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Romney: “I’ve Paid At Least 13%” in Taxes Now Please Can We Talk About Something Else?

Romney: “I’ve Paid At Least 13%” in Taxes Now Please Can We Talk About Something Else?

On the campaign trail in South Carolina, Mitt Romney said he has “paid at least 13 percent” of his income in taxes in the past ten years, the period in which he will not release tax returns. He then accused those (like Senator Harry Reid, Democrat of Nevada) demanding he release them of perseverating on matters that are “very small-minded compared to the broad issues we face.”

Romney’s statement is the first since President Barack Obama and other Democrats have raised queries about how little Romney has paid in taxes and whether he has paid any at all.

So far, Romney has only released full tax returns for 2010 and a short summary of those from 2011.

Asked during a trip aboard in July if he had ever paid a tax rate lower than the 13.9 percent he did in 2010, Romney replied that “I haven’t calculated that. I’m happy to go back and look, but my view is I’ve paid all the taxes required by law.”

That 13 percent tax rate ”puts him at a much lower rate than most average Americans pay on their salary and wage income,” as Talking Points Memo points out. Romney has previously said that he pays around 15 percent, the tax rate on capital gains.

In South Carolina today, Romney also suggested that he pays “well above 20 percent” of his income in taxes “if you add in addition the amount that goes to charity,” a statement suggesting how he is straining to respond to questions about his taxes: Of course what everyone (including a “vocal chorus of conservatives and Romney supporters,” Talking Points Memo underscores) wants to know is how much Romney has actually paid in taxes, not what he would have if charitable contributions were included.

In a Wednesday night interview on NBC’s “Rock Center,” Ann Romney (while noting that the Romneys “give 10 percent of our income to charity”) said that “the only reason we don’t disclose any more is, you know, we just become a bigger target.”

But all of Romney’s ducking and excuse-mongering are only suggesting, there must be something in those tax returns that he doesn’t want anyone, even his supporters, to see. As New York Times columnist Maureen Dowd recently wrote:

Romney’s all-business/all-family rigidity makes him seem inaccessible. And his tax legerdemain has made him seem shady. As Marc Wolpow, a former Romney employee at Bain Capital, said in a Boston Globe story about Mitt’s 1988 deal with Michael Milken while the junk bond king was under federal investigation: “Mitt, I think, spent his life balanced between fear and greed. He knew that he had to make a lot of money to launch his political career. It’s very hard to make a lot of money without taking some kind of reputational risk along the way.”

What kind of risk that might exactly be remains a matter between Romney and the tax records he remains determined to keep under wraps.

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188 comments

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9:59AM PDT on Aug 20, 2012

Willie boy and his Stepford wife have never said that they have paid at least 13% in"FEDERAL INCOME TAXES." They very carefully say "we have paid our taxes." "We have paid at least 13% in taxes." Hell, I pay 13% in taxes before I get to my federal income taxes. This doen't even include my state sales tax, my district property taxes, school and others, and several other taxes I pay. So, mittie, fess up. You and stepford annie are withholding information and we believe it is crucial to our decisions. The fact is on my little part time paycheck of $321.75 I paid 103.94 in taxes including my income tax. That is a little bit more than 13%, don't you agree.

2:51PM PDT on Aug 19, 2012

One of my friends says Romney is more gay than Anderson Cooper who at least isn't ashamed to say he is. She thinks Mitt walks with baby-steps and has other gay-tendencies ..(.I don't bother to check him out) But I do think it would be a hoot if he finally came out like Jim McGreevey former-Governor of N.J. and especially the folks on the right would be devastated.

9:27AM PDT on Aug 19, 2012

Robert H David likes to blow a lot of loud GOP smoke but won't stand when folks prove his words are empty. His credibility is deeply in the tank. He won't face the music and his songs are remakes of songs that were never hits.

He also cited once that the original document of the Treaty of Tripoli didn't exist citing a right wing over the edge evangelical site as his proof for his assertion. It is patently false.

In that treaty Adams told the Arabs of that time that the US was not a christian nation.

All of his posts rely on extreme debunked, discredited right wing rags.

His head is so deeply buried in it he rarely comes up for air.

9:11AM PDT on Aug 19, 2012

It amazes me that someone would still defend Wall Street when those investors pocketed a huge number of people's retirements that they worked all their lives for. I would never trust those creeps to make a wise decision for me. Trickle down ends in their own pockets. The thought of privatizing Social Security terrifies me. That's a whole lot of OPM and I'm sure they are lined up and licking their chops.

9:01AM PDT on Aug 19, 2012

@David blows more smoke Without trickle down we have Cuba, North Korea for some extreme examples.

Hey pard, take a look see at The Epic Failure of Republican Trickle Down Economics see Crooks and Liars for how BS trickle down is

http://crooksandliars.com/jon-perr/epic-failure-of-republican-trickle-down-economics.

The economist John Kenneth Galbraith noted that supply side economics was not a new theory. He wrote, "Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory:

If you feed the horse enough oats, some will pass through to the road for the sparrows."
Let’s get with the program David, supply-side economics, a cover for trickle down, doesn’t work and produces fecal matter not income.

9:00AM PDT on Aug 19, 2012

@David uses smoke and mirrors “They made rule after rule reducing working hours by force, mandating huge benefits, long paid vacation and holidays and made it impossible to fire anyone. Great short term benefits to the employee, catastrophic to them in the long term. Their manufacturing industry has almost disappeared, same that’s happening here.

Your premise that the decline in manufacturing being due to unions is a bald faced distortion and lie. The decline in manufacturing has spread from China to Europe and has nothing to do with unions. As President Clinton said It’s the Economy, stupid.”

9:00AM PDT on Aug 19, 2012

David, while you refuse continually to admit how grossly wrong you were in your previous posts you continue the effort with your following post.

@David guffaws Can you not see what the monopolized Labor parties have done to Europe?

Over the last twenty years there has been a widespread decline in trade union membership throughout most of western Europe.
http://www.fedee.com/labour-relations/trade-unions-in-europe/

8:53AM PDT on Aug 19, 2012

So if we are will to for 10 dollars a week we can have trickle down again???? Trickle down is only happening in China were they will work for 1/10 of what we make. Yer simply making yourself look stupid when you can't see whats going on David.

8:34AM PDT on Aug 19, 2012

Really David, you lose any credibility when you post on Care2 with nonsense and outright lies and then choose not to face the music when you are proven to be completely not only out of the ball park but not even at the game.

The moment other people here on Care2 get the idea that you just come here to spout lies, distortions and untruths about an issue they really aren't going to want to debate you or acknowledge you. So maybe it is time to stop feeding that deer and put down your gun and admit that all of your statements were distortions and contradictions from the truth.

What do you say pard? Where's the beef?

8:30AM PDT on Aug 19, 2012

Hey David I note you still haven't responded to the challenges to your lies.

Remember when you touted the idea that what would have saved this country would have been to shut down Freddie Mae and Freddie Mac and then there wouldn’t have been any financial meltdown? Do you remember what I said in response to that lie?

Remember that scene where your old good buddy and leader of the Republik-NOTS Greenspan had to show up in his expensive suit and humbly mumble the words on his Ayn Randian philosophy?

IN FRONT OF A SENATE COMMITTEE

acknowledging that HE AND HIS GOP FOLK GOT IT WRONG

AND ADMITTED HE HAD MADE A MISTAKE

TAKING AMERICA INTO THAT BLACK HOLE!!!
Do you remember that moment David? It wasn’t on Rachel’s show, it was live news coverage buddy boy. Right from the Hill.

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