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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo Mitt admits paying "at least 13%" for the last 10 years; as to jobs axed on his watch,
what rate will he admit to?
And more importantly, if trickle down is economic fact, how do his stats square with trickle down?
>>GREER, S.C. — Republican presidential candidate Mitt Romney said Thursday that he has paid a tax rate of at least 13 percent on his income in each of the last 10 years, offering his fullest explanation to date of his tax status.
“I did go back and look at my taxes and over the past 10 years I never paid less than 13 percent. I think the most recent year is 13.6 or something like that. So I paid taxes every single year,” he told reporters Thursday...<<
http://www.washingtonpost.com/politics/romney-says-he-paid-at-least-13-percent-in-taxes-for-past-10-years/2012/08/16/bf4b5944-e7be-11e1-8487-64e4b2a79ba8_story.html
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madrchsod
(58,162 posts)wow he really is out of touch with reality.
it`s a good thing his dad is`t alive. he`d wonder what he did wrong while raising his son...
julian09
(1,435 posts)money earned on money.
maxsolomon
(33,400 posts)I paid twice that rate on 1/1000th the income, but that's cool. He worked 1000x harder than I did.
Ruby the Liberal
(26,219 posts)Admits is a bit of a stretch for that one.
uponit7771
(90,364 posts)closeupready
(29,503 posts)nt
HiPointDem
(20,729 posts)DefenseLawyer
(11,101 posts)If he took stock losses to offset his capital gains "income" his taxable income could have been very low or even zero. 13% of zero is still zero.
julian09
(1,435 posts)DefenseLawyer
(11,101 posts)Mitt couldn't abide by that. Most if not all of his income was from capital gains, offset by whatever losses and tax shelters he used to lower his taxable income.
Igel
(35,356 posts)If not, then it's effective rate. Esp. when you start quibbling--as he and his do--over whether it's 13.6 or 13.9%.
There's no income tax rate on $0.
DefenseLawyer
(11,101 posts)He's still not saying what losses he had to offset gains.
