Romney 7 million to Charity..

Discussion in 'Politics' started by Lumpy 1, Sep 26, 2012.

  1. Lumpy 1
    Offline

    Lumpy 1 Diamond Member Supporting Member

    Joined:
    Jun 19, 2009
    Messages:
    33,142
    Thanks Received:
    8,544
    Trophy Points:
    1,370
    Ratings:
    +14,868
    Gads, that will affect your tax rate, I'm thinkin.

    Obama, over the years is a proven a cheap, penny pinching bastard and of course a liberal.

    ---------------------------:eusa_angel:

    The Romney tax returns offer a window into an area of public life that matters a great deal but is rarely discussed: charitable contributions.

    It confirms long-term pattern for both Mitt Romney and President Barack Obama, in which the Romneys have generally paid a lower tax rate than the Obamas, but given more to charity. In recent years only, the relative contributions to charity from the two couples have moved closer together.

    In 2011, the Romneys donated about 29% of their income to charity – $4 million out of their total $13.7 million in income. For 2010, they donated about 13.8% of their income, $2.98 million out of $21.6 million. Over a 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income, according to an accountants’ letter they provided on Friday.

    The information released by the Romney camp Friday also made a point of noting that in combination the Romneys have paid close to 40% on average of their adjusted gross income to various taxes and charities. By any measure, that’s a big number.

    Mr. Obama and wife Michelle gave $172,130, or roughly 21.8% of their income, to charity in 2011, and about 14.2% in 2010. That was up from 5.9% in 2009. The Obamas gave between 4.7% and 6.5% of their income to charity between 2005 and 2008. The Obamas’ income shrank in 2011, to about $790,000, compared to earlier years, helping to boost their percentage.

    The Republican candidate’s giving reflects a tendency his party would like to see replicated more widely. Republicans favor a world in which people pay fewer taxes and give more to charity, believing that private spending is more effective than that of the federal government.
    Romney’s Taxes: A Window Into Charitable Giving - Washington Wire - WSJ
     
    • Thank You! Thank You! x 2
  2. Lumpy 1
    Offline

    Lumpy 1 Diamond Member Supporting Member

    Joined:
    Jun 19, 2009
    Messages:
    33,142
    Thanks Received:
    8,544
    Trophy Points:
    1,370
    Ratings:
    +14,868
    :popcorn:
     
  3. Lumpy 1
    Offline

    Lumpy 1 Diamond Member Supporting Member

    Joined:
    Jun 19, 2009
    Messages:
    33,142
    Thanks Received:
    8,544
    Trophy Points:
    1,370
    Ratings:
    +14,868
    I wonder why this thread didn't work out...
     
    • Thank You! Thank You! x 1
  4. The Infidel
    Offline

    The Infidel EVIL CONSERVATIVE

    Joined:
    May 19, 2010
    Messages:
    17,252
    Thanks Received:
    3,170
    Trophy Points:
    48
    Location:
    AMERITOPIA
    Ratings:
    +3,173
    Must you ask? :eusa_whistle:
     
  5. Peach
    Offline

    Peach Gold Member

    Joined:
    Jan 10, 2009
    Messages:
    17,179
    Thanks Received:
    1,708
    Trophy Points:
    175
    Ratings:
    +1,965
    Stale story, Romney DIDN'T write it all off because his tax rate would have been even lower. First time KNOWN for him, could be why he won't release more returns, he writes off all he can UNLESS he is running for office and wants to look like a bit more like a genuine American tax payer. Othewise, he would be a tax exile in the Caymen islands. Speaking of PATRIOTISM, DODGING taxes shows no love for the USA.
     
  6. Lumpy 1
    Offline

    Lumpy 1 Diamond Member Supporting Member

    Joined:
    Jun 19, 2009
    Messages:
    33,142
    Thanks Received:
    8,544
    Trophy Points:
    1,370
    Ratings:
    +14,868
    "The Obamas gave between 4.7% and 6.5% of their income to charity between 2005 and 2008."

    What's your opinion on this from the OP..?
     
  7. Peach
    Offline

    Peach Gold Member

    Joined:
    Jan 10, 2009
    Messages:
    17,179
    Thanks Received:
    1,708
    Trophy Points:
    175
    Ratings:
    +1,965
    Romney gave so much less by percentage of his UNEARNED income, there is no comparison; Romney gives primarily to his church, that "7 million" is maybe a month so of INTEREST off his 1/4 BILLION in wealth. NO SCARIFICE, ever.
     
    • Thank You! Thank You! x 1
  8. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    47,725
    Thanks Received:
    4,712
    Trophy Points:
    1,855
    Location:
    Native America
    Ratings:
    +16,007
    Charity? Yeah, it's a nice tax deduction.
     
  9. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    47,725
    Thanks Received:
    4,712
    Trophy Points:
    1,855
    Location:
    Native America
    Ratings:
    +16,007
    All the little people Romney stepped on made it possible.
     
  10. Lakhota
    Offline

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    47,725
    Thanks Received:
    4,712
    Trophy Points:
    1,855
    Location:
    Native America
    Ratings:
    +16,007
    [​IMG]
     

Share This Page