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Rick Santorum Paid Higher Tax Rate Than Mitt Romney In 2010
ABC News ^ | 02/16/2012 | Michael Falcone and Shushannah Walshe

Posted on 02/16/2012 7:55:00 AM PST by SeekAndFind

Presidential candidate Rick Santorum, who frequently touts his humble roots as the grandson of a coal miner, earned an average of more than $900,000 each year between 2007 and 2010, according to the candidate’s tax returns released on Wednesday.

His adjusted gross income varied from about $659,000 in 2007 to more than $1.1 million in 2009. In 2010, Santorum earned $923,411.

According to the IRS-1040 forms released by the Santorum campaign, the former Pennsylvania senator paid an effective tax rate of roughly 28.5 percent in 2010.

That is a substantially higher rate than what Mitt Romney paid the same year, according to the former Massachusetts governor’s tax returns, which his campaign released in January.

In 2010, Romney made $21.7 million and paid nearly $3 million in taxes — an effective tax rate of 13.9 percent. Romney paid the lower rate because most of his earnings came from investments rather than wages.

“He had dividend income,” Santorum said of his rival in an interview with reporters in North Dakota on Wednesday night. “He had capital gain sincome which is taxed at 15 percent. I had ordinary income which got taxed at a higher rate.”

Santorum’s campaign released four years of returns on Wednesday, but sources close to the candidate said they do not plan to call on Romney to do the same. The disclosure comes at a time when both he and Romney are making a particularly strong appeal to Michigan’s working-class voters ahead of the state’s Feb. 28 primary.

Santorum paid $167,759 in federal income taxes in 2007, $262,082 in 2008, $276,523 in 2009 and $263,442 in 2010. His income was highest in 2009.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: romney; santorum; whiner

1 posted on 02/16/2012 7:55:05 AM PST by SeekAndFind
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To: SeekAndFind

Earned income and investment income are two different things. Get over it. How many times do you want your money taxed?


2 posted on 02/16/2012 8:09:46 AM PST by Sacajaweau
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To: SeekAndFind

This is just ABC spouting the liberal/Obama lies about the wealthy without clarifying the differences in income sources.


3 posted on 02/16/2012 8:15:41 AM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: SeekAndFind
Not much news here. Santorum paid more in taxes, but he makes most of his money with regular income. The class warfare warriors would trumpet it, but it's really not a point to argue for a conservative. What is disappointing is that Santorum only donated about 2% in 2010. He has plenty of company there, though. I think that matches Palin for instance.
4 posted on 02/16/2012 8:19:45 AM PST by throwback ( The object of opening the mind, as of opening the mouth, is to shut it again on something solid)
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To: Erik Latranyi
This is just ABC spouting the liberal/Obama lies about the wealthy without clarifying the differences in income sources.

One thing the general American public seems too stupid to understand is that under the flat tax a person that earns ten times as much money as you will pay ten times more taxes than you will pay.

5 posted on 02/16/2012 8:32:09 AM PST by dearolddad
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To: throwback
What is disappointing is that Santorum only donated about 2% in 2010. He has plenty of company there, though. I think that matches Palin for instance

Well, I know for sure it doubled Obama charitable giving before he hit it rich with his book and was running for POTUS.

6 posted on 02/16/2012 8:40:06 AM PST by jwalsh07
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To: SeekAndFind
“He had dividend income,” Santorum said of his rival in an interview with reporters in North Dakota on Wednesday night. “He had capital gain sincome which is taxed at 15 percent. I had ordinary income which got taxed at a higher rate.”

Santorum himself understands it. And he ain't whining about it.


Seven reasons for Rick Santorum


  1. Who has won the most states without the benefit of their own money, last election's organization or a billionaire casino sugar daddy?
  2. Who is everybody's second choice when he isn't their first?
  3. Who can get both the Romney people and the Gingrich people, who hate each other, to vote for him?
  4. Who has the best record on immigration?
  5. Who has the best plan for repealing ObamaCare? And is the only GOP candidate who didn't help write or approve legislation which helped spawn this fiasco?
  6. Who has the best plan for expanding the American economy and strengthening American families?
  7. Who is the closest thing we have to the "generic Republican" which polls show consistently beating Obama and is most likely to make the election about Obama's sorry record rather than about himself?

7 posted on 02/16/2012 8:43:31 AM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Erik Latranyi

what’s obozo’s effective tax rate??


8 posted on 02/16/2012 8:44:45 AM PST by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: jwalsh07
Quite so. Obama’s giving was nonexistent till he formally entered politics. All classic stage prop Obama.
9 posted on 02/16/2012 8:48:13 AM PST by throwback ( The object of opening the mind, as of opening the mouth, is to shut it again on something solid)
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To: Sacajaweau
The reason that Romney had a lower marginal tax rate is that the gave away all of his income that would otherwise have been taxed a the maximum rates to charity.

One can favor or oppose Romney, but this is a totally bogus issue ... except for Marxists and other socialists who believe that all profits are unjust. At least a doctrinaire Marxist is intellectually honest when he complains about Romney's marginal personal income tax rates.

Perhaps the flat tax folks could make a legitimate objection, but only if they favored the complete elimination of Schedule A charitable deductions. But their objection would be to deduction itself, not Romney's accounting of a legitimate deduction under the current tax code.

10 posted on 02/16/2012 8:52:10 AM PST by Skepolitic
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To: throwback
Santorum paid more in taxes

Santorum paid ~200k. Romney paid 3 mil. Not a fan of either but this is Obamaspeak. Romney's actual tax rate is over 50% since he paid at least 35% on the income, which he invested into a corporation, then that money was taxed at the corporate rate (US has highest!) then the profits the corporation made were returned to Romney and he paid 15% on those profits. Romney made more money for the government than Santorum and all the MSM staffers who write this garbage combined.

11 posted on 02/16/2012 8:57:46 AM PST by douginthearmy (Obamagebra: 1 job + 1 hope + 1 change = 0 jobs + 0 hope)
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To: Vigilanteman
Santorum himself understands it. And he ain't whining about it.

It would be extremely disappointing to me, as a supporter, if he does. That would leave me with ROn Paul. Ewww.

12 posted on 02/16/2012 8:59:53 AM PST by jwalsh07
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To: dearolddad

One thing the general American public seems too stupid to understand is that under the flat tax a person that earns ten times as much money as you will pay ten times more taxes than you will pay.

But this is not enough for the CLASS WARFARE TYPES. Aside from the AMOUNT of taxes the wealty pay, they also want the RATES they pay to be higher. That is in fact what Obama has been arguing for before he even got elected.

Anyone remember his remarks to Joe the Plumber?


13 posted on 02/16/2012 9:40:18 AM PST by SeekAndFind
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To: SeekAndFind
Investment tax rates are lower for investment income because there is risk involved but primarily because it is double taxation - the government getting a second bite.
14 posted on 02/16/2012 10:45:29 AM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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