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DFW

(60,287 posts)

21. He gave away the income from his book?

Tue Jan 17, 2012, 04:20 PM

Jan 2012

How much was that? $75.36?

And did he pay 35% on his "not very much" $360,000 speaking income? I paid 35% on my W-2 wages (and for working, not for speaking), and they weren't anything like $360,000 either.

What world do these people live in? Swissworld?

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Mitt says he pays close to 15 percent rate [View all] kpete Jan 2012 OP

So he pays less than the Average Joe - percentage-wise jpak Jan 2012 #1

yep kpete Jan 2012 #3

I'm not sure I believe that Kellerfeller Jan 2012 #42

And therein lies the problem...he considers $360,000 "Not very much." Atman Jan 2012 #2

Yup Johnny2X2X Jan 2012 #11

"below that of middle-class workers, which would also include military servicemembers." kpete Jan 2012 #15

It's a bizarre contruct..."Since I didn't really EARN the money, it shouldn't be taxed as much." Atman Jan 2012 #17

+1 (n/t) klook Jan 2012 #20

It is absolutely back asswards. CrispyQ Jan 2012 #25

It is even more skewed than that. 15% is the tax rate on dividends and capital gains. Fool Count Jan 2012 #34

As a retiree, I get income from investing in annuities. Isn't that "earned"? CTyankee Jan 2012 #36

+1 and the answer is "Everything is wrong with this picture" wordpix Jan 2012 #44

Yet, it is probably the only part of his income that incurred 35% income tax. Fool Count Jan 2012 #33

Maybe poor folks could lift themselves out of poverty by giving speeches? Bozita Jan 2012 #4

It's hilarious that he's their most electable candidate BeyondGeography Jan 2012 #5

+1 Beavker Jan 2012 #14

What's wrong with this picture... brooklynite Jan 2012 #6

Here's another theory about the tax returns: XemaSab Jan 2012 #7

I think that it is not helpful to just be critical of his wealth. MGKrebs Jan 2012 #8

I don't see anyone saying that BeyondGeography Jan 2012 #9

It is when it has been suggested that he is trying to hide something. onehandle Jan 2012 #12

The amount he has, alone, is not of great concern The Genealogist Jan 2012 #24

Exactly my point. MGKrebs Jan 2012 #29

Wonder if he disclosed all of his $10,000 bets? tridim Jan 2012 #10

I wonder if he's won any of them. n/t hughee99 Jan 2012 #13

I think what he meant was the $360K is not much compared to his investment income... Southerner Jan 2012 #16

And his job plan is to reduce taxes DocMac Jan 2012 #18

$360K a year = "Not very much" CanonRay Jan 2012 #19

He gave away the income from his book? DFW Jan 2012 #21

That jerk pays a lower rate than I do--and no one asks ME to speak! MADem Jan 2012 #22

"And then I get speakers fees from time to time, but not very much.� ($300,000/yr) yellowcanine Jan 2012 #23

This man is insufficiently taxed. aquart Jan 2012 #26

Not to put too fine a point on it anAustralianobserver Jan 2012 #39

Who in their right mind secondvariety Jan 2012 #27

Mitt Romney admits: I pay 15% tax on $200m personal fortune Judi Lynn Jan 2012 #28

I'm betting it's UNDER 15%, certainly not over. Bozita Jan 2012 #30

I'm betting you're right Scairp Jan 2012 #49

And what % of his net worth is income Ruby the Liberal Jan 2012 #31

"close to 15%"? louis-t Jan 2012 #32

BUT, how many of your buddies are going to say, "I WANT TO PAY THAT RATE TOO!' CTyankee Jan 2012 #35

Shitt offshores the loot, too. Octafish Jan 2012 #37

He genuinely seems to believe that people with less wealth than himself mustn't be anAustralianobserver Jan 2012 #38

Like Duhbya he is too dumb and selfish to know how heartless he is. Marnie Jan 2012 #41

In the late 1960s working part time minimum wage Marnie Jan 2012 #40

and how much do your tax haven investors pay, Mittens? wordpix Jan 2012 #43

Has he got money tucked away in tax havens too? Rosa Luxemburg Jan 2012 #45

"Island tax havens factor into Romney's business success" LA Times, 2007 wordpix Jan 2012 #46

He has proposed getting rid of TheFarseer Jan 2012 #47

OWS Johnny2X2X Jan 2012 #48