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Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 11:13 am
by FAH1223
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WASHINGTON—Mitt Romney and his wife, Ann, paid an effective tax rate of 14.1% for 2011—roughly in line with other recent years—the campaign said in a blog post aimed at defusing criticism of the wealthy candidate.
The campaign also said that the full return for 2011 would be released around 3 p.m. EDT Friday. Previously the campaign had released an estimate of the Romneys' 2011 return.
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The return will show that the Romneys paid $1,935,708 in tax on income of $13,696,951 for 2011, most of it investment returns, the campaign said. Investment income often is subject to special low tax rates; the current top rate for capital gains and dividends is 15%. That helped the Romneys achieve their relatively low tax rate for 2011 and other years. Democrats have criticized the Romneys' tax rate as evidence that the well-to-do don't pay their fair share under current rules.
The Romneys' tax rate also was lowered by very large gifts to charity—more than $4 million in all, the campaign said. That resulted in a deduction of $2.25 million.
To reduce the impact of their substantial charitable gifts on their 2011 tax rate, the Romneys "limited their deduction of charitable contributions," the blog post said. That kept the rate in line with Mr. Romney's estimate in August that he paid at least 13% in income taxes in each of the last 10 years, said the blog post by Brad Malt, the trustee of Mr. Romney's blind trust.
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 11:31 am
by qoraxeey
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 8:56 pm
by zulaika
even if he paid 86% of $14mill...he's still way too rich for someone in elected office.....and they point fingers at corrupt foreign politicians.
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:05 pm
by FAH1223
zulaika wrote:even if he paid 86% of $14mill...he's still way too rich for someone in elected office.....and they point fingers at corrupt foreign politicians.
he's made his money through investments
im not opposed to rich men being in office but he's one who is out of touch and scretive with his finances to the american public
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:27 pm
by truther
I read somewhere that he gave more to charities than your average American.
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:30 pm
by Alphanumeric
A couple Mormons knocked on my door yesterday. They believe in a living prophet. Heh.
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:32 pm
by truther
Alphanumeric wrote:A couple Mormons knocked on my door yesterday. They believe in a living prophet. Heh.
Don't they hate blacks? Like they can't join the church or something. I don't remember.
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:35 pm
by zulaika
FAH1223 wrote:zulaika wrote:even if he paid 86% of $14mill...he's still way too rich for someone in elected office.....and they point fingers at corrupt foreign politicians.
he's made his money through investments
im not opposed to rich men being in office but he's one who is out of touch and scretive with his finances to the american public
rich men in office will always be out of touch with their constituents....
"let them eat cake"
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:36 pm
by Alphanumeric
truther wrote:Alphanumeric wrote:A couple Mormons knocked on my door yesterday. They believe in a living prophet. Heh.
Don't they hate blacks? Like they can't join the church or something. I don't remember.
Never asked. They seemed pretty friendly though. Even had them laughing a couple times. And they were recruiting among the projects, which should disprove that claim.
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:40 pm
by truther
Alphanumeric wrote:truther wrote:Alphanumeric wrote:A couple Mormons knocked on my door yesterday. They believe in a living prophet. Heh.
Don't they hate blacks? Like they can't join the church or something. I don't remember.
Never asked. They seemed pretty friendly though. Even had them laughing a couple times. And they were recruiting among the projects, which should disprove that claim.
No, I am not spouting inner-city rumours. I am talking about actual history. I remember I read it somewhere that African Americans are not allowed to join the church or something.
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:49 pm
by SultanOrder
Mormons only recently let african americans join their church in high numbers, before they were considered descendents of demons or evil spirits, and in doctrine it still exists.
And [God] had caused the cursing to come upon them, yea, even a sore cursing, because of their iniquity. For behold, they had hardened their hearts against him, that they had become like unto a flint; wherefore, as they were white, and exceedingly fair and delightsome, that they might not be enticing unto my people, the Lord God did cause a skin of blackness to come upon them. And thus saith the Lord God; I will cause that they shall be loathsome unto thy people, save they shall repent of their iniquities." (2 Nephi 5:21)
Only after the civil rights bill against discrimination did they start to allow black people as priests.
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:53 pm
by SummerRain
White Boy, Are you voting this year?
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:55 pm
by truther
Perfect_Order wrote:Mormons only recently let african americans join their church in high numbers, before they were considered descendents of demons or evil spirits, and in doctrine it still exists.
And [God] had caused the cursing to come upon them, yea, even a sore cursing, because of their iniquity. For behold, they had hardened their hearts against him, that they had become like unto a flint; wherefore, as they were white, and exceedingly fair and delightsome, that they might not be enticing unto my people, the Lord God did cause a skin of blackness to come upon them. And thus saith the Lord God; I will cause that they shall be loathsome unto thy people, save they shall repent of their iniquities." (2 Nephi 5:21)
Only after the civil rights bill against discrimination did they start to allow black people as priests.
Yes. Thank you. Alpha this is what I was talking about. I read it a long time ago.
Could've used wikipedia.

Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:56 pm
by Alphanumeric
Perfect_Order wrote:Mormons only recently let african americans join their church in high numbers, before they were considered descendents of demons or evil spirits, and in doctrine it still exists.
And [God] had caused the cursing to come upon them, yea, even a sore cursing, because of their iniquity. For behold, they had hardened their hearts against him, that they had become like unto a flint; wherefore, as they were white, and exceedingly fair and delightsome, that they might not be enticing unto my people, the Lord God did cause a skin of blackness to come upon them. And thus saith the Lord God; I will cause that they shall be loathsome unto thy people, save they shall repent of their iniquities." (2 Nephi 5:21)
Only after the civil rights bill against discrimination did they start to allow black people as priests.
Wow lol. I'll bring this up next time they come around.
I should get a copy of this book. Could be a fun read.
Re: Romney Paid 14% tax rate on $14 million dollars
Posted: Sat Sep 22, 2012 9:59 pm
by Arabmann
A vote for Romney is a vote for change. A vote for Obama is a vote for the status quo and 4 more years of things getting worse. Somali Americans should consider Romney.