ann, paid more than $1.2 million in foreign taxes on so-called passive investments from 2000 through 2010, and paid about $800,000 in taxes on general income to unspecified countries.


That's according to the couple's own tax returns.


Their foreign tax bills entitled them to more than $1.5 million in tax credits in the United States since 2000.



Romney's campaign did not immediately respond to a request for comment.



http://www.wrcbtv.com/story/18166367/did-romney-earn-tax-credits-for-overseas-profits
 
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