Romney Puts His Money Where His Faith Is

(Reuters) - Using a practice that made him eligible for large tax deductions, Mitt Romney gave the Mormon church substantial stock holdings that he obtained through his private equity firm, according to documents filed with the government and to Romney associates.

The tactic used by Romney to help meet his Mormon obligation of "tithing" - in which members donate 10 percent of their income to the church - is a common way for wealthy Americans to make large donations to charities, tax specialists say.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles