Romney Paid $1.9M in Taxes for 2011, Donated 30% of Income to Charity

Posted by on Sep 21, 2012 at 3:14 pm

Suspected child molester Harry Reid hardest hit.

Mitt Romney’s campaign, in its latest attempt to respond to calls to release more years of tax returns, announced Friday that the Republican candidate averaged a 20 percent effective tax rate for the previous 20 years and never paid less than 13.66 percent.

But the campaign is sticking by the candidate’s vow not to release more than his last two tax returns, which critics have made into a potent campaign issue.

Romney plans to release his final tax return for 2011 on Friday. That document will show the Romneys paid $1.9 million in taxes on nearly $14 million in income, mostly from investments, giving them an effective tax rate of 14.1 percent, the campaign said in a blog post.

The Romneys donated about $4 million to charity in 2011, or about 30 percent of their income, according to the campaign, which plans to release the documents at 3 p.m. ET. Romney previously released his 2010 tax return but no others.

The antique media is already putting a negative spin on it.

The release on Friday, traditionally a day when politicians release information they hope will not attract heavy news coverage, comes after a brutal week for Romney’s campaign.

A secretly recorded video was released earlier in the week showing Romney denigrating the 47 percent of Americans who would back Obama “no matter what” as government-dependent victims. That followed last week’s fumbled response to attacks on U.S. compounds in Libya and Egypt.

Romney never said a word about the terrorist attack in Libya, which the Obama administration has fumbled the past 10 days. Unreal.

In related news, distrust of the news media has reached an all-time high. Funny that.

Tags:

8 Responses to “Romney Paid $1.9M in Taxes for 2011, Donated 30% of Income to Charity”

  1. NateDogg614 on 21/21/12 at 3:17 pm

    “In related news, distrust of the news media has reached an all-time high. Funny that.”

    I am STUNNED!!! ;)

  2. Bill Mitchell on 21/21/12 at 3:42 pm

    Lol, so average tax rate for 20 years over 20% with lowest ever 13% and taxes plus charity 38%.

    Find me a liberal who comes even close.

  3. Blue Hen on 21/21/12 at 4:01 pm

    “Released on Friday” ya mean like all the Fast and Furious stuff that their boyfriend doled out?

  4. DGarr on 21/21/12 at 6:42 pm

    Release the tax returns that we *really* want to see, 2005-2009, Mr. Romney.

    If you are looking for a way to reboot your campaign, this would be it.

    Show everyone that, indeed, there is nothing to hide.

    Now THAT would really change the momentum of the campaign to your advantage.

    This is the single issue for which you have never once flip-flopped. Why? It makes voters wonder.

    Mr. Romney, you are running for President of the United States.
    This is a position of Trust.
    Ronald Reagan said, “Trust but Verify.”
    Mr. Romney has said, “Trust me,” re his tax returns.
    It is not unreasonable for voters to want to “Verify.

    The longer you delay, Mr. Romney, the more suspicious it appears.

    Obama released 8 years of tax returns
    GW Bush 10 years
    Clinton 12 years
    GHW Bush 14 years
    George Romney 12 years.

    What is the problem, Mr. Romney? Release your tax returns.

  5. Rich K on 21/21/12 at 7:06 pm

    Isn’t there a pathology that describes what the MSM is going through in trying to prop up this sad sack of an administration? Uberstupididiotism or something?

  6. hutch1200 on 22/22/12 at 5:20 am

    The same day barrys records/transcripts, that he spent millions burying, are released suits me just fine.

  7. Blue Hen on 22/22/12 at 11:12 am

    DGarr on 21/21/12 at 6:42 pm

    Release the tax returns that we *really* want to see, 2005-2009, Mr. Romney.

    you are running for President of the United States.
    This is a position of Trust. (like shovel ready jackass?)

    translation: I’m a lying sack of shit that makes demands on a guy who dares oppose my dear leader.

    And suddenly Dubya and Ronnie raygun are rehabilitated, for the purpose of a weapon. Otherwise, you hate their guts. Since both were so eeeeeeeeevvvvvvvviiiiillll, then why should the magic mormon emulate them idiot?

    And when will Moooochelle explain he 300K job that went bye-bye when they packed up for DC?

    Have JEF explain what a “spontaneous mortar barrage” is. People died in the middle of that. No one died in the tax accountant’s office. Until then, fuck off.