Romney Releasing 2011 Taxes At 3 PM, ‘Summary’ Of 1990-2009 Returns

[Botany]

Source: TPM

Mitt Romney will release a copy of his 2011 tax returns at 3 PM Friday as well as a summary of his tax rates -- but not, as requested by Democrats, copies of his actual returns -- for the years 1990 - 2009.

According to the campaign, Romney paid a 14.1% tax rate. Pushing back against speculation from Democrats, most notably Sen. Harry Reid (D-NV), that he paid little to no taxes at some point in his career, Romney's campaign now claims the lowest effective rate he ever paid was 13.66% and that the average across the 20 year period 20.20%.

Read more: http://livewire.talkingpointsmemo.com/entry/romney-releasing-2011-taxes-at-3-pm-summary

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[unblock]

1. would bain buy a business based on unaudited financials?

"yeah, everything's kosher! what? details? you don't get details! i just said everything's kosher!"

[DURHAM D]

2. I guess it took them this long to falsify the info.

[Botany]

8. Stop it.

Mitt is going to release "a summery" of his tax rates ...... no need to release
all the "other stuff."

[Hutzpa]

22. Yeah! This is hard

why don't you try getting in the ring.

[wordpix]

53. it's hard werk, just like Georgie Boy said

[yardwork]

3. A summary of his tax rates doesn't tell us anything. How much income did he declare each year?

Suppose he says that he paid 15% tax rate each year. 15% of what? If he's hidden most of his "income" by whittling it down to nothing using tax loopholes, bogus "expenses," and other tax dodges, then he's still paying very little in taxes.

Suppose Romney's declared income for 2010 was $10,000.

[progressivebydesign]

13. Wonder if the IRS would allow us to file a "summary" of our tax info next year??? n/t

[yardwork]

20. Yeah, I'll just summarize. Lessee, net income = $5,000. That's the ticket!

[get the red out]

28. +1

Absolutely. And he's releasing on a Friday too.

[dipsydoodle]

4. In terms of tax paid - old saying. .......

Half of nothing is bollocks.

[luvspeas]

5. I am feeling like this is just more steam for the loser train that is Mitt Romney...

Where the hell are the God Damned returns!

[Botany]

12. bingo!

the chairman of his campaign committee has quit, his VEEP pick is now spending money to save
his own congressional seat, and other republicans are running from him PDQ.

[wordpix]

54. +1000, this is not going to quiet us down! Show us the returns, Tax Dodge Mitt!

[The Blue Flower]

6. Too little too late

I'm enjoying the smell of desperation, though. I don't remember ever being as entertained or cheered by anything other than my kids over the course of the last couple of weeks.

[cstanleytech]

7. I think hes trying to distract people from the video that got released LOL

Its funny because hes counting one thing that was hurting him politically to save his bacon from another thing thats hurting him even worse.

[silvershadow]

34. The tax issue is only his second-most damaging problem? Who knew? n/t

[cstanleytech]

35. Compared to that video? To borrow from Sarah Palin "You betcha!"

[unblock]

9. 13.66%! most of us pay more than that in payroll taxes alone!

counting both the employee and employer share, that is, for a total of 15.3%, up to the cap.

someone making about $1 million/year is paying about 4% in payroll taxes because of the cap on social security taxes.

during this period, rmoney might not have even had that, because it's possible that ALL of his income, at least in some years, came from dividends and capital gains rather than labor income, meaning NONE of it faced payroll taxes.

[polichick]

10. "Summary" - that conveniently leaves out a lot of details.

[progressivebydesign]

11. Summary = BULLSHIT!! And 2011? also BULLSHIT as he's been working on them all this time

God. what a crave liar and cheat that man is. Where the fuck are the ENTIRE FUCKING returns??????

Is this his game changer?? lol

[tanyev]

49. Kind of like Palin's note from her doctor in lieu of actual medical records.

[GreenTea]

14. A summary doesn't mean shit - they can leave out what they choose!

Show us your full tax returns Mitt - What are you hiding?

[Harriety]

15. Oh hissy boo boo.... What's up with that nonsense? Candidate Romney is such a joke.

[SoapBox]

16. The old saying...The Devil is in the Details!

...and since they are only releasing a "summary" of taxes for past filings...ya can't help but wonder still, what are you HIDING Mittens?

Those "charitable" donations? Are those the FORCED and REQUIRED "donations" that the Mormons REQUIRE of their members???????

Now I have even more questions than before.

[global1]

17. Bogus - A Summary Is Not Acceptable.....

Once a weasel - always a weasel. This should not be tolerated. This should open up even more questions as to why he won't release the actual forms versus just a summary. What are you hiding Mr. Rmoney?

[liberal N proud]

18. Guess they got all the embarrassing or criminal stuff scrubbed.

[dlauthor]

19. Summaries, huh?

RELEASE THE LONG-FORM TAX RETURNS!

[renate]

43. nice!

And welcome to DU!

[PD Turk]

48. Haha

[cbdo2007]

21. Ok....then next week it will be Reid's turn....

[LynneSin]

23. This is another dumbass move from the Romney campaign

He thinks the problem is solved showing a summary. To me that just says he really is hiding something. He would be better off just not showing anything.

And yes some freeper types try to equate this with the birth certificate situation that Obama had 4 years ago. But remember this - when asked Obama released the OFFICIAL birth certificate issued by the state of Hawaii. The long form is not the official birth certificate but when the freepers realized they had nothing it was the only way to keep the damn freeper issue alive.

http://en.wikipedia.org/wiki/Barack_Obama_citizenship_conspiracy_theories

[wordpix]

55. Definitely he's hiding all his tax info. Asshat.

[Maeve]

24. Oh, I love it!!! Mitt is, by HIS OWN LOGIC, disqualified for the presidency!!!!

Remember this? "...frankly if I had paid more than are legally due I don’t think I’d be qualified to become president." and yet he did not claim some of his 'charity" in 2011 so he would pay more taxes and not fall below the 13% level previously set!

The man can't lie straight--he can't even tell the truth straight.

[SoapBox]

25. as Tamron Hall pointed out a bit ago...also releasing this late on a Friday

when it will attrack less attention.

Well Mittens...brace yourself for Monday morning!

[AngryOldDem]

27. This doesn't qualify as a Friday news dump story.

You'd think his campaign would realize that.

[AngryOldDem]

26. More incompetence from Romney.

I guess these documents just got back from the dry cleaners.

Bring 'em on.

[kestrel91316]

29. Completely bogus, fake summary.

[appleannie1]

30. I can imagine what the IRS would do if people filed summaries instead of proof.

[rtracey]

31. So

So 5 months after the April deadline, you claim 13% tax rate. Something smells here, especially when he had all this time to "shape" his taxes to fit what he wants them to look like. I would not trust any of these statements, show the full forms, not summaries....He is lying about this because I believe in several of his actual tax forms he shows he was not a Massachusetts resident and was not legal to become governor.

[Robb]

32. Summary = Something To Hide.

[KamaAina]

33. A "summary"?

That's not going to tell us whether he misreported his management fees as a Bain partner as capital gains (15% tax rate vs. 35%). Or how much $$$ he's stashed overseas. It'll look like this:

[msedano]

36. Nixon and the Watergate tapes

Piecemeal. First Nixon sat before the teevee cameras with 3-ring binders with the presidential seal, telling the nation, "this is all the tapes". A few days later, he had to release the tapes themselves. Then the nation heard the conspiracy unfold from the oval office. Haldeman, Erlichman, the top 2 guys in the White House went to jail for it. Along with Dean, who fingered the whole deal.

So today we have Romney's 3-ring binders...

[murielm99]

50. Wasn't that also the day he said,

"I am not a crook." I think it was at that same news conference.

I remember sitting there laughing.

[msedano]

52. "I am not a crook" was a Florida speech

the 3-ring binders came with the seriousness of the Oval Office in the background.

I'm waiting for after the election to hear Mitt cry "you won't have Mitt Romney to kick around anymore."

[barbtries]

37. yep and we should believe

his summaries? i don't think so. show us the filed returns.

[2Design]

38. Moocher off the system - takes more than he gives

[liberal N proud]

39. Looks like "You People" are going to get more!

Fuck you Ann Romney arrogance is not becoming.

[valerief]

40. So the IRS accepts summaries now? nt

[7worldtrade]

41. Castellanos NOT IMPRESSED/Politico

Castellanos on tax summary: Is this a joke?
By MAGGIE HABERMAN | 9/21/12 2:33 PM EDT
Alex Castellanos, the former Mitt Romney strategist from 2008 who has alternately been critical and praising of the current campaign, left no doubt where he stands on the decision to release a summary of the candidate's tax rates over 20 years.

"At first I thought this was an April Fool's Joke," said Castellanos, who tweeted something to that effect at me earlier. "But it isn't April. I can't imagine that David Axelrod will now say, I'm glad Mitt put this issue behind him. This will drag Mitt's taxes back into the debate. And there's not many days left. I just can't imagine why they would do this. There are 40 days left and you have now made more of them about Mitt's taxes....you don't serve a life sentence and then confess afterward. They've taken their beating on this (already) ... I just don't understand how a (being) 'little pregnant' strategy (works)."

Other Republican operatives have emailed in with a similar reaction - that the summary is going to revive, instead of settle, questions on an issue where what had seemed to be the worst was already behind Romney.

[rocktivity]

42. Not good enough.

Besides, he might put be out of business:

http://www.democraticunderground.com/1120150


rocktivity

[fun n serious]

44. Charity?

I don't believe he gave t hat much to charity. He is not a charitable person. He may have gave that much to special interest groups but not to people who need it.

[fun n serious]

45. I call for an IRS audit! n/t

[Panasonic]

46. Full IRS audit is required.

I don't buy any of Rmoney's claims or taxes.

IRS needs to audit and examine every piece of Rmoney's claim.

If it's deemed to be fraudulent, then seize all of Rmoney's assets and file liens on the offshore accounts.

Then arrest Rmoney for tax evasion.

[fun n serious]

51. Thank you.

Thats exactly what needs to happen and.. It may not help but I am e-mailing IRS today.

[nanabugg]

47. Sorry, a summary just will not do. If this is all he is going to release he could have done it

sooner. But no doubt they needed more time to fix the data.