Romney: I Have Never Paid Less Than 13 Percent in Taxes in Past Decade
- Posted on August 16, 2012 at 8:18pm by
Jason Howerton
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Republican presidential candidate, former Massachusetts Gov. Mitt Romney leaves after a news conference at Spartanburg International Airport, Thursday, Aug. 16, 2012, in Greer, S.C. (AP)
(TheBlaze/AP) — Republican presidential contender Mitt Romney declared Thursday he has paid at least 13 percent of his income in federal taxes every year for the past decade, offering that new detail while still decrying a “small-minded” fascination over returns he will not release. President Barack Obama’s campaign shot back in doubt: “Prove it.”
Campaigning separately, Romney and running mate Paul Ryan also scrambled to explain their views on overhauling Medicare, the health care program relied on by millions of seniors.
Romney, the former company CEO, set up a whiteboard to make his case with a marker, while lawmaker Ryan resorted to congressional process language to explain why his budget plan includes the same $700 billion Medicare cut that he and Romney are assailing Obama for endorsing.
Essentially, Ryan said, he had to do it because Obama did it first.
Politically, both topics tie into major elements of the presidential race less than three months before the election: how well the candidates relate to the daily concerns and to the life circumstances of typical voters. Democrats are using the tax issue to raise doubts about Romney’s trustworthiness – or, as Republicans contend, to distract from a weak economic recovery under Obama.
Romney’s comments in South Carolina – at a news conference designed to focus on Medicare – showed that he remains sensitive to criticism of his tax payments but still is determined to release no more than two years of records to prove a point.
Senate Majority Leader Harry Reid (Photo: AP)
Meanwhile, the Obama campaign has aired an ad, without evidence, raises the prospect that Romney paid no taxes some years. The unproven claim came first from Senate Majority Leader Harry Reid, D-Nev., who is claiming, also without proof, than an “anonymous source” told him that Romney had not paid taxes for a decade.
“I did go back and look at my taxes and over the past 10 years and I never paid less than 13 percent,” Romney told reporters after he landed in South Carolina for a fundraising event. “I think the most recent year is 13.6 or something like that. So I paid taxes every single year.”
Aides later said Romney meant to say 13.9 percent, the amount he already disclosed for his 2010 federal return.
On average, middle income families, those making from $50,000 to $75,000 a year, pay 12.8 percent of their income in federal taxes, according to the nonpartisan Joint Committee on Taxation. In 2010 and 2011, Romney made about $21 million a year.
Romney is able to keep his tax rate low because most of his income is from investments, which are generally taxed at a lower rate than wages. That type of legal tax figuring is something Obama has proposed changing, although his campaign notably said nothing about Romney’s self-described tax rate itself.
Instead, the campaign targeted only Romney’s truthfulness, refusing to accept his answer and pressuring him to release years of earlier tax returns.
“Prove it,” said Obama spokeswoman Lis Smith. “Given Mitt Romney’s secrecy about his returns, coupled with the revelations in just the one return we have seen to date and the inconsistencies between this one return and his other financial disclosures, he has forfeited the right to have us take him just at his word.”
Reid’s office said much the same. Romney demanded that Reid “put up” the name of his anonymous source.
“Given the challenges that America faces – 23 million people out of work, Iran about to become nuclear, one out of six Americans in poverty – the fascination with taxes I’ve paid I find to be very small-minded,” Romney said.
Obama and Vice President Joe Biden have released their returns for the years since 2000. The Obamas paid 20.5 percent in federal income taxes in 2011.
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RAMJR
Posted on August 18, 2012 at 12:20pmFor all the name calling and tax records calling for, Harry Reid makes his own facts and records questionable. Even connections to organized crime. Those that usually push the hardest, for something the IRS would have sent Romney to jail for, may be the ones we should be looking at.
Report Post »( http://www.nationalreview.com/articles/314025/how-did-harry-reid-get-rich-betsy-woodruff )
Snipers View
Posted on August 17, 2012 at 4:00pm13%!!! That means Romney is about as American as Obama is. The average American is too dumbed down and brainwashed to do the math. People are drunk with the American paradigm and they will not wake up until they reach bottom. We are in need of an intervention, we keep going back to the same bottle, the same drug that got us here in the first place, it is tantamount to suicide! Our government is ceremonial at best, it’s all pageantry and they want us all to be mere spectators. There is no nation state left, you and I (AND OUR GOVERNMENT) all work for foreign bankers. If you are fixed in your ideology you are beyond help.
Report Post »needmoinfo
Posted on August 17, 2012 at 1:11pmRomney doesn’t legally have to turn over more tax records. Besides the IRS isn’t taking issue with his filings. If he does cave in the Obama’s bullying it will just paint him as a loser and Obama the alpha dog. Romney looks better just saying no. More authorative. Keep pounding on the economy. Replay all those old tapes of Obama lies.
Report Post »People have a short attention span. They want the news not the olds. Tax issue boring now.
Wango
Posted on August 17, 2012 at 6:38pmthe IRS isn’t taking issue with his filings
How do you know that? You don’t know that.
Report Post »Jenny Lind
Posted on August 17, 2012 at 11:59amIf Mitt is anything like me, when some one challages me to tell them something that is none of their business, my first response is why do you want to know? Then my second is that is none of your business. There is nowhere in our laws that a candidate has to show them any as far as I know. Custom is one thing, law is another. Obama has used that well in his so-called transparent presidency, and I do not give a rip what Romney paid. I look at his charitable giving as much more indicitive of what kind of person he is. If I am wrong on the law part, please correct me.
Report Post »jujubeebee
Posted on August 17, 2012 at 12:06pmWhen someone asks you an impropriate question just say “I knew a man in Chicago that made a million dollars minding his own business”. it will put them off and puzzle them. It works every time. They drop the question.
Report Post »Man-On-A-Mission
Posted on August 17, 2012 at 1:00pmThis man is running for one of the most powerful positions in the World…..the American people have a right to know if he’s honest. I believe releasing ones tax returns is one way to show this.
He think he’s better than every Presidential Candidate that ever ran….Just like an elitist….It’s none of you common folks business……He’s hiding something…If not prove it and release your returns. No one can take your word on it.
Report Post »jujubeebee
Posted on August 17, 2012 at 11:58amThe dems just want to keep up the “I double dare you” banter. Saying he paid 13% and 20% if you add charitable contributions is enough said. I would not let them get into this discussion. There are more important issues to most Americans than how much Romney paid on his taxing and proving it. We have real questions about obamacare, medicare, jobs, the economy that affect our lives personally. His taxes do not affect me personally. This is a distraction and if the Dems want to keep it up….let them! The American people will get sick and tired of this talk~even democrats and independents! Let them hang themselves on their own talking points! I have heard enough!
Report Post »You don‘t hear Romney lowering the talking points to Obama’s social security number (from state he never lived in), college papers (spent millions to have sealed), or why his law license was suspended (he lied on application). What is the point? We are stuck with Obama till November any way. Dragging up what a liar he is now is not productive. Americans want to focus on issues that affect them personally. Yes, it is a distraction but I truly believe that even the most stupid person can see that! Let them hang themselves on their double dog dare ya banter.
lisa2994
Posted on August 17, 2012 at 11:40am@Soybomb315_II
Report Post »President Obama owns the media.. So who is to say we would ever get the full truth if he does release them?
soybomb315_II
Posted on August 17, 2012 at 8:59pmthere is a saying in politics that goes something like this…
“if you dont provide the details, your opponent will”
I think Mitt stands a better chance if he is in the driver seat
Report Post »lisa2994
Posted on August 17, 2012 at 11:38am@NoNannyState4me
Report Post »With all due respect seeing a few words in a video is not enough for me to not vote for Romney! It is all in the context of words. Show me the entire interview and I will believe.
EndTheGOPTEA
Posted on August 17, 2012 at 8:55amLies.. Prove it. Now that he has told us, why is it we still don’t see it? Logic people!! Lies.
I have watched him flip flop more than anyone in years, No Trust in him at all..
Report Post »chillygirl
Posted on August 17, 2012 at 9:10amWhy is it that Romney needs to prove it, but we‘re just supposed to take Obama’s word for it?
Report Post »EqualJustice
Posted on August 17, 2012 at 9:31amCast LOGIC to the wind. You are talking about OBAMA here. They will knit pick every line and take ONE thing out of context, hoping to hurt him with it. Look what they have MADE UP even without them? Why should he hand them MORE? They lie and cheat and screw them, I say. Romney has made a lot of money and he has paid PLENTY of taxes. Even when he doesn’t work or have an income n a year, he STILL pays the 13-15% “Investment” tax on his own money just sitting there! He gives more to charity than any other “progressive” big mouth on Obama’s team! ENOUGH with the digging up DIRT! Try DEBATING the losing policies of this administration and the destruction of our country!
Report Post »Individualism
Posted on August 17, 2012 at 10:08amthis is important like Obamas birth certificate.
Report Post »Man-On-A-Mission
Posted on August 17, 2012 at 1:02pmPresident Obama released 8 years of tax returns….why is Romney so special not too?????
Report Post »EndTheGOPTEA
Posted on August 17, 2012 at 8:48amPROVE IT!!!
Report Post »I don’t want 8 years of BS from this guy… So far I get NOTHING but BS and more BS.. They “have not crunched the numbers yet”… Really?
I expect to have the same Taxes released as the other applicants.. He is the guy I interview for a job who shows up without a tie… I don’t give him a second look.
Choctaw25
Posted on August 17, 2012 at 9:06amOpen letter to all Liberals; Kindly, without prejudice, with a warm cuddly blanket, please GO F*** Yourselves, until Barry releases his college transcripts.
Report Post »Nowhere, Nowhere has anyone been able to find a fellow classmate of Barry’s.
Harry Reid is a lying sack of excrement and the entire world knows it.
Other than that, I really don’t have an opinion on the matter.
I‘ve been poor and now I’m rich. I like RICH a whole lot better. Yes, I did build this business, so go suck lemons, loser.
chillygirl
Posted on August 17, 2012 at 8:21amNote to Mitt’s campaign: Ask for Obama to release his college records so we can all see that he went to college in the United States registered as a FOREIGN STUDENT!
Report Post »Man-On-A-Mission
Posted on August 17, 2012 at 1:05pmYou do not make it to the top of your class without great grades so there is nothing there….Let’s see how much more money Romney is hiding from the IRS and the American tax payers like me making 64K a year with a stay home wife and 4 kids. I’m taxed at over 20 something percent.
He’s hiding something…if not show us.
Report Post »soybomb315_II
Posted on August 17, 2012 at 7:28amIf Mitt has not paid less than 13%, then there is no downside to releasing the tax returns. Then we could move on to more important things….
Report Post »jskol
Posted on August 17, 2012 at 7:24amMy wife and I are in the 28% tax bracket, with deductions our effective tax rate is 8.8%’
Report Post »So 13%. Is a lot more than we pay. The statement that the secretary pays more than the boss Buffett, is not really true. When demrocratics speak you are hearing a lie.
soybomb315_II
Posted on August 17, 2012 at 7:33amRomney’s base tax rate is around 15% (capital gains). With all his deductions, tax credits, loopholes – i would be shocked if he pays 13%. Typically, when someone like Romney has a complicated tax return, the goal is about half the base tax rate – so Romney’s effective rate should be 7.5%ish – if it is higher than that, his tax accountants are not very good
Report Post »poorrichard09
Posted on August 17, 2012 at 7:59amWhat Romney’s talking about is called “the effective tax rate” ie: income after all deductions are made.
Report Post »Teaparty-grammy
Posted on August 17, 2012 at 1:40amPersonally I wish Romney would WISE UP and quit playing along with the Democrats game. They are talking PERCENTAGES because that minimizes the amount of taxes he pays and makes it seem like he paid little or nothing for their lying ads.
Listen up, Sheeple — 13.6% of $20 million is a HELL of a lot of money. You won‘t hear the Great Eared One’s minions talking about how Romney paid $2.7 MILLION in taxes every one of those years,not to mention giving 20% of his income to charity. (How much did Barry and Moochelle Antoinette give to charity last year, hmm? Maybe if they’d given more to charity, they would not have paid 20% in taxes. I expect that is what they are really PO’d about.)
What I don‘t understand is why Romney is doing the Democrat’s work for them by going along with this PERCENTAGE BS? He should be stating the AMOUNT he paid, not the PERCENTAGE. Playing along with that PERCENTAGE crap only gives them more ammunition to use against him.
Personally, I know that the “percentage” paid by Romney and others in his tax bracket is going to equal a LOT more money than what I pay, percentages aside, so I am not going to lose sleep over how they are not paying “enough”. How much is “enough”, according to the Democrats? Probably a Lot of YOURS, but not much of THEIRS, if they have their way. If you don’t like the “loopholes”, then demand a change to the tax laws. You think rich Democrats don’t use tax law loopholes to minimize what they pay?
Report Post »Man-On-A-Mission
Posted on August 17, 2012 at 1:13pmI do not want to hear about how much he pays….his paying 13 percent on 20 million dollars is more affordable than me paying over 20% of my 64k a year.
What ever. I would gladly pay over 20% in taxes if I was bringing home 20 million dollars.
Report Post »Verceofreason
Posted on August 17, 2012 at 1:04amRomney lies about his state of residence.
Report Post »Romney lies about when he left Bain
Romney lies about WHICH taxes he paid “lots and lots of”
His whole life has revolved around TAX avoidance.”
Choctaw25
Posted on August 17, 2012 at 9:10amBarry is a LIE and a fabrication of the leftist liberals, we all know it.
Report Post »Apo
Posted on August 17, 2012 at 9:40amTax avoidance isn’t lying. If you don’t want your money going to the federal government then you can donate it to causes you believe in – to causes that operate much more efficiently than your good old Uncle Sam — effectively lowering your taxable wages. It’s built into our tax code. So you can replace “he’s only paid %13 taxes for the past 10 years“ every time you open your filthy suck hole and say ”he’s paid his legal requirement for the past 10 years” and you lib‘s don’t sound like confused school children.
Report Post »flanny
Posted on August 17, 2012 at 10:35amVERCEOFREASON,
Report Post »You really do not know what you are talking about. You are what the left is counting on. If the left says it you believe it. All that you have said is part of the left lies. Wake up!
Man-On-A-Mission
Posted on August 17, 2012 at 1:16pmI agree….we do not even know what he stands for because he flip-flops so much.
Oh…I know what he’s stands for…..NOTHING!!!!!!!!!
Report Post »Bearwolf
Posted on August 17, 2012 at 12:47amIf you care about Romney’s taxes you are an idiot. Anyone think that the IRS (currently directed by Obama presidency) has turned a blind eye to Romney’s taxes? They know how much he has paid and it is their job to investigate tax fraud. The only reason the Obama campaign wants his taxes public is so they can play more of their class warfare games. If I’m Romney I openly say screw you to all those people demanding his tax returns. This “fair share” stuff is bull crap and does nothing but create class divisions and envy. How is someone else’s success keeping you from being successful and making all the money you can?. This is the land of equal opportunity not equal stuff.
Report Post »Libertyluvnmomma
Posted on August 17, 2012 at 12:24am“THEREALCONSERVATIVE” is a naive little political baby who thinks that the white stuff of the romney campaign is really breastmilk.
Report Post »All he can do is call the voice of dissent..Ron Paul Supporters. Shocking,I know. ZZzzzzzzzzzzzzz
Romney is just making the same NWO promises allowed by the FED who owns these guys.
Think I’m kidding? Romney just hones economics. His political strategist ( paid major bucks mind you) tells him to stick to J-O_B-S..and obamacare. good for the FED, bad for us.
and I ‘m not voting Ron Paul. I’m voting Jesus of Nazareth.
DLV
Posted on August 19, 2012 at 11:58amJesus usn’t on the ballot unfortunately.
Report Post »TADTAD
Posted on August 17, 2012 at 12:05amGod only asks for 10%. Why on Earth should any American have to pay more than what even my Creator asks for? Good for Romney. That shows me he’s on top of watching the bucks. Isn’t that one of our pursuits? Mitt, gotta tell ya, two years ago you didn’t have a chance of getting my support. Now, now you have earned it. You get 4 years to unscrew the pooch, if you don’t, you’re fired.
Report Post »Libertyluvnmomma
Posted on August 17, 2012 at 12:10amRomney legislated dead babies. you go vote for him,” Mr. way to go Romney”
Report Post »excuse me while I puke
Verceofreason
Posted on August 17, 2012 at 12:58amWhere does god ask 10%?
Report Post »My tax guy has me at 38%.
marybethelizabeth
Posted on August 16, 2012 at 10:28pmMitt Romney either is lying now or lied to his friend.
Actually he was probably bragging. It’s a perverse point of pride for rich people to say they weaseled out of their tax obligations.
America first, or Mitt Romney and his crony’s pocketbooks first.
It’s the latter that is true.
Report Post »jeff409
Posted on August 16, 2012 at 11:39pmAnd you proof of this is what? Yeah I thought so …nothing!!!
Report Post »NoNannyState4me
Posted on August 17, 2012 at 12:06amThis is proof enough. All hail the White Obama…
http://www.youtube.com/watch?v=uHSfnqho2jw
Report Post »RossPoldark
Posted on August 17, 2012 at 12:17amWho cares. Its the economy stupid.
Report Post »Man-On-A-Mission
Posted on August 17, 2012 at 1:17pmProve this guys not correct!!!!
Report Post »NHwinter
Posted on August 16, 2012 at 10:05pm“Prove it,” said Obama spokeswoman Lis Smith. “Given Mitt Romney’s secrecy about his returns,
I say – Obama, prove you are actually a lawyer and show us your transcripts. Prove to us you did not enroll as a foreign student, prove to us who paid for your education and your trips abroad, prove to us why you have a SS # that is from CT. and why from there if you were not born there. Put up or shut up.
Report Post »Verceofreason
Posted on August 17, 2012 at 1:01amRomney is done if he doesn’t produce more tax forms
Report Post »and done if he does. Of course the Romney’s are hiding plenty.
Too greedy to even spend the last decade paying a more PATRIOTIC share
to support our troops at war.Even if just for appearances sake.
flhawgrider
Posted on August 16, 2012 at 10:01pmThis idiot should just tell the press to shut up because it’s none of their business, and none of YOUR (people out there) business either. Better yet just tell the press, and you dumb ass people, that he’ll show the tax returns if Odumbass shows all of us all his school records, passport and travels, real birth certificate. Until then SHUT UP. Odumbass’s records are FAR MORE important to this country than what this guy made, and paid in taxes, 10 years ago. The jerk, Odumbass) didn’t spend 2-3 milllion dollars to hide his records from us for nothing. Now get off Rommie’s butt, and get on to some important things that we need done to safe this country, and get these commies out of here.
Report Post »Man-On-A-Mission
Posted on August 17, 2012 at 1:21pmRomney is to be an Employee for the American people and me as a Tax payer….and Boss deserve to know this information.
Remember or did you forget….We the People run this country….not Rich guys like Romney…..OH with Citizens United….I may be incorrect now….LOL
Report Post »Wyatt's Torch
Posted on August 16, 2012 at 9:47pmYAWN……………….. zzzzzzzzzzzzzzz
Report Post »JoJoStarbuck173
Posted on August 16, 2012 at 9:43pmIf Obama has nothing to hide about his past then why hasnt he released any of his college information. He and his crew of idiots want to press Romney about complete lies, yet Obama refuses to release any information relating to his past. Put up or Shut Up Obama!
Report Post »soybomb315_II
Posted on August 16, 2012 at 9:53pmyup – they both suck
Report Post »soybomb315_II
Posted on August 16, 2012 at 9:25pmi dont see why Romney is talking about it if he refuses to show his taxes….If he is telling the truth, then there is zero risk in releasing them – since he has just let the cat out of the bag
Report Post »therealconservative
Posted on August 16, 2012 at 9:40pmSo when are you going to release your tax records? I thought you Wrong Paul Followers believed in privacy? Where in the Constitution, does it require Romney or anyone else to release their tax records
Report Post »soybomb315_II
Posted on August 16, 2012 at 9:52pmAs i have told you in the past, this is a political decision. This is the most important job in the world. As i have told you before, it is not a good idea to shun transparency. Although most Americans think Romney is acting fishy, Romney refuses.
If Romney doesnt have the guts to release and explain taxes, why would you think he is going to have the courage to make spending cuts or reduce the power of the federal government? Romney’s actions seem like a continuation of Bushism. That may be great to you, but you will not win elections with that
Report Post »therealconservative
Posted on August 16, 2012 at 10:14pmLike a true liberal you duck the question so I award you the ‘Duck of the day’ award. Since you don’t have the GUTS to release YOUR tax records and its NOT in the Constitution, Shut up.
Report Post »therealconservative
Posted on August 16, 2012 at 10:19pmLike a true liberal you dodge the questions. Bravo, you‘ve won the ’Duck Of The Day’ award. Since YOU don‘t have the GUTS to release your tax records and it’s not in the Constitution requiring such release, Shut Up.
Report Post »therealconservative
Posted on August 16, 2012 at 10:20pmsorry double post
Report Post »mbriz
Posted on August 16, 2012 at 10:22pmIf you want to be prez, then you show your taxes, unless there is something to hide.
Report Post »therealconservative
Posted on August 16, 2012 at 10:36pm@mb
Show me in the Constitution, that‘s what you RP ’FOLLOWERS’ always tell everyone else.
Report Post »Maji
Posted on August 16, 2012 at 11:42pmSoy,
Report Post »if you have such authorityy,have Obama resign and the prob. is solved!
And I‘ve told you you’re full of crap if you think Obama has nothing to hide!
Let him show his hand if he wants to stay The most important leader in the world.
Libertyluvnmomma
Posted on August 17, 2012 at 12:15amTHEREALCONSERVATIVE- if you are so real why is Romney getting his free dead baby pass form a so called “conservative”? Ron Paul has the b@lls Romney never even knew about. Sure Paul can’t win. but mostly cause you are holding the GOP pole and keeping it nice and smooth.
GOP- “VOTE ROMNEY”
Report Post »THEREALCONSERVATIVE- “yes massa”
soybomb315_II
Posted on August 17, 2012 at 7:20am@thereal
Report Post »if you understood my reply, i was not saying it is a constitutional question. There are constitutional issues and then there are common sense issues. This is a common sense issue
skimmer57
Posted on August 17, 2012 at 9:58amDo the right ,do the right Mitt. Man up and for the love of God show your taxes!
Report Post »West Coast Patriot
Posted on August 17, 2012 at 12:01pmReal, I do not believe he has to show his tax returns. There is nothing in the law that says he has to. Nothing in the Constitution that says he has to. I could give a crap what the Dems want. I am OK if he does not. However, it WAS his own father that when running for the Republican nomination, released 12 years of returns AND said everyone who runs should do the same. Now, ……..that is a kicker. If he does not want to respect his dads word, then there is a reason.
Report Post »