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Mitt Romney Releases 2011 Tax Filing
Everyone has been desperately waiting for this. At 3:00 pm it will be publicly released. Hopefully, shortly thereafter we can proceed with the discussion of important things such as the complete economic collapse of not only America, but the entire world (which is apparently now hooked into voting for Obama as disclosed earlier). For those strapped for time here is the summary: Romneys 2011 tax rate 14.1%, Charity donations: 30%; Obamas tax rate: 20.5%, Charity donations: 22%. And going back, "Over the entire 20-year period, the average annual effective federal tax rate was 20.20%."
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 www.mittromney.com/disclosure.
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.
Mitt Romney 2011 release:
Paul Ryan 2011 release:
»
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Well a Bishop's gotta support his Church, Bitchez!
You didn't Geithner those taxes.
Nah, they were Lewinski'd.
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/9558942/Monica-Lewinsky-in-rumoured-12m-book-deal.html
Monica book deal. $12m
Harry Reid...the smallest man in the universe right about now.
why didnt he amend his return for several years and pay 50% (using campaign contributions) and use against obama (to whom the betting odds say is a shoe in for reelection).
romney better get desperate or he will lose.
Obama's poll #'s are skewed to hell.
He is going to lose.
The stats they are using are only taking into account the pattern for '08.
There is / was a study done by a well known College group, using all the variables, and (they have predicted the winner EVERYTIME,they have done it), and they concluded Romney-ulus will win,walking away.
Undecideds ALWAYS go with the challenger,and this time the out of work,no chance in hell of getting a decent one, the youth vote damn sure won't be with O.
The historical election of a semi Black, is now History.
Based on job perfomance and the economy, his grade is an "F".
Either way, Romney is inheriting Barry's tenure this time, and HIS results.A deathbed hospice watch.
The time for blaming Bush for aids/HimRoids/Swine Flu/Ebola,etc is over.
dude
go to odds checker and see the actual real money betting lines from larger bookmakers
obama is prohibitive favorite
Intrade.com has Obama at 70.9% chance.
Fair Enough. So where is the Jew York Media interest in our Undocumented POTUS??????
How about a fraudulent social security number, from Connecticut of all places, for openers?
Hey. Americans simply wanted to elect the first Kenyan president. Why not.
The Gods Must Be Crazy!
well i have said this many times...twiddle dee and twiddle dumb will say and do more idiotic things. these two turds have no clue about anything more than 2 feet from their faces. the only thing going for the baininite twins is that romney's idiotic statements has taken the spot light of paul ryan and his idiotic thirty year budget.
The New York Nazi Times is now owned by a goy. yeah pinchie is one of you.
<----- Vaginal Douche
<----- Turd Sandwich
How do I select "All of the Above"?
Yeah, somehow Vaginal Sandwich takes us somewhere else and Turd Douche somewhere else entirely again.
+1.. I love ZH on Friday's
I thought the vaginal sandwich was akin to riding the tricycle?
pods
Robamney/Ryden 2012!!!
So, which SSN did Obama use on his returns?
hard to believe that we have a president that can pass a law that locks up all his 'history' and we have no real method of verifying whether elected officials are elligibile for office. we truely have screwed the pooch.
maybe you screwed a pooch. I didn't screw a pooch. weirdo.
No shit. Sicko.
Wait, pooch isn't a nickname for sheep is it?
pods
bkbroiler and pods....hate to point this out but............ you are the pooch.
So that is what is causing the distress?
Here I was thinking it was the Ether Bunny.
http://www.urbandictionary.com/define.php?term=ether%20bunny
pods
Usually the pooch screws the BKbroiler.
Hard to believe he couldn't get a security clearance to guard toilet paper on a military base, but he could start a nuclear war.
Even harder to believe the COMPLETE MAINSTREAM MEDIA BLACKOUT on all aspects of his, er, bio, such as it is.
Fear not. His puppet masters are still pulling his strings.....
Did we screw the pooch before or after Obama ate the pooch?
In 2007 obiden made over 300k and gave like 300 bucks to charity. He should be president then. At least he shows his true color.
In the 2008 campaign Mitt released all his returns, no problem. Then radio silence about 2009 and 2010; now he releases 2011.
My guess is he was caught in the 2009 IRS amnesty program for tax cheats in Switzerland and Caymans. Paid a big fine to avoid prosecution. The only criminals we like to elect are the unprosecuted ones so Mitt bit the bullet and paid up to avoid a perp walk.
It will come out in 2013 and be buried on page 27, you watch.
Exhibit A for one tax rate on all income, whether investment or earned. The distinction is bullshit. Lower the rate, expand the base.
Well a Bishop's gotta support his Church, Bitchez!
Just to be fair on this staement(which os tue), the numbers for his and her donations, did not ALL by any means go, or were limited to the LDC church.
Jus sayin'......................
( Not a Mormon here.
Doesn't look to me like he made enough mistakes on his taxes to qualify for government service.
Ha.........true dat
The left will want more.
Yaaaaaawwwwwwwnnnn
Certainly, Obama, the spread the wealth around choommander -in-chief, donated at least 30% of his income to charity, right?
He didn't. As a matter of fact Romney's charitable contributions last year probably exceed all the charity Obama has, or ever will, personally give away. This is not an endorsement of the POS romney but Obama (like most democrats) doesn't givce jack sh*t to charity.
When you are starting with income from investments of over $13MM before gifts it's not hard to give away a shitload of money (the bulk of which went to his church - it's not like he gave it away to a REAL charity, by the way) and still have two shitloads left.
Churches actually help a lot of hungry people, poor families / children etc. I say that as an atheist in case you wonder.
Agreed, I worship Bacchus, and the Salvation Army is a bunch of plump wierdos, but they do more with less than the gubbermint.
I Green arrow you alot... if for nothing else but liking to look at that ass
I wonder how many "BLACK" felt tip markers they went through?
That's ok...they were tax deductible.
This no longer matters. Anyone on the smart side of the bell curve has already moved on to pricing in policy outcomes in Obama's 2nd term, as the GOP comes to the negotiating table. Fuck Mitt Romney. What matters now are the directions of gold, forex, US exports (growth or decline), and oil prices. Compared to what's coming in China's economy and mid-East tensions, the failed career of Mitt Romney is like a tiny speck. By Christmas, you will no longer hear of Mitt Romney.
GG
Mr. Diebold probably agrees with you.
at least the unelectable puppet won't be on the ticket again. He was probably the only person that could have handed a second term to Obama.
At least I know I will never donate to the Republican party again.
at least the unelectable puppet won't be on the ticket again. He was probably the only person that could have handed a second term to Obama.
When the RNC calls and asks for money now, I instantly hang up.
You don't give a speech about Ron Paul until they hang up? That's what I do.
I play them "Call me Maybe" by Carly Rae Jepsen until they hand up.
Now if we only knew something about the current white house occupant.
Wut? Accept him on hope and then hope he will change.
I'd rather not... They permeate too much of our lives as it is. If we totally quit paying attention to them then they'll become totally moot (along with their handlers).
+2,012
All Hail Zed!
I'm no Romney fan, but I gotta say I didn't give 30% to charity last year, or the year before or probably ever.
Yeah, I know much of that goes to his church, but even that doesn't matter.
I don't like him, but this is pretty powerful generosity.
And another thing, that buys a lot of toys for orphanages. I haven't been to a KB Toys recently, but I'm sure you could fill a cart or two with $4 million!
And then on the hedge side, own KB Toys stock... the rich can cover all angles (and make the stink stick to everyone else).
Just another loophole. Many churches are used to launder tax money. Give 30% of your income for "charity" to a church, have the church turn around and "spend" most of it on you while keeping a small cut. Everyone wins except for the poor suckers too dumb or naive to realize how it works.
I must be shattering some fragile illusions of the world? LOL... Why don't you people go ask how the Apostolics do it in NE Indiana?
dwdollar...we dont want to know the TRUTH....!......./SARC
Hey, when do I get my free Saint Mitt commemorative plate from Franklin Mint? The one highlighted in 24k gold paint.
Jesus save us, no really. The country is lurching from one insanity to another.
Would you settle for some Magic Underwear? Of course, you'd have to accept a "mission" first...
I must be shattering some fragile illusions of the world? LOL... Why don't you people go ask how the Apostolics do it in NE Indiana?
OK… I’ll bite …… What in the “H” “E” double tooth picks are you talking about? Do you know how to post a link?
Sorry, I don't know what you're talking about and I don't know how to use Google - never mind ... off to Wal-Mart to buy some beef jerky.
Obviously you touched a nerve. This isn't accepted in this here "Christian Nation!"
Concentrated power ALWAYS abuses things. Those defenders of churches, like all folks painted with blinders, will NEVER own up to the FACT that it happens within THEIR club.
It's the oldest tax loophole since the beginning of the income tax. If anyone doesn't understand how it works, I have a game called Three-card Monte to play with you.
Some people become "preachers" to cut out the middle man! All you do is run it through your "church" account and back again. Obviously Romney can't do that since he's high profile.
You have got to have some faith …. In 4” bullet proof glass that is. And here is how Muammar Gaddafi rides around in his country – well that was before … well you know.
Yep... bout sums it up
reminds of the time my dad had a house built outside of phoenix az. the contractor was a mormon who tried to slip the tithe for LDS church into the final billing. some where on the invoice was a line for LDS services for $20,000.00 on a $200,000 house. well this guy must have thought my dad was from out of state. well he would be wrong, my dad grew up in a good little mormon town in arizona and knew right away what LDS stood for. needless to say dad paid only $180,000 for a $200,000 home. i must point out that the contractor did an excellant job on building the house. my dad chuckled for many years about that, he would say all the guy had to do was use some contractor mumbo jumbo and my dad would never have known.
Yep, I am sure that is what is going on. You are an idiot.
Are you serious, you think he gave that 30% to the homeless shelter and toys for tots???????
The mass majority went to the morman church, go do your history lesson on that group and actually try to call salt lake and get a detailed breakdown of who "owns" that organization and where it's money is going???? Then come back and tell us how "generous" Mitty is, and how his tax deductible gift is sooooooooo charitable!!!
you could start here,
http://mormonzeitgeist.com/node/158
it's juicy. but there are other places too, should you decide it's worth your time to learn. . .
as to the "wow, charitable contributions! how cool" - we all know that "charities and foundations" is how the uber-wealthy launder their monies into their pet projects, don't we?
don't we???
How is that any different than the Black Hole of thenCatholic Church's finances? Or whould we disqualify Catholics from holding elected office?
Can you spare 30% of your income?
No shit. Practically speaking, 30% of infinity still leaves one plenty of cushion to live on... Clearly, neither candidate is remotely in touch with J6P...
What about that 10% tithing to his church? I thought he was a good ole Mormon?
That's part of the 30%, which means he gave another 20% to other recipients.
Hard to spin this as anything but profoundly admirable and compassionate.
yeah, he's a compassionate guy, just ask all the people that got LBO'd out of their job by Bain
Yeah, "Saint Mitt" is appropriate and based on his 1-year tax record, must be true.
Just to be clear, I don't believe he is yet completely venerated like the Patron Saint of White Guilt, that would be Saint President Obama, but surely on the list of Papal / electoral college to-do's.
the 20 years of summary is coming at 3 PM.
There are plenty of reasons to criticize Mittens, but Bain is not one of them. That firm, and many like it, often save far more jobs than destroy because their goal is to put companies on a path of sustainable growth.
...their goal is to put companies on a path of sustainable growth.
Well, the goal is to make money, actually, but sometimes a "sustainable growth" strategy is the only effective way to do that.
Let's not forget the priorities, though. Bain doesn't exist to HELP the companies it buys. It's not a charity.
How often, Red Pill?
"sustainable growth."
LOL! That's an oxymoron! (we're on a fucking finite planet!)
What Mitt did at Bain is somehow the worst fucking thing in the world yet fucking Jon Corzine stole a couple of billion a year ago, straight up fucking stole it, and no one on the Dems has a problem with it.
Mitt and the rest of the rich bastards are paying exactly what the IRS forces them to do because if they didn't the IRS would kick down their doors. The Dems had complete control for 2 years and didn't pass one law that outlawed what Bain does or close any fucking loopholes.
BTW, I hate the repubs but the Dems busted this guy's ass for months about releasing the tax records and now that they are out, they are beside themselves. Be careful what you wish for.
Delusional Harry Reid was saying how Scott Brown was looking for an excuse to not debate Liz "high cheeks" Warren. We'll next time Harry might want to keep the Senate in session because Scott Brown crushed her last night. As it turns out she defended Travellers Insurance against some liitle people that were suffering from asbestos poisoning. Of course she did it for legal reasons that are too complicated for the little people to understand so she won't bother explaining it.
"and no one on the Dems has a problem with it."
More party-pussy insanity...
Like you've interrogated ALL Dems? I suspect that you lump in all sorts of people into your political bag o' shit just to make IT look bigger...
FUCK ALL OF THE POLITICAL BASTARDS! (and esp those pretenting to be "fair" and present "the other side" [and see them always being sure to do so, in "service" of course])
excuse me...but is jon the "corzine" running for president?
No, he was just the Democrat Govenor from New Jersey. And failed miserably... just like 0zer0.
you really must read the matt taibbi article on mitt and the bain method of operation. matt wrote an excellant piece at rolling stone. i love the part where these vultures turned ordinary income to investment income for half the tax liabilty. sorry but this ass is exactly what is wrong with the u.s. these past 3 decades. i mean are you asleep this week, even in the tape this week he has made talk of a chinese factory and companies. as a life long republican i have nothing in common with this vampire.
Mitts 'n' Bain have a long history of supporting that great amrkn corporation, Monsanto,
http://www.thenation.com/article/169885/mitt-romney-monsanto-man
embedded even.
With Bain he's had a salutory impact on the conservative media:
http://endoftheamericandream.com/archives/bain-capital-owns-clear-channel-rush-limbaugh-sean-hannity-glenn-beck-michael-savage-etc
And, in spite of his great labors, he found time (and somehow a way) to get nominated for POTUS! It's an American success story, tears in your eyes and everything.
It's not like he needs the job, I mean really...
heh, more fuel for the fire. . . the Mor-mans are gaining access & cred in amrka, wot with Glenn Beck being a convert. . . and a mouthpiece. . .
threads are filling up with voters, election years are such bores. . .
List of companies currently invested in by Bain. Do these companies not have employees?
Accellent Air Medical Group Holdings AMC Entertainment Applied Systems ASIMCO Bellsystem24 Bloomin' Brands Bombardier Recreational Products Brakes Group Brenntag Bright Horizons Broder Bros., Co. Burlington Coat Factory Cerved China Fire and Security Group, Inc. Clear Channel Communications Contec CRC Health Group Cumulus Media D&M Holdings Domino's Pizza Japan Dunkin' Brands Edcon EPOCH Holdings FCI FleetCor GA PACK GOME Guitar Center Gymboree Gymboree China HCA HD Supply Hero Investments Himadri Ideal Standard IMCD International Market Centers JinSheng International Lilliput Kidswear MEI Group Michaels MYOB NXP Physio Control Quintiles Securitas Direct Sensata Technologies Sinomedia Holding Limited SkillSoft Skylark SquareTrade Styron SUNAC SunGard Suntel TeamSystem The Weather Channel Toys "R" Us Unisource Uniview Warner Chilcott WorldPayPut that in you pipe and smoke it.
clear channel communications!!!! now we know how far up karl rove's ass romney has crawled. put that in your pipe and smoke it!
http://endoftheamericandream.com/archives/bain-capital-owns-clear-channel-rush-limbaugh-sean-hannity-glenn-beck-michael-savage-etc
kanye told me mitt romney dont pay no tax
Where's Harry Reid?
The article/SUBJECT is about Romney. If you're getting a hard-on about Harry then I suggest that you Google for relief.
Another fucking party pussy...
Oh, I see, we can only really beat on the Dems. Sorry, forgot what site I was on...
BTW - ALL YOU PARTY-PUSSIES, GO FUCK YOURSELVES.
Harry Reid you ask? He's busy putting a shine to obama's golf balls
Excellent example of a "smart" businessman, ensuring that everything is accounted fo... WAIT! WTF?! Why didn't they claim all $4,020,772? If it's not on the tax filing then how would we know what the real amount is/was? Perhaps a bit of liberty with the word "charity" here, as in maybe political contributions?
The way semantics are toyed with I supposed that someone hiring a "hit" on their spouse could say it was a charitable contribution to the hit-man... (but wouldn't file it on their tax return)
The article explained that he held his claim down to achieve a minimum tax rate. He was entitled to the claim, but paid more taxes than required.
Did Buffett?
I don't care about Buffett. (I don't care about ANY of these ass-wipes)
Did you RTFA? They only claimed that amount so that federal taxes paid would be at least 14%. If he claimed it all, he would have paid less than 13% tax, which would have made his earlier statement, that he paid at least 13% tax, a lie.
Did you NOT understand what I wrote?
UNLESS IT'S OFFICIALLY DOCUMENTED IT'S ONLY A "CLAIM!"
I could fucking state that I gave $5 trillion to charity to make myself look "good."
While others play party-pussy shit I'm only hammering on logic and facts.
Obviously you are in the 47% or you would know that you need receipts for your deductions. Little Timmy and the O are running the IRS. I don't think many of the other side are cheating at the moment. At least until they can get in.
Fuck yourself you pathetic little party pussy.
Logic is STILL beyond your comprehension.
WTF would someome CLAIM what they cannot CLAIM? Yeah, try the logic out. Write down all sorts of stuff that you cannot deduct and tell me how THAT goes. Why the fuck would you do that?
Clowns to the "Left" of me, Jokers to the "Right" only when all you party fucks die out will this human race face better days...
Because they are running for president and are trying to make their past statements true.
There ya go. Clearly that was what the author was saying, though it seemed strange to see him just spill it that way!
Partisanship is quite obviously stupid, and it's destroying this country.
But that's part of the plan, too, what I call the occultist dialectic.
30% to charity.
Leading from the front and not from the rear.
Obama likes it in the rear. Reggie Love told me
"Over the entire 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income."
Take out this year's contribution from the average, and the number is closer to 10%, which is the obligatory tithing to LDS.
Looks like they were much more generous in this, an election year. Hmm, I wonnder if Mitt has given any thought to his public image and whatnot.
I shouldn't have to say this, but I'm not an Obama supporter. At all. This article is on Mitt's tax return. I try to stay topical.
:vomits:
So please enlighten us with your charitable contribution %%
Money given to the Moron Church is not charity.
Ok, please provide detailed guidelines on what exactly you consider to be charity, that should qualify for tax deduction.
The definition of charity is: the voluntary giving of help, typically money, to those in need. Charity should help support those that are needy and cannot adequately help themselves, not enable the establishment and maintenance of a (very rich) cult.
You mean like Scientologists?
Yeah, them too.
As much as I dislike that church (and all others [and ALL BIG entities because, well, because that's what I stand against because BIG = FAIL]), I don't believe that stooping to name-calling* or stating non-facts is a good thing.
* Except when it encompasses multiple aspects of failure (like "party pussies" [and "Freddie"- where has he been? must be busy working for the GOP]).
If you were to preface it with "in my opinion" then fine, I guess...
In a sense they're advertising Dollars because every Mormon will vote the Mormon President.
You must not know too many Mormons then. I sure won't be voting for him. And I know many others that won't either.
And yes my donations are charity. You might not like or agree with the churches beliefs but you can't say that the church isn't charitable in many ways.
As a Mormon, I'd like to publicly apologize for Romney, Reid and Shawn Bradley.
But we are all going to Heaven, suck it BITCHEZ!!!
http://www.southparkstudios.com/clips/152270/abandon-all-hope
Everyone knows we can trust PWC to effectively audit and report the information. What charities did he donate to? The fund to build a new golf course at his country club?
+1
From the campaign website:
Mitt Romney's donations provided low-cost plaid knickers to disadvantaged country club members, like Herbert Walker Van Dunk IV:
Who are you voting for Tyler? Lemme guess
Releasing 'news' just before the weekend starts. Did he learn that from that guy that nailed the intern?
It's in The Puppet Manual!
Who cares?
Every POTUS has turned into one of the largest corporatists in the world. Obama will soon retire in Hawaii (if DIEBOLD chooses not to re-elect him) on donor dollars. The Clintons are comped every where they go. The whole Bush family has had the in since Prescott Bush won the Senate. This is how it works....
SPOT ON!
Can we just paste your response here as the ONLY one to be in the Comments section when it comes to all these POTUS articles?
It would go a long way to keep the sink down...
Waiting watching for the summary of the past 20 years.
I doubt we see any sign of marx in them.
Hah! That just proves he's a rich mofo! No Fair!!! He didn't make that shit - somebody else did that - he need to give it back!
it's not called the "lucky sperm club" for nothing.
What was the tax rate paid on his Cayman Island accounts and where can I sign up for a 14% tax rate? I pay more than double that and I'm nowhere in the galaxy of his income level.
But...despite my 30+% tax rate and his 14%...he pays more taxes...in his galaxy.
Fun with math.
If you donate 30% of your income to charity, then you too can pay 14% tax.
I don't have 30% of my income to spare. Unless of course I surrender certain frivolous expenses...like food and shelter.
Another reason why this country is going to shit- you're un-American! </sarc>
I'm not "un-American"...I'm actually NOT American.
That's why we need a new tax code. The current one does not take into consideration cost of living by region. A flat tax would be fine by me, 15% fed and 5% tax should be more than enough.
Since I'm an American living living in Zurich, does that mean I get the lowest rate, since Zurich(per WSJ) is about twice as expensive as NYC? Or does the US finally join the First World (civilized nations) and stop trying to impose economic slavery on people who don't even live or earn income from within its sovereign jurisdiction?
Oops, my bad, I missed the "alien" part :-)
A: you need a better accountant
B: He didn't write the tax law, your congressperson and senator did.
"In 2011, the Romneys paid $1,935,708 in taxes"
WTF Romney...time to step up and pay your fair share!!!
/sarc
I'd start paying my taxes again if they only amounted to 14% of my income.
he should have used Turbo Tax
Fuck Romney. Mormon weirdo peice of shit.
That must be a bitch of a late fee... unless those upper bracket guys are on a gentalmens agreement with the IRS.
No, you can defer filing, but you have to pay the money by April 15th if you owe, and .... Funny thing, if you have a refund coming, the IRS doesn't care if you file on time, or at all.
Pffff!
That loser Obama's only a 20 point fiv-er.
The lefties are going nuts..................