Huffpost Business

Mitt Romney: Presidential Candidates Should Pay 'Only What The Tax Code Requires'

Posted: Updated:

JERUSALEM (AP) — Mitt Romney says that if he paid more taxes than were required, he wouldn't be qualified to be president.

The U.S. presidential candidate tells ABC News that American voters expect candidates to pay "only what the tax code requires." He says he hasn't calculated what percentage of his income was paid in taxes but says that he's been audited.

Romney's vast personal wealth has been an issue in the campaign.

Democrats have criticized him for paying only 13.9 percent of his income in taxes during the one year his taxes have been made public.

Romney says he will release an additional year of returns before Election Day. That has left some questioning whether Romney pays a smaller share than other Americans.

Around the Web

What Mitt Pays

Introduction | Mitt Romney for President

Mitt Romney's Taxes Aren't 'Complicated' to His Tax Lawyers ...

Investigation: Mitt Romney's Offshore Accounts, Tax Loopholes, and ...

How Mitt Romney's Tax Rate Stacks Up | TPM Media

Romney tax filings do matter to voters

Mitt Romney and the wimp factor

Levin: Romney Should Release More Tax Returns

Cohen: Secrets in Romney's tax returns won't surprise

Mitt Romney replicates George Pataki's strategy

  Obama Romney
Obama Romney
332 206
Obama leading
Obama won
Romney leading
Romney won
Popular Vote
33 out of 100 seats are up for election. 51 are needed for a majority.
Democrat leading
Democrat won
Republican leading
Republican won
Democrats* Republicans
Current Senate 53 47
Seats gained or lost +2 -2
New Total 55 45
* Includes two independent senators expected to caucus with the Democrats: Angus King (Maine) and Sen. Bernie Sanders (Vt.).
All 435 seats are up for election. 218 are needed for a majority.
Democrat leading
Democrat won
Republican leading
Republican won
Democrats Republicans
Seats won 201 234
Click for Full Results