USA Today is reporting that Mitt Romney's 2011 tax return will be posted on the Internet today. Advance information is that he and his wife paid $1.9 million in taxes on about $13.7 million in income. They donated $4 million, or 30 percent, to charities. That is an effective 14.1 percent tax rate. In order to keep it as high as 14.1 percent, the Romneys reportedly only claimed half of their charitable donations.
In addition, a notorized letter from Pricewaterhouse Coopers reportedly also shows that Mitt and Ann Romney paid both state and federal income taxes for the past 20 years, starting with 1990 and going through 2009. The 2010 taxes have already been released.
The letter is reported to note that the Romneys paid an average rate of 20.2 percent for the 20-year period, with the lowest being 13.66 percent.
Romney has taken flack, a lot of it on local Patch sites, for his time at Bain Capital as well as his refusal to release his taxes.
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Do you think this is enough to satisfy reports that Romney didn't pay taxes or does he still need to release the last 20 years?
We know Timothy Geithner, Charlie Rangel and plenty others cheated on their taxes and I don't hear liberal weasels crying about them.
This guy wants to handle the finances of this country it is entirely relevant to the voters to see exactly how he handles his own. I seriously doubt Mitt's gonna release evidence that he did anything illegal .
1. He's not on the clock 2. He doesn't share an opinion, he only criticizes others 3. Just a few months ago, he too agreed that Obama is a loser He's a lot like Obama
I'd be more concerned about the fact that the president that says he's only going to tax the rich, hasn't told you about Jan. 2013. Starting in Jan. 2013, the marriage tax will commence once again, as will the child tax credits will be cut in half (from 1000 to 500). The middle class death tax returns. Higher tax rates on savers and investors on January 1, 2013. The capital gains tax will rise from 15 percent this year to 23.8 percent in 2013. The top dividends tax will rise from 15 percent this year to 43.4 percent in 2013. This is because of scheduled rate hikes plus Obamacare’s investment surtax. I want a Republican in the Whitehouse, because they generally leave this alone. A tax is a tax folks.
"All I've got"? I simply think Mitt should come clean with the people he wants to represent and release the usual and customary number of tax returns . The man is attempting to win an election and the appearance that he is hiding something doesnt bode well for him .
Know the difference between EARNED INCOME and CAPITAL GAINS. Earned income is your pay check, generally you pay about 28% in Fed taxes Capital gains is income from investments made with AFTER tax money. Kinda like the interest (if you can call the small amount that the bank pays on savings). Better results can be made in stock market, investment funds, etc. It is taxed at a lower rate BECAUSE the investment dollars have already BEEN taxed. Thus the lower < 20 percent range. For Christopher Michael----- Walton county schools If you don't know the difference between Tongue in Cheek and FOOT IN MOUTH, Watch Your STEP [:-)) Read the rest below.
------------------- Had to look for the above remark. That's why they have a reply button. [R E P L Y]. I grew up in Lakewood, you know where Chevrolet was and the Federal Prison still is. I AM a graduate of APES ---- Atlanta Public Education System.--- before CRCT And, unlike Brandt above, I know how the tax system works and don't need any help like he does And yes your "stuff" does stink. Ask the rest of the county If you don't know the difference between Tongue in Cheek and FOOT IN MOUTH, Watch Your STEP [:-))
I guess you cant or wont see the false equivalency in your attempt at argument? Why do you feel as though you have some right to see anyone's college transcripts? Exactly what is the relevance of Obama's Algebra grade from 1979? On the other hand... Recent tax returns that have been customarily supplied by nearly every presidential candidate going back for many years and are indeed a relevant indicator as to how a candidate manages his money . Further the willingness to make them available suggests the candidate has nothing to hide