 |
|
|
 |
Ultra Member
|
|
Aug 28, 2012, 08:49 AM
|
|
And thank you both very much for validating my point and the writer's analysis.
|
|
 |
Expert
|
|
Aug 28, 2012, 09:00 AM
|
|
 Originally Posted by speechlesstx
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.
|
|
 |
Ultra Member
|
|
Aug 28, 2012, 09:06 AM
|
|
You didn't even read the article.
|
|
 |
Expert
|
|
Aug 28, 2012, 09:51 AM
|
|
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.
|
|
 |
Ultra Member
|
|
Sep 20, 2012, 08:27 AM
|
|
|
|
 |
Expert
|
|
Sep 20, 2012, 05:51 PM
|
|
|
|
 |
Ultra Member
|
|
Sep 20, 2012, 06:50 PM
|
|
 Originally Posted by speechlesstx
Because we are not a red nation ,we are not a blue nation... we are an Obama~nation.
|
|
 |
Ultra Member
|
|
Sep 20, 2012, 07:54 PM
|
|
 Originally Posted by tomder55
because we are not a red nation ,we are not a blue nation... we are an Obama~nation.
Tom you have seen the light
|
|
 |
Ultra Member
|
|
Sep 21, 2012, 01:28 PM
|
|
Mitt released his 2011 tax numbers, so after all of Harry Reid's huffing and puffing here's what you have:
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.
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.
|
|
 |
Uber Member
|
|
Sep 21, 2012, 02:33 PM
|
|
Second, the Romneys take to heart "to whom much is given, of him shall much be required."
Sounds like a marxist/socialist to me. Anti-american.
|
|
 |
Ultra Member
|
|
Sep 21, 2012, 02:52 PM
|
|
 Originally Posted by NeedKarma
Sounds like a marxist/socialist to me. Anti-american.
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.
"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
Translation, "from whom much has earned, much shall be taken and redistributed."
|
|
 |
Ultra Member
|
|
Sep 21, 2012, 02:57 PM
|
|
Reid is predictably in denial...
Reid on Romney deciding to release 2011 returns: "He's hiding something. He's hiding something! It is so evident he's hiding something!"
|
|
 |
Ultra Member
|
|
Sep 21, 2012, 04:03 PM
|
|
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?
|
|
 |
Uber Member
|
|
Sep 21, 2012, 04:12 PM
|
|
Only one year. He's got something to hide.
|
|
 |
Ultra Member
|
|
Sep 21, 2012, 04:51 PM
|
|
 Originally Posted by NeedKarma
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 accountants
|
|
 |
Ultra Member
|
|
Sep 21, 2012, 05:15 PM
|
|
 Originally Posted by NeedKarma
Only one year. He's got something to hide.
A 20 year average is only one year? Math is hard isn't it?
|
|
 |
Ultra Member
|
|
Sep 21, 2012, 05:23 PM
|
|
 Originally Posted by paraclete
arn'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?
A flat tax would take care of that .
|
|
 |
Ultra Member
|
|
Sep 21, 2012, 06:21 PM
|
|
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
|
|
 |
Ultra Member
|
|
Sep 21, 2012, 08:26 PM
|
|
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.
|
|
 |
Expert
|
|
Sep 21, 2012, 08:39 PM
|
|
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?
|
|
Question Tools |
Search this Question |
|
|
Add your answer here.
Check out some similar questions!
The Republican campaign
[ 55 Answers ]
Conservatives and Republicans
Does the endorsement of Mitt Romney by National Review (long time publication founded by William Buckley ) mean anything to you ? Will it have any influence on who you support ?
Campaign money
[ 1 Answers ]
When an candidate decides to no longer run for office either drops out or isn't running for the next term, does he/she get to keep the money raised on their behalf? If not, what happens to it? Thank you.
View more questions
Search
|