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Old 09-21-2012, 02:01 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 09-21-2012, 05:31 PM   #31
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Originally Posted by ChiTown View Post
- the responses are very typical of what I expected from you knuckleheads.
This place is ridiculous.
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Old 09-21-2012, 05:34 PM   #32
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This place is ridiculous.
Is dirty diaper bad around here.
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Old 09-21-2012, 05:43 PM   #33
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It's about bitching about everything there is to possibly bitch about before bitching about the fact that there's nothing left to bitch about.
There is always something to bitch about.
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Old 09-21-2012, 06:31 PM   #34
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Lefty hate will spiral out of control as overseas Americans live in danger under Obamas policies
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Old 09-21-2012, 06:32 PM   #35
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Originally Posted by HonestChieffan View Post
Lefty hate will spiral out of control as overseas Americans live in danger under Obamas policies
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Old 09-21-2012, 06:50 PM   #36
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Originally Posted by KC Fish View Post
I'm gonna need to see his long form tax returns. This looks totally fake. Why won't he release his long form? That's all he has to do to prove it....




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Old 09-21-2012, 06:53 PM   #37
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Quote:
Originally Posted by ChiTown View Post
- the responses are very typical of what I expected from you knuckleheads.
Birtherism lives!
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Old 09-21-2012, 08:23 PM   #38
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Quote:
Originally Posted by Saul Badguy View Post
It's about bitching about everything there is to possibly bitch about before bitching about the fact that there's nothing left to bitch about.
oh yeah, nothing to bitch about huh? Only 2 years of taxes, what is he hiding? he also delayed the release of his taxes so he give the government back $2,000,000.

Why would Mitt give the government back the deductions that he was legally entitled to claim? Because they would have put his tax rate at 10%.

He says all the time I pay every $ that I legally owe and not a $ more. Why would I pay more taxes that I owe?

Well we now know dont we Mitt, to keep from having bad publicity right before the election.
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Old 09-21-2012, 08:24 PM   #39
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So now we are complaining that he pays too much in taxes?
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Old 09-21-2012, 08:35 PM   #40
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Originally Posted by Mr. Plow View Post
So now we are complaining that he pays too much in taxes?
For me, I don't give a shit about his taxes. He was just a rich guy hiding his money in Cayman's, Swiss bank accounts to avoid taxes. Typical 1% behavior, not presidential behavior but for me way done on the reasons to vote for or not vote for a guy.

But, to point out the hypocritical choice he made today to try to look like he pays a more reasonable tax rate is what he has coming to him. You pull hypocritical PR moves, you get called on them.
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Old 09-21-2012, 08:41 PM   #41
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For me, I don't give a shit about his taxes. He was just a rich guy hiding his money in Cayman's, Swiss bank accounts to avoid taxes. Typical 1% behavior, not presidential behavior but for me way done on the reasons to vote for or not vote for a guy.

But, to point out the hypocritical choice he made today to try to look like he pays a more reasonable tax rate is what he has coming to him. You pull hypocritical PR moves, you get called on them.
Watch out Mittens! Mt CP Kool-Aid man is gonna call you out on your hypocritical PR moves. Like he had to worry about getting your vote anyway. Like I said before, how predictable of you to show up here right around election time with your intellectual dishonesty and your own brand of shillism and hypocrisy. Carry that water there fella...
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Old 09-21-2012, 08:45 PM   #42
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So we take his word for it on the 20 years of returns?

Like when he claimed he'd never filed taxes as a UT resident, then actually had?
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Old 09-21-2012, 08:46 PM   #43
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Quote:
Originally Posted by Dallas Chief View Post
Watch out Mittens! Mt CP Kool-Aid man is gonna call you out on your hypocritical PR moves. Like he had to worry about getting your vote anyway. Like I said before, how predictable of you to show up here right around election time with your intellectual dishonesty and your own brand of shillism and hypocrisy. Carry that water there fella...
You've been here for 10 years and have posted less than 2000 times and you're going to call out someone for not posting enough to have an opinion?
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Old 09-21-2012, 09:11 PM   #44
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So we take his word for it on the 20 years of returns?

Like when he claimed he'd never filed taxes as a UT resident, then actually had?
Yea i'm interested in how they did the averages.
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Old 09-21-2012, 09:17 PM   #45
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Originally Posted by banyon View Post
So we take his word for it on the 20 years of returns?

Like when he claimed he'd never filed taxes as a UT resident, then actually had?
and the R's see no problem with this.

Same basic principle as we are going to borrow $5 trillion from the Chinese to give tax cuts heavily favored for the rich and just trust us on the rich taxpayer loopholes we will close, see us after the election.
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