And thank you both very much for validating my point and the writer's analysis.
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And thank you both very much for validating my point and the writer's analysis.
I take that as you have no examples of republicans helping minorities! I didn't think so, and I think your writer has none either.Quote:
Originally Posted by speechlesstx
You didn't even read the article.
I found it offensive that a brother could so callously degrade those who push for progress through some very strong opposition, and not recognize the many who have worked hard to succeed despite the notion that they were devalued and chastised and it's a point of fact that he was talking only of a small percentage of those yet he painted all the brothers as whores, and lazy shiffless welfare bums.
Of course its no surprise that you buy into his skewed rendition of history because it fits your notion of what a black person is. Not all minorities are on the welfare dole, just as all white people are rich greedy b@stards.
Besides the fact that Harry Reid and Durbin are shamelessly campaigning from the Senate floor, Obama has some new campaign merchandise... welcome to Obamaland.
Because we are not a red nation ,we are not a blue nation... we are an Obama~nation.Quote:
Originally Posted by speechlesstx
Tom you have seen the lightQuote:
Originally Posted by tomder55
Mitt released his 2011 tax numbers, so after all of Harry Reid's huffing and puffing here's what you have:
Go ahead, huff and puff and blow some more smoke about a rich, greedy guy whose average effective tax over 20 years is 20.20% and donated nearly 30 percent of his income last year.Quote:
Note From Trustee Brad Malt
Brad Malt | September 21, 2012
This morning, Gov. and Mrs. Romney filed their 2011 tax return with the IRS. At 3:00pm today, the Romney for President campaign will be posting the 2011 return online.
The complete 2011 tax return, with full schedules, statements, and attachments, will be made available with all other previously-disclosed information at Public Disclosure | Mitt Romney for President.
Also posted will be a notarized letter from the Romneys’ tax preparer, PricewaterhouseCoopers, LLP (PWC), giving a summary of tax rates from the Romneys’ tax returns for the 20-year period of 1990-2009.
In advance of the posting of these new documents, I wanted to provide some top-line details.
Regarding the newly-filed 2011 Tax Return:
- In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment income.
- The Romneys’ effective tax rate for 2011 was 14.1%.
- The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income.
- The Romneys claimed a deduction for $2.25 million of those charitable contributions.
The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.
As with the 2010 tax return, the 2011 tax return will appear as four separate documents. It includes Governor and Mrs. Romney's Form 1040 as well as three underlying Massachusetts trusts detailing the sources of their income. Those are The W. Mitt Romney Blind Trust, The Ann D. Romney Blind Trust, and The Romney Family Trust.
The investments within the trusts are managed on a blind basis by me, the trustee. I have sole responsibility for making, holding and disposing of the investments.
Regarding the PWC letter covering the Romneys’ tax filings over 20 years, from 1990 – 2009:
- In each year during the entire 20-year period, the Romneys owed both state and federal income taxes.
- Over the entire 20-year period, the average annual effective federal tax rate was 20.20%.
- Over the entire 20-year period, the lowest annual effective federal personal tax rate was 13.66%.
- Over the entire 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income.
- Over the entire 20-year period, the total federal and state taxes owed plus the total charitable donations deducted represented 38.49% of total AGI.
During the 20-year period covered by the PWC letter, Gov. and Mrs. Romney paid 100 percent of the taxes that they owed.
Finally, in addition to new documents related to tax filings, the campaign will also be posting on the same website physician letters for both Gov. Romney and Rep. Ryan, making public their current state of health.
After you have reviewed all of the newly-posted documents, you may have further questions. The campaign asks that you direct them to an e-mail account set up for that purpose. That e-mail address is returns @ mittromney.com.
Thank you.
R. Bradford Malt is a partner at Ropes & Gray, LLP. He has been the trustee of the Romney’s blind trust since 2003.
Sounds like a marxist/socialist to me. Anti-american.Quote:
Second, the Romneys take to heart "to whom much is given, of him shall much be required."
That depends, if it's Mitt's version of PERSONAL sacrifice that's 100 percent American and 100 percent biblical. But then there's Obama's version.Quote:
Originally Posted by NeedKarma
Translation, "from whom much has earned, much shall be taken and redistributed."Quote:
"For me as a Christian, it also coincides with Jesus's teaching that for unto whom much is given, much shall be required," Obama said
Reid is predictably in denial...
Quote:
Reid on Romney deciding to release 2011 returns: "He's hiding something. He's hiding something! It is so evident he's hiding something!"
Aren't they All! now about Mitt,14% tax consistently over years; for the accountant in me that raises a few questions, it centainly doesn't answer the prime question, why does he need a tax cut?
Only one year. He's got something to hide.
No Karma his accountants say his effective rate has been consistent over twenty years, he has more than something to hide, I would suspect he has some creative accountantsQuote:
Originally Posted by NeedKarma
A 20 year average is only one year? Math is hard isn't it?Quote:
Originally Posted by NeedKarma
A flat tax would take care of that .Quote:
Originally Posted by paraclete
Romney doesn't want a flat tax he already has one. Tom, make your tax twenty five percent off the top, for Corporations as well as people, exempt welfare and unemployment, no other deductions or concessions and I will agree with you. When you have dealt with the debt and the deficit you can reduce tax just as we did
Our companies would jump at the chance for a 25% rate. The US corporate tax rate is already the highest in the world .The U.S. rate is 39.2% when both federal and state rates are included.Your country by comparison is at 30% .
You can't tax your way out of the debt mess we are in . The only answer is to grow the economy and cut the size of government . That means lower ,flatter rates are in order.
Rich guys can manipulate the books any way they please. And they do. So I think Clete has a legit question. If he can lower his taxes with deductions and still pay a lower rate than the bus drivers, why does he need a bigger tax cut?
And a letter from his accountant means squat. And how are those tax cuts paid for? He hasn't said so how do we know?
Tom don't keep bringing up all those hoary old chesnuts, we were once at 45% and where did it get us, the business went to China, but now our top marginal rate is 47.5% where it has been for years so we tax the rich and keep the debt low. You might like to think about our system we don't have state tax or state sales tax so we have a nice flat GST 10%. Our corporate taxes are lower so we can compete with you, you might say 39.2% but the effective rate is very low 2% in some casesQuote:
Originally Posted by tomder55
http://thinkprogress.org/economy/201...-nine-percent/
Your condescension aside, releasing an average is certainly not the same as releasing your returns. He's hiding something.Quote:
Originally Posted by speechlesstx
Yeh he's hiding that he manipulates the system, doesn't look good to the poor people
Hello again,
Did I mention that I was a tax planner? Actually, I just ran the company, but I learned a few things... Primarily, there's only ONE reason to have a Cayman Island bank account, and that's bank secrecy. The only reason you'd WANT an account like that is if you have something you don't want the US Government to know...
Now, I don't know if he cheated... But, if you see a masked man with a gun walking into a bank, it's a fair assumption to believe that he's going to rob the bank.
excon
I've looked for some time now and I just can't find the law that says having off shore accounts was illegal . Romney has not had income from anything other than investments for some time now . He took on jobs as Governor of Mass. And the Salt Lake City Olympics without pay . So the income he's realized was income that was already taxed ,and is being taxed again .Quote:
Primarily, there's only ONE reason to have a Cayman Island bank account, and that's bank secrecy. The only reason you'd WANT an account like that is if you have something you don't want the US Government to know...
Now, I don't know if he cheated... But, if you see a masked man with a gun walking into a bank, it's a fair assumption to believe that he's going to rob the bank.
The Kennedy's are not "masked man with a guns"... right ? And yet the Kennedy family (JFK ,Teddy.. all of them )sheltered almost all their inheritted money there for decades .
Now Mitt... highest estimate I've seen has him having about $30 million in overseas accounts ,which represents about 10% of his wealth.The low was about $7 million . So around 90% of his income is invested in the US .As the audit of his taxes has shown ;he has contributed about 50 million dollars to charity in the time frame of the audit ,and still paid a 14% tax rate... which was far greater than the much richer John Kerry paid.
Hello again, tom:Quote:
Originally Posted by tomder55
There's nothing illegal about it all. In fact, I agree with Romney's previous statement, when he said nobody should vote for him if he paid MORE taxes than necessary... That was the essence of what I did... I helped people pay the lowest amount possible... I don't mean to suggest that he cheated, or that I HELPED people cheat. I didn't... I just kept what we did SECRET, and the banks helped with that... Frankly, that's what I think ALL banks should do - keep their MOUTHS shut, but I digress...
Having said that, if I had a client who was interested in running for president at some future date, I'd suggest that he DIDN'T avail himself of my services... That's because it'll LOOK exactly like it DOES look, and that ain't going to help ANY presidential candidate..
In terms of not voting for Romney if he paid MORE taxes than he owed, then NOBODY should vote for him.. Clearly, he didn't deduct all the charitable contributions he made because that would have brought his tax rate BELOW what he told Jake Tapper that it would be. So, he found the tax rate he WANTED to pay, and worked BACKWARDS from there. It was easy. He paid MORE taxes than he owed. Therefore, he doesn't deserve your vote.
So, after FOOLING you and me and Jake Tapper, when the campaign is over, Romney can simply file an amended return and claim ALL the charitable deductions he DIDN'T take, and get them then... We'll never know, will we?
Does Romney really think that nobody understands taxes?? Which brings me to my next point?? Why, at this particular point in the campaign, would he release this return?? From a POLITICAL perspective, this is absolutely the WRONG time to do it...
Obama in an even bigger landslide than I predicted before...
excon
We aren't voting for Romney, the real president and vice is Karl Rove and Grover Norquist, with Rush Limbaugh as press secretary. Mitt Ryan, Paul Romney, whatever, are but the official signer of documents, and his constituents are doormen and drivers for the getaway.
Matter of fact, the first robbery was so successful, they just have to try it again. Can you blame them?
OK so here's the deal. Obama has his pension in the General Assembly Retirement System in Illinois. They are invested in the Cayman Islands and in China through an entity called 'Advent International'... the specific investment being' Advent International GPE VI-A' . It's just part of a diversified portfolio.
So Romney's money is invested in the Caymans and China in a blind trust where he makes no investment decisions ;and the President's pension is invested in the 2 places also. In both cases they make no decision where the money is invested .
Hope that ends that phoney contention .
You mean like Sensata?
Romney has majority shares in Bain . He has no operational authority or decision making in the company.Romney ran Bain Capital from 1984 through 1999 He left the company to run the 2004 Winter Olympics .Senseta was acquired by Bain in 2006.
Hello again, tom:
If high gas prices are Obama's fault, Senseta is Romney's fault.
excon
Romney hasn't worked at Bain in over a decade. Obama has been prez for nearly 4 years. Since you're still blaming Bush for everything I don't expect you to understand.
What's ironic is you libs keep living in the past while warning that Romney is going to take us backwards in time.
Hello again, Steve:
Let me ask you this.. Let's say a drunk driver crashed into your car 4 years ago... You were hurt, and hurt badly.. Now, four years later, you're NOT recovering as fast as you want to.Quote:
Since you're still blaming Bush for everything
Is your PAIN due to the drunk driver, or your doctor?
Now, if that were ME, it would be the drunk drivers fault FOREVER.. He'd NEVER get a pass. To YOU, the drunk is COOL, but your doctor is the bad guy...
Makes NO sense to me.
Excon
Obama said the low gas prices at the beginning of his term was due to a bad economy. Well gas prices were that low at the end of the Clintoon Presidency and the Dems brag about how good the economy was when he left... AND... gas prices are high now ,and the economy still sucks .
I'd say when you get injured you shouldn't go to an amateur and a quack for treatment. You're an idiot if you keep going to the same quack instead of finding a new doctor.Quote:
Let me ask you this.. Let's say a drunk driver crashed into your car 4 years ago... You were hurt, and hurt badly.. Now, four years later, you're NOT recovering as fast as you want to.
Is your PAIN due to the drunk driver, or your doctor?
Now, if that were ME, it would be the drunk drivers fault FOREVER.. He'd NEVER get a pass. To YOU, the drunk is COOL, but your doctor is the bad guy...
Makes NO sense to me.
You guys elected a quack conservative before and want to do it again. That's insanity, because what makes you think the results will be different this time.
Same policies, same taxe cuts, same ideas, just a different conservative, and for the record the patient is stable and healing under this doctor, but not ready for a marathon. But its amazing how you pass over things your guy does, but holler because our guy doesn't dothem the same way,or fast enough.
Amazing!
If you think anemic is good enough then you're there. Even Bill Clinton said the patient is still struggling - at an Obama campaign event.
I agree.Quote:
Governor Romney’s argument is, ‘We’re not fixed, so fire him and put me in.’ It is true, we’re not fixed. When President Obama looked into the eyes of that man, who said in the debate, ‘I had so much hope four years ago, and I don’t now,’ I thought he was gonna’ cry — because he knows that it’s not fixed.
So why should we dump the doctor that's making and keeping you stable to one that SAYS he can cure you faster and won't tell you what he will charge for his services?
NOT TOO SMART!!
I wouldn't blame either as after getting hooked on the pain mads I don't care anymore. :)Quote:
Originally Posted by excon
Just keep the scripts coming ;)
Dude, the only reason the patient is up to anemic is because 4 million people gave up trying to find a job, some guy in California cooked the books and other creative number crunching.Quote:
Originally Posted by talaniman
We don't need a witch doctor for four more years.
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