Romney goes above and beyond by releasing 2011 tax returns and 20 years of tax data

[patteeu]

Release of Romney's 2011 tax returns is imminent and the campaign has offered a preview of that return plus a summary of 20 years worth of relevant tax data:

2011 Highlights:

• In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment income.
• The Romneys’ effective tax rate for 2011 was 14.1%.
• The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income.
• The Romneys claimed a deduction for $2.25 million of those charitable contributions.
• The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.

Additionally, the Romney campaign is releasing a summary of 20 years of taxes, between 1990-2009, detailing their tax expenditures during those years:

• In each year during the entire 20-year period, the Romneys owed both state and federal income taxes.
• Over the entire 20-year period, the average annual effective federal tax rate was 20.20%.
• Over the entire 20-year period, the lowest annual effective federal personal tax rate was 13.66%.
• Over the entire 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income.
• Over the entire 20-year period, the total federal and state taxes owed plus the total charitable donations deducted represented 38.49% of total AGI.

A few observations:

• Romney paid more, both in terms of dollars and effective tax rate, than any of you who are secretaries.
• In fact, he paid more, both in terms of dollars and effective tax rate, than most of the people who will read this post.
• Romney is one charitable son of a gun.

[J Diddy]

Originally Posted by BucEyedPea

...

The fact that you hunted for me through 2 threads tells me all I need to know. yes, I'll knock the dust off that pussy, if you just chill out.

[Comrade Crapski]

Originally Posted by blaise

So, when will they prosecute him for tax fraud?

Right after Karl Rove gets indicted.

[CoMoChief]

Originally Posted by Mr. Kotter

Yeah, especially FOX and RWNJ radio....

The "right wingers" over at FOXNews war-mongering RINO's.

They're not real conservatives.

People really need to stop w/ the belief that they're differences between the 2 parties. There's really not. In the grand scheme of things they're both one of the same, financed and backed by the same global banks that have hijacked our economy and govt.

Nothing is going to change unless people wake up and realize that. We will continue to pay our taxes to the banks, and our great great great grandchildren will be living in a impoverished country. Do you guys know just how ****ing much 16 TRILLION DOLLARS is?!?!? Most people just don't care.......at all. As long as they're taken care of by the govt they're fine. Long gone are the days of hard work and getting rewarded for it.

Look at the generation before us compared to now. How many people here know many "males" that are very "handy", know how to work on cars, do home repairs, etc. I have some friends that have never even changed the oil in their ****ing cars or rotated their own tires. How many people do you know now that like to go camping, fish, hunt, and spend time out doors? Now most people are addicted to their PS3's, smartphones, iPads and computers/internet. This is just a couple of the many examples. Point is people now don't take responsibility for anything. The country's morals have changed. I don't belong to any particular religion and think most of that is a bunch of garbage that's been set up over the ages to create power (which it's true....many people have died and have been murdered over this). But I do think there are some aspects and morals that come from certain religious beliefs that are greatly beneficial to society and prosperity. But people have to be responsible for their own, plain n simple.

We can't afford war, we can't afford nationalized health care, we can't afford Social Security, medicare, and many other govt "entitlements". Just using common sense...by the time my generation gets to be the age where they start living off of SS, there won't be any money left from the baby boomer era, not to mention there are less and less people working, unemployment is rising, and less people are actually paying into it. It's a complete fraudulent system. That's not even adding to the fact that are dollar continues to fall, and other countries around the world are starting to shy away from our dollar as the world reserve currency.

Do you ****ing people understand that we're seriously on the brink of a major collapse in society. This is real life. Your friends, neighbors, family and loved ones will all be affected by this. But go head and vote for Romney or Obama....because they'll make things better. They're both financed and backed by banking cartels like Goldman Sachs and JP Morgan and BoA....the same companies that caused the giant recession in 2008....but you're right....Romney will make everything better because he's so much better than Obama. Or - vote for Obama because his first 4 years was not his fault...it was Bush's and the previous administration. He just needs 4 more years and he'll make everything right, he will steer this country down the correct path. We just need more hope and change. We need more and more surveillance and police force because we simply just do not have enough. There are so many terrorist that are just ready to strike us at any moment! We need more bills that take away our constitutional rights and we need TSA checkpoints all across the nations roads and highways because Al-Qaeda is hiding under our beds. Continue to watch FAUXNews and Huckabee, and Bill O'Reilly and Rachel Maddow and MSNBC and all of these giant media conglomerates that control the news we receive on the TV/radio/web etc.

[wazu]

20? Why not 40? What's he hiding?!

[chiefzilla1501]

Originally Posted by CoMoChief

The "right wingers" over at FOXNews war-mongering RINO's.

They're not real conservatives.

People really need to stop w/ the belief that they're differences between the 2 parties. There's really not. In the grand scheme of things they're both one of the same, financed and backed by the same global banks that have hijacked our economy and govt.

Nothing is going to change unless people wake up and realize that. We will continue to pay our taxes to the banks, and our great great great grandchildren will be living in a impoverished country. Do you guys know just how ****ing much 16 TRILLION DOLLARS is?!?!? Most people just don't care.......at all. As long as they're taken care of by the govt they're fine. Long gone are the days of hard work and getting rewarded for it.

Look at the generation before us compared to now. How many people here know many "males" that are very "handy", know how to work on cars, do home repairs, etc. I have some friends that have never even changed the oil in their ****ing cars or rotated their own tires. How many people do you know now that like to go camping, fish, hunt, and spend time out doors? Now most people are addicted to their PS3's, smartphones, iPads and computers/internet. This is just a couple of the many examples. Point is people now don't take responsibility for anything. The country's morals have changed. I don't belong to any particular religion and think most of that is a bunch of garbage that's been set up over the ages to create power (which it's true....many people have died and have been murdered over this). But I do think there are some aspects and morals that come from certain religious beliefs that are greatly beneficial to society and prosperity. But people have to be responsible for their own, plain n simple.

We can't afford war, we can't afford nationalized health care, we can't afford Social Security, medicare, and many other govt "entitlements". Just using common sense...by the time my generation gets to be the age where they start living off of SS, there won't be any money left from the baby boomer era, not to mention there are less and less people working, unemployment is rising, and less people are actually paying into it. It's a complete fraudulent system. That's not even adding to the fact that are dollar continues to fall, and other countries around the world are starting to shy away from our dollar as the world reserve currency.

Do you ****ing people understand that we're seriously on the brink of a major collapse in society. This is real life. Your friends, neighbors, family and loved ones will all be affected by this. But go head and vote for Romney or Obama....because they'll make things better. They're both financed and backed by banking cartels like Goldman Sachs and JP Morgan and BoA....the same companies that caused the giant recession in 2008....but you're right....Romney will make everything better because he's so much better than Obama. Or - vote for Obama because his first 4 years was not his fault...it was Bush's and the previous administration. He just needs 4 more years and he'll make everything right, he will steer this country down the correct path. We just need more hope and change. We need more and more surveillance and police force because we simply just do not have enough. There are so many terrorist that are just ready to strike us at any moment! We need more bills that take away our constitutional rights and we need TSA checkpoints all across the nations roads and highways because Al-Qaeda is hiding under our beds. Continue to watch FAUXNews and Huckabee, and Bill O'Reilly and Rachel Maddow and MSNBC and all of these giant media conglomerates that control the news we receive on the TV/radio/web etc.

That's all well and good, but you're then relying on people with a stubbornly rigid philosophy to lead a house and senate to implement change. Nothing will get done in congress without leadership. As much as I hate Mitt Romney the campaigner, I think it's pretty obvious that he's one of the most qualified leaders we've had in a very long time.

We saw what happened when Obama tried to jam his initiatives down America's throat. It was a major battle even with a Democratic house and it required him to cut back room deals and use Rahm the bully to push things ahead. That's why I never bought into the Ron Paul philosophy. Because it's one thing to have good ideas, but you have to have the leadership to do something with those ideas.

[Comrade Crapski]

Originally Posted by CoMoChief

Look at the generation before us compared to now. How many people here know many "males" that are very "handy", know how to work on cars, do home repairs, etc. I have some friends that have never even changed the oil in their ****ing cars or rotated their own tires. How many people do you know now that like to go camping, fish, hunt, and spend time out doors? Now most people are addicted to their PS3's, smartphones, iPads and computers/internet. This is just a couple of the many examples. Point is people now don't take responsibility for anything. The country's morals have changed. I don't belong to any particular religion and think most of that is a bunch of garbage that's been set up over the ages to create power (which it's true....many people have died and have been murdered over this). But I do think there are some aspects and morals that come from certain religious beliefs that are greatly beneficial to society and prosperity. But people have to be responsible for their own, plain n simple.

I'm completely set up in Brazil. I can leave any time I want and never have to come back here. The one thing I love about Brazil is I'll be surrounded by people who know how to survive through financial meltdowns (they have replaced their currency three times in the 20th century). Brazilians are resilient, and know how to live off the land. Plus they turn everything into a party. So while all the imbeciles in the idiocracy that the US will become will be lining up to get into FEMA camps where they will be set upon like short eyes on his first day in prison I'll be having a grand old time. I'll do my best to get as much family and friends out, but I can't guarantee anything. I warn people all the time to get ready but nobody wants to listen.

Originally Posted by CoMoChief

We can't afford war, we can't afford nationalized health care, we can't afford Social Security, medicare, and many other govt "entitlements". Just using common sense...by the time my generation gets to be the age where they start living off of SS, there won't be any money left from the baby boomer era, not to mention there are less and less people working, unemployment is rising, and less people are actually paying into it. It's a complete fraudulent system. That's not even adding to the fact that are dollar continues to fall, and other countries around the world are starting to shy away from our dollar as the world reserve currency.

Yup. We destroyed the country so one generation--- the baby boomuhs (the way George Carlin says it )--- would never know want.

Originally Posted by CoMoChief

Do you ****ing people understand that we're seriously on the brink of a major collapse in society. This is real life. Your friends, neighbors, family and loved ones will all be affected by this.

Yup. But people just look at you and me like we're crazy. They really don't think anything bad could possibly happen here. That stuff only happens to Germany.

We've fixed all our problems since then.

Just like WW1 was gonna be the 'war to end all wars'.

[Fish]

[BigRedChief]

Originally Posted by Tom.Jay61

I'm completely set up in Brazil. I can leave any time I want and never have to come back here.

I thought you loved America? Why do you hate America so much that you don't want to even be on its soil?

[Bo's Pelini]

1.4 million is more than most on here will pay in their lifetime.

Time to stop with the rich envy Libs.

[mikey23545]

So have slander charges been filed against Harry Reid yet?

[banyon]

Originally Posted by wazu

20? Why not 40? What's he hiding?!

Clearly nothing. That's why you summarize the returns and tell us to take your word for it right?

Also no one is ever hiding anything in a Swiss bank account or "28 pages worth of entities in the Cayman Islands" in the current return.

[CoMoChief]

Originally Posted by chiefzilla1501

That's all well and good, but you're then relying on people with a stubbornly rigid philosophy to lead a house and senate to implement change. Nothing will get done in congress without leadership. As much as I hate Mitt Romney the campaigner, I think it's pretty obvious that he's one of the most qualified leaders we've had in a very long time.

We saw what happened when Obama tried to jam his initiatives down America's throat. It was a major battle even with a Democratic house and it required him to cut back room deals and use Rahm the bully to push things ahead. That's why I never bought into the Ron Paul philosophy. Because it's one thing to have good ideas, but you have to have the leadership to do something with those ideas.

You mean Romney...the same person that's for shutting down businesses and outsourcing jobs to China and Taiwan? Or the Romney that essentially helped write Obamacare?

Real quick google "Mitt Romney top campaign contributors"
the first "real" search result will lead to this...
http://www.opensecrets.org/pres12/co...p?id=N00000286


You think Romney is a true qualified "leader" when he's clearly bought and paid for?

The presidential office is nothing more than a puppet position anymore.

[banyon]

Particularly starting at 8:00 in when she talks about the last time Mitt issues "summaries of tax returns" that turned out not to be accurate either.

Visit NBCNews.com for 5799DB !important;" href="http://www.nbcnews.com">breaking news, 5799DB !important;">world news, and 5799DB !important;">news about the economy

[LiveSteam]

Originally Posted by banyon

Particularly starting at 8:00 in when she talks about the last time Mitt issues "summaries of tax returns" that turned out not to be accurate either.

Visit NBCNews.com for 5799DB !important;" href="http://www.nbcnews.com">breaking news, 5799DB !important;">world news, and 5799DB !important;">news about the economy

She files as a male head of house hold

[WhiteWhale]

Interesting that he only claimed about half of his charity contributions.