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Playinghardball

(11,665 posts)
Fri Sep 21, 2012, 02:27 PM Sep 2012

Romney paid 14.1 percent effective tax rate in 2011 [View all]

Source: NBC NEWS


Mitt Romney paid an effective tax rate of about 14 percent last year, his campaign said Friday while also announcing that the Republican presidential nominee had paid an average annual effective tax rate of about 20.2 percent between 1990 and 2009.

Romney made good on its pledge to release his tax returns from 2011 before the election, and went a step further than was previously anticipated in releasing a certified summary of his tax returns over a two-decade period preceding 2010.

While the full tax documents won't be made available until a little later this afternoon, the Republican's campaign said Romney paid more than $1.9 million in taxes on income of about $13.7 million. That amounts to a 14.1 percent effective tax rate; the tax level is lower because most of the Romneys' income comes from investment, which is taxed at a lower rate than employment income.




Read more: http://firstread.nbcnews.com/_news/2012/09/21/14015361-romney-paid-141-percent-effective-tax-rate-in-2011?lite

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I'm SO PISSED!! The MSM better say that Mitt tweaked 2011 to actually PAY in that much!!! progressivebydesign Sep 2012 #1
I want to see his deductions and write-offs, etc............. George II Sep 2012 #12
that's what I thought, too! They'll file an amended return later. What a sleazeball. nt progressivebydesign Sep 2012 #19
Wow -- You've packed a lot of misunderstanding into one post! cordeg Sep 2012 #38
No Pain, it's Plain His Gain. MIDNITERIDER1438 Sep 2012 #42
It's not his tax returns. It's a summary of them. Prepared by PricewaterhouseCoopers. FourScore Sep 2012 #2
Exactly. 2011 is "complete" but the others are summaries of his "tax rate" progressivebydesign Sep 2012 #4
It's complete -- AND the tax rate is a bit higher than in the year previously released. JDPriestly Sep 2012 #10
I'm so angry. Zoeisright Sep 2012 #3
+10,000 smirkymonkey Sep 2012 #37
I doubt it was even that high... /nt Ash_F Sep 2012 #5
Where are the tax returns where he got Swiss bank account amnesty???? nt valerief Sep 2012 #6
Good Question MIDNITERIDER1438 Sep 2012 #43
I'll just bet that his Book Cookers, had to really sweat to make it look like he paid even this much SoapBox Sep 2012 #7
Hell, you know he's willing to pay 1.94 million in taxes to win this.. progressivebydesign Sep 2012 #20
I want to see his stock portfolio... jonesgirl Sep 2012 #8
Let me guess. Virtually no ordinary income tax, almost all tax was the billionaire's rate of 15% BlueStreak Sep 2012 #9
Romney has released just the last 2 years (2010 & 2011) - Get real! GreenTea Sep 2012 #11
Well that's all "you people" deserve! It's just "so hard" ya know. progressivebydesign Sep 2012 #22
How do we know these documents are authentic? I don't trust Robme! Liberal_Stalwart71 Sep 2012 #13
So this means he gave 45 percent of his income. grok Sep 2012 #14
When Romney Filed For His Extension DallasNE Sep 2012 #36
The full documents are to be released later this afternoon? WTF!!!!! citizen blues Sep 2012 #15
He underclaimed charitable deduction to boost tax rate--will amend in Nov... tokenlib Sep 2012 #16
so he gave more to charity than he paid in taxes????? skeewee08 Sep 2012 #17
who certified the summary? nt shireen Sep 2012 #18
I paid a higher rate bluestateguy Sep 2012 #21
Seriously, those temples are ridiculously lavish mansions... progressivebydesign Sep 2012 #23
Actually not true. MIDNITERIDER1438 Sep 2012 #44
This Doesn't Pass The Smell Test DallasNE Sep 2012 #24
2011 estimate?? How much had he estimated his income would be??? Probably offshore somewhere.... cbdo2007 Sep 2012 #28
His Estimate Reported $20.9 Million In Income DallasNE Sep 2012 #34
What he banked overseas in tax-free countries would be more interesting RoccoR5955 Sep 2012 #25
Low capital gains tax rate Fgiriun Sep 2012 #29
We'll never know, and neither will the IRS. MIDNITERIDER1438 Sep 2012 #45
desperate to change the subjest MFM008 Sep 2012 #26
I think a lot of people are missing the point Fgiriun Sep 2012 #27
So? I'm still interested in his relationships with his FOREIGN BANKING friends. nt patrice Sep 2012 #30
Mitt-Ann-Romney-Tax-Return-2011-as-released-by-campaign krawhitham Sep 2012 #31
Compare And Contrast To 2011 Estimate DallasNE Sep 2012 #33
the nail in his coffin if exposed . . . ellenfl Sep 2012 #32
here's what I want to know nycbiscuit Sep 2012 #35
good question for IRS to pursue but I won't hold my breath wordpix Sep 2012 #39
entitled lying prick.... go move to Somalia! fascisthunter Sep 2012 #40
What A Schlemiel ! MIDNITERIDER1438 Sep 2012 #41
I paid about 30% on income < 100k.... Evasporque Sep 2012 #46
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