#1 Romney paid 14% effective tax rate in 201109-21-2012, 05:05 PM
By Jeanne Sahadi @CNNMoneySeptember 21, 2012: 4:50 PM ET
NEW YORK (CNNMoney) -- Mitt Romney made $13.7 million last year and paid $1.94 million in federal income taxes, giving him an effective tax rate of 14.1%, his campaign said Friday.
His effective tax rate was up slightly from the 13.9% rate he paid in 2010.
LINKYMay the FORCE be with you!
09-21-2012, 05:10 PM
The left and the MSM,(I know one of the same) wont be happy till he releases 10 years of returns.We're from Philadelphia, We Fight- Chip Kelly
- Join Date
- Mar 2010
09-21-2012, 06:50 PM
The media is going to spin this. He pays la lower percentage than most middle class tax payers.
09-21-2012, 06:51 PM
The media is going to spin this. He pays a lower percentage than most middle class tax payers. Is that because they tax him on capital gains only?
09-21-2012, 06:54 PM
Nevermind, I answered my own questions.
"Mr. Romney, who made millions by running Bain Capital, a private equity firm, paid an effective federal tax rate of 14.1 percent in taxes, primarily because most of his income was in the form of capital gains that are taxed at a lower rate than ordinary income."
09-21-2012, 09:51 PM...
Mitt and Ann Romney also donated about $4 million -- about 30 percent of their income -- to charity in 2011, though they only claimed a deduction of about $2.25 million from those donations, according to the campaign.
That means the Romneys voluntarily paid a higher tax rate than they were legally required, which the campaign said they did in order to stay consistent with Romney's pledge to never play less than a 13 percent tax rate...Good men sleep peaceably in their beds at night because
rough men stand ready to do violence on their behalf.
Real superheroes don't wear capes. They wear dog tags.
09-21-2012, 11:42 PMThe Obama Administration: Deny. Deflect. Blame.
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