Romney releases tax records - Now Obozo must release college records

[Shelzin]

Yeah, after twisting his arm completely off, he released one year of records.

Such integrity.

TaxProf Blog: Mitt Romney Releases 2011 Tax Return

September 21, 2012
Mitt Romney Releases 2011 Tax Return

Mitt Romney today released his 2011 tax return (FAQ). Curiously, the 2011 estimated return released in connection with Romney's extension reported $20,901,075 AGI, over $7 million more than the $13,696,951 AGI reported on his 2011 return as filed. $1.75 million of that amount represents a foregone charitable deduction:

* 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.

The campaign also released a statement from PriceWaterhouseCoopers on the Romneys’ tax filings over 20 years, from 1990 – 2009:

* 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.

The Romney campaign also released this letter from former IRS Commissioner (and current Skadden partner) Fred Goldberg:

These returns reflect the complexity of our tax laws and the types of investment activity that I would anticipate for persons in their circumstances. There is no indication or suggestion of any tax-motivated or aggressive tax planning activities. In my judgment, they have fully satisfied their responsibilities as taxpayers. They have done so by relying on a highly reputable return preparer and other advisors, who have in turn relied primarily on information provided by third parties to them and to the IRS. The end result of that process has been returns that include a multitude of schedules, IRS forms and accompanying statements that provide appropriate transparency and the proper payment of taxes that Governor and Mrs. Romney owe under current law.

Really, are you guys saying Pricewaterhousecoopers is lying?

Well... Trusting the government and/or politicians isn't a strong point of mine. I would like proof, not them saying... yeah... It's true, trust me.

I mean hell you can't even trust the damn news. Seriously?

 

[edthecynic]

Yeah, after twisting his arm completely off, he released one year of records.

Such integrity.

TaxProf Blog: Mitt Romney Releases 2011 Tax Return

September 21, 2012
Mitt Romney Releases 2011 Tax Return

Mitt Romney today released his 2011 tax return (FAQ). Curiously, the 2011 estimated return released in connection with Romney's extension reported $20,901,075 AGI, over $7 million more than the $13,696,951 AGI reported on his 2011 return as filed. $1.75 million of that amount represents a foregone charitable deduction:

* 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.

The campaign also released a statement from PriceWaterhouseCoopers on the Romneys’ tax filings over 20 years, from 1990 – 2009:

* 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.

The Romney campaign also released this letter from former IRS Commissioner (and current Skadden partner) Fred Goldberg:

These returns reflect the complexity of our tax laws and the types of investment activity that I would anticipate for persons in their circumstances. There is no indication or suggestion of any tax-motivated or aggressive tax planning activities. In my judgment, they have fully satisfied their responsibilities as taxpayers. They have done so by relying on a highly reputable return preparer and other advisors, who have in turn relied primarily on information provided by third parties to them and to the IRS. The end result of that process has been returns that include a multitude of schedules, IRS forms and accompanying statements that provide appropriate transparency and the proper payment of taxes that Governor and Mrs. Romney owe under current law.

Really, are you guys saying Pricewaterhousecoopers is lying?

They have as much credibility as they had with Enron. They do what they are paid to do.

PwC: Sharing the Hot Seat with Andersen? - Businessweek

So far in the Enron scandal, Arthur Andersen has borne all the weight of the accounting profession's failures. But that's about to change. BusinessWeek has learned that congressional investigators are taking a keen interest in PricewaterhouseCoopers' role -- or roles -- in deals between Enron and its captive partnerships. A congressional source says the House Energy & Commerce Committee is collecting documents and interviewing officials at PwC.

At issue is the firm's work for both Enron and those controversial debt-shielding partnerships, set up and controlled by then-Chief Financial Officer Andrew Fastow. On two occasions -- in August, 1999, and May, 2000 -- the world's biggest accounting firm certified that Enron was getting a fair deal when it exchanged its own stock for options and notes issued by the Fastow-controlled partnerships.

Investigators plan to question the complex valuation calculations that underlie the opinions. Enron ultimately lost hundreds of millions of dollars on the deals. A PwC spokesman says the firm stands by its assessment of the deals' value at the time.

 

[C_Clayton_Jones]

Romney releases tax records - Now Obozo must release college records

The president and his supporters agree.

Keep focusing on birth certificates, teleprompters, and school records – it worked so well in 2008.

 

[jgarden]

Romney has proven he is a man of honor and integrity while obozo's refusal to release his college records is proof that he lied and claimed foreign status to get a scholarship 20 years ago. That is the crime of fraud and all repubs must shout this .

Why is it only Romney who is characterized as a "man of honor abd integrity" when he happens to release another year's tax returns - something President Obama has already done?

If Mitt wants to have the same "honor and integrity" that his father received for releasing tax information, he has 10 more years of returns to go.

With all due respect, Romney's timing in this whole matter is more than a little suspect - a suspicious mind might suggest that it was nothing more than a crass attempt to divert public and media attention away from his most recent mistakes that have been generating so much negative criticism not only from the Democrats, but even within his own party.

 

[auditor0007]

Romney has proven he is a man of honor and integrity while obozo's refusal to release his college records is proof that he lied and claimed foreign status to get a scholarship 20 years ago. That is the crime of fraud and all repubs must shout this .

Man, you have a bad case of Dipshititis.

 

[squeeze berry]

Whatever it is in the messiahs school record must be horrible....

Affirmative Action Degree

 

[editec]

Mitt Romney offered a partial snapshot of his vast personal fortune late Monday, disclosing income of $21.7 million in 2010 and $20.9 million last year — virtually all of it profits, dividends or interest from investments.

He released his 2011 tax records.

So what?

 

[bripat9643]

Yeah, after twisting his arm completely off, he released one year of records.

Such integrity.

And Obama is a sterling example of integrity?

libturds are such imbeciles.

 

[bripat9643]

Romney releases tax records - Now Obozo must release college records

No he doesn't. No one cares except you dittoheads.

No one cares about his tax records except a bunch of commies.

 

[LilOlLady]

Romney has proven he is a man of honor and integrity while obozo's refusal to release his college records is proof that he lied and claimed foreign status to get a scholarship 20 years ago. That is the crime of fraud and all repubs must shout this .

Obama's resume speaks loud and clear of his college records. Why should obama realease his college records wth no other president have had to? All presidents have released more than half a years of tax records.



http://cdn.theladders.net/static/pdf/Senator_Obama_Resume.pdf

 

[LilOlLady]

TaxProf Blog: Mitt Romney Releases 2011 Tax Return

Really, are you guys saying Pricewaterhousecoopers is lying?

They have as much credibility as they had with Enron. They do what they are paid to do.

PwC: Sharing the Hot Seat with Andersen? - Businessweek

So far in the Enron scandal, Arthur Andersen has borne all the weight of the accounting profession's failures. But that's about to change. BusinessWeek has learned that congressional investigators are taking a keen interest in PricewaterhouseCoopers' role -- or roles -- in deals between Enron and its captive partnerships. A congressional source says the House Energy & Commerce Committee is collecting documents and interviewing officials at PwC.

At issue is the firm's work for both Enron and those controversial debt-shielding partnerships, set up and controlled by then-Chief Financial Officer Andrew Fastow. On two occasions -- in August, 1999, and May, 2000 -- the world's biggest accounting firm certified that Enron was getting a fair deal when it exchanged its own stock for options and notes issued by the Fastow-controlled partnerships.

Investigators plan to question the complex valuation calculations that underlie the opinions. Enron ultimately lost hundreds of millions of dollars on the deals. A PwC spokesman says the firm stands by its assessment of the deals' value at the time.

THey are not real.

 

[LilOlLady]

Whatever it is in the messiahs school record must be horrible....

Affirmative Action Degree

At least he has college records, do you?
http://cdn.theladders.net/static/pdf/Senator_Obama_Resume.pdf

 

[squeeze berry]

Whatever it is in the messiahs school record must be horrible....

Affirmative Action Degree

At least he has college records, do you?
http://cdn.theladders.net/static/pdf/Senator_Obama_Resume.pdf

2 masters degrees asswipe

PS your documentation proves zilch

 

[squeeze berry]

Romney Releases 2011 Tax Returns - NYTimes.com

 

[Obamanation]

Now where is Obamamas college records?

 

[JoeB131]

Romney Releases 2011 Tax Returns - NYTimes.com

Why?

Frankly, nothing in this really makes Romney look good.

He's pulling a tax dodge by deferring deductions and credits to keep his rate above 14%, when everyone knows he can file a claim next year and get it down to 10%, which is absolutely obscene.

A typical family pays more than 25% in taxes... and here's this guy pretending to pay 14%.

No wonder he did it in a Friday "Document Dump".

 

[hazlnut]

Romney Releases 2011 Tax Returns - NYTimes.com

Why?

Frankly, nothing in this really makes Romney look good.

He's pulling a tax dodge by deferring deductions and credits to keep his rate above 14%, when everyone knows he can file a claim next year and get it down to 10%, which is absolutely obscene.

A typical family pays more than 25% in taxes... and here's this guy pretending to pay 14%.

No wonder he did it in a Friday "Document Dump".

Nov. 7, 2012 - The day Mitt Romney will file an amended return and reclaim those deductions. The day after he loses the election, Mitt Romney will have the last laugh.

 

[Black_Label]

What a f'in joke, one year?

11 more to go Willard!

 

[Seawytch]

I'll happily eat that crow, roasted with fava beans and a nice chianti...as soon as he releases 12 years like the President and his own father did.

Of course we know why George Romney released 12 years of his taxes...he was trying to catch LBJ doing something hinky. How weird that Mittens won't release his now.

George paid double what Willard paid in taxes...

 

[PoliticalChic]

Now where is Obamamas college records?

Right here:


Occidental College records
Columbia College records
Columbia Thesis paper
Harvard College records
Selective Service Registration
medical records
Illinois State Senate records
Illinois State Senate schedule
Law practice client list
A Certified Copy of original Birth certificate
embossed, signed paper Certification of Live Birth
Harvard Law Review articles that were published
University of Chicago scholarly articles
Record of baptism
His first day in office he signed an Ex. Order# 13489 that sealed his records. Google Executive Records and see that order.