Romney: I've Paid at Least 13% Taxes During Decade
I'd say he's paid plenty. Although he has supported more spending then that will cover. We''ll have to wait and see if he's serious about spending cuts, I doubt it, I hope I'm wrong too.
Other wise none of us should be paying more then 10% of our total income to "government", that includes phone bills, gas taxes ect. 10% MAX, and that's a lot.
Mitt Romney says he's never paid less than 13 percent of his income in taxes during the past decade, the most complete explanation of his tax returns to date.
Romney told reporters Thursday in South Carolina that Democratic Senate Majority Leader Harry Reid's claim that Romney paid no taxes in some years is, quote, "totally false."
Reid had claimed it was possible Romney was refusing to release more than two years of returns was because Romney didn't want to reveal that he had paid no taxes.
“I did go back and look at my taxes and over the past 10 years I never paid less than 13 percent. I think the most recent year is 13.6 or something like that. So I paid taxes every single year,” he told reporters Thursday.
I must be missing something. Where's the precedence for this 10 year income tax inquiry? I thought the IRS only required people to keep their records for 3 years. John Kerry was a rich presidential candidate, did the Republicans demand his tax records from 10 years prior?
If Harry Reid's source is so reliable, why aren't they going after Romney for tax evasion? And if Reid is lying and refuses to name a source, why doesn't Romney file a slander lawsuit? I'm sure he has access to better attorneys than George Zimmerman.
When the right raised questions about Obama's birth certificate, the left called them "birthers". So, should we call the leftist "taxers" or "returners". I think either one would fit. They definitely like to tax and they also keep returning to the same ol' failures.
When the right raised questions about Obama's birth certificate, the left called them "birthers". So, should we call the leftist "taxers" or "returners". I think either one would fit. They definitely like to tax and they also keep returning to the same ol' failures.
Here's the thing that gets me. If he didn't pay his taxes, then the IRS needs to bust his a$$. If he did pay his taxes, then the libs need to shut up about it. If people don't think he paid enough taxes, then they need to be ticked off at the people making the tax laws. Guess who that is....Congress. Guess who's been in control of Congress for years........Democrats.
Mitt Romney says “every year I’ve paid at least 13 percent [of my income in taxes] and if you add in addition the amount that goes to charity, why the number gets well above 20 percent.”
This is supposed to be in defense of not releasing his tax returns.
Assume, for the sake of the argument, he’s telling the truth. Since when are charitable contributions added to income taxes when judging whether someone has paid his fair share?
More to the point, Romney admits to an income of over $20 million a year for the last several decades. Which makes his 13 percent — or even 20 percent — violate the principle of equal sacrifice that lies at the core of our notion of tax fairness.
Even Adam Smith, the 18th century guru of free-market conservatives, saw the wisdom of a graduated tax embodying the principle of equal sacrifice. “The rich should contribute to the public expense,” he wrote, “not only in proportion to their revenue, but something more in proportion.”
Equal sacrifice means that in paying taxes people ought to feel about the same degree of pain regardless of whether they’re wealthy or poor. Logically, this means someone earning $20 million a year should pay a much larger proportion of his income in taxes than someone earning $200,000, who in turn should pay a larger proportion than someone earning $50,000.
But Romney’s alleged 13 percent tax rate is lower than that of most middle class Americans who earn a tiny fraction of what he earns.
At a time when poverty is increasing, when public parks and public libraries are being closed and when public schools are shrinking their offerings and their hours, when the nation’s debt is immense, and when the 400 richest Americans have more wealth than the bottom 150 million of us put together — Romney’s 13 percent is shameful.
I'm absolutely positive that Romney has given more to charity than Obama or Biden.
As an LDS dude, he's paid 10% of his income to the church (Charity) every year of his life most likely. So, 13$ or more to the Feds, and 10% every year to Charity.
That's giving away at least 23% of his money every year to help the betterment of his fellow human beings.
Sounds like a pretty good guy to me.
Add in the fact this guys knows how to make money, run a business, get stuff done, and is not a racist/socialist/bastard/dumbasss like Biden, and his master Obama?
Mitt Romney says “every year I’ve paid at least 13 percent [of my income in taxes] and if you add in addition the amount that goes to charity, why the number gets well above 20 percent.”
This is supposed to be in defense of not releasing his tax returns.
Assume, for the sake of the argument, he’s telling the truth. Since when are charitable contributions added to income taxes when judging whether someone has paid his fair share?
Absolutely right!
Originally Posted by uban77
More to the point, Romney admits to an income of over $20 million a year for the last several decades. Which makes his 13 percent — or even 20 percent — violate the principle of equal sacrifice that lies at the core of our notion of tax fairness.
Even Adam Smith, the 18th century guru of free-market conservatives, saw the wisdom of a graduated tax embodying the principle of equal sacrifice. “The rich should contribute to the public expense,” he wrote, “not only in proportion to their revenue, but something more in proportion.”
Well ast least we know unequivocally that he is a US citizen...and his charitable giving is a far greater benchmark of who he is than what he pays in taxes.. Obama and the statists love charity ..If it comes out of someone else's pocket..
Your ideology is **** ..and in Nov hopefully it will be toast and out of power long enough straighten things out.
Obama paid the taxes that the law requires, and a gave few bucks to charity.
Romney paid the taxes that the law requires, and gave MILLIONS of dollars to charity.
If you're right, and I don't feel like looking it up, why are the richest Americans getting away with paying substantially lower rates than approximately 35% of Americans?
I'll tell you why: It's because people like Romney all but bribed politicians to set it up that way. Who pushed lower tax rates for capital gains? Not President Reagan; he didn't believe that was just, and said so. No, the extremist Republicans who came after Reagan did. The tools of the 1% who control the GOP today.
The rich ought to get "the economy discount." Despite the lower tax rate they pay more per individual. Why should the rich be soaked for so much more? Who needs this money that is extracted from the rich? Who deserves this money extracted from the rich? Who is trying to compel the rich to pay ever more? Why are they doing it?
" In a letter sent to Mitt Romney’s campaign manager, Matt Rhoades, this morning his counterpart on the Obama campaign, Jim Messina promised to let up on their criticism of Mr. Romney for not releasing more of his tax returns if he releases five years worth of returns. Mr. Messina said this offer should address any “fears” on Mr. Romney’s part that “that the more he offers, the more our campaign will demand that he provide.”
“If the Governor will release five years of returns, I commit in turn that we will not criticize him for not releasing more–neither in ads nor in other public communications or commentary for the rest of the campaign,” Mr. Messina wrote. “This request for the release of five years, covering the complete returns for 2007-2012, is surely not unreasonable. Other Presidential candidates have released more, including the Governor’s father who provided 12 years of returns.”
Mr. Rhoades responded with an e-mail telling Mr. Messina, “If Governor Romney’s tax returns are the core message of your campaign, there will be ample time for President Obama to discuss them over the next 81 days.”
Bingo! We haaave a winnerrrr!!!
We also have a wretched Democrat incumbent who really doesn't have anything on which he can run. He is looking like a big fat loserrrrr!!!
Since when do LIbEralS let up on any criticism? If they don't have anything, they just make things up. If there's a real problem with Romney's tax returns...that's what the IRS is for.
I can imagine ten years of Romney's finances will look something like the health care bill and require a lot of effort to provide copies of everything. The fake birth certificate was only a couple pages and it took BO almost 2 years to give it up.
If you're right, and I don't feel like looking it up, why are the richest Americans getting away with paying substantially lower rates than approximately 35% of Americans?
I'll tell you why: It's because people like Romney all but bribed politicians to set it up that way. Who pushed lower tax rates for capital gains? Not President Reagan; he didn't believe that was just, and said so. No, the extremist Republicans who came after Reagan did. The tools of the 1% who control the GOP today.
So, basically what you are saying is...you don't know what you're talking about, but you're going to b!tch about people with money, anyway.
Dems controlled congress and the whitehouse for a couple of years. Why didn't they fix any of that?
Here's what I think !
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