Mitt Romney releases tax return...

[Francisco]

2011 salary: ~$13.9m
2011 taxes: ~$1.9m

Tax Rate: 14.1%

Source: AP

I'm not positive, but I'm pretty sure that's lower "than it should be", and might explain why he was so reluctant to release them up until this point...

[Demosthenes11]

tax return. singular. As in one. Last year's when he was already running for president. He had already released part of it.

This literally means nothing and is likely a dodge because people are retarded so they might say "wait I thought he did release his tax returns" when people bring this up down the road

[Dantrag]

Didn't he already release 2 years worth 2010 and 2011?

[Weeks]

The tax returns are a total non-issue because the size of his disclosed retirement accounts already proves beyond a shadow of a doubt that he's a tax cheat.

[Demosthenes11]

The tax returns are a total non-issue because the size of his disclosed retirement accounts already proves beyond a shadow of a doubt that he's a tax cheat.

I feel like I'm missing something here. That IRA you are talking about has like 90m+ in it correct? And you can only legally contribute something like 10k a year to it. How is that not cause for immediate action from the IRS?

[Weeks]

Because the IRS is prohibited expressly from calling bullshit on the estimates of those assets value when they're placed into the account to shield them from taxation. Its really no different from me insisting that every thousand dollars of my income has a value of three cents, except that I haven't curried enough favor with congress to convince them to make the IRS look the other way.

[kuronosan]

2011 salary: ~$13.9m

lol

[Dimmauk]

I wish I could pay 14%

[mistmonster]

The form itself:

http://www.scribd.com/doc/106589784/...mney-2011-1040

Edit.. taxes make my head hurt just like politics...

[Athas]

I feel like I'm missing something here. That IRA you are talking about has like 90m+ in it correct? And you can only legally contribute something like 10k a year to it. How is that not cause for immediate action from the IRS?

Where's the source on this? Never heard this one before.

[Weeks]

Well-reported all over the place over two months ago that his retirement accounts fall into the 21-100 million range, and that the most plausible explanation that doesn't involve tax evasion is that Romney is a 4000 year old vampire who got in very early on the retirement savings craze.

[Acevalefor]

I thought Republican and greedy cheat were one in the same. Why is everyone so surprised that this guy is shady? Republican politician says it all.

Haven't figured out the democratic equivalent of this yet...Maybe not-as-greedy liar/say one thing, do another?

[Kerberoz]

I thought Republican and greedy cheat were one in the same. Why is everyone so surprised that this guy is shady?

Who's surprised? Most either expected it or will ignore it.

[Stumblingdrunk]

2011 salary: ~$13.9m
2011 taxes: ~$1.9m

Tax Rate: 14.1%

Source: AP

I'm not positive, but I'm pretty sure that's lower "than it should be", and might explain why he was so reluctant to release them up until this point...

It was also stated that he did not declare all of his charitable donations. Declaring all of his charitable giving would have lowered that percentage. It's good for him he just happened to pay more than he had to that year. Maybe that George romney guy was on to something.

[Blubbartron]

Any bets on how much of that massive chunk he donated to "charity" was the mormon church?

[Lucavi]

Considering the sheer amount of wealth that church has amassed, I'd say all of it.

[Ashmada]

Question is: why does he need that much money in the first place?
Why do people like that need that much money?

It's not like sportstars/actors/singers: they have high-class prostitutes, fine booze and silences to buy but he can't, since he's got to maintain a "wholesome" reputation... so what can he spend all that on?

[kuronosan]

Question is: why does he need that much money in the first place?
Why do people like that need that much money?

It's not like sportstars/actors/singers: they have high-class prostitutes, fine booze and silences to buy but he can't, since he's got to maintain a "wholesome" reputation... so what can he spend all that on?

Uh, lobbying?

[ronin sparthos]

Question is: why does he need that much money in the first place?
Why do people like that need that much money?

It's not like sportstars/actors/singers: they have high-class prostitutes, fine booze and silences to buy but he can't, since he's got to maintain a "wholesome" reputation... so what can he spend all that on?

You know the answer to this is going to be:

He earned it and thus it's his to do with. Fair enough.

The problem starts when tax cuts for the rich come on the backs of the poor.

[Kerberoz]

Question is: why does he need that much money in the first place?
Why do people like that need that much money?

Mormons have to buy their way into heaven with these:


Also, they have magic underwear.