Green Energy
- In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment income.
- The Romneys’ effective tax rate for 2011 was 14.1%.
-The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income.
-The Romneys claimed a deduction for $2.25 million of those charitable contributions. The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.
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- Study: Top 8 States That Gave Most To Charity All Red, Bottom 7 That Gave Least All Blue
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- It's Way Past Tea Party Time
The Walkaway Quote: "When the spirit of liberty, which now animates our hearts and gives success to our arms, is extinct, our numbers will accelerate our ruin and render us easier victims to tyranny."Samuel Adams, Philadelphia, August 1776 American Spectator:...
Green Energy
Romney Releases 2011 Taxes; Gave $4 Million To Charity, Paid 14.1% Effective Rate (A Rate Significantly Reduced By His Huge Donations to Charity)
From Ace
He gave 30% of his income to charity in 2011.
- The Romneys’ effective tax rate for 2011 was 14.1%.
-The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income.
-The Romneys claimed a deduction for $2.25 million of those charitable contributions. The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.
Joe Biden, by comparison, gave an average of $369 per year before people started noticing. I think he might have upped this to the low thousands, just to avoid people noting that his "heart" is not nearly as large as he claims.
You know what liberals are claiming now? That he paid too much in taxes, deliberately, to keep his effective rate up.
Go read the whole thing.
- "how Would You Feel If You Knew That Almost All Of The Money You Pay In Personal Income Tax Went To Pay Just One Bill, The Interest On The Debt?”
CNBC TodayChances are, you and millions of Americans would find that completely unacceptable and indeed they should.But that is where we may be heading.Thanks to the Fed, the interest rate paid on our national debt is at an historic low of 2.4 percent,...
- Study: Top 8 States That Gave Most To Charity All Red, Bottom 7 That Gave Least All Blue
Liberals make a lot of noise about being their brother's keeper, and taking care of the least of these, and all that, but the truth is, it's just a pose, an affectation, like those of the runway models and Hollywood actors they look up to. Red...
- No New Taxes My Ass!
From Big Government While we were all debating the cost to our liberty due to the Patient Protection and Affordable Care Act (Obamacare), we were ignoring the cost to our pockets. If there ever was a reason for bipartisan rage about this law, it...
- We've Crossed Some Strange Boundry Here. The World Has Taken A Turn For The Surreal
With the unemployment numbers that came out today, and all that portends, in what alternate reality do these REPUBLICANS live that makes them think Mr & Mrs America WANT to, let alone can much less afford to, voluntarily have additional wages withheld...
- It's Way Past Tea Party Time
The Walkaway Quote: "When the spirit of liberty, which now animates our hearts and gives success to our arms, is extinct, our numbers will accelerate our ruin and render us easier victims to tyranny."Samuel Adams, Philadelphia, August 1776 American Spectator:...