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Thread: Romneys to Release Taxes- Donated 30% of income to CHARITY in 2011

  1. #1

    Default Romneys to Release Taxes- Donated 30% of income to CHARITY in 2011

    The Romney campaign is releasing Mitt and Ann Romney's 2011 tax return today. The campaign previews a few of the highlights here:

    •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.
    Additionally, the Romney campaign is releasing a summary of 20 years of taxes, between 1990-2009, detailing their tax expenditures during those years:

    •In each year during the entire 20-year period, the Romneys owed both state and federal income taxes.
    •Over the entire 20-year period, the average annual effective federal tax rate was 20.20%.
    •Over the entire 20-year period, the lowest annual effective federal personal tax rate was 13.66%.•Over the entire 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income.
    •Over the entire 20-year period, the total federal and state taxes owed plus the total charitable donations deducted represented 38.49% of total AGI.

    http://www.weeklystandard.com/blogs/...es_652850.html
    The Shadow Party derives its power from its ability to raise huge sums of money. By controlling the Democrat purse strings, the Shadow Party can make or break any Democrat candidate by deciding whether or not to fund him. During the 2004 election cycle, the Shadow Party raised more than $300 million for Democrat candidates, prompting one of its operatives, MoveOn PAC director Eli Pariser, to declare, 'Now it’s our party. We bought it, we own it…'

  2. #2

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    Liberal heads are exploding everywhere.

    This is the hottest topic in Libtopia.
    .
    Karl Marx's five stages of development: 1. Primitive communal society 2. Feudalism 3. Capitalism then ... 4. Socialism and finally ... 5. Communism

    Then reality ..
    Stage 6: socialist dictatorship

  3. #3

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    Damn, how did I miss this.


  4. #4

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    The Mormon church is a cult not a charity.


  5. #5

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    Quote Originally Posted by Big Dog View Post
    Liberal heads are exploding everywhere.

    This is the hottest topic in Libtopia.
    Really? Is Doctordog a liberal. We couldn't care less. The election is over.

  6. #6

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    "The Romneys paid $1,935,708 in taxes on $13,696,951 of mostly investment income for an effective tax rate of 14.1 percent. (The Obamas paid an effective tax rate of 20.5 percent in 2011, a lower rate than the president's secretary, according to the White House.)


    Romney, who is thought to have a personal fortune in the neighborhood of $250 million, gave $4,020,772 to charity, 30 percent of their income. (The Obamas gave 21.8 percent of their income to charities).

  7. #7

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    Quote Originally Posted by Hudaman View Post
    Really? Is Doctordog a liberal. We couldn't care less. The election is over.
    Mad because you couldn't take a charitable deduction for your donations to Al Qaeda, HUD?

    Libbies having been splooging all over their TV sets demanding the MSM dig up Romney's tax returns.
    .
    Karl Marx's five stages of development: 1. Primitive communal society 2. Feudalism 3. Capitalism then ... 4. Socialism and finally ... 5. Communism

    Then reality ..
    Stage 6: socialist dictatorship

  8. #8

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    Quote Originally Posted by Bosco View Post
    "The Romneys paid $1,935,708 in taxes on $13,696,951 of mostly investment income for an effective tax rate of 14.1 percent. (The Obamas paid an effective tax rate of 20.5 percent in 2011, a lower rate than the president's secretary, according to the White House.)


    Romney, who is thought to have a personal fortune in the neighborhood of $250 million, gave $4,020,772 to charity, 30 percent of their income. (The Obamas gave 21.8 percent of their income to charities).


    $250 million? ...... Sounds like he's catching up to Liberal hero, aristocratic yatchsman, and Vietnam vet, John Kerry. Of course he has a long way to catch up with Kerry's wife, billionaire heiress, Teresa Heinz. The liberals just love them some John Kerry.
    .
    Karl Marx's five stages of development: 1. Primitive communal society 2. Feudalism 3. Capitalism then ... 4. Socialism and finally ... 5. Communism

    Then reality ..
    Stage 6: socialist dictatorship

  9. #9
    Senior Member Darmosiel's Avatar
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    Romney finally release a completed Tax Return?

    Wonder how man attorneys and accountants it took to clean it up?
    We are truly blessed with magnificent animals.. And cursed by ugly creatures disguised as humans that do them harm..

  10. #10

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    Quote Originally Posted by Darmosiel View Post
    Romney finally release a completed Tax Return?

    Wonder how man attorneys and accountants it took to clean it up?
    It's last years. He just finished it. He could do whatever he wanted with it. You'll never see any from earlier.

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