http://www.youtube.com/watch?feature=player_embedded&v=7OQoBxZZPqUWhen Romney was working at Bain...was he also paying at only 15% the way the hedge fund guys do? Lots of speculation on this. That Bain partners structured their buy out deals so their tax rate is the infamous “carried interest rate” of 15% that the hedgies pay
Jug Ears and Axelrod will like this.
This is starting to look like the Watergate tapes.
1) First Nixon said there was nothing worth mentioning on them.
2) Then he gave some specifics and said you could trust him that they were accurate.
3) Then he claimed some had been inadvertently erased.
4) Then he released transcripts of the tapes that were high redacted, again saying we could trust him and that the redacted portions contained nothing of importance.
5) Finally, he released the actual tapes.
Romney seems to be up to step #2. I’m not sure he will be able to credibly claim some portion of his tax returns were erased, so the next step seems to be to release a redacted version of his tax returns.
Trickle the information out over 3 or 4 months. Really great strategy.
EAT THE RICH!!!!!
(rolling eyes)
haha 15% nice country!!
My income tax rate all total is < 10%, but if you add in the rest of the taxes easily >45%.
“Mr. Romney added: “And then I get speaker’s fees from time to time, but not very much.”
In fact, in the most recent year, Mr. Romney made $374,327.62 in speaker’s fees, at an average of $41,592 per speech, according to his public financial disclosure reports”
Poor thing. I guess 300 grand just doesn’t pay the bills when one is a gazillionaire.
Pelosi: “We have to pass the bill so you can find out what is in it”.
Romney: essentially said the same thing about his tax records. First you need to give him the nomination, then he may show America the details of what’s in it.
Both are libs and both are liars.
http://www.youtube.com/watch?feature=player_embedded&v=7OQoBxZZPqUWe want the tax returns ! We want to know what you are hiding....Obama released his, think he'll give Romney a pass during the general ?
I lived in abject poverty most of my life, and never took a penny in welfare. Through hard work, suffering and determination, I was able to prosper in what remains of the free country God has blessed us with. I make over $100k, AND CONSIDER MYSELF VERY WEALTHY as I have no needs, and few wants. I also have an effective tax rate of 16% this year. Nothing grinds the face of the working poor more than this kind of statement from folks like Romney. Those without the restraining and forgiving spirit of the Lord learn to hate enough to become communists.
$375K "Not very much"....FUMR, you are not one of the people !!!
Even when he’s defending something perfectly reasonable, he makes it sound sleazy. It can’t be good for him to call a $347,000 income “not much”. We know he is rich, but that will rub people the wrong way.
This is a stupid issue. I don’t care how much money Romney has or how much he has earned or what his tax rate is. I say whoooray he is rich.
I want more rich people not fewer rich people.
"...Mr. Romney said. “Because my last 10 years, I’ve — my income comes overwhelmingly from some investments made in the past, whether ordinary income or earned annually. I got a little bit of income from my book, but I gave that all away.”. Mr. Romney added: “And then I get speaker’s fees from time to time, but not very much.”
- This isn't going to cut it. I've seen reports that his 2010 average income* was over $26 Million. I have no problem with him being successful and making whatever money he wants... but for him to go up there and pass this off like he's this guy making "a little bit of income" from his book and speaker fees is ridiculous.
*(Max Net Worth + Min Net Worth) / 2 Includes Salary, Doesn't Include Deductions
Ping.
Disclaimer: I am not a Romney supporter. I support Santorum.
As one would expect most of Romney’s passive income comes from capital gains from the Bain deals he invested in. I expect the Dems to attack on the look at the rich guy paying only 15% point but if the Republican opponents do this without mentioning that the risk of capital gains are oftimes plowed back into further risk and growth and jobs. Any Republican raising this spectre of the rich guy with the 15% capital gains tax for short term political gain IMHO is advancing the Obama argument playing into the dem strategy to increase the capital gains rate.
Willard and his people have repeatedly said he “left” Bain in 1999.
Yesterday Maggief posted his financial disclosure records...(Am sure many others have them too or will soon since he mentioned them last night)
Seems that he had numerious Bain accounts in his portfolio and made up to 15.5 million dollars per year from Bain. Guess it all depends what the meaning of “left” is.
He is also a cousin to Jon Huntsman and the financial statement reveals that Huntsman family company is financially tied to Bain. Not very transparent. Makes a person wonder what WAS going on in NH!
According to an investigative report by the Hufffington Post, a large majority of the charity donations reported by Republican presidential candidate Mitt Romney go to the Mormon Church, otherwise known as The Church of Jesus Christ of Latter-day Saints.
Huffington Post examined IRS documents and found that the Mitt and Ann Romney foundation gave $4,325,000 to the Mormon church between 2003 and 2009. That was 74% of the couple's aggregate donations from 2002 to 2009.
Members of the Mormon church are petitioned to give 10% of their income to the church, known as "tithe". On the church's website it appeals to followers, "Ten percent of our income may sound like a lot, especially to many of us who already feel like we're living on the edge of our budgets. But if we keep the law of tithing God promises to 'open you the windows of heaven, and pour you out a blessing, that there shall not be room enough to receive it (Malachi 3:10).'"