• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Romney reveals his tax rate is close to 15%

Ausm said:
Romney reveals his tax rate is close to 15%

No wonder he doesn't want the Bush tax cuts to expire!

http://news.yahoo.com/romney-reveals-tax-rate-probably-closer-15-percent-164154964--abc-news.html
Click to expand...

Fucking 1%er
======================================================

Mitt Romney revealed for the first time today that his effective tax rate is "closer to 15 percent," suggesting that he pays less in taxes than many middle income Americans despite being worth an estimated $250 million.
 
I love how his 370k income from speaking fees is "not very much". 370k is more than the yearly income for 99% of Americans.

That shows more about him than his tax rate.
 
This part bothers me a little:

"In prior races for president the tradition has been that the nominee releases his tax returns in tax season, in April," Romney said. "And I know that if I'm the nominee, people will want to see the most recent year, and see what happened in the most recent year and what things are up to date, and so they'll want to see the tax returns that come out in April, so rather than sort of have multiple releases of tax returns, why…we'll wait until the tax returns for the most recent year are completed, then release them."
Click to expand...

So we'll see one return, done in anticipation of being released to the public. I'd rather see his older returns from back before he knew he would run for POTUS and have to release them for public view.

- wolf
 
woolfe9999 said:
This part bothers me a little:



So we'll see one return, done in anticipation of being released to the public. I'd rather see his older returns from back before he knew he would run for POTUS and have to release them for public view.

- wolf
Click to expand...

Exactly, he's been running for years now. I want to see one from the Bain years, you know, when he was a "job creator". :sneaky:
 
his tax rate should be 15%, but only for suggesting other people pay CG taxes. The less money going into the government coffers, the better. Don't forget that he pays a lot of local property tax.

Romney sucks on taxes and he's already said he said the minimum wage should be adjusted for inflation.
 
Last edited:
Throckmorton said:
His money came from book sales and his salary... How could an accountant possibly get him to pay a 15% tax rate on income? 15% is only for the investor class, not people who work for a living.
Click to expand...

Oh, they can get very creative with this stuff. The tax code is SOO huge, it would be easy to play the shell game with the money and make it go away.

I can only really think of two legitimate reasons for why this was not done:

1. Not enough earnings to warrant the expense of said accountant. I really have no idea what the cost is of an accountant who can legally make money vanish for tax purposes...cannot be cheap.
2. Politics. Having a high tax rate is good for your election chances.
 
cybrsage said:
Oh, they can get very creative with this stuff. The tax code is SOO huge, it would be easy to play the shell game with the money and make it go away.

I can only really think of two legitimate reasons for why this was not done:

1. Not enough earnings to warrant the expense of said accountant. I really have no idea what the cost is of an accountant who can legally make money vanish for tax purposes...cannot be cheap.
2. Politics. Having a high tax rate is good for your election chances.
Click to expand...
Option 3 not on your radar, huh?
3. $3716151 isn't bad take home for a year, no need to squeeze any more with potentially shady tactics.
 
dank69 said:
Option 3 not on your radar, huh?
3. $3716151 isn't bad take home for a year, no need to squeeze any more with potentially shady tactics.
Click to expand...
No kidding. It's quite telling that he's shocked someone might actually show integrity instead of greed.
 
woolfe9999 said:
This part bothers me a little:



So we'll see one return, done in anticipation of being released to the public. I'd rather see his older returns from back before he knew he would run for POTUS and have to release them for public view.

- wolf
Click to expand...

Damn good point because those previous tax returns wouldn't be a "sanitized" version.
 
Last edited:
You must log in or register to reply here.

TRENDING THREADS

Back
Top