Romney Estimates 15 Percent Tax Rate as Rivals Hit Him on Taxes
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Mitt Romney estimated he pays an effective tax rate of close to 15 percent and said hed 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.
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I know that if Im the nominee, people will want to see the most recent year, Romney told reporters. Asked what effective tax rate he pays, he said, Its 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.)
Skittles
(152,918 posts)fucking rich vulture bastard
Angry Dragon
(36,693 posts)Kablooie
(18,544 posts)Or not.
JohnnyRingo
(18,563 posts)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.
itsrobert
(14,157 posts)Please continue conversation here:
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