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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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Who cares about this year. Release the 2009 I think it was returns when people were claiming amnesty for their swiss accounts.
This cunt didn't EARN any income last year. It can be argued that this silver spoon douche has never EARNED a dollar, yen or euro in his life.
Keep in mind that a lot of people here like him simply because he is rich and white.
(Now junk away kiddies.)
So is cheesecake but I ain't voting for that neither!
pods
Charity is a fucking waste of money, but at least they are wasting their own money. Now, if we could just get them to stop wasting our money we might get somewhere.
Any time I have the irrational idea to donate money to a charity I take that money and I buy PMs to rid me of the stupid idea.
The greatest act of charity a man can give is to never ever ever need charity. -- Zap Powerz.
Thats a bit strong idin it? Some of us are trying to buy our way into heaven. Thankfully we can deduct it!!
Charitable donations are tax deductable advertising expenses.
Funny. They give the prols their audited tax returns which are just reflecting the income from investments that are tounching US jurisdiction in one way or another. Nobody is releasing anything from the Caymans, Belize or Panama which is where the loot is and the money that comes back into the US via shell corporations controlled by another shell corporation of the Romney "Trust".
The guy thinks 47% of Americans consider themselves "victims" and are therefore "moochers" or "parasites". A guy like that will justify NOT declaring his LOOT to his God or the country he should serve come hell or high water.
Whatever. He's rich and so are many others. He looted good US businesses via Bain Capital and made himself a fortune. If elected President he will continue the path and loot the treasury of the good ole' US.
On one hand I don't have a problem with him or anyone else dodging taxes. On the other hand I do have a problem of them then pretending to uphold the system...
For the fascists out there, I'm with you that Obama is a socialist! (yeah, fucking watching your heads spin, because, well, ideologues are so fun to fuck with)
I wouldn't call O a socialist. All politicians today are quite fond of "public private partnerships."
And you already said what that is.
pods
They're all just pirates if you want to label them. Trouble is the playing field is not level as they have legalized their looting long ago. But a pirate fears nothing more than another pirate because he knows the Crown still takes prisoners.
Now you're giving pirates a bad name!
I call bullshit. Prove any of this, in any way. Fucking Obot....
So, anyone who challenges the fucker is automatically an Obama supporter? Is that right you little party-pussy?
Prove what exactly? How Bain Capital operated? Google LBOs and the effect on American business for starters.
Did you notice how Romney earned 13 mil in 2011 on investments? Not a salary or bonus. From investment. In order to generate 13 mil in 2011 he has to have a decent amount of principal. He did well. Where is the principal amount coming from? Hardly from his salary mopping the floors at Bain Capital.
Think it through ... all the way.
Anyway I don't know what is going to hurt his campaign more. The 47% remark, the fact he paid 14% taxes on "investment" income or the fact that he's a mormon.
This is '04 and John Kerry deja vu. The GOP doesn't want to win this.
You do realize that he and his wife paid more income tax this year than almost half of the country COMBINED, right? That he donated to charity double THAT?
That he, personally, contributed more to the federal government than the "so called 47%"?
you really should look into your notions of who the IRS is, and where the monies they "collect" actually end up. . .
Apparently in Bernanke's underwear where he squishes around like an obliviously happy infoant.
You make a good point here, as if any of Romney's (or anyone's) money is the government's.
Don't even get me started on the "charitable" contributions. Take it at face value and vote Romney. Be happy.
You really don't know much about the US Tax Code. Perhaps you should take the time to read the entire thing before posting such drivel.
How's that kool-aid?
Maybe this will do all Americans a favor and shut up alledged pederast Harry Reid's piehole.
For all those locked into their party-pussy roles, these folks (Reid et al) are fucking PUPPETS! Shut them up and TPTB just waltz out another fucking puppet! But, I do have to admit that it's fun watching all the party-pussy folks getting their panties twisted up in all this shit...
It's good to be da king!
Good Lord, the economy is in shambles, the Middle East is on fire, our embassies are being over run, China and Japan are rattling sabres, Iran and Israel are rattling sabres, rumors of a coming coup in Portugal, the US credit got downgraded again, the Fed is printing like mad, unemployment is out of control, our citizens are hauled out of their homes in the middle of the night by brownshirted security forces for the crime of making a move that makes the President uncomfortable, and we're talking about Romney's tax returns.
Doesnt make much sense does it? I mean considering only 47% pay taxes, what deographic is he pandering too? He already has the tax payers.....
True and most middle class families actually pay around 35% of their earned income. bloody sheep.
And the rest goes to the Puppets' corporate masters... iSlaves...
Charity = Church of Mormon, the second largest grouping within Bain itself.
And what does that have to do with the price of opium, FOB Afghanistan?
are the 1990-2009 numbers before or after he had to ammend his returns and pay all back taxes because of his participation in the irs 2009 amnesty program?
Wonder what his ROI is? What is the principal amount and how did THAT money come his way?
Must be growing on trees in UT..
No shit, these fuckers really think of that as "earned" income. Totally fucking stupid. I have said it before and I will say it again, there are many families that have come before yours and they want their rent, now pay up. money for doing nothing.
Amount of Jobs offshored....Obama and Romney about equal ;)
Can we try to educate people about all this "off-shoring?"
MANY "jobs" disappeared as the factory processes that now occur somewhere else now utilize more automation/robots. EVEN IF YOU WERE TO HAUL EVERYTHING BACK TO THE "US" YOU'D STILL HAVE "MISSING" JOBS. This is the big set-up for those who cannot see the big picture:
The Corporate Party is working feverishly to program us all to accept bigger tax breaks for corporations for "bringing jobs back." Of course there will be other concessions, such as lower wages and more pollution, but hey! I'm sure that they'll tell you that it beats standing in "lines" for govt handouts (better to have corporate "handouts!"). NOTE: ALL SIDES, which are really the same coin, Corporate and Govt are working together to maintain the oligarchy- picking as side in hopes of escaping ain't going to work!
Romney wants to keep his 14% tax rate and you to keep you 35-45% tax rate. Now be a good sheep and quit bitching.
YouTube - MIDGET v. GIANT: You Didn't Build That, James Dean! says President Obama
Almost the entire "not-for-profit" sector in this country is a sham, and this proves what I have known for years. Twenty plus years ago I volunteered for the American Red Cross. The chapter President lived on a lake in the best part of town, drove a red Cross car {without any markings} and even bought a boat and had it and the trailer hitch to haul it billed to the Red Cross, saw it with my own eyes, as I was the one making all of the arrangements, and drove the car to have the hitch installed. FRAUD ALERT, FRAUD ALERT!!
Yeah, it really hurts those entities that aren't shams. I volunteered for one such entity, a bicycle shop whose mission was to get bicycles back into the community (and help kids from lower income families get a bike). The reason why it wasn't/isn't a sham is because it is SMALL (remember the lesson: BIG = FAIL!)
As long as the org stays small, it is less prone to corruption. But the nature of things is to grow, and once those six figure checks start rolling in, the officers of the org begin to have lifestyles well beyond their supposed means.
I guess I'm stupid for not playing the "game" correctly, as I received nothing for my Volunteer work (and neither did anyone else- yeah, no paid positions at all) </sarc>
But, actually, small is still prone to corruption, and perhaps can least afford it (had experienced a case where someone was yanking some money from the till; adjusted our processes and fixed it, but it was a real gut-wrenching feeling).
Failures in SMALL, however, don't tend to compromise the entire human population (as do failures in BIG)...
Wow, 14.1%. Must be nice.
-A loser that paid double that last year due to making too much to get much in the way of credits, and not rich enough to have tax havens.
At least Romney paid taxes on money he earned through investment; thus, helping the economy. While Obama paid taxes on taxes collected from the likes of Romney and hard working people producing something to help the economy. I surely would like to be in Obama's shoes. He doesn't have to risk anything he just takes it from others.
Oh yeah? Well! MY party-pussy is better than yours!
Stupid fucks...
The truth hurts doesn't it? You call me name because you can't argue the truth and all you have is emotion to justify your theft of other's property.
Dick O'Bama reminds me of something stuck to my shoe.
Why are people so obsessed on percdentages? To me I look at the staggering amount he paid, $1.93 million, it will take me almost 20 years to make that amount. Heck, he paid too much in comparison to most of us put together but he doesn't get extra privileges from government services.
Mitt gets plenty of extra privileges from the government.........count on it.
47% of folks in the US pay zero federal income tax. Romney paid almost $2 million in income tax and gave another $4 million to charity in 2011 - its hard for me to believe but I'm sure the chorus is about to begin which will claim that he's not doing enough. Someone remind me how many zero dollar contributions it takes to add up to $2 million?
Mitt..say "ammended return." Like one day after the election, and get that 14% down to 9%!
Very generous to charity in 2011, particularly the Mormon Church.
I'd imagine just enough to cover the cost of the nationwide "I'm a Mormon" ad campaign.
Why don't you become a Mormon if you are jealous of how much a rich Mormon gives to their church? You might get to share some of it. What I'm saying is, what does matter where he gives his money to, is the united way much better to give his money than the Mormon church?
Enron accounting.
would he introduce a flat tax that balences the budget bitchez
What Obama gives to charity is OUR MONEY.
He doesn't give anything, he gives BACK.
Just like many government statistics, this return will be 'updated' after the election.....................
BFD! Run your own business, and find a crapton of additional ways to minimize your taxes.
Romney reminds me of the good guy in the old movie that loses the fight or has his ranch taken away by the bad guys and needs John Wayne to come save him.... He doesn't speak with conviction..... And should he fall ill the thought of Paul Ryan as president is only one notch down from Sarah Palin as president on the scary scale.
You have a idiotic anology. Go to school and learn and get some education you could learn to come up with something better.