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Wealthy Romney reveals 14% taxes
BBC News ^ | 01/24/12 | Mark Mardell

Posted on 01/24/2012 10:50:12 PM PST by EnglishCon

Mitt Romney pays a lot more than most Americans in tax, but he also pays proportionally a lot less.

He paid more than $6m (£3.8m) over two years at a rate of just under 14%. The average American pays around 11% tax, but the top rate is 35%.

What all this underlines is that Mitt Romney is very, very rich, earning more than $45m dollars in the last two years.

I suspect how people will see the bald facts will divide fairly neatly along party lines, at least at first.

But it underlines a damaging perception that could hurt him in a presidential election if he does end up as the Republican candidate.

(Excerpt) Read more at bbc.co.uk ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Culture/Society; Extended News; Front Page News; News/Current Events; Philosophy; Politics/Elections; United Kingdom
KEYWORDS: romney; tax; wealth
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To: EnglishCon

Well Obama’s class warfare is even working on conservatives. There may be stuff about Romney that isn’t just what I want but making money and paying his taxes in accordance with the law isn’t included.

What a bunch of hypocrites these rats are - all their dirty under the table deals - they’re just jealous.


21 posted on 01/25/2012 12:22:20 AM PST by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: EnglishCon

Well Obama’s class warfare is even working on conservatives. There may be stuff about Romney that isn’t just what I want but making money and paying his taxes in accordance with the law isn’t included.

What a bunch of hypocrites these rats are - all their dirty under the table deals - they’re just jealous.


22 posted on 01/25/2012 12:22:32 AM PST by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: Aria

What a bunch of hypocrites these rats are - all their dirty under the table deals - they’re just jealous.


I disagree. They are downright dangerous.

One of the things that defines a conservative, so I have come to believe, is the willingness to look at the facts, think for themselves and not simply follow the crowd.

You see it here every day. Good, solidly conservative people who can disagree with each other because they make their own minds up. It is usually respectful, sometimes it is not.

The left, on the other hand, buy into what they are told, body and soul (generalizing, there may be honest and independantly minded leftists, though I personally have never met one).

Remember what usually happened when the independant, honor seeking Goths battled the Roman legion marching in lock step? It rarely came out good for the Goths.

That is why places like FR are so important - and why I support it wholeheartedly. Conservatives can at the very least settle into centuries and be ready to fight the legions on more or less equal terms.

A bit of a florid example - possibly. Do I believe it - yes.


23 posted on 01/25/2012 12:41:42 AM PST by EnglishCon
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To: FReepers
GO NEWT!!!

GO FREE REPUBLIC!!!

24 posted on 01/25/2012 12:48:21 AM PST by onyx (PLEASE SUPPORT FREE REPUBLIC - DONATE MONTHLY! If you want on Sarah Palin's Ping List, let me know!)
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To: jpsb

Where Mitt screwed up was not releasing his taxes long ago without having to be asked. He should have been loud and proud, he should have been saying that he will push for policies that would make it easier for people to keep more of their money instead of sending so much to the government. But he fell for the Dim line that that somehow rich people don’t deserve to be rich and seems to have tried to hide it when it was obvious to anyone who took a moment to look.

I appreciate that people invest their money, it helps keep the economy going and creates jobs and he could have been making that point all along. I appreciate that I could be wealthy too with ambition and the right decisions.


25 posted on 01/25/2012 12:51:37 AM PST by tiki
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To: tiki

One of the few things from Romney I liked from the debate was him saying - “Would anyone want a president who paid more taxes than they have to.”

That needs be Gingrich’s next attack point on the dems and Obama.


26 posted on 01/25/2012 1:31:06 AM PST by EnglishCon
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To: EnglishCon

I’ve got little use for Romney, but as I recall, he’s typically paid about 15% in taxes and has contributed about 15% to charities (granted, I suspect, mostly LDS tithes).

But in general, I’d ask which would do more good - enabling the federal leviathan with 30% of one’s income, or giving half of that amount to private charities instead?


27 posted on 01/25/2012 4:13:17 AM PST by Stosh
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To: tiki

On yesterday’s “The Five” Dana said that in 68 Rockeffelor didn’t want to release his tax forms because he was afraid people would find out that he was not as rich as they thought. How far we have come. It is a complete 180 from celebrating success to demonizing it!


28 posted on 01/25/2012 5:08:06 AM PST by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: jessduntno

Oh I hope so.....I am so tried of being ‘nice guy’ we need to stand up...


29 posted on 01/25/2012 9:04:04 AM PST by haircutter
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To: haircutter

“Oh I hope so.....I am so tried of being ‘nice guy’ we need to stand up...”

remember the Newt years as being very similar to Tom Delay...brawls, fights, he was a bastard. But He’s my bastard and in a knife fight, he’ll bring a gun and he has nothing to lose...his career is over at this point if he doesn’t win and he knows it. He’s a dangerous man. People don’t understand that about Newt.


30 posted on 01/25/2012 9:19:18 AM PST by jessduntno ("'How fortunate for governments that the people they administer don't think." - Adolph Hitler)
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To: EnglishCon

Love the proportional argument.

Proportionally a rich man’s house costs less of his net worth than my house costs of my net worth. Not fair! His car costs him proportionally less than my car costs me. Not fair. Eating is cheap, proportionally, for him. Not fair.

We should make it so that the rich man must pay $1,000 for a loaf of bread so that things are more fair to me.


31 posted on 01/25/2012 9:28:08 AM PST by keepitreal ( Good manners never go out of style)
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To: jessduntno
oh hell.
they are all dangerous...

Newt is a very smart mind, he will write books and he will always be involved some way or another...don't write him off...

by the way is Tom Delay still alive?

32 posted on 01/25/2012 11:42:35 AM PST by haircutter
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To: haircutter

In August, 2010, the government ended a six-year investigation of his ties to the disgraced lobbyist Jack Abramoff, according to DeLay’s lead counsel in the matter, Richard Cullen. A state case continued in Texas.[60] DeLay was tried October 26 in Austin, Texas, on charges of money laundering.[61] On November 24, a Texas jury convicted DeLay of money laundering and conspiracy to money launder. He faced prison time of anywhere from two to 20 years for conspiracy and five to 99 years or life for money laundering.[62][63] On January 10, 2011, Texas Senior Judge Pat Preist sentenced him to three years of prison in the Texas Department of Criminal Justice.[64]


33 posted on 01/25/2012 1:54:39 PM PST by jessduntno ("'How fortunate for governments that the people they administer don't think." - Adolph Hitler)
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To: Stosh

You are right on the later but not on the former. Romney have paid 30% prior to the 15%.

On another subject, looks like the Freepers has been taken over by liberals, Democrat’s like there is something wrong to rich.

God bless


34 posted on 01/25/2012 9:09:28 PM PST by Lily4Jesus ( Jesus is LORD)
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To: Stosh

You are right on the later but not on the former. Romney have paid 30% prior to the 15%.

On another subject, looks like the Freepers has been taken over by liberals, Democrat’s like there is something wrong to be rich.

God bless


35 posted on 01/25/2012 9:10:11 PM PST by Lily4Jesus ( Jesus is LORD)
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