Romney's Taxes

[CPA]

2) is already covered:

Yeah, I understand that, but you know someone is going to whine about him taking advantage of a widely-used tax tax strategy. That was my point.

 

[a777pilot]

2011 tax return. 20 year summary from 1990-2009. We should totally just accept that summary at face value.

I would give it the very same credibility as obama's LFBC released by the White House.

 

[CPA]

My only issue with this has to do with capital gains tax.

Issue with Romney or the tax itself?

 

[a777pilot]

Yeah, I understand that, but you know someone is going to whine about him taking advantage of a widely-used tax tax strategy. That was my point.

....and a good point it is.

 

[CPA]

So 33.65% combined for effective + charity. Seems in line. Good for romney :thumbsup:

which doesn't include his SS, Medicare and state income taxes.

 

[dank69]

I would give it the very same credibility as obama's LFBC released by the White House.

So, 0%?

 

[sunzt]

which doesn't include his SS, Medicare and state income taxes.

true, but the typical comparison of income taxes don't include that.

 

[Fern]

From the OP's link.

From the OP's link:

The Romney campaign is releasing Mitt and Ann Romney's 2011 tax return today.

Fern

 

[a777pilot]

So, 0%?

I was answering your question. If you wish to give this summery 0% credibility, such is your right.

 

[nehalem256]

Assuming their is no fraud in his returns I fail to see what his tax returns have to do with his ability to be President.

Is Romney such an awesome candidate that his tax returns are all liberals can find to complain about? 😀

 

[umbrella39]

This.

This, exactly. Where are the returns? Anyone can make a statement. Like they were born in this country. Without proof, he paid no taxes! 🙂 We'll see if he was creative enough to cover his ass his campaign year when they hit the net later. We'll keep pressing for more years, too. This is how the game works, the GOP has taught the dems well...

 

[chowderhead]

Flip Romney:
“I don’t pay more than are legally due and frankly if I had paid more than are legally due I don’t think I’d be qualified to become president.”
http://abcnews.go.com/Politics/tran...-romney/story?id=16881787&page=2#.UFy8Ya5p18E

Romneys limited their charitable deductions to conform to his statement that he paid 13% in income taxes in each of the last 10 years otherwise if he had taken all his deductions, his taxes would have been closer to 9%.
http://www.usnews.com/news/blogs/ba...st-tax-returns-reveal-high-charitable-giving-

So, the year he decides to run for President, he decides to pay more in taxes. Where are his previous years and why won't he release them? Is it because he may have taken amnesty in 2009 for his Swiss bank account?

 

[dank69]

I was answering your question. If you wish to give this summery 0% credibility, such is your right.

I was asking if you give Obama's birth certificate 0% credibility...

 

[Gonad the Barbarian]

This "summary" is like Obama releasing a doctor's note in lieu of his birth certificate.

 

[CPA]

true, but the typical comparison of income taxes don't include that.

Whenever we get into arguments on here about taxes, the liberal side, more often then not, go into a spin on how the 47% pay other taxes and those should be counted.

 

[CombatChuk]

So everyone jumping about how charitable Romney is, how much of these donations are to the Mormon church?

 

[Pens1566]

Yeah, I'm sure there's a reason he releases a completely unfounded "summary" on a friday afternoon. If he wanted this to be seen, it would have been released some other time.

 

[a777pilot]

I was asking if you give Obama's birth certificate 0% credibility...

I honestly don't care about his BC. It's OBE in any event. I do have an interesting question about it that has never been answered but maybe it will be in a few years. We shall see.

 

[a777pilot]

So everyone jumping about how charitable Romney is, how much of these donations are to the Mormon church?

Is that not giving to a charitable organization?

 

[umbrella39]

Yeah, I'm sure there's a reason he releases a completely unfounded "summary" on a friday afternoon. If he wanted this to be seen, it would have been released some other time.

Indeed. A summary. These folks that have been expecting a 50 year old document to surface repeatedly to prove Obama's existence will hit the mute button when it comes to producing paper work more than a year old, which is what is sounds like all Romney is willing to release. This is going to make him look worse than not releasing a thing and just continuing to be vague. However I can see some of the sheep have already bought it hook line and sinker.

 

[fleshconsumed]

I find it hard to believe that his average rate was 20% when for the last two he averaged 14. The only way I see it hitting 20% is if they averaged the annual percentage rates, instead of summing up total income over the last 20 years and dividing by the total sum of federal taxes paid. The former number is meaningless, the latter is the one that actually has meaning. But I doubt that's what was used to calculate 20%.

 

[CombatChuk]

Is that not giving to a charitable organization?

It's hard to say, especially when the Mormon doctrine decrees that at least 10% of your income goes to the church.

Then the bigger question is, how much influence would that church have if Romney would get elected as President.

 

[a777pilot]

Again, this is all just BS.

There are but a few real issues that matter in this election. Those, at the top of the list, are the economy and jobs.

We have proof that obama has no idea about how our economy works. It's time for a real leader to take charge.

 

[nehalem256]

I find it hard to believe that his average rate was 20% when for the last two he averaged 14. The only way I see it hitting 20% is if they averaged the annual percentage rates, instead of summing up total income over the last 20 years and dividing by the total sum of federal taxes paid. The former number is meaningless, the latter is the one that actually has meaning. But I doubt that's what was used to calculate 20%.

Why do you care how much Romney paid in taxes?

He is such an amazing candidate you can find nothing else to criticize?

 

[a777pilot]

It's hard to say, especially when the Mormon doctrine decrees that at least 10% of your income goes to the church.

Then the bigger question is, how much influence would that church have if Romney would get elected as President.

I would imagine less than the muslims have on this President.