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Old 09-21-2012, 01:01 PM  
patteeu patteeu is offline
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Romney goes above and beyond by releasing 2011 tax returns and 20 years of tax data

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:

Quote:
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.
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Old 09-22-2012, 10:35 AM   #106
chiefzilla1501 chiefzilla1501 is offline
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Originally Posted by CoMoChief View Post
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?
That's a tremendous discredit to the job he did in the olympics and at Bain. As a leader of people. You don't seem to have an understanding of how difficult it is to manage people, let alone hundreds of people. And Romneycare is a classic example. Stubborn conservatives would suggest that Massachussetts, in a state of collapse, should have been given the Boehner treatment. Stonewall the state, get nothing done, but then celebrate because you didn't approve any new mass spending. As a moderate, I respect that Romney was willing to abandon principle in order to get things done. While I hate Obamacare on a federal level, it was something Massachussetts badly needed at that specific time.


Quote:
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.
This is the reality of any given situation. You have to play the game. Frankly, I think Mitt will say and do whatever he needs to say or do to get elected. But I think his experience as a business leader suggests he knows he'll have to make some compromises.
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Old 09-22-2012, 11:01 AM   #107
qabbaan qabbaan is offline
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Originally Posted by banyon View Post
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.
The summary statement of his past 20 years was certified by Price Waterhouse Coopers, it wasn't written up by his press secretary.
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Old 09-22-2012, 11:05 AM   #108
BucEyedPea BucEyedPea is offline
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Good for Mitt if he has his money in the Cayman Islands or Swiss Banks. It doesn't belong to the government or other people. For cripe sakes, some people sense of property is just to communistic.
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Old 09-22-2012, 11:50 AM   #109
banyon banyon is offline
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Originally Posted by qabbaan View Post
The summary statement of his past 20 years was certified by Price Waterhouse Coopers, it wasn't written up by his press secretary.
Did you see the part about where the last time he issued a summary it forgot to mention several important things?
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Old 09-22-2012, 11:51 AM   #110
banyon banyon is offline
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Originally Posted by BucEyedPea View Post
Good for Mitt if he has his money in the Cayman Islands or Swiss Banks. It doesn't belong to the government or other people. For cripe sakes, some people sense of property is just to communistic.


Yes everyone should just put their money in the Caymans in the entire country, that way we could have a tax base of Zero.
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Old 09-22-2012, 11:57 AM   #111
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Old 09-22-2012, 12:09 PM   #112
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Originally Posted by banyon View Post
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.

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Old 09-22-2012, 12:46 PM   #113
banyon banyon is offline
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Originally Posted by mikey23545 View Post
The goalposts were always show us the returns. The returns were not shown.

It's like a girl telling you she'll show you her breasts and then just putting on a v neck sweater and telling you "close enough"!
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Last edited by banyon; 09-22-2012 at 12:52 PM..
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Old 09-22-2012, 02:30 PM   #114
suzzer99 suzzer99 is online now
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http://www.boomantribune.com/story/2012/9/22/91231/4741

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I'm still struggling to understand why Mitt Romney's family attorney (aka, his "blind" trustee) decided to tell everyone that Romney didn't claim all the charitable deductions that he was entitled to declare. Were we all supposed to be like "Yeah!! There's a man who keeps a promise to pay at least 13% of his income in taxes"? Or were we supposed to be like, "Yeah!! Look at how generous this guy is"?

Was this a matter of Romney not wanting to give a charitable contribution without us all knowing about it?

To be clear, I understand the motivation for wanting the keep the effective rate at 14.1% rather than 9%. But it is much less effective when you tell us all that you overpaying your taxes in order to avoid looking bad.

I mean, first of all, you look like a dolt to yourself and your peers. Romney, remember, famously said that he wouldn't even be qualified to serve as president if he paid one cent more in taxes than he was legally obligated to do. So, he says that, and then goes out and pays a lot more in taxes than he was legally obligated to do. And his lawyer makes sure that we all know this when there was really no reason for us to know it. There's no crime in failing to claim a charitable donation on your taxes.
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Old 09-23-2012, 03:32 AM   #115
Comrade Crapski Comrade Crapski is offline
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I thought you loved America?
I love my country, I hate the pigs in the federal government who have destroyed it.

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Why do you hate America so much that you don't want to even be on its soil?
That's a question Obama should have asked his whore mother.
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