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In reply to the discussion: Dems have Romney's tax returns. [View all]Lightbulb_on
(315 posts)102. Released his 2011 return...
... and some combined stats for the years before.
http://www.mittromney.com/blogs/mitts-view/2012/09/note-trustee-brad-malt
Per the release...
Regarding the newly-filed 2011 Tax Return:
In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment income.
The Romneys effective tax rate for 2011 was 14.1%.
The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income.
The Romneys claimed a deduction for $2.25 million of those charitable contributions.
The Romneys generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.
Regarding the PWC letter covering the Romneys tax filings over 20 years, from 1990 2009:
In each year during the entire 20-year period, the Romneys owed both state and federal income taxes.
Over the entire 20-year period, the average annual effective federal tax rate was 20.20%.
Over the entire 20-year period, the lowest annual effective federal personal tax rate was 13.66%.
Over the entire 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income.
Over the entire 20-year period, the total federal and state taxes owed plus the total charitable donations deducted represented 38.49% of total AGI.
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I sure hope they do. They don't have to show them. Just ask him about specific items during
nanabugg
Sep 2012
#5
Well, we know that he *did* pay in two of the last ten years. So, how valid is the rest of
SlimJimmy
Sep 2012
#61
But, wasn't that after Obama said they had the list of names with off-shore accounts?
Frustratedlady
Sep 2012
#152
And, if it IS true (ohplease!ohplease!ohplease!), Reid looks like a very wise man.
Indpndnt
Sep 2012
#87
No....Roselyn ! That would be the ultimate - a "wo-man" (said like Seinfeld says Neu-man"
Laura PourMeADrink
Sep 2012
#22
I doubt whether he ever used form 1040EZ. Nowhere to put the Cayman Island accounts!
madinmaryland
Sep 2012
#35
If they worked at the IRS, yes. If it's someone Romney voluntarily gave the returns to,
gkhouston
Sep 2012
#42
It's interesting. When someone gives a candidate returns, you would think they would get them
Laura PourMeADrink
Sep 2012
#54
Got a link for that? To me, it looks like government employees who legitimately acquire the
gkhouston
Sep 2012
#85
IRS employees are barred from looking at their own returns. Period. You answer lots of questions
Democrat 4 Ever
Sep 2012
#103
If there is a confidentiality agreement, then it's a matter for civil law.
Jackpine Radical
Sep 2012
#113
I don't trust this. It has Rove all over it. I don't trust John McCain. At all!!!!
Liberal_Stalwart71
Sep 2012
#34
Didn't Rove "leak" indirectly to the Kerry campaign a letter that turned out to be fake?
George II
Sep 2012
#140
It only makes sense this became an issue after we got a copy of the video and the returns, 1-2 punch
leveymg
Sep 2012
#41
Please let this be real and not a "Rove to be indicted within X business days" rumor.
Tommy_Carcetti
Sep 2012
#56
When I heard Reid the other day, he was more tentative about paying not taxes -- not like
Laura PourMeADrink
Sep 2012
#57
It is 'legal' to publish them because the U.S. does not make any provision for
coalition_unwilling
Sep 2012
#79
Not calling your side of this BS but maybe whoever told your friend the story. But....
Logical
Sep 2012
#104
Surely you're not the ONLY person your friend told, and someone had to tell HIM.
cherokeeprogressive
Sep 2012
#143