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kpete

(72,904 posts)
Fri Aug 17, 2012, 10:39 AM Aug 2012

MITT-He not only fudges the numbers to America, but also his God.

Romney explains his taxes: “Every year I’ve paid at least 13%,” Romney told reporters during a brief news conference in Greer, S.C., “and if you add, in addition, the amount that goes to charity, why the number gets well above 20%. Read more Just a thought, isn't the tithe supposed to be 10%? Assuming he only made donations to his church, that still only adds up to 7% and change. He not only fudges the numbers to America, but also his God. And, if he only made charitable contributions to his church, Scrooge had nothing on him.

http://www.eschatonblog.com/2012/08/good-morning_17.html
http://www.nydailynews.com/news/election-2012/mitt-romney-insists-paid-taxes-13-percent-article-1.1137782#ixzz23nEdMgCU

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MITT-He not only fudges the numbers to America, but also his God. (Original Post) kpete Aug 2012 OP
"the number gets well above 20%" jberryhill Aug 2012 #1
Romney said "well above 20%" cleduc Aug 2012 #2
rMoney's "god" is a dollar sign. HopeHoops Aug 2012 #3
Isn't it a crime to promote illegal tax evasion schemes? KurtNYC Aug 2012 #4
 

jberryhill

(62,444 posts)
1. "the number gets well above 20%"
Fri Aug 17, 2012, 10:48 AM
Aug 2012

I love that line.

WHAT number gets above 20%? Charitable donations decrease your taxes, but he adds them together.
 

cleduc

(653 posts)
2. Romney said "well above 20%"
Fri Aug 17, 2012, 10:53 AM
Aug 2012

Let's say he made $110 (to keep it simple)
10% to Mormons $ 11 - tax deduction
left with $100 taxable
he pays $ 13.7 in taxes.

So (11 + 13.7)/110 = 22.5% in income tax and Mormon church contribution

22.5% is "well above 20%"

KurtNYC

(14,549 posts)
4. Isn't it a crime to promote illegal tax evasion schemes?
Fri Aug 17, 2012, 12:44 PM
Aug 2012

Mitt is promoting the idea that money given to charity counts as taxes paid.

Money given to non-profits is ONLY a deduction from income. BIG difference and he should know better.

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