Posted on 09/21/2012 9:57:50 PM PDT by 2ndDivisionVet
After being criticized for months over a lack of transparency when it came to his taxes, Mitt Romney has revealed his 2011 returns, which show the candidate paid $1.9 million in taxes on $13.7 million in income, an effective rate of 14.1 percent.
That figure falls in line with Romney's estimate in August that he paid "13.6 [percent] or something like that."
But Romney only reached the 14.1 percent mark by limiting deductions taken from his considerable charitable giving. Had the Romneys taken all of the deductions made available by their $4.02 million in 2011 donations, his effective tax rate could have been as low as 10.4 percent.
By not using all the available deductions, he paid an additional $500,000 to the federal government....
(Excerpt) Read more at abcnews.go.com ...
Islam considers you (if you're a Christian) to be a misguided Infidel who hasn't come to the realization that Mohammad is the great prophet. Atheists think you believe in fairy tales. Etc, etc.
I don’t know how far down this anti-Christian road you plan on going, but personally, I would prefer to stay on the subject of my post correcting you about Mitt Romney and his inheritance from his father, Governor George Romney.
Unless something has changed, we don’t actually know the details of that inheritance, Romney’s devotees claim that he gave it all away, but they have never shown what “it” was, nor what happened to it, except for the portion given to the Mormon owned university.
His money was taxed once when he earned it, then again when he used it to gain more money. I know. That is not strictly twice as the profit is not the same money, but the overall stifling effect can be the same.
What???
We aren’t in religion, if you got a comment removed in religion, it wasn’t from my doing, it would have been the moderator doing it to you for some personal attack or something, I sure wasn’t addressed, but yes, you were, and please don’t drag baggage and personal anger and attacks from thread to thread.
I corrected you by pointing out that you do not know the facts of the inheritance, although you presented the supposed facts.
To quote my post to you.
“”Unless something has changed, we don’t actually know the details of that inheritance, Romney’s devotees claim that he gave it all away, but they have never shown what “it” was, nor what happened to it, except for the portion given to the Mormon owned university.””
Romney Rejects Obama’s ‘Silver Spoon’ Comment
http://abcnews.go.com/blogs/politics/2012/04/romney-rejects-obamas-silver-spoon-comment/
Mitt Romney says he didn’t inherit money from his parents
http://www.politifact.com/truth-o-meter/statements/2012/jan/20/mitt-romney/mitt-romney-says-he-didnt-inherit-money-his-parent/
In a Kindness Competition, Romney Wins over Obama by a Landslide http://www.americanthinker.com/2012/09/in_a_kindness_competition_romney_wins_over_obama_by_a_landslide.html#ixzz27B7oHXVy
Don’t post a bunch of links, post the quotes that give us the financial details of the inheritance and it’s dispersal.
How much was it, how was it split, do the figures given to the Mormons equal the father’s and mother’s estate?
Do you own this site?
Huh?
If you can’t find the figures just say so, don’t put up smoke by posting a bunch of links to send people off on a wild goose chase, as though it is their duty to prove your claims.
Mitt was 31 years old when he got his first job. His parents supported him and his wife and family till then. It was their money and they had a right to do what they wanted with it. He did not pull himself up by his bootstraps. As far as him not inheriting from his parents I am sure like many wealthy people their estate was planned to limit their tax liability. There is nothing wrong with doing that. Mitt says he was not handed his success but he was handed the money to attain his success. But many people are given the same financial support and do not succeed.
I read on Forbes that Romney donated the entire inheritance to the Brigham Young University Marriott School of Management which now bears his father name.
it was taxed once when he earned the money (income tax) he used what he had left after taxes and invested it. Where it was taxed again when he sold said investments or it paid dividends via the capital gains tax.
The money was taxed twice.
As with most things with Mitt Romney, it is not the whole story. Romney’s parents, and there’s nothing wrong with this, bought their home and supported them. When Mitt Romney says he gave away his inheritance and that he did everything on his own... Well, it’s a lie. It’s a truth mixed with a lie. And I suspect a lot of these charity or personal stories are the same way.
I read one a week or so ago about some couple that purchased Romney’s house, which they described as a 3 bedroom, modest home with no fancy silverware or things of that nature. Blah blah blah, no nanny quarter’s or things like that. They even found a photo of Jesus in the bedroom, and whisky set aside for non-Mormon guests. One of the libs on the comments section was bleating about some other article written by the same couple that contradicted the story.
So since I hate Romney’s guts, I checked on it, and turns out it was true. The same couple in some vacation magazine were talking about the 10,000 square foot house they purchased from Mitt, complete with stunning “wood and stone work,” hand carved door knobs, which was evidently one of Romney’s vacation homes. It was basically a lodge of some sort. Didn’t have a pool though, they had to add the pool.
So why is it that there is a need to fudge the truth? Why couldn’t the couple just say, hey, nice house, normal acting guy, portrait of Jesus. But isntead they said, ‘average house, above average character”?
Because it’s all a myth. Every bit of it. Just like Obama. He’s the Republican Hope and Change candidate. Everything about him is manufactured. Everything he says about himself is either a lie, or a lie mixed with a little bit of truth. From his past, to his present, even about his future, you never get the full story with this guy. It’s always politically nuanced. Words are vague. But catch him on a lie, and he gets very specific, because the letter of his word was technically true, even if the message as a whole was deceptive.
And this is the guy you are expecting to save the country? This is the guy you turn to?
I’ve come to the horrible conclusion that Christians in this country, and non-Christians who think they are Christians, have gone around seeking political salvation over spiritual salvation. They look to the government and to our “leaders” to solve the problems with the country, but utterly ignoring the One who actually has the power to heal the country. As a result, we’ve been given over to two wicked men with the most depraved of characters, because we went to men for help before we went to God.
“You mean by mainline Christians, right?
Islam considers you (if you’re a Christian) to be a misguided Infidel who hasn’t come to the realization that Mohammad is the great prophet. Atheists think you believe in fairy tales. Etc, etc.”
Hmmm, an interesting reaction from a Veteran, as you are fond to remind me. It is so utterly relativistic I cannot fathom from what war or military training you might have learned it from. I always figured vets were concerned with hard truths, painful consequences and realistic rewards.
One thing I’ve never asked you though. Are you, yourself, actually a Christian? Do you believe you are a sinner in need of a savior? And, if so, exactly what part of that reality, not merely a faith, possesses you to defend Mormonism being called a cult by saying “Oh, atheists hate you in turn”?
Great observations. My tagline refers to our choice in presidents this year.
WTH? I was there when you were zotted! Am I losing my mind?
Enjoy Obama’s 2nd term. Your stance is so counter-intuiative that it is astounding.
“WTH? I was there when you were zotted! Am I losing my mind?”
Yes, the trick is to cover your ears, crouch low and stand on your toes with your feet touching. The bolt, in theory, just passes through you from one foot through the other. I wouldn’t recommend practicing out in a storm, though.
Goodbye, late great Free Republic.
Read here since 1995, joined 1998. Going to part-time observer 2012.
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