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In reply to the discussion: Harry Reid: Bain Investor Told Me That Mitt Romney 'Didn't Pay Any Taxes For 10 Years' [View all]DallasNE
(7,404 posts)13. Also, Romney Was Able To Pass On To His Kids Another $100 Million Tax-Free
And for tax purposes Romney still pays the taxes on the earnings from that trust fund, as I understand it. In 2010 Romney reported nearly $22 million in income. That would mean that he was averaging 10% on his portfolio if he was worth $220 million. Then his estimate for 2011 had him with similar income. Generally, things that are tax sheltered earn much less than things without a tax shelter. In other words, it would normally take about $600 million in investiments to earn what Romney is reporting as income for tax purposes.
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Harry Reid: Bain Investor Told Me That Mitt Romney 'Didn't Pay Any Taxes For 10 Years' [View all]
kpete
Jul 2012
OP
But the fact that the issues has been out there since July 12 or so and the response non-existent
skip fox
Aug 2012
#53
I am soooo hoping this is true... but cannot understand how it could be. Did Romney honestly think
AzDar
Jul 2012
#5
"Gricean maxims' - I had to look it up and still am not sure I understand
coalition_unwilling
Jul 2012
#30