Mitt Romney showed a little leg on the question of his tax returns today, responding to reporters by saying that he has never paid less than 13% in taxes.
I just have to say, given the challenges that America faces – 23 million people out of work, Iran about to become nuclear, one out of six Americans in poverty – the fascination with taxes I’ve paid I find to be very small-minded compared to the broad issues that we face. But I did go back and look at my taxes and over the past 10 years I never paid less than 13 percent. I think the most recent year is 13.6 or something like that. So I paid taxes every single year. Harry Reid’s charge is totally false. I’m sure waiting for Harry to put up who it was that told him what he says they told him. I don’t believe it for a minute, by the way. But every year I’ve paid at least 13 percent and if you add in addition the amount that goes to charity, why the number gets well above 20 percent.
First of all, money to charity has nothing to do with paying taxes. I spent a lot of money on burritos in 2011. If someone asks me about my tax rate, and I say “I paid 30%, but with burritos that goes up to 35%,” that’s about as meaningful as what Romney said. His charitable deductions reduce his tax rate, in fact, so it’s worse, because he’s counting money on one hand that lowers his rate on the other.
In addition, as Michael O’Hare notes, Romney said he paid 13% “in taxes.” He did not specify. Is that on adjusted gross income? Total income? Total income including sheltered money in offshore accounts? Does that include sales taxes? Property taxes? Gas taxes? Excise taxes? State taxes? What? I don’t think this does anything but intensify the intrigue on this issue.
Also, there’s the matter that 13% is an obscene federal income tax rate for someone with the income of a Mitt Romney.
As for “the fascination with taxes I’ve paid I find to be very small-minded,” don’t worry, Romney has built his campaign on obfuscating on the big stuff too. His running mate plans to get specific on tax policy “in the light of day,” as long as that happens after the election. Romney gave an interview to Fortune where the specific budget cuts he enumerated added up to about 2% of what he’s promised. Romney has yet to give an answer on whether he would cancel the deferred action policy for DREAM-eligible immigrants that the Administration laid out three months ago. So vagueness and secrecy is really an overarching theme of the Romney candidacy, not just on this specific tax return issue.




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http://www.forbes.com/free_forbes/2006/1211/218.html
Given the inflated pre banking crisis value of things I wonder how many things Mitt has donated with an old appraisal?
I wonder how much underwear Mitt has donated before they closed the loophole.
I think its time to close the charity deduction
http://www.msnbc.msn.com/id/10507590/ns/politics/t/sen-frists-charity-records-raise-questions/
How much of Mitt’s Mormon church charity contributions go for political purposes like denying Gays the right to marry ?
http://www.huffingtonpost.com/2012/08/12/insight-mormon-church-mad_n_1769539.html?utm_hp_ref=religion
$7 billion a year estimated an an estimated $35 billion in world wide assets just how much do the Mormons give to actual charity as opposed to stopping Gays from marrying?
Another interesting fact from the data only about 40% of Mormons tithe I would put these as hard core Mormon supporters of Mitt the other 60% Mitt will have to work for there is no guarantee that Mitt can count on their votes.
However if it turns out Mitt is not tithing then that 40% hard core Mitt supports disappears.
Just how dumb do you have to be to think that saying I a millionaire never paid less than 13% in taxes would help you become President when many non millionaires pay more in taxes?
Geez, if MittBott is running away so hard from showing his tax returns, then it’s likely that there’s many years where he either paid nothing and/or at least less than 13%.
EVEN IF this craven parasite DID pay “at least” 13% – WTF??? That’s mega-way less than what I have paid nearly my whole working life (which, believe me, is longer than I like to count).
Go figure why the Ayn Rand panty-sniffers think what RMoney has paid out in taxes is so – waaaaaah – unfair.
I. Don’t. Get. That.
Shorter RMoney: These people need to STFU, eat shit and die. I’m not showing anyone anything. So there!
Willard thinks all are low info and will believe his “facts”re his taxes.
Let’s see the returns Willard to let the voter decide just how “transparent” you and Mrs Willard are.
Mitt needs these tax questions ended now today’s response just makes things worse. Who is handling Mitt’s PR Sarah Palin.
I don’t believe the fuck. Show me the tax returns, Mittens.
Mitt is projecting his level of intelligence level and what he would do onto us. When you lack empathy, imagination and intelligence you have to paint the world in the only colors you know and Mitt is colored blind
Real Good point Mitt has flip flopped on how many issues? Mitt will say anything to get elected we can not believe anything he says.
Mitt is Bush without the smirk.
If we had a GOP establishment any more in this country, they would sit Mitt down and tell him to release those ten years of tax returns and answer no more questions about them. Ever.
The guy is still talking about this!? He is as incompetent a candidate ever fielded for the presidency. I mean, that’s to be expected: look at the pool he crawled out of after that mess of a primary.
But he needs to say, firmly, NO. And stop sending his wife out to act entitled and privileged about their income! Jeebus, what a douche he is!
Au contraire. Smirking is what very rich white men do–they know they’ve stolen your world, mineral deposits and all, out from under you and are parading it past you every time they go outside. Think about it. Who among these scoundrels is not a smirker? He’s got R Money.
As minor league ruses go, I think this is a good one by Mittens. It DOES place the ball back in Harry Reid’s court. . . a little, hell–may even be true.
This way, as I’ve been saying, he can keep prying eyeballs off of his returns at least a little while longer–it’s all the details of his returns that we want, as Mrs. Money noted yesterday. Watch for the orchestrated braying of many Republican underlings now that there is nothing more to see and the media should move on.
Douche seems to be the epithet of the day. Tomorrow: wingnut.
I wonder if any of these “charities” offered HIM a paying gig and celebrity status. Charity in rich politician speak seems to be their way of saying I don’t want to pay taxes so I’ll launder my money to groups that will funnel it back to me.
According to Rachel Maddow while Mitt was running for Gov in MA, he swore he paid taxes in MA as a resident of MA while living in UT for the Olympics. He swore this right up until the day someone saw the actual forms proving he was lying. Then his accountants filed back tax forms for him and paid his taxes “retroactively”. the same way he resigned from Bain Capital, “retroactively”. So, he is not to be believed. He has already proved himself to be a liar about his taxes.
Tax expert Victor Fleischer literally calls bullshit on Romney’s tax claims: