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  1. #1 Romney paid 14% effective tax rate in 2011 
    eeeevil Sith Admin SarasotaRepub's Avatar
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    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.


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  2. #2  
    Senior Member Bailey's Avatar
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    The left and the MSM,(I know one of the same) wont be happy till he releases 10 years of returns.
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    Quote Originally Posted by Bailey View Post
    The left and the MSM,(I know one of the same) wont be happy till he releases 10 years of returns.
    .....And pays 100% income tax.....Wait, that wouldn't make them happy, either. After all, he served as governor and never accepted a salary, and served as Director of Olympics with no salary, and that doesn't satisfy them.
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    SEAduced SuperMod Hawkgirl's Avatar
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    The media is going to spin this. He pays la lower percentage than most middle class tax payers.
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    SEAduced SuperMod Hawkgirl's Avatar
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    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?
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    SEAduced SuperMod Hawkgirl's Avatar
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    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."

    http://thecaucus.blogs.nytimes.com/2...1-tax-returns/
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    Senior Member LukeEDay's Avatar
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    Quote Originally Posted by Starbuck View Post
    .....And pays 100% income tax.....Wait, that wouldn't make them happy, either. After all, he served as governor and never accepted a salary, and served as Director of Olympics with no salary, and that doesn't satisfy them.
    I am waiting for Romney to come out and say that he won't be accepting the salarie as President either. That would win him the election for sure.

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  8. #8  
    Senior Member Gina's Avatar
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    ...
    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
    ...
    So, yeah.
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    Quote Originally Posted by Bailey View Post
    The left and the MSM,(I know one of the same) wont be happy till he releases 10 years of returns.
    How about he released 20 years worth of tax returns: http://savejersey.com/2012/09/romney...n-information/
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  10. #10  
    Power CUer noonwitch's Avatar
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    Quote Originally Posted by Hawkgirl View Post
    The media is going to spin this. He pays la lower percentage than most middle class tax payers.

    It's lower than what I pay.



    All my state, local and federal taxes (including SS deductions) add up to about 33% of my paycheck. Even though I'm a government elite and all, I only make about $52,000 a year.
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