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Romney to release 2011 tax returns today, but he’s still hiding details on the others

The story is HERE:

Mitt Romney paid $1.95 million in taxes on his 2011 investment income of $13.7 million, his campaign revealed on Friday, saying it will make good this afternoon on Mr. Romney’s promise earlier this year to eventually release his full returns for that year.

The Republican presidential nominee, who released his 2010 tax returns in January, continues to refuse demands from President Obama’s campaign and other Democrats to release multiple years of his returns. Mr. Obama has sought to portray Mr. Romney as an out-of-touch millionaire who used off-shore accounts and accounting gimmicks to reduce his tax liability.

But Mr. Romney’s lawyer said on the campaign’s Web site that the candidate will release a letter later today from his tax advisers providing a summary of his tax liability for a 20-year period from 1990 to 2009. The campaign said the summary will show that Mr. Romney paid taxes every year during that period, that the lowest annual federal tax rate was 13.66 percent and that the Romneys gave an average of 13.45 percent of their income to charity during the period. 

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18 Comments

  1. “100 Days Until Taxmageddon”
    http://www.atr.org/days-taxmageddon-a7203

    2011 Tax Returns; Paid $1.9 Million on $13.7 in Income
    and donated $4,020,772 to charity

    I guess there is no point in discussing the state department and its failure and now and the chaos in the Middle East.
    No story in the White House narrative on Libya attack and the collapse of that narrative.

  2. SQUIRREL!

    I wonder when the press will take the Obama’s to task for donating so much less to charity than the Romney’s?

    I wonder when people will focus on what is important in this campaign?

    It’s not about likeability, or tax returns or secret videotapes of private conversations.

    It should be about the economy.

    It should be about fiscal sanity in the federal budget.

    It should be about making business in this country competitive with the rest of the world.

    It should be about the Middle East, Iran and Islamic fundamentalists who want to kill us. Even if Obama is the President.

    Instead it is about squirrels.

  3. Amazing how the Democrats and media have managed to convince the public that Obama is the one “in touch” with most Americans. This is the man who spent most of childhood growing up overseas, rode the affirmative action train to elitist institutions, and never had a real job his entire life.

    Yet Mitt Romney, whose family built a company from scratch in the United States, is the one “out of touch.”

  4. Luke Fredrickson

    It should be about a lot of things, but it IS about…

    Why the Republic Party keeps nominating losers!

    It must really suck to be a Republic Party apparatchik like exdoc. It’s like you guys keep putting Dukakis on the ticket over and over.

  5. Luke Fredrickson

    “Amazing how the Democrats and media have managed to convince the public that Obama is the one “in touch” with most Americans.”

    ::::::::::::::::::::::::::::::::::::::

    It’s call a campaign. Take notes for next time.

  6. Luke Fredrickson

    ^called

  7. So Luke admits Obama is a marketing sham. Nice.

    And he thinks Romney is a loser?

    Succesful businessman. True family man. Philanthropist. Devoted to his church. A Republican who became Governor of Massachusetts.

    You calling him a loser (or even worse, thinking that he is a loser) is exactly what is wrong with liberals and with our country.

    He is hardly a loser, political or otherwise.

    To suggest otherwise is just a big, fat squirrel.

  8. Luke Fredrickson

    So Luke admits Obama is a marketing sham.

    ::::::::::::::::::::::::::::::::::

    Do not speak for me. I said he is winning a campaign, just like he did overwhelmingly against your last loser.

  9. Oh, you mean John McCain the war hero and long serving U.S. Representative and Senator from Arizona?

    Yeah, what a loser.

  10. - 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.

    http://www.mittromney.com/blogs/mitts-view/2012/09/note-trustee-brad-malt

    Now, where is that liberal liar Harry Reid and his claim that Romney paid zero taxes?

  11. How do we know the tax returns are real? Maybe they were doctored or Photoshopped? Can you really trust the IRS to produce accurate and verifiable information?

  12. doc: McCain was, in fact, a loser in the 2008 election. It was in all the papers. You must have missed it.

  13. The Romneys also donated $4m to charity last year, nearly 30 per cent of their income but claimed a tax deduction for only $2.25m of this.
    Unlike The liberals who claim they want to give more and don’t, Romney did pay more than he was required.

  14. markymark715

    He still isn’t releasing his actual returns because they show he is a tax felon who avoided prosecution during the amnesty for federal tax evaders.

  15. LOL. What evil greedy rich guy would donate millions every year to charity? That Romney just isn’t living up to the hype.

  16. markymark if he filed taxes with the IRS and they haven’t arrested him then how can you say that? Do you have information they don’t or are you just a wingnut?

  17. Wilson, I was being super sarcastic. lol He’s donated too much to charity to live up the hype of being evil and greedy.

  18. markymark715 what do you say now? Where is your evidence?
    I suppose Price Waterhouse Cooper employees should all be prosecuted now.
    The following letter from auditors at Price Waterhouse Cooper states unequivocally that GOP presidential candidate Mitt Romney paid taxes every year between 1990 and 2009.

    http://www.mittromney.com/disclosure/letter-from-pwc

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