Posted on 09/21/2012 11:20:40 AM PDT by Free ThinkerNY
Mitt Romney announced on Friday that he is releasing his 2011 tax returns.
Romney aides said the Republican presidential nominee would give the public a look at his finished tax forms. Ahead of their release, expected at 3 p.m., aides said Romney earned almost $13.7 million last year and paid more than $1.9 million in taxes an effective tax rate of 14.1 percent.
Here are the details you will probably hear repeated for the remainder of the campaign:
Romneys 2011 tax rate 14.1 percent Charity donations: 30 percent
Obamas tax rate: 20.5 percent Charity donations: 22 percent
Here are some of the other things the release should reveal, according to the candidates website:
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 Governors 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.
(Excerpt) Read more at theblaze.com ...
He was always going to release his 2011 return.
Lighten up, Francis.
This allows for a reshaping of the discussion. I like the idea of spending a couple/few news cycles on who is a better judge of where my $$$ goes: the Government ( through taxation and appropriation) or me (through voluntary charitable giving)
I think, if Romney can pull it off through completion, Obama and the MSM just got rope-a-doped.
Probably the best thing to get would be his financial aid and admission documents.
They more than likely show that he represented himself as a “foreign student”.
And so is Obama now going to release his school records?
IDIOT!
Ya...show em now, how easily you cave!
That’ll strengthen your negotiating position....
There is or has been recently for some on FR, to over react to nearly everything, rather than waiting for all the information......hence the reason I wrote.
Flippin Moron!!!!!!!!!!!!!!!!!!
Now the question that will dog you til election day is “What did you leave out”.
Gawd, some people are stupid.
It's right there in the article:
Over the entire 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income.
All of them.
thanks....
I was going to make a smartass reply, but I understand your concern. Don't be.
Romney just crushed one of the Lefty talking points, completely and thoroughly, in one fell swoop. Read this, feel better:
This was never about exactly how much tax he paid, it was always about the class warfare, to show that he is a rich guy with no clue about the poor and middle class.
“Someone needs to shove a microphone in Harry Reids face and ask who his friend was that said Romney did not pay any taxes.”
Can’t do that...
The MediaMatters/Democrat approved narrative is that you are supposed to be more outraged with what Obama does with HIS money, than with what Obama is doing WITH YOURS.
You don’t think these mainstream media reporters want to be looking for new jobs IN THE OBAMA ECONOMY, do ya?
How is it horrible timing? It isn't.
The Left was never going to let up on that talking-point, why run from it?
"The New Republic" and others shilling for Obama are of course already playing games, ignoring the money Mitt initially invested, and now (hopefully) earns cap gains on, was taxed at income rates once already.
Obama and his Democrat majorities didn't change the rates so what Mitt and the "rich" pay is on them.
Hope you all are right.
I am just gun-shy because I know the media always finds or manufactures a negative angle to view this sort of information.
If they can spin it, they will.
Now I want to see Harry Reid subpoenaed to give up source who said Mitt didn’t pay any taxes.
I believe he’ll get away with it, cause he made the comments on the Senate floor... What a jackass though
Probably the best thing to get would be his financial aid and admission documents.
They more than likely show that he represented himself as a foreign student.
And was also supported by the Saudi Royals...
Harry Reid calmly responds to Romneys tax release: Hes hiding something. Hes hiding something!
Gallup said that distrust of the media hit an all-time high this year, "with 60% saying they have little or no trust in the mass media to report the news fully, accurately, and fairly."
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