Romney agrees: Tax code too easy on those in his bracket

If actions speak louder than words, then Mitt Romney agrees with Barack Obama that the federal tax code requires too little of rich people like himself.

I don’t know how else to interpret the fact that Romney artificially increased his own taxes in 2011 by taking fewer charitable deductions than he could have. By doing so, Romney’s effective tax rate in 2011 jumped to 14.1 percent, still lower than the rate paid by millions of his fellow Americans.

Absent that step, ABC News reports, “his effective tax rate could have been as low as 10.4 percent.”

And would Romney have taken that step if he wasn’t running for president? Highly unlikely. As the candidate himself told us back in July:

“I don’t pay more than are legally due and frankly if I had paid more than are legally due I don’t think I’d be qualified to become president. I’d think people would want me to follow the law and pay only what the tax code requires.”

So to review:

Romney paid 14.1 percent of his income in taxes, a figure that could have and would have been as low as 10.4 percent if he wasn’t running for office. In contrast, the average effective tax rate paid by his wealthy father back in the ’60s was 37 percent.

Yet Romney continues to insist that wealthier Americans today can’t be asked to shoulder more of the financial burden, even as changes in the global economy continue to concentrate more and more wealth in their hands.

– Jay Bookman

726 comments Add your comment

the cat

September 24th, 2012
8:42 am

I concur with what someone else posted. I tip wait staff a higher percentage than Mitt’s pays in taxes.

King Selassie

September 24th, 2012
8:43 am

And he wants to make it easier! Sheeesh!!

stands for decibels

September 24th, 2012
8:44 am

I don’t know how else to interpret the fact that Romney artificially increased his own taxes in 2011

me neither, and that too was my reaction upon learning of his decision to claim a smaller deduction on his charitable contributions.

would Romney have taken that step if he wasn’t running for president?

for Pete’s sake, no!

TaxPayer

September 24th, 2012
8:44 am

Clearly this is the verifiable evidence from Mitt regarding specific changes he has planned for the tax code–a reduction in the charitable contribution deduction. Perhaps limiting such deductions only to those made to the Mormon Church.

King Selassie

September 24th, 2012
8:45 am

““I don’t pay more than are legally due and frankly if I had paid more than are legally due I don’t think I’d be qualified to become president.”

Straight from Rafalca’s mouth!

the cat

September 24th, 2012
8:46 am

Stop it, this is hard!

Paul

September 24th, 2012
8:47 am

choke…. gurgle…. laugh!

I’d sure like to ask McConnell and Boehner: Mitt saved $N million from the Bush tax cuts.

How many jobs did he create with that money?

Not a serious question, any more than calling that tire “job creators” is a serious thought.

Normal Free...Pro Human Rights Thug...And liking it!

September 24th, 2012
8:48 am

And from what i hear, the day after the election, win or lose, he can file an amendment to the taxes and get his 10.4% again…A political ploy and a not so subtle one at that.

Paul

September 24th, 2012
8:48 am

tier… tier…. not ‘tire’

Truth

September 24th, 2012
8:52 am

Soooo… The liberal hack, Jay, says that Romney doesn’t pay enough in taxes. When Romney voluntarily pays extra, Jay makes a controversy out of it. Thumbs up, Jay. You’re a great American!

stands for decibels

September 24th, 2012
8:52 am

Paul, the term “job creators” is pretty damn *tired*, however.

Fly-On-The-Wall

September 24th, 2012
8:52 am

This is just another example of Romney talking out of both sides of his mouth. I just can’t trust him because I truly do not know where he stands on anything.

Although I know I’m not going to vote for Romney I do try to look at all of the factors I can to see how trustworthy someone is. But I also look at who they will be working with or against once that person becomes President. Back in 2000 I really trusted W when he said he was a compasionate conservative and his record in Texas seemed to show that. But when I looked at the fact that he would have a Republic House & Senate I knew that even though he might turn out to be who he said he was, the Congress would run him over. And they did.

So I see the same thing from Mitt, I have that same fear given that this new crop of Republic members are even more radical then that bunch 12 years ago. He won’t be able to control his party, they will run him over and that will do real harm to this country.

Granny Godzilla - Union Thugette

September 24th, 2012
8:53 am

He can amend this return.

Did he amend any previous?

It appears to me he is still hiding something.

TaxPayer

September 24th, 2012
8:53 am

All right, enough with the tax rate envy. You know how such talk upsets the Republicans.

stands for decibels

September 24th, 2012
8:53 am

The liberal hack, Jay

Truth’s copy of “How to Win Friends and Influence People” is in mint condition. Never been cracked open.

lynnie gal

September 24th, 2012
8:54 am

Bear in mind that Romney can change the “error” in his 2011 tax form after the election, erasing the 14.1 tax rate to it’s actual 10.4 rate. So, this is just an accounting gimmick to convince Americans that Romney is paying his fair share of taxes. But still-14.1% when working Americans are paying over 20%? Romney and his ilk are the real freeloaders, not hardworking Americans.

Williebkind

September 24th, 2012
8:54 am

Just raise the minimum wage to $18 per hour and there will not be as much money left to give those CEO millions in bonuses. Then you guys could chill on who pays what.

Paul

September 24th, 2012
8:55 am

sfd

Sure it is. But it still forms the basis of Republican defense of the wealthy against any tax increases.

barking frog

September 24th, 2012
8:55 am

The government should not
be a charitable beneficiary.
Tax to pay the expenditures
and spend to cover the
necessary cost of government.

Welcome to the Occupation

September 24th, 2012
8:55 am

Where are the usual CON-trarians? This is unique!

stands for decibels

September 24th, 2012
8:55 am

Bear in mind that Romney can change the “error” in his 2011 tax form after the election, erasing the 14.1 tax rate to it’s actual 10.4 rate.

ok, I gotta ask–really? Is it as simple as filing yet another amended return in (say) mid-November?

JF McNamara

September 24th, 2012
8:55 am

I would have paid 10.4%. He was going to get criticized no matter what he did, because the rate was going to be lower than what most folks expect. At least you don’t look like you’re patronizing people.

stands for decibels

September 24th, 2012
8:56 am

Just raise the minimum wage to $18 per hour

Works for me.

kayaker 71

September 24th, 2012
8:57 am

Taxing those in Romney’s tax bracket even 40% will do little to nothing to bring our debt and our runaway spending under control. Our problem is not Romney’s tax bracket….. it’s this insane spending that Democrats think they have to perpetuate. You must not have taken a good look at our debt clock lately. Our gross debt/ GDP ratio is at 104%. Our domestic growth is stuck at 1.7% and, despite our stock market booming, is not expected to rise much above that in the near future. We are spending way more than we are taking in. The credit cards are maxed and all liberals want to do is to open new ones. In short, we are broke but spending like we have a surplus. This can’t last. It is insane.

JamVet

September 24th, 2012
8:57 am

Just raise the minimum wage to the point where it is worth more than it was in 1968, 1% bootlickers…

stands for decibels

September 24th, 2012
8:58 am

At least you don’t look like you’re patronizing people.

Somehow I think the Romneys are well beyond worrying about such things at this point.

Peadawg

September 24th, 2012
8:58 am

“Stop it, this is hard!”

That’s what he said.

Mick

September 24th, 2012
8:58 am

Republican true philosophy for all to see and understand; cut medicare and social security so the wealthiest among us don’t have to pay more taxes, a pathetic joke and the water carriers will make this election close…

TaxPayer

September 24th, 2012
8:58 am

Can someone tell me again how our oppressive 35% marginal tax rate is just destroying our job creators.

Paul

September 24th, 2012
8:59 am

Truth

“The liberal hack, Jay, says that Romney doesn’t pay enough in taxes. ”

No, what he said was, we can infer from Romney’s actions that Romney thinks the tax code requires too little from him.

“If actions speak louder than words, then Mitt Romney agrees with Barack Obama that the federal tax code requires too little of rich people like himself.”

Keep Up the Good Fight!

September 24th, 2012
9:00 am

Aww folks, tax rates don’t matter…he still paid millions more than you.

This message brought to you by the foolish con posters talking point meme app from Drudge spam. Had this been an intelligent response, it certainly would comprehend the distinction between rates and amounts paid.

barking frog

September 24th, 2012
9:00 am

I have never understood
how religious donations
are legal under the
Constitution or how they
are charitable.

Paul

September 24th, 2012
9:00 am

kayaker 71

“Taxing those in Romney’s tax bracket even 40% will do little to nothing to bring our debt and our runaway spending under control”

Good morning, and same question to you as to RB from Gwinnett earlier: would you support raising tax rates on the top tier if rates on the middle class were also increased?

bman

September 24th, 2012
9:01 am

All of the money he earned was from investments. What type of investments? I’m in the wrong biz!!

ken

September 24th, 2012
9:02 am

I follow the tax laws written by congress. Mitt does too. BLAME CONGRESS !!!

Paul

September 24th, 2012
9:02 am

barking frog

” or how they
are charitable.”

You may want to ask that of getalife when he shows up regarding Katrina victims.

USinUK - thug with a uterus ... and former Girl Scout

September 24th, 2012
9:03 am

“Just raise the minimum wage to $18 per hour

Works for me.”

I second that emotion.

and it will help a consumer-based economy no end.

TaxPayer

September 24th, 2012
9:03 am

Taxing those in Romney’s tax bracket even 40% will do little to nothing to bring our debt and our runaway spending under control.

Because according to RepubliMath, 40%-14.1% = 0.

Paul

September 24th, 2012
9:04 am

ken

We can also blame the Republican candidate for not going against Republican members in the House and Senate in their refusal to bring equity to the tax laws.

kayaker 71

September 24th, 2012
9:05 am

You liberals are so predictable. Did any of you check John Kerry’s contribution to our federal government? How about that venerable Democrat, John Edwards? Even Slick Willy…… no one bitches about these guys. They are liberals so they don’t count. How about Bill Gates or any of the Waltons? Even old Buffett himself. Does anyone care about the limousine liberals and how much they contribute? Nope. But let a good Republican business man make a few bucks and you are all over him like a bad odor. Bookman is so predictable.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 24th, 2012
9:05 am

JAY,

Let me make sure I understand you here…Romney paid more than his “fairshare” per the IRS in 2011 and liberals are still bitchn? He can’t win with you guys..

If political, don’t you think President Trillions has made his share of purely election time, political moves?

When President Spineless does the same, you defend him like your mother…when Ken (of Ken and Barbie) does the same….he is a scumbag…??

Peadawg

September 24th, 2012
9:07 am

kayaker 71
September 24th, 2012
9:05 am

Are any of those guys on the ballot in November?

Mr. Snarky

September 24th, 2012
9:07 am

I’m just glad Mitt is consistent.

kayaker 71

September 24th, 2012
9:09 am

Paul, 9:00,

More tax revenue is not our problem. The problem is how much we spend. Taxing all of these “rich” people is not going to solve our problem as long as we continue to spend ourselves into the poor house.

LoganvilleGuy

September 24th, 2012
9:09 am

I am about as conservative as they come but am so tired of this, “raising taxes on the rich won’t solve our problem” line of thinking.

You know what.. you are ABSOLUTELY right. If you just raise taxes on the rich, it won’t solve our problems. However, the point that you fail to realize is that just cutting spending won’t solve our problem either.

The real solution is to cut spending AND increase taxes. Given that I’m spending over 20% of my income in various taxes, I don’t think it is unreasonable to expect everyone else to do the same. I understand that there are services that the government must provide and people have to pay for them.

Now if you reduce spending and increase taxes… You are closer to fixing the problem. You wouldn’t think it was rocket science.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 24th, 2012
9:09 am

TAXPAYER,

The savings by increasing taxes on the “rich” as proposed will bring in $800 billion over 10 years. Let’s compare that to the $38 Trillion of revenue collected in 10 years…do the math and tell me just how this play is not purely political? It’s 2% to save you trouble of doing the math…

Heck, you realize the cost of Pelosicare to us will soon be $200 plus billion a year? Also, what do you suppose are the chances that $80 billion a year will not simply become leverage to borrow more?

Dan

September 24th, 2012
9:10 am

Romney gave more to charity than Biden and Obama combined. He kept his promise that he would not pay less than 13%. I know that we aren’t used to people keeping promises under the Obama administration, so this may be shocking. However, we are looking at a huge deficit, high unemployment, and a failed foreign policy, and you want to talk about tax returns. Obama’s staff owes back taxes. His treasurer Geithner didn’t pay his taxes. Hypocritical much? Obama used tax loop holes, giving $50,000 to his daughters so he wouldn’t have to pay taxes on that money. We all use loopholes to pay as little as possible. Some Americans pay no income tax. Can you say you gave the same percentage of your income as Romney to charity? If you did, you would probably deduct it. Romney didn’t when he could have. That is honorable. Meanwhile, the middle east crumbles, Obama misses half his intelligence meetings, the economy is failing, and you all ignore it. Amazing.

Welcome to the Occupation

September 24th, 2012
9:10 am

You liberals are so predictable. Did any of you check John Kerry’s contribution to our federal government? How about that venerable Democrat, John Edwards? Even Slick Willy…… no one bitches about these guys. They are liberals so they don’t count

Oh cry me a river.

Mitt Romney has all the wealth of those people put together and multiplied several times, and more. He DESERVES every bit of harsh scrutiny he gets.

And not only that, he deserves even MORE harsh skepticism about his motives as he, unlike them, not only wants to not slow down or reverse the class war being waged on behalf of his class, he wants to INTENSIFY it.

Mitt Romney wants to be honorary general in the class war, a CLASS WARRIOR for his class.

He’s a fraud.

barking frog

September 24th, 2012
9:10 am

Paul
To clarify I’m not saying that
churches do not do good
free work just that when
they are allowed by the
government to solicit tax
free funds the government
evades its religious restrictions.

Doggone/GA

September 24th, 2012
9:10 am

“Let me make sure I understand you here…”

You don’t understand

“Romney paid more than his “fairshare” per the IRS in 2011 and liberals are still bitchn”

Nope, just pointing out what he has already said…and then laughing at him

TaxPayer

September 24th, 2012
9:11 am

There’s just nothing else like a good big tax cut for the wealthiest to pay down a trillion dollar war debt or to pay off unfunded tax cuts or to pay off prescription drug company benefits.

USinUK - thug with a uterus ... and former Girl Scout

September 24th, 2012
9:11 am

” Did any of you check John Kerry’s contribution to our federal government?”

yes. Not only John Kerry’s but Teresa Heinz Kerry’s, as well.

so stick that in your pipe and smoke it.

Paul

September 24th, 2012
9:11 am

kayaker 71

In case you missed it:

“Taxing those in Romney’s tax bracket even 40% will do little to nothing to bring our debt and our runaway spending under control”

Good morning, and same question to you as to RB from Gwinnett earlier: would you support raising tax rates on the top tier if rates on the middle class were also increased?

Stevie Ray

“Romney paid more than his “fairshare” per the IRS in 2011 and liberals are still bitchn? ”

Again, no. The thread was about if Romney thinks, as demonstrated by his actions, that the current tax structure requires too little of him and other rich people.

curious

September 24th, 2012
9:11 am

Romney painted himself into a corner when he stated several weeks ago that he never paid less than the rate on his 2010 return (~14%).

His real problem will be his returns for earlier years and they will come out at some point.

Jefferson

September 24th, 2012
9:12 am

You will have to wait for the RNC to tell us what Romney means when he says something. Stay tuned.

Peter

September 24th, 2012
9:13 am

Well how many jobs did Romney create at Bain ? I imagine that is what the plan was ?

Keep Up the Good Fight!

September 24th, 2012
9:14 am

More tax revenue is not our problem. The problem is how much we spend. Taxing all of these “rich” people is not going to solve our problem as long as we continue to spend ourselves into the poor house.

Brought to you by the people who want to cut tax revenues and spend more on military…. yeah, that’s the solution. :roll:

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 24th, 2012
9:15 am

DOGGONE AND PAUL,

I think I understand exactly what is being said….Romney paid more than his fair share per the IRS in 2011…likely for political purposes but if he would have paid less, you’d still be bitchn like a bunch of kindergartners….Point is that they all make political actions and statements that have no bearing on reality after election…

You are all mere blue sheep…baaaaa baaaa

Granny Godzilla - Union Thugette

September 24th, 2012
9:16 am

Dan

Bless your heart.

nelson

September 24th, 2012
9:16 am

47% non contributors and Jay castigates someone willing to contribute. 4 more years and Mitt and other contributors to government will be on the “endangered species” list. There will have to be a special HR Bill for their protection like the “short nosed sturgeon” holding up making Savannah a deep water port.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 24th, 2012
9:16 am

KEEP,

Many of us think taxes should be raised (per IRS changes) and spending needs to be cut…please don’t bring all of us down to your level…

the cat

September 24th, 2012
9:17 am

Romney knows there is no way he will win this. I think if he could get out of the race he would. I predict a family “crisis” in the future giving him a way out.

Welcome to the Occupation

September 24th, 2012
9:17 am

Stevie Ray: “Let me make sure I understand you here…Romney paid more than his “fairshare” per the IRS in 2011 and liberals are still bitchn? He can’t win with you guys..”

What makes you think that a lousy pi$$-ant 14% is a “fair share”?

What a joke!

That amount needs to be tripled. Just for STARTERS.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 24th, 2012
9:18 am

PETER,

Can you tell me exactly how many jobs Romney actually offshored or otherwise eliminated? I can’t seem to find the answer which suggests to me, this is simply a political move by President Trillions not unlike Romney and his overpayment…how different are they really?

kayaker 71

September 24th, 2012
9:18 am

Did Romney break any laws? Were there any inconsistencies in Romney’s tax returns? The answer is a resounding NO. Romney used the same tax code that all the rest of use. He played by the same rules that any other person filing a return. If you don’t like what he paid, blame the people in Congress that pass tax laws. Congress could have revised our tax laws gazillions of times in the past several years but have declined to do so. Is that Romney’s fault?

stands for decibels

September 24th, 2012
9:19 am

That’s what he said.

I’m glad I’m not the only one whose mind Went There immediately upon hearing Mrs. Romney’s inelegant words.

mdoweht

September 24th, 2012
9:19 am

The Republicans are in the curious position of having to convince the
country that it is in terrible shape, but it is not their fault. In
fact, even though all the economic indicators are improving, Mitt has to
argue that he could somehow do better, even though he would adopt the
same terrible policies that W. did, which got us into this mess to begin
with.But the Republicans can suspend belief on Taxes,Terrorism,Global
Warming, Evolution, and a lot of other issues. So they are practiced in
fairy tales, and some of them will believe it, but not enough to get
Mitt elected.

JamVet

September 24th, 2012
9:19 am

Well how many jobs did Romney create at Bain ?

Are you talking about in this country or in China, India, the Philippines, Singapore, etc?

N-GA

September 24th, 2012
9:20 am

How many times does it need to be said? The richest people in America are paying taxes at the lowest level in more than 60 years. Even if we disregard capital gains and other types of taxes, the highest FIT rate has dropped from 91% in 1958 (Eisenhower) to 35% today. Capital gains taxes have dropped from 20% to 15%. In the meantime sales taxes have tripled. Those Americans who supposedly don’t pay taxes are actually paying taxes through the nose. Higher fuel taxes. Higher property taxes. Fees for services that were once free.

TaxPayer

September 24th, 2012
9:20 am

Stevie Ray,

Before Bush took office, we were actually on track to paying down our debt. Then Bush ran up a trillion dollar war tab and kept it off the books so that is yet to be repaid. Then, he gave us tax cuts without cutting any spending hence we are still amassing more debt thanks to those unfunded cuts. After that, Bush gave us an unfunded prescription drug company benefit to pay for. And finally, we got the Bush Great Recession at the end of his 8 years. And the Republican solution to that mess is to cut spending, except defense. Go ahead. Start cutting. Identify the items that you will cut and the impact of said cuts. Show us your math.

stands for decibels

September 24th, 2012
9:20 am

Did Romney break any laws? Were there any inconsistencies in Romney’s tax returns?

am I posing rhetorical questions not germane to the discussion?

Keep Up the Good Fight!

September 24th, 2012
9:20 am

Ummm Stevie, perhaps child its not my level, its the GOP level. Talk to your little buddy Yakker.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 24th, 2012
9:21 am

WELCOME

The IRS and current tax code defines “fair share”…..who do you think defines this number now? Do you really think some a leadership devoid, failed president is the one to define same?

Baaaaaa baaaa

I guess you simply ignore the code and pay more than required?

Paul

September 24th, 2012
9:21 am

Stevie Ray 9:15

You are still more interested in insulting other bloggers than in addressing Jay’s point.

That’s easier for some, I suppose.

Oscar

September 24th, 2012
9:21 am

It was fun for a while but now it’s getting old. I getting tired of hearing complaints about what Romney pays in taxes.
Romney didn’t create the tax laws. Congress did. Want to complain about rich paying low taxes. Pur the blame where it belongs, on Congress. Not on people like Romney who are just following the law. Passed by Congress.

Skip

September 24th, 2012
9:21 am

Jay has one of the hardest jobs around, trying to keep a race that’s over interesting.

stands for decibels

September 24th, 2012
9:22 am

General-election politically speaking, of course, this all boils down to “gee, it must be nice to be in a position where you can choose to shift ~2 million of a deduction this way or that, in order to get a pleasant-sounding percentage.”

and you really can’t put lipstick on that pig.

Peter

September 24th, 2012
9:22 am

Stevie Ray..Clowns to the left and Jokers to the right..here I am…

So does the GOP want another War soon ?

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

September 24th, 2012
9:23 am

TAXPAYER,

10% cut from all except 20% cut in military…pretty simple but not a one of them has the balls to risk re-election to do the right thing.. medicare, food stamps…all of it…

bman

September 24th, 2012
9:23 am

“That amount needs to be tripled. Just for STARTERS.”

Tripled…and that’s just for starters? meaning even more?

TaxPayer

September 24th, 2012
9:23 am

Did Romney break any laws?

We do not know. We do know that 18,000 people with Swiss bank accounts have come forward under that program offered by the DoJ. Was Mitt one of those account holders. Perhaps we could determine the answer to that question from his 2009 tax return.

Doggone/GA

September 24th, 2012
9:23 am

Personally, I liked what someone said the other day to the effect that “McCain reviewd Romney’s taxes…and then chose Palin as a running mate”

mm

September 24th, 2012
9:23 am

” it’s this insane spending that Democrats think they have to perpetuate.”

This is the lie the cons like to perpetuate.

The GOP, starting in 2001, started 2 unpaid wars, several unpaid tax cuts, and an unpaid Medicare Part D, which doubled the defcit under Bush. These things are still adding to the deficit, as well as the drop in tax revenue due to the great recession.

I still have yet to meet an honest republican.

JamVet

September 24th, 2012
9:23 am

….who do you think defines this number now?

Extremely rich men taking care of extremely rich men. (Ask Mitt “I Hide my Money Overseas” Romney.)

And you are the fall guy…

Oscar

September 24th, 2012
9:24 am

am I posing rhetorical questions not germane to the discussion?

_________
You question is germane but not much fun. More fun to compain about Romney.

N-GA

September 24th, 2012
9:24 am

Funny how people are so focused on Romney not paying enough. While I think that is true, the larger issue is that he intends to cut taxes even further.

Republican arithmetic is scary….

kayaker 71

September 24th, 2012
9:24 am

Stands, 9:22,

Oh, what it would be like to have that kind of problem. Do I detect a little penis envy here?

Welcome to the Occupation

September 24th, 2012
9:25 am

I’ll tell you something, Stevie Ray, I’m personally not crazy about how liberals have seized on that phrase “fair share” in matters of taxation. When they put it that way, it implies that this is simply a matter of a share in a more or less static “pie” when in reality what should be looked at is the size of the share (jobs) and productivity. Capitalists should have their income made contingent on the ability of their system to provide for the general welfare.

Capitalists, in particular rentiers like Mitt Romney who ‘earn’ (ha ha) their income by not lifting a finger but simply by virtue of moving digits around in their portfolios, should be held responsible for the obvious failures of the capitalist system to provide for basic well being of the people.

Peter

September 24th, 2012
9:25 am

The richest in the country get the most free hand outs from the government because of interest laws on housing……

I guess no one is talking about that if you are in the 1%.

Paul

September 24th, 2012
9:25 am

Oscar

That’s fair, but the fact of the matter is Republicans in the House and Senate are on record as doing any tax code revisions that will raise rates.

stands for decibels

September 24th, 2012
9:25 am

I guess you simply ignore the code and pay more than required?

you’re (willfully?) missing the point.

the point is, Americans who work and vote are not, generally, in a position to choose to pay more or less. Not a whole lot either way, anyway. These Friday-news-dump revelations aren’t game changing, but they do reinforce the unlikeability factor already in play at this stage of the election.

And face facts (I had to, in 2004–baffling as it was to me that ANYONE with a pulse would prefer to have a beer with GWB rather than Kerry) — likeability is what retail politics is mostly about at this point.

Granny Godzilla - Union Thugette

September 24th, 2012
9:25 am

kayaker 71

September 24th, 2012
9:18 am
Did Romney break any laws? Were there any inconsistencies in Romney’s tax returns? The answer is a resounding NO. Romney used the same tax code that all the rest of use. He played by the same rules that any other person filing a return
.
.
.
.
.
As did the 47% who paid no personal income taxes.

Why then do you give them a hard time?

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larry

September 24th, 2012
9:25 am

What does everyone mean when they say he (Romney) hasn’t created jobs? I mean look at all the well paying campaign jobs he has created, the well paying blogging positions he’s created, all of the jobs surrounding him in his inner cirlcle.

I mean he gave these people bonuses no matter how incompetent they are. He is a job creator.

Citizen of the World

September 24th, 2012
9:25 am

The tax code is too easy on those in the top brackets. But who is Romney focused on? The 47 percent who pay no federal income tax. Like, a) they don’t pay a whole lot of other taxes, and b) they are not so poorly compensated that they are bordering on destitute as it is, and/or c) they are not senior citizens living on low, fixed incomes, and/or d) they are not military personnel deployed out of the country, and/or e) they are not rich people who find loopholes in the tax code.

ByteMe - Got ilk?

September 24th, 2012
9:26 am

And from what i hear, the day after the election, win or lose, he can file an amendment to the taxes and get his 10.4% again…A political ploy and a not so subtle one at that.

That’s how I read it as well. In November, his accountant will file an amended return and claim a refund for overpaid taxes. All completely legal, for pete’s sake….

stands for decibels

September 24th, 2012
9:26 am

Do I detect a little penis envy here?

nope, I don’t want to be an even bigger dick than I already freely admit to being.

Keep Up the Good Fight!

September 24th, 2012
9:26 am

Stands, do you envy Yak’s “little penis”? :lol:

alittlecommonsense

September 24th, 2012
9:26 am

Your numbers ignore his charitable contributions. He like everyone could reduce their taxes down to zero with enough charitable contributions. More pertinant would be his rate before contributions.

But really, this conversation about Mitt’s taxes is a red herring. If we want to discuss raising the capital gains tax, that is a fair conversation to have. Beyond that, it is just personally attacking Mitt for not paying more than he is required to. It is a completely irrelevant conversation to have. The only relevance is to stir up resentment against Mitt because he is in the 1%. His personal tax rate has no bearing on anything relevant to you, me, or this country.