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DonViejo

(60,536 posts)
Fri Sep 21, 2012, 03:17 PM Sep 2012

Romney Artificially Inflated 2011 Taxes After Decrying The Idea

Source: TPM

Mitt Romney's trustee said in a campaign press release that Romney artificially inflated his own effective tax rate so it would remain above 13 percent by deferring $1.75 million in charitable deductions. Romney had previously said that none of his last decade of tax returns dipped below that 13 percent threshold.

In an interview with ABC News in July, however, Romney dismissed the idea that he would ever pay more taxes than legally owed, saying if he did so he wouldn't be "qualified" to be president.

"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," Romney said. "I'd think people would want me to follow the law and pay only what the tax code requires."

Read more: http://livewire.talkingpointsmemo.com/entry/romney-artificially-inflated-2011-taxes-after-decrying-idea

18 replies = new reply since forum marked as read
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Romney Artificially Inflated 2011 Taxes After Decrying The Idea (Original Post) DonViejo Sep 2012 OP
Holy mitt-deferrals, mittman! truthisfreedom Sep 2012 #1
But he's willing to demean 47% of the population who pay 'what the tax code requires'. sinkingfeeling Sep 2012 #2
Very well put!! beac Sep 2012 #5
OMG Liberalynn Sep 2012 #8
Bingo DirkGently Sep 2012 #15
Idea for a new TV series: Everybody Hates Mitt. nolabear Sep 2012 #3
Romney is poison jonesgirl Sep 2012 #4
This is going to be good....every desperate act of Romney turns to shit! NRaleighLiberal Sep 2012 #6
More to come..."if he did so, ..he wouldn't be "qualified" to be president." Stuart G Sep 2012 #7
Hmm Mittens and I finally agree on something! Liberalynn Sep 2012 #9
If that quote..that was just posted.... Stuart G Sep 2012 #10
He's got three years to file an Amended Return and (re)claim those "charitable" deductions. TahitiNut Sep 2012 #11
rates for wealthy will most likely go up NMlib Sep 2012 #12
He is SO full of mierde! flamingdem Sep 2012 #13
My question is nichomachus Sep 2012 #14
he didn't want to show that he "tithes" (10% of all income) to the Mormon church UpInArms Sep 2012 #16
It;s not a Win Win JohnColston Sep 2012 #17
The wheels on the bus... Sophiegirl Sep 2012 #18

beac

(9,992 posts)
5. Very well put!!
Fri Sep 21, 2012, 03:27 PM
Sep 2012

Following tax laws = OK for Mittens and millionaires but not for mooching mere mortals!


ETA:

nolabear

(41,915 posts)
3. Idea for a new TV series: Everybody Hates Mitt.
Fri Sep 21, 2012, 03:25 PM
Sep 2012

And with good reason. He's been such an outrageous, manipulative, flip-flopping tool that no one trusts him as far as they can throw that dancing horse. At this point everything he does looks bad, simply by being associated with him. And by that I mean those taxes will be gone over with a fine toothed comb and any hint of smell will be used as further proof that *gasp!* Mitt Romney is exactly what he is. UNQUALIFIED TO BE PRESIDENT.

Stuart G

(38,359 posts)
7. More to come..."if he did so, ..he wouldn't be "qualified" to be president."
Fri Sep 21, 2012, 03:51 PM
Sep 2012

should be good for a few laughs once everyone realizes what this means...

Stuart G

(38,359 posts)
10. If that quote..that was just posted....
Fri Sep 21, 2012, 04:01 PM
Sep 2012

gets wide spread coverage...it could be worse than the "47" percent quote..I didn't think this could get more ugly for Romney..
IT JUST DID.....................TERRIFIC FOR US..



TahitiNut

(71,611 posts)
11. He's got three years to file an Amended Return and (re)claim those "charitable" deductions.
Fri Sep 21, 2012, 04:46 PM
Sep 2012

If anyone thinks for even a hot nanosecond that the MittWit won't do that, I've got a bridge ...


NMlib

(34 posts)
12. rates for wealthy will most likely go up
Fri Sep 21, 2012, 05:21 PM
Sep 2012

So Mitt gets to take the deduction next year for the 1.75 million at a higher rate. If rates increase ten percent ....he saves $175 thousand. Pocket change for him but still....

How is this legal?

flamingdem

(39,303 posts)
13. He is SO full of mierde!
Fri Sep 21, 2012, 05:22 PM
Sep 2012

So he changed them to look like he pays more than the usual 9% or less, what a moran

nichomachus

(12,754 posts)
14. My question is
Fri Sep 21, 2012, 05:24 PM
Sep 2012

Did we get the long form? And I want the original, not copies. I mean he could tell us anything and how do we know he's telling the truth. He's lied about everything else.

UpInArms

(51,252 posts)
16. he didn't want to show that he "tithes" (10% of all income) to the Mormon church
Sat Sep 22, 2012, 09:51 AM
Sep 2012

so, for shit-mitt, it's a win-win

Sophiegirl

(2,338 posts)
18. The wheels on the bus...
Mon Sep 24, 2012, 08:33 PM
Sep 2012

...go round and round...round and round...all through the town.

I can't wait for the debates so I can watch Mittens strip the gears.

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