Get breaking news alerts via email

Click here to manage your alerts
Romney writes off only a portion of LDS charity to keep tax rate up

First Published Sep 21 2012 03:18 pm • Last Updated Sep 28 2012 06:02 am

Washington • Republican presidential candidate Mitt Romney gave about $2.6 million to the LDS Church in tithing last year, though he only claimed a little over $1 million on his federal income tax filings to ensure a higher tax rate.

Romney, the first Mormon to head a major-party presidential ticket, and his wife, Ann, pulled in nearly $13.7 million in income last year, according to tax records disclosed by his campaign Friday.

Join the Discussion
Post a Comment

The couple’s donations to The Church of Jesus Christ of Latter-day Saints appear to be almost double the 10 percent tithe faithful members are asked to give to the Salt Lake City-based faith.

In addition to Romney’s direct contributions to the LDS Church, he also gave to the faith through his charity for a total of $3.07 million last year, according to his campaign. The campaign also said Friday that the Romneys have given, on average, 13.45 percent of their income annually to charity, including the LDS Church.

Ann Romney told Parade magazine recently that she loves tithing and that when they write the check to the LDS Church, she actually cries.

"So do I, but for a different reason," Mitt Romney interjected.

The Romneys have also given annually to their family charity, the Tyler Charitable Foundation, which, in turn, has paid out large sums to the Cystic Fibrosis Foundation, Sabin Children’s Foundation, National Multiple Sclerosis Society and to Mitt Romney’s alma mater, Brigham Young University.

Romney’s campaign has refused to release more than two years’ worth of tax records but claims that the lowest effective tax rate the Romneys have paid is 13.66 percent.

To keep his 2011 taxes above that mark, Romney only wrote off about half his charitable giving, according to R. Bradford Malt, who heads up the Romneys’ blind trusts.

Malt said in a blog post Friday that the couple limited their deduction of charitable contributions to "conform" with Romney’s statement that he has paid at least 13 percent of his income in taxes during the past decade.

story continues below
story continues below


Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.