by Griper
After weeks of stalling, the pretender, Mitt Romney did an about-face on Tuesday and said he will release his tax returns in April and that they will show he pays close to 15 percent of his income in taxes.
Romney, a multimillionaire, has been under pressure from his rivals for the Republican presidential nomination and others to release the information. Now we know his true side. He'd previously said he wouldn't release it.
"What's the effective rate I've been paying? It's probably closer to the 15 percent rate than anything," Romney said. "Because my last 10 years, I've ... my income comes overwhelmingly from investments made in the past, rather than ordinary income or rather than earned annual. I got a little bit of income from my book, but I gave that all away. And then I get speaker's fees from time to time, but not very much." No wonder he is so hip on sucking the banks butt pucker!
Speaking to reporters after a campaign stop in SC, Romney said most of his income comes from investments, not regular wages and salary. The tax rate on investment income is 15 percent, much lower than the 35 percent rate applied to wages for those in the highest tax bracket. (sneaky little bastard isn't he?)
But in a debate Monday night, Texas Gov. Rick Perry insisted that Romney release his returns, saying that the party needs to fully scrutinize its nominee now instead of later. The Stay Puft Marshmallow Man, Newt Gingrich said he will release his tax information this week.
Romney has resisted calls to release his tax returns, insisting that he and his wife, Ann, have complied with federal law that requires them to disclose information about their financial Hidings. (Oh, I mean) holdings.
"I know that if I'm the nominee, people will want to see the most recent year, and see what happened in the most recent year," Romney said, suggesting he'd release their 2011 tax information. "We'll wait until the tax returns for the most recent year are completed, then release them." For a good laugh again at the middle class exspence.
Romney's wealth - he is worth between $190 and $250 million - puts him among the wealthiest Americans. But if most of his income is from investments, it could help him to significantly lower his federal tax bill compared to people who make money in other ways.
Romney, a multimillionaire, has been under pressure from his rivals for the Republican presidential nomination and others to release the information. Now we know his true side. He'd previously said he wouldn't release it.
"What's the effective rate I've been paying? It's probably closer to the 15 percent rate than anything," Romney said. "Because my last 10 years, I've ... my income comes overwhelmingly from investments made in the past, rather than ordinary income or rather than earned annual. I got a little bit of income from my book, but I gave that all away. And then I get speaker's fees from time to time, but not very much." No wonder he is so hip on sucking the banks butt pucker!
Speaking to reporters after a campaign stop in SC, Romney said most of his income comes from investments, not regular wages and salary. The tax rate on investment income is 15 percent, much lower than the 35 percent rate applied to wages for those in the highest tax bracket. (sneaky little bastard isn't he?)
But in a debate Monday night, Texas Gov. Rick Perry insisted that Romney release his returns, saying that the party needs to fully scrutinize its nominee now instead of later. The Stay Puft Marshmallow Man, Newt Gingrich said he will release his tax information this week.
Romney has resisted calls to release his tax returns, insisting that he and his wife, Ann, have complied with federal law that requires them to disclose information about their financial Hidings. (Oh, I mean) holdings.
"I know that if I'm the nominee, people will want to see the most recent year, and see what happened in the most recent year," Romney said, suggesting he'd release their 2011 tax information. "We'll wait until the tax returns for the most recent year are completed, then release them." For a good laugh again at the middle class exspence.
Romney's wealth - he is worth between $190 and $250 million - puts him among the wealthiest Americans. But if most of his income is from investments, it could help him to significantly lower his federal tax bill compared to people who make money in other ways.
Topics:
Mitt Romney Taxes
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- January 18, 2012 1:42 am
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Attitude and Barbie like this.
Barbie
He wants to cap middle income at 25% yet he pays 15% what a jerk!
- January 18, 2012
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- 1 person
Griper
This avoidance and hesitation by Romney only means that he has something to hide and the American people don't get! Lies and cover-ups... This is the real Romney that you are about to vote for!
- January 18, 2012
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Griper
Wow, just found out he paid about 14%. Oh, because it was money made on investments. Would you not like to pay only that much tax? Then you would have more money to invest in the economy and create real jobs instead of destroying them and getting rewarded for it.
- January 24, 2012
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Attitude
America has been a sleep, coma or denial for decades the top 1% elitists make the laws, pass everything that rewards the rich and keeps the middle and lower classes in the same place. They can afford the lawyers to get them out of taxes, lobbyists to stop block and pass what helps their big business...
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- January 24, 2012
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