{"id":183965,"date":"2012-09-21T17:58:00","date_gmt":"2012-09-21T22:58:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/09\/21\/mitt-has-released-his-taxes\/"},"modified":"2012-09-21T17:58:00","modified_gmt":"2012-09-21T22:58:00","slug":"mitt-has-released-his-taxes","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2012\/09\/21\/mitt-has-released-his-taxes\/","title":{"rendered":"Mitt Has Released His Taxes"},"content":{"rendered":"

Well, he sort of released his taxes<\/a>. He released his 2011 taxes, and “summary” for the past decade:<\/p>\n

Republican presidential candidate Mitt Romney fought back on Friday against Democratic charges he paid no taxes in some years, releasing a letter from his accountants saying he paid an effective federal tax rate of at least 13.6 percent annually over 20 years.<\/span>

<\/span> Despite heavy political pressure, Romney stood firm in refusing to make those returns public, but followed through on an earlier promise to release his 2011 return. It showed he paid $1.9 million in taxes on more than $13 million in income – an effective tax rate of 14.1 percent.<\/span>

<\/span> \u2026\u2026\u2026<\/span>

<\/span> Romney has refused to release returns from his years as head of Bain Capital, a private equity fund that Democratic critics have charged plundered companies and cut jobs in a quest for profits. Romney has an estimated net worth between $190 million and $250 million.<\/span>

<\/span> \u2026\u2026\u2026<\/span>

<\/span> The Romney campaign published a statement on Friday from former Internal Revenue Service Commissioner Fred Goldberg, who declared the returns “reflect the complexity of our laws and the types of investment activity that I would anticipate for persons in their circumstances.”<\/span>

<\/span> Goldberg said, “In my judgment, they have fully satisfied their responsibilities as taxpayers.”<\/span>

<\/span> The letter from accountants PricewaterhouseCoopers said the average of Romney’s annual effective federal personal income tax rate during the 20-year period up to 2009 was 20.2 percent, and he and his wife, Ann, had a charitable deduction rate of 13.45 percent.<\/span><\/p><\/blockquote>\n

Seriously, there is something really<\/b> hinky about his tax returns that Mitt is desperately trying to hide.<\/p>\n

BTW, if you want to run the numbers, I guarantee that he paid only about $10K in social security and medicare taxes, which would be less than 1%. <\/p>\n

Ordinary mortals who earn less than about $100K pay about 7\u00bd% on every penny for social security and medicare, and that’s before<\/b> the stuff that he squirreled away in his (now closed) Swiss bank account.<\/p>\n","protected":false},"excerpt":{"rendered":"

Well, he sort of released his taxes. He released his 2011 taxes, and “summary” for the past decade: Republican presidential candidate Mitt Romney fought back on Friday against Democratic charges he paid no taxes in some years, releasing a letter from his accountants saying he paid an effective federal tax rate of at least 13.6 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1206,977,983,979],"tags":[],"class_list":["post-183965","post","type-post","status-publish","format-standard","hentry","category-mitt-romney","category-presidential-campaign","category-taxes","category-wanker"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/183965"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=183965"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/183965\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=183965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=183965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=183965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}