Sat Sep 22, 2012, 12:30 AM
highplainsdem (12,047 posts)
Romney released 20-yr tax summary rather than 12-yr or 10-yr to average in higher 1992-97 rates
From Citizens for Tax Justice:
“Further, the summary provided by his lawyer is playing games by averaging Romney’s 20-year tax rate. Including the years 1992-97 skewed his rate upwards because during those years, the capital gains rate was 28 percent instead of the 15 percent it is now. If they’d averaged only the last 15 years, his rate would have been much lower.
That's in addition to another game they played with the tax average, one noted by the Wall Street Journal in its Live Audit:
We checked with the Romney campaign and the 20-year tax-rate average is a simple one (i.e., the average of the percentage in each year) rather than a weighted one (i.e., where you add up all the tax paid across the 20 years and divide it by all the income).
4 replies, 884 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Romney released 20-yr tax summary rather than 12-yr or 10-yr to average in higher 1992-97 rates (Original post)
|Tennessee Gal||Sep 2012||#1|
Response to highplainsdem (Original post)
Sat Sep 22, 2012, 12:36 AM
Tennessee Gal (6,160 posts)
1. Yes, they gamed the American people with this averaging.
This will not quiet anyone. It will only cause more questions and pressure on Romney.