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ksoze

(2,068 posts)
Fri Sep 21, 2012, 01:57 PM Sep 2012

PWC letter covering the Romneys’ tax filings over 20 years, from 1990 – 2009

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.


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

www.mittromney.com/disclosure.
11 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
PWC letter covering the Romneys’ tax filings over 20 years, from 1990 – 2009 (Original Post) ksoze Sep 2012 OP
Yawn. Prove it. titaniumsalute Sep 2012 #1
Made money off laundering drug money through his foreign accounts Angry Dragon Sep 2012 #4
Now lets see those tax returns, just like his father did Angry Dragon Sep 2012 #2
not good enough Fresh_Start Sep 2012 #3
So Sophiegirl Sep 2012 #5
Over a 20-year period? Jeff In Milwaukee Sep 2012 #6
LOL, "He paid taxes, trust me" doesn't work, won't work... Spazito Sep 2012 #7
We gotta see the long forms n/t HereSince1628 Sep 2012 #8
What net income did he declare each of those years? yardwork Sep 2012 #9
39% of total AGI -- since when you do get to lump charitable donations with taxes? MariaM83 Sep 2012 #10
Long forms. Long forms. Long forms. Long forms. Long forms. Long forms. Long forms. Gold Metal Flake Sep 2012 #11

Fresh_Start

(11,330 posts)
3. not good enough
Fri Sep 21, 2012, 02:00 PM
Sep 2012

we need to see the tax returns
after all it was PWC that managed to help him get a multimillion IRA while I'm limited to a few thousand a year.

Sophiegirl

(2,338 posts)
5. So
Fri Sep 21, 2012, 02:01 PM
Sep 2012

I could write a letter insisting that the sky is red because its made if fire, the ocean is yellow from all that fish pee and moon REALLY is made of cheese.

Jeff In Milwaukee

(13,992 posts)
6. Over a 20-year period?
Fri Sep 21, 2012, 02:04 PM
Sep 2012

That just means that there's a year or two in there that must be massively embarrassing. They need the other years to make it average out.

Spazito

(50,429 posts)
7. LOL, "He paid taxes, trust me" doesn't work, won't work...
Fri Sep 21, 2012, 02:04 PM
Sep 2012

Beyond stupid ploy, imo. Makes it worse for Romney not better.

MariaM83

(233 posts)
10. 39% of total AGI -- since when you do get to lump charitable donations with taxes?
Fri Sep 21, 2012, 02:10 PM
Sep 2012

Sorry, but 14% is still way lower than what the vast majority of middle-class earners pay.

And they don't have holdings in Bermuda, the Cayman Islands, and Switzerland.

Gold Metal Flake

(13,805 posts)
11. Long forms. Long forms. Long forms. Long forms. Long forms. Long forms. Long forms.
Fri Sep 21, 2012, 02:24 PM
Sep 2012

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