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The couple gave just over $4 million to charity.
http://money.cnn.com/2012/09/21/pf/t...html?hpt=hp_t1
Good or bad move at this juncture?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
The couple gave just over $4 million to charity.
Depends on what is in the details, and I am imagining that they have been scrubbed pretty clean at this point.
Here is my question about Romney and taxes and the 47% figure. He has been quoted as saying that he has paid 'everything he is legally obligated to pay, and he cannot imagine that Americans would expect him to pay more than his legal obligation.
Given that is what he expects people to feel about his own taxes, why shouldn't he extend the same acceptance to those who have don't have a legal obligation to pay any taxes at all? Why would he want them to pay more?
He never said he wanted them to pay more taxes on their current incomes.
He said he wanted them to have the economic opportunity to make more money so the COULD pay taxes.
When did he say that he wanted them to pay more. The 47% comment he was talking about political strategy i.e. the message of low taxes won't resonate with those that don't pay any.
CC beat me to it.
So do any of you want the people who pay no income tax to pay income tax?
It's been strongly implied that you do.
Some of them, yes. Some of them, no.
Ah, I don't want to draw this out too much, but could you be a little more specific?
I want everyone to pay income tax but that's got nothing to do with Romney plan.
.The couple gave just over $4 million to charity
With a tax incentive so that the Mormon church can buy real estate and golden temples!
I'd bet that's what he was sitting on the whole time. "OK, if you insist..." His team will make sure that gets worked into the debates. Should make the 47% thing a wash at least.The couple gave 4$ million in charity
Some I would like to see placed in a position where they can pay taxes. Also, if you count the recent SC decision, corps who aren't paying are lumped into this category. Simply netting returns to zero, rather than reaping and rolling forward credit returns would be a nice start.
Those who cannot by dint of a variety of cir stances beyond their control, should not.
Not a particularly radical view, tbh
I don't know about good or bad, but it does look like his team is getting outmaneuvered by Obama's team.
Thanks.
In all honesty, CC, even though that is how the comments have been spun since the brouhaha erupted, I don't think that is what he meant.
The damage is already done. This will mitigate some of it, but why not release them in the first place?
It's kind of the opposite of the birth certificate thing. Obama didn't let the insanity build enough in that instance, but the su ion and resentment for Romney was a little lower level and only drew in one "celebrity" (Reid) that I can think of. The birther controversy could have owned an entire party.
Gecko: Taxes on the Wealthy Are So High I Paid Extra
Mitt Romney says that tax rates are too high—so high that he wants to cut them. So why did he deliberately avoid deducting charitable contributions in his 2011 tax return in order to pay a higher effective tax rate?
The Romney campaign released a letter about the Romneys' 2011 return on Friday, and says it plans to release the full return and a summary of previous years' returns late Friday. The Romneys, who are most likely worth more than $200 million, paid a 14.1 percent effective tax rate in 2011, less than many Americans who aren't nearly that wealthy. But they did so deliberately: The Romneys gave $4.1 million to charity, but only took a deduction of 2.5 million of that in order to make sure their tax rate stayed above 14 percent.
Forget for a second that Romney once said that paying more in taxes than owed would disqualify someone from running for president. The cynical answer here is that Romney deliberately paid more in taxes because he's "running for office for pete's sake." But his doing so undercuts one of his core policy arguments: That tax rates on the wealthy are too high. Not only that, but as revealed in the recording of a private fundraiser published by Mother Jones, Romney believes that those who pay income taxes are financing the laziness of those who don't, even though that's not a realistic description of Americans don't pay income taxes.
Yet Romney just opted to shovel more cash to those he sees as irresponsible moochers, because paying an even lower tax rate might harm his chances of getting elected. The best part? If he loses, he might be able to file an amended return and claim those deductions anyway.
http://www.motherjones.com/mojo/2012...h-i-paid-extra
I was just going by what he has repeatedly said and have not having ever met him or spoken to him I haven't presumed to actually know what he thinks.
Boutons, judging by the OP you should be a huge mitt romney fan. if every rich person gave away half of their wealth in taxes/charity we'd be in great shape tbh. Maybe you should apply for Willard's next 4 million giveaway.
Pretty much whottt everybody expected...
"if every rich person gave away half of their wealth in taxes/charity we'd be in great shape tbh."
They don't, so they retain 85%+ of their wealth and American inequality continues to increase while America's GINI coefficient is WAY DOWN the international list.
Last edited by boutons_deux; 09-21-2012 at 04:29 PM.
Nowhere does it say he will actually release all those tax returns - only that they will be releasing do ents about that 20 year period. He seems to be releasing summary type information for that time frame.
As for a good or bad move- mostly bad to me. It reminds people just how much money he earns when he does not even work while he insults the working poor.
Romney paid 20% over the past 20 years as a whole
"in addition, the Romney campaign said Romney's tax filings from 1990 to 2009 show that the couple paid 100% of the federal and state income taxes they owed and that their overall average annual effective federal tax rate was 20.2%"
and also gave substantially more to charity.
you mad that willard is more giving and paid a higher tax rate than you could ever hope to
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