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Tue Jan 17, 2012, 07:40 PM

Romney Estimates 15 Percent Tax Rate as Rivals Hit Him on Taxes

This discussion thread was locked as off-topic by itsrobert (a host of the Latest Breaking News forum).

Mitt Romney estimated he pays an effective tax rate of close to 15 percent and said he’d release further details in April if he clinches the Republican presidential nomination, as his rivals in the race crisscrossed South Carolina to prevent that from happening.

<snip>

“I know that if I’m the nominee, people will want to see the most recent year,” Romney told reporters. Asked what effective tax rate he pays, he said, “It’s probably closer to the 15-percent rate than anything, because my last 10 years, my income comes overwhelmingly from investments made in the past, rather than ordinary income or earned annual income.

He also said: “I got a little bit of income from my book, but I gave that all away, and I know I get speakers’ fees from time to time, but not very much.

Romney earned almost $375,000 in speaking fees from Feb. 26, 2010 to Feb. 20, 2011, according to his personal financial disclosure. In that report, he reported between $190 million and $250 million in assets.

Source: Bloomberg Business Week
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If that doesn't SHOUT 1% to voters, I don't know what will. Oh, the areas of vulnerability for this man as THE 2012 GOP candidate are legion! (Emphases above are mine.)

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Reply Romney Estimates 15 Percent Tax Rate as Rivals Hit Him on Taxes (Original post)
tpsbmam Jan 2012 OP
Skittles Jan 2012 #1
Angry Dragon Jan 2012 #3
Kablooie Jan 2012 #4
JohnnyRingo Jan 2012 #2
itsrobert Jan 2012 #5

Response to tpsbmam (Original post)

Tue Jan 17, 2012, 07:44 PM

1. he is not 1% - he is .01%

fucking rich vulture bastard

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Response to Skittles (Reply #1)

Tue Jan 17, 2012, 07:56 PM

3. probably closer to .001%

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Response to Skittles (Reply #1)

Tue Jan 17, 2012, 10:07 PM

4. Oh, we're all just jealous and want to be given something for nothing.

Or not.

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Response to tpsbmam (Original post)

Tue Jan 17, 2012, 07:49 PM

2. Even worse, his words were "closer to" 15%

If he paid 17%, he'd say it was closer ro 20%, so we know it's less than 15%.

It'll probably come out to more like 12% by the time his lawyers pad the numbers, and he wants to eliminate the capital gains tax to lower that figure even further. Greedy asshole.

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Response to tpsbmam (Original post)

Tue Jan 17, 2012, 10:10 PM

5. Locking Duplicate

Please continue conversation here:

http://bit.ly/xLbEDH

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