Romney Pay's 13.9% Effective Tax Rate

Discussion in 'Politics' started by Cammmpbell, Jan 24, 2012.

  1. Cammmpbell
    Offline

    Cammmpbell Senior Member

    Joined:
    Sep 13, 2011
    Messages:
    5,095
    Thanks Received:
    517
    Trophy Points:
    48
    Ratings:
    +517
    24 January 2012
    Last updated at 03:20 ET

    Wealthy Romney ‘pays 13.9% tax’ | Stock Market News - Business & Tech News


    Mitt Romney said he paid all the taxes that were legally required – and not a dollar more

    US Republican presidential candidate Mitt Romney has said he expects to pay about $6.2m (£4m) in taxes on income of $42.5m in the last two years.

    That makes for a tax rate of 13.9% in 2010 and an expected rate of 15.4% in 2011, his campaign said.

    My wife and I receive pensions and social security which we earned and paid into all our lives and we pay 19%. Everything we have is paid for so all our income is subject to taxation at some percentage....even our social security.
     
    Last edited: Jan 24, 2012
  2. LoneLaugher
    Offline

    LoneLaugher Diamond Member

    Joined:
    Oct 3, 2011
    Messages:
    45,669
    Thanks Received:
    6,459
    Trophy Points:
    1,840
    Location:
    Inside Mac's Head
    Ratings:
    +18,468
    Having wealth has it's advantages, folks.
     
  3. JoeB131
    Offline

    JoeB131 Diamond Member

    Joined:
    Jul 11, 2011
    Messages:
    80,576
    Thanks Received:
    6,873
    Trophy Points:
    1,815
    Location:
    Chicago, Chicago, that Toddling Town
    Ratings:
    +15,075
    "Only the little people pay taxes"- Leona Helmsley...
     
  4. Conservative
    Offline

    Conservative Type 40

    Joined:
    Jul 1, 2011
    Messages:
    17,082
    Thanks Received:
    2,026
    Trophy Points:
    48
    Location:
    Pennsylvania
    Ratings:
    +2,030
    Evil bastard.
     
  5. RDD_1210
    Offline

    RDD_1210 Forms his own opinions

    Joined:
    May 13, 2010
    Messages:
    14,698
    Thanks Received:
    1,298
    Trophy Points:
    205
    Ratings:
    +2,018
    Someone is missing the point. Guess who that is?
     
  6. JoeB131
    Offline

    JoeB131 Diamond Member

    Joined:
    Jul 11, 2011
    Messages:
    80,576
    Thanks Received:
    6,873
    Trophy Points:
    1,815
    Location:
    Chicago, Chicago, that Toddling Town
    Ratings:
    +15,075
    Guy, if you think, "Well, I used the law to pay a lower rate than you peasents do" is going to get Rom-bot Mark IV over the hump, you are delusional.

    This just plain looks bad to the guy paying 21% on a 40K salary who is stuck with an underwater mortgage and a busted 401K that some Wall Street Fat Cat got rich on.
     
  7. Article 15
    Offline

    Article 15 Dr. House slayer

    Joined:
    Jul 4, 2008
    Messages:
    24,673
    Thanks Received:
    4,832
    Trophy Points:
    183
    Ratings:
    +4,859
    If something isn't illegal it cannot be validly criticized. Everyone knows that.
     
  8. Conservative
    Offline

    Conservative Type 40

    Joined:
    Jul 1, 2011
    Messages:
    17,082
    Thanks Received:
    2,026
    Trophy Points:
    48
    Location:
    Pennsylvania
    Ratings:
    +2,030
    pretty much anyone who whines like a butt-fucked pig about Romney's taxes. He's no different than any other politician. He paid what he was legally required to, nothing more and nothing less. I do the same thing.
     
  9. RDD_1210
    Offline

    RDD_1210 Forms his own opinions

    Joined:
    May 13, 2010
    Messages:
    14,698
    Thanks Received:
    1,298
    Trophy Points:
    205
    Ratings:
    +2,018
    Haha, STILL missing the point. Keep trying though. We'll wait.
     
  10. 8537
    Offline

    8537 Senior Member

    Joined:
    Aug 23, 2010
    Messages:
    7,754
    Thanks Received:
    729
    Trophy Points:
    48
    Location:
    New England's West Coast
    Ratings:
    +729
    3.5 Million to his church? That's some serious tithing!

    He also donated an additional +/-3.5M to charity. Unless that was an "I'm running for pres so let's look good this year", it's a very impressive figure.
     

Share This Page