Posted on 09/21/2012 11:20:40 AM PDT by Free ThinkerNY
Mitt Romney announced on Friday that he is releasing his 2011 tax returns.
Romney aides said the Republican presidential nominee would give the public a look at his finished tax forms. Ahead of their release, expected at 3 p.m., aides said Romney earned almost $13.7 million last year and paid more than $1.9 million in taxes — an effective tax rate of 14.1 percent.
Here are the details you will probably hear repeated for the remainder of the campaign:
Romney’s 2011 tax rate 14.1 percent Charity donations: 30 percent
Obama’s tax rate: 20.5 percent Charity donations: 22 percent
Here are some of the other things the release should reveal, according to the candidate’s website:
In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment income. The Romneys’ effective tax rate for 2011 was 14.1%. The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income. The Romneys claimed a deduction for $2.25 million of those charitable contributions. The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor’s statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.
(Excerpt) Read more at theblaze.com ...
Is this significant that it is a Friday afternoon info dump? I hope there is a strategy to this, and not just a concession to demands.
Why?
Hah! I really don’t have a problem with this.
His 2011 returns showed he paid almost $2M in taxes with another $4M to charity. I’m sure the rest of his returns look good, or he’d never do this.
His next response should be...”OK...I’ve released my tax information...not it’s time for Obama to release his college transcripts and Harry Reid to release his tax returns”. And I’d hammer it EVERY DAY!
BFL
Now... who will go back to Harry Reid and make this sc-m apologize for his lies? Does any GOP Senator have the backbone to do this? My guess would be Rand Paul or Jim DeMint
Romney donated OVER $4,000,000.00 to charity.. Biden donates AN AVERAGE OF $370.00 PER YEAR TO CHARITY. Time to criticize Romney!!! /s
It is to control the conversation and to prevent last second manipulation by the 0bama campaign.
Pukes are complaining he only paid a 14% effective rate. He probably paid more taxes in one year than these pukes will pay their entire lives.
If this is correct, I don’t see much point. The MSM won’t report that Reid was lying, or that Mitt has given a huge amount to charity. If it’s good, they’ll ignore it. If there’s some random inconsistency, they’ll jump on it. What’s the strategy here? I thought the tax return talk had died down. He should at least demand Obama release his high school transcripts.
“Now, about those college transcripts, Barry...”
Why does he not make Obama’s hidden records an issue? I cannot understand this .. .
So Romney can smugly say “See? I told you so!” at all his haters and detractors as they look at his open and honest returns.
And espcecially as they gag on his charitable donations.
Someone should send a lubed up copy of his returns to Dingy Hary. So Reid can shove them (SELF EDIT HERE!!!)
Wrong. He didn’t cave. This is a ‘BOOM’ and a ‘Your move asshole’ to the democrat financed media. The amount of charity alone over the last 20 years is mind blowing. This is good stuff.
I guess, but the media probably won’t mention his charitable giving.
IIRC, that’s higher than the national average of those who actually pay income taxes.
Buffett keeps yapping about paying higher taxes...why doesn't he do what Romney does and give more to charity instead?
This could backfire on the Dems; the dialogue could switch to giving to charity instead of taxes.
Now... who will go back to Harry Reid and make this sc-m apologize for his lies? Does any GOP Senator have the backbone to do this? My guess would be Rand Paul or Jim DeMint
Harry will say, BULL,these tax returns are just as fake as Obama’s birth certificate LOL
—— It is to control the conversation and to prevent last second manipulation by the 0bama campaign. ——
Good strategy. Good timing.
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