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Fri Sep 21, 2012, 03:17 PM

DonViejo (4,523 posts)

Romney Artificially Inflated 2011 Taxes After Decrying The Idea

Source: TPM

Mitt Romney's trustee said in a campaign press release that Romney artificially inflated his own effective tax rate so it would remain above 13 percent by deferring $1.75 million in charitable deductions. Romney had previously said that none of his last decade of tax returns dipped below that 13 percent threshold.

In an interview with ABC News in July, however, Romney dismissed the idea that he would ever pay more taxes than legally owed, saying if he did so he wouldn't be "qualified" to be president.

"I don't pay more than are legally due and frankly if I had paid more than are legally due I don't think I'd be qualified to become president," Romney said. "I'd think people would want me to follow the law and pay only what the tax code requires."

Read more: http://livewire.talkingpointsmemo.com/entry/romney-artificially-inflated-2011-taxes-after-decrying-idea

18 replies, 4044 views

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18 replies	Author	Time	Post
Romney Artificially Inflated 2011 Taxes After Decrying The Idea (Original post)	DonViejo	Sep 2012	OP
Holy mitt-deferrals, mittman!	truthisfreedom	Sep 2012	#1
But he's willing to demean 47% of the population who pay 'what the tax code requires'.	sinkingfeeling	Sep 2012	#2
Very well put!!	beac	Sep 2012	#5
OMG	Liberalynn	Sep 2012	#8
Bingo	DirkGently	Sep 2012	#15
Idea for a new TV series: Everybody Hates Mitt.	nolabear	Sep 2012	#3
Romney is poison	jonesgirl	Sep 2012	#4
This is going to be good....every desperate act of Romney turns to shit!	NRaleighLiberal	Sep 2012	#6
More to come..."if he did so, ..he wouldn't be "qualified" to be president."	Stuart G	Sep 2012	#7
Hmm Mittens and I finally agree on something!	Liberalynn	Sep 2012	#9
If that quote..that was just posted....	Stuart G	Sep 2012	#10
He's got three years to file an Amended Return and (re)claim those "charitable" deductions.	TahitiNut	Sep 2012	#11
rates for wealthy will most likely go up	NMlib	Sep 2012	#12
He is SO full of mierde!	flamingdem	Sep 2012	#13
My question is	nichomachus	Sep 2012	#14
he didn't want to show that he "tithes" (10% of all income) to the Mormon church	UpInArms	Sep 2012	#16
It;s not a Win Win	JohnColston	Sep 2012	#17
The wheels on the bus...	Sophiegirl	Sep 2012	#18

Response to DonViejo (Original post)

Fri Sep 21, 2012, 03:21 PM

truthisfreedom (17,677 posts)

1. Holy mitt-deferrals, mittman!

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Response to DonViejo (Original post)

Fri Sep 21, 2012, 03:23 PM

sinkingfeeling (27,820 posts)

2. But he's willing to demean 47% of the population who pay 'what the tax code requires'.

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Response to sinkingfeeling (Reply #2)

Fri Sep 21, 2012, 03:27 PM

beac (9,340 posts)

5. Very well put!!

Last edited Fri Sep 21, 2012, 03:32 PM USA/ET - Edit history (1)

Following tax laws = OK for Mittens and millionaires but not for mooching mere mortals!

ETA:

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Response to beac (Reply #5)

Fri Sep 21, 2012, 03:53 PM

Liberalynn (5,547 posts)

8. OMG

on the graphic

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Response to sinkingfeeling (Reply #2)

Sat Sep 22, 2012, 08:00 AM

DirkGently (6,665 posts)

15. Bingo

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Response to DonViejo (Original post)

Fri Sep 21, 2012, 03:25 PM

nolabear (14,700 posts)

3. Idea for a new TV series: Everybody Hates Mitt.

And with good reason. He's been such an outrageous, manipulative, flip-flopping tool that no one trusts him as far as they can throw that dancing horse. At this point everything he does looks bad, simply by being associated with him. And by that I mean those taxes will be gone over with a fine toothed comb and any hint of smell will be used as further proof that *gasp!* Mitt Romney is exactly what he is. UNQUALIFIED TO BE PRESIDENT.

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Response to DonViejo (Original post)

Fri Sep 21, 2012, 03:26 PM

jonesgirl (157 posts)

4. Romney is poison

Pure poison

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Response to DonViejo (Original post)

Fri Sep 21, 2012, 03:34 PM

NRaleighLiberal (28,612 posts)

6. This is going to be good....every desperate act of Romney turns to shit!

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Response to DonViejo (Original post)

Fri Sep 21, 2012, 03:51 PM

Stuart G (7,676 posts)

7. More to come..."if he did so, ..he wouldn't be "qualified" to be president."

Last edited Fri Sep 21, 2012, 03:52 PM USA/ET - Edit history (2)

should be good for a few laughs once everyone realizes what this means...

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Response to Stuart G (Reply #7)

Fri Sep 21, 2012, 03:54 PM

Liberalynn (5,547 posts)

9. Hmm Mittens and I finally agree on something!

He isn't qualified to be President.

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Response to Liberalynn (Reply #9)

Fri Sep 21, 2012, 04:01 PM

Stuart G (7,676 posts)

10. If that quote..that was just posted....

gets wide spread coverage...it could be worse than the "47" percent quote..I didn't think this could get more ugly for Romney..
IT JUST DID.....................TERRIFIC FOR US..

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Response to DonViejo (Original post)

Fri Sep 21, 2012, 04:46 PM

TahitiNut (71,568 posts)

11. He's got three years to file an Amended Return and (re)claim those "charitable" deductions.

If anyone thinks for even a hot nanosecond that the MittWit won't do that, I've got a bridge ...

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Response to DonViejo (Original post)

Fri Sep 21, 2012, 05:21 PM

NMlib (34 posts)

12. rates for wealthy will most likely go up

So Mitt gets to take the deduction next year for the 1.75 million at a higher rate. If rates increase ten percent ....he saves $175 thousand. Pocket change for him but still....

How is this legal?

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Response to DonViejo (Original post)

Fri Sep 21, 2012, 05:22 PM

flamingdem (22,687 posts)

13. He is SO full of mierde!

So he changed them to look like he pays more than the usual 9% or less, what a moran

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Response to DonViejo (Original post)

Fri Sep 21, 2012, 05:24 PM

nichomachus (10,085 posts)

14. My question is

Did we get the long form? And I want the original, not copies. I mean he could tell us anything and how do we know he's telling the truth. He's lied about everything else.

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Response to DonViejo (Original post)

Sat Sep 22, 2012, 09:51 AM

UpInArms (42,640 posts)

16. he didn't want to show that he "tithes" (10% of all income) to the Mormon church

so, for shit-mitt, it's a win-win

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Response to DonViejo (Original post)

Mon Sep 24, 2012, 06:31 PM

JohnColston (11 posts)

17. It;s not a Win Win

It;s just for the show

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Response to DonViejo (Original post)

Mon Sep 24, 2012, 08:33 PM

Sophiegirl (529 posts)

18. The wheels on the bus...

Last edited Mon Sep 24, 2012, 08:38 PM USA/ET - Edit history (2)

...go round and round...round and round...all through the town.

I can't wait for the debates so I can watch Mittens strip the gears.

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