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RandySF

(86,296 posts) Tue Jan 17, 2012, 01:39 PM Jan 2012

Mitt Says He Pays 15% Tax Rate (TPM) [View all]

Mitt Romney hasn’t yet released his tax returns, but on Tuesday he confirmed the biggest nugget that Democrats have been salivating over: he pays an effective tax rate of just 15%.

“It’s probably closer to the 15 percent rate than anything,” Romney told reporters, noting that his income “comes overwhelmingly from some investments made in the past, rather than ordinary income or earned annual income.”

He added that he expects to release his tax returns in the spring — although it remains unclear which year of income he’ll actually release.

http://2012.talkingpointsmemo.com/2012/01/romney-rule-mitt-says-he-pays-15-tax-rate.php?ref=fpa

14 replies

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Mitt Says He Pays 15% Tax Rate (TPM) [View all] RandySF Jan 2012 OP

Must be nice to be that wealthy and pay only 15%. He probably pays less. nt Sarah Ibarruri Jan 2012 #1

And it must be nice to be so wealthy... RevStPatrick Jan 2012 #6

But YOU lazy bums pay a much higher tax rate gratuitous Jan 2012 #2

Put this in perspective exboyfil Jan 2012 #3

'rather than ordinary income' ProgressiveEconomist Jan 2012 #4

thanks, PRETZEL Jan 2012 #7

Only when he buys a sandwich in New York City. Atman Jan 2012 #5

To Mitt, A NYC Sandwich would be a Business Expense Write Off n/t Yavin4 Jan 2012 #12

Except he would never buy a sandwich in NYC... Atman Jan 2012 #14

Mitt Romney says $362,000 is 'not very much' money Botany Jan 2012 #8

I can't even begin to express how much I fucking hate this guy Marrah_G Jan 2012 #10

He's a living, breathing embodiment of the 1% IMHO Proud Liberal Dem Jan 2012 #11

More on this from the NYT... flpoljunkie Jan 2012 #9

No way he pays 15%. I'm sure he forgot a decimal point somewhere. Initech Jan 2012 #13