I think they might be very interested to get a hold on that information.
Mitt Romney earned more than $42 million over the past two years, and paid $6.2 million in taxes at an effective rate averaging 14 percent, according to documents provided by the Romney campaign today.
The tax rate that Romney paid both in 2010 and 2011 is less than what most middle-income Americans were required to pay, mainly because a majority of Romney's earnings were derived from investments rather than wages.
The former Massachusetts governor released his tax returns amid intense scrutiny into his financial records and repeated calls by his rivals, and even some supporters, to release his tax information.
In 2010, Romney made $21.7 million, on which he gave nearly $3 million in taxes at an effective tax rate of 13.9 percent. In 2011, the former governor earned a similar amount, and will pay more than $3.2 million in taxes at a rate of 15.3 percent.
It's "an extensive disclosure and we feel that it satisfies the public's, if not the Obama opposition research guide desire to look at the Romneys," the former governor's campaign counsel, Ben Ginsberg, said in a conference call this morning.
Romney's tax rate appears to be considerably low for someone with his amount of wealth, but Ginsberg pointed...
Mitt Romney earned more than $42 million over the past two years, and paid $6.2 million in taxes at an effective rate averaging 14 percent, according to documents provided by the Romney campaign today.
The tax rate that Romney paid both in 2010 and 2011 is less than what most middle-income Americans were required to pay, mainly because a majority of Romney's earnings were derived from investments rather than wages.
The former Massachusetts governor released his tax returns amid intense scrutiny into his financial records and repeated calls by his rivals, and even some supporters, to release his tax information.
In 2010, Romney made $21.7 million, on which he gave nearly $3 million in taxes at an effective tax rate of 13.9 percent. In 2011, the former governor earned a similar amount, and will pay more than $3.2 million in taxes at a rate of 15.3 percent.
It's "an extensive disclosure and we feel that it satisfies the public's, if not the Obama opposition research guide desire to look at the Romneys," the former governor's campaign counsel, Ben Ginsberg, said in a conference call this morning.
Romney's tax rate appears to be considerably low for someone with his amount of wealth, but Ginsberg pointed...
I think they might be very interested to get a hold on that information.
Mitt Romney earned more than $42 million over the past two years, and paid $6.2 million in taxes at an effective rate averaging 14 percent, according to documents provided by the Romney campaign today.
The tax rate that Romney paid both in 2010 and 2011 is less than what most middle-income Americans were required to pay, mainly because a majority of Romney's earnings were derived from investments rather than wages.
The former Massachusetts governor released his tax returns amid intense scrutiny into his financial records and repeated calls by his rivals, and even some supporters, to release his tax information.
In 2010, Romney made $21.7 million, on which he gave nearly $3 million in taxes at an effective tax rate of 13.9 percent. In 2011, the former governor earned a similar amount, and will pay more than $3.2 million in taxes at a rate of 15.3 percent.
It's "an extensive disclosure and we feel that it satisfies the public's, if not the Obama opposition research guide desire to look at the Romneys," the former governor's campaign counsel, Ben Ginsberg, said in a conference call this morning.
Romney's tax rate appears to be considerably low for someone with his amount of wealth, but Ginsberg pointed out that capital investments are taxed at the corporate level, at a rate of about 35 percent.
The returns also showed that Romney and his wife, Ann, gave away $3 million in charitable donations in 2010, including $1.5 million to the Mormon church. In the past two years, Romney and his wife, Ann, gave just a little bit less, about 10 percent, to the Church of Latter Day Saints.
The two put their assets in a blind trust when he became governor of Massachusetts in 2003.
One aspect of Romney's wealth that has come under some scrutiny are his investments in Cayman Island. Brad Matt of Ropes and Gray, Romney's trustee who handles his family's funds, clarified today that those investments are in "third party entities," not funds, and that it does not constitute a foreign account but rather a foreign investment. Matt said the decision to invest there was made by him, not Romney and that the two are not allowed to confer with each other on these investments.
(more)Mitt Romney earned more than $42 million over the past two years, and paid $6.2 million in taxes at an effective rate averaging 14 percent, according to documents provided by the Romney campaign today.
The tax rate that Romney paid both in 2010 and 2011 is less than what most middle-income Americans were required to pay, mainly because a majority of Romney's earnings were derived from investments rather than wages.
The former Massachusetts governor released his tax returns amid intense scrutiny into his financial records and repeated calls by his rivals, and even some supporters, to release his tax information.
In 2010, Romney made $21.7 million, on which he gave nearly $3 million in taxes at an effective tax rate of 13.9 percent. In 2011, the former governor earned a similar amount, and will pay more than $3.2 million in taxes at a rate of 15.3 percent.
It's "an extensive disclosure and we feel that it satisfies the public's, if not the Obama opposition research guide desire to look at the Romneys," the former governor's campaign counsel, Ben Ginsberg, said in a conference call this morning.
Romney's tax rate appears to be considerably low for someone with his amount of wealth, but Ginsberg pointed out that capital investments are taxed at the corporate level, at a rate of about 35 percent.
The returns also showed that Romney and his wife, Ann, gave away $3 million in charitable donations in 2010, including $1.5 million to the Mormon church. In the past two years, Romney and his wife, Ann, gave just a little bit less, about 10 percent, to the Church of Latter Day Saints.
The two put their assets in a blind trust when he became governor of Massachusetts in 2003.
One aspect of Romney's wealth that has come under some scrutiny are his investments in Cayman Island. Brad Matt of Ropes and Gray, Romney's trustee who handles his family's funds, clarified today that those investments are in "third party entities," not funds, and that it does not constitute a foreign account but rather a foreign investment. Matt said the decision to invest there was made by him, not Romney and that the two are not allowed to confer with each other on these investments.






















deny he was a foreigner.
First President to have a social security number from a state he
has never lived in.
First President to preside over a cut to the credit-rating of the
United States.
First President to violate the War Powers Act.
First President to be held in contempt of court for illegally
obstructing oil drilling in the Gulf of Mexico .
First President to defy a Federal Judge's court order to cease
implementing the Health Care Reform Law.
First President to require all Americans to purchase a product
from a third party.
First President to spend a trillion dollars on shovel-ready jobs
when there was no such thing as shovel-ready jobs.
First President to abrogate bankruptcy law and turn over control
of major companies to his union supporters.
First President to by-pass Congress and implement the Dream Act
through executive fiat.
First President to order a secret amnesty program that stopped
the deportation of illegal immigrants across the U.S. including
those with criminal convictions.
First President to demand a company hand over $20 billion to one
of his political appointees.
First President to terminate America's ability to put a man in space.
First President to ...
deny he was a foreigner.
First President to have a social security number from a state he
has never lived in.
First President to preside over a cut to the credit-rating of the
United States.
First President to violate the War Powers Act.
First President to be held in contempt of court for illegally
obstructing oil drilling in the Gulf of Mexico .
First President to defy a Federal Judge's court order to cease
implementing the Health Care Reform Law.
First President to require all Americans to purchase a product
from a third party.
First President to spend a trillion dollars on shovel-ready jobs
when there was no such thing as shovel-ready jobs.
First President to abrogate bankruptcy law and turn over control
of major companies to his union supporters.
First President to by-pass Congress and implement the Dream Act
through executive fiat.
First President to order a secret amnesty program that stopped
the deportation of illegal immigrants across the U.S. including
those with criminal convictions.
First President to demand a company hand over $20 billion to one
of his political appointees.
First President to terminate America's ability to put a man in space.
First President to have a law signed by an auto-pen without being
present.
First President to arbitrarily usurp congress, declare an existing
law unconstitutional and refuse to enforce it.
First President to threaten insurance companies if they publicly
spoke out on the reasons for their rate increases.
First President to tell a major manufacturing company in which
State they are allowed to locate a factory.
First President to join with a foreign country and file lawsuits against
the states he swore an oath to protect (AZ, WI, OH, IN).
First President to fire an inspector general of Americorps for catching
one of his friends in a corruption case.
First President to appoint 45 czars to replace elected officials in his
office.
First President to golf 73 separate times in his first two and a half
years in office.
First President to hide his medical, educational and travel records.
First President to win a Nobel Peace Prize for doing NOTHING to
earn it.
First President to go on multiple global apology tours.
First President to go on 17 lavish vacations, including date nights and
Wednesday evening White House parties for his friends; paid for by the
taxpayer.
First President to have 22 personal servants (taxpayer funded) for
his wife.
First President to keep a dog trainer on retainer for $102,000 a year
at taxpayer expense.
First President to repeat the Holy Quran, and tell us the Islamic call
to worship is the most beautiful sound on earth.
He has been very busy, Ya Think???
If you are so concerned about his taxes, what tax rate SHOULD he be paying? What tax rate are YOU paying... And what business is it to know what ANYONE's tax rate is? If you think like your Undocumented Hero thinks... that the rich don't pay enough, How much is "Enough"?
How do you define "FAIR"? The gov't spent $3.8 Trillion last year and there are 310 Million people in the U.S. So $3.8 Trillion in spending, and 310 million people, that's $12,258 owed by every man, woman and child in the U.S., or almost $50,000 for a typical family of four.
After donating over $7 Million to charity, Romney estimates that he will pay around $3.2 million in federal taxes for 2011.
Did you pay YOUR FAIR SHARE of taxes for last year, Booby?
2. Nothing in my comment has anything to do with the pejoratively labeled "birther" concerns. What, exactly, about my comment has anything to do with The Zero's place of birth? Hmmm? You're not very good at understanding plain English, either, are you, "bob"?
Go ahead: add yet another data point to reaffirm an assessment that you are an illiterate dummy, "bob", by making another stupid comment in response.
What does he mean by saying non-elected or does he mean to say not electable.
I think he must have ate too much paste when he was going to school(if he did) because he is still copy and pasting.
BTW.....Obama's secretary paid a higher effective rate than Obama did and she only makes $95,000.00 per year. Obama reduced his tax rate (as Romney does) through charitable contributions and perhaps "tax deferred" investments into retirement account
Mitt Romney earned more than $42 million over the past two years, and paid $6.2 million in taxes at an effective rate averaging 14 percent, according to documents provided by the Romney campaign today.
The tax rate that Romney paid both in 2010 and 2011 is less than what most middle-income Americans were required to pay, mainly because a majority of Romney's earnings were derived from investments rather than wages.
The former Massachusetts governor released his tax returns amid intense scrutiny into his financial records and repeated calls by his rivals, and even some supporters, to release his tax information.
In 2010, Romney made $21.7 million, on which he gave nearly $3 million in taxes at an effective tax rate of 13.9 percent. In 2011, the former governor earned a similar amount, and will pay more than $3.2 million in taxes at a rate of 15.3 percent.
It's "an extensive disclosure and we feel that it satisfies the public's, if not the Obama opposition research guide desire to look at the Romneys," the former governor's campaign counsel, Ben Ginsberg, said in a conference call this morning.
Romney's tax rate appears to be considerably low for someone with his amount of wealth, but Ginsberg pointed...
Mitt Romney earned more than $42 million over the past two years, and paid $6.2 million in taxes at an effective rate averaging 14 percent, according to documents provided by the Romney campaign today.
The tax rate that Romney paid both in 2010 and 2011 is less than what most middle-income Americans were required to pay, mainly because a majority of Romney's earnings were derived from investments rather than wages.
The former Massachusetts governor released his tax returns amid intense scrutiny into his financial records and repeated calls by his rivals, and even some supporters, to release his tax information.
In 2010, Romney made $21.7 million, on which he gave nearly $3 million in taxes at an effective tax rate of 13.9 percent. In 2011, the former governor earned a similar amount, and will pay more than $3.2 million in taxes at a rate of 15.3 percent.
It's "an extensive disclosure and we feel that it satisfies the public's, if not the Obama opposition research guide desire to look at the Romneys," the former governor's campaign counsel, Ben Ginsberg, said in a conference call this morning.
Romney's tax rate appears to be considerably low for someone with his amount of wealth, but Ginsberg pointed out that capital investments are taxed at the corporate level, at a rate of about 35 percent.
The returns also showed that Romney and his wife, Ann, gave away $3 million in charitable donations in 2010, including $1.5 million to the Mormon church. In the past two years, Romney and his wife, Ann, gave just a little bit less, about 10 percent, to the Church of Latter Day Saints.
The two put their assets in a blind trust when he became governor of Massachusetts in 2003.
One aspect of Romney's wealth that has come under some scrutiny are his investments in Cayman Island. Brad Matt of Ropes and Gray, Romney's trustee who handles his family's funds, clarified today that those investments are in "third party entities," not funds, and that it does not constitute a foreign account but rather a foreign investment. Matt said the decision to invest there was made by him, not Romney and that the two are not allowed to confer with each other on these investments.
Romney's Defense Plan Means Bad Business for America
By Anya Barry, March 31, 2012
Recently, President Obama unveiled a plan he claimed would cut U.S. military spending. However, several independent experts have come forward stating that the “cuts” are simply slowing future growth in military spending from previously projected figures, rather than actually cuts to the Defense budget.
In fact, Obama’s “cuts” are distributed over a period of ten years, over which time the next administration, whether under Obama or a Republican president, could make drastic changes to Obama’s non-binding plan. As the likelihood of his candidacy continues to near inevitability, Mitt Romney’s defense plan sheds light on the GOP’s likely strategy over the next several years.
Romney has been an outspoken critic of Obama’s plan to slow the growth in military spending, arguing instead that spending should be increased at an even greater pace than previously scheduled. According to a recent article in the Dayton Daily News Romney spokesperson Ryan ...
Romney's Defense Plan Means Bad Business for America
By Anya Barry, March 31, 2012
Recently, President Obama unveiled a plan he claimed would cut U.S. military spending. However, several independent experts have come forward stating that the “cuts” are simply slowing future growth in military spending from previously projected figures, rather than actually cuts to the Defense budget.
In fact, Obama’s “cuts” are distributed over a period of ten years, over which time the next administration, whether under Obama or a Republican president, could make drastic changes to Obama’s non-binding plan. As the likelihood of his candidacy continues to near inevitability, Mitt Romney’s defense plan sheds light on the GOP’s likely strategy over the next several years.
Romney has been an outspoken critic of Obama’s plan to slow the growth in military spending, arguing instead that spending should be increased at an even greater pace than previously scheduled. According to a recent article in the Dayton Daily News Romney spokesperson Ryan Williams told the paper, “…[he] has set a baseline defense spending target equal to 4 percent of the nation's Gross Domestic Product," Williams stated. The Dayton Daily News went on to note, “The nation recorded a $15.2 trillion Gross Domestic Product, the output of goods and services, in 2011.” That would put baseline spending alone, which excludes the war budget, the military programs of the CIA and State Department, and other military contingencies, at $608 billion. Obama has proposed a defense budget of $525 billion for FY 2011. Over the next ten years, Romney’s military spending plan—in comparison to Obama’s—would total at least 61% higher, according to research conducted by the Cato Institute.
And while Romney has advocated for decreasing the size of the Federal Budget, it he has not specified what sectors would be cut under his Administration, citing only that he would cut 20% of overall government spending. A 20% overall reduction amidst a substantial increase in military spending would certainly translate into massive cuts to social programs that Republicans in Congress have already targeted.
Stating an interest in increasing defense spending when America is winding down its involvement in two wars is irresponsible and unnecessary. Ultimately, Romney’s plan would increase defense spending 42% beyond Cold War levels, as Christopher Preble highlighted in his article “Recalculating Romney’s Four Percent Gimmick.” Coupled with the fact that this presidential hopeful has no specific plan where he will decrease spending to offset his plan to build up America’s military in peace-time makes Mr. Romney’s claims to decrease federal spending nothing but words. For Americans concerned with government spending, Mr. Romney’s plan to funnel additional billions of American tax-dollars into military spending increases debt and makes very little business sense.
In fact, one recently published research study by the Political Economy Research Institute (PERI) found that, contrary to the popularly held belief of many right-wing politicians such as Mr. Romney, an increase in military spending would not produce nearly as many jobs nationwide as would the same amount of money invested in areas such as infrastructure, education, clean energy, or healthcare. In an interview with The Real News, Robert Pollin the Co-Director of PERI stated, “You will get more high-quality jobs spending on the green economy, infrastructure, or healthcare than you will spending on the military.” In one especially hard-hitting example, Pollin sited figures found by PERI, showing that if the government was to spend $1 billion towards job growth, 16,800 jobs would be created by investment in clean energy, compared to just 11,800 jobs through the military. These numbers underscore the particularly faulty logic in Mr. Romney’s belief that increasing the military’s budget at the expense of other sectors is a sound source of governmental funding. The reality is that Mr. Romney’s plan would simply prolong the military industrial complex, consequently continuing to cripple the country in a deeper mire of debt, unemployment, and unwise allocation of funds.
In response to the astronomical rate of American military spending, the Institute for Policy Studies and the International Peace Bureau launched a day for citizens around the world to speak out against their governments’ use