Mitt and Ann Romney paid an average effective federal tax rate of 20.2% and owed both state and federal income taxes every year over the 20-year period ending in 2009, the GOP presidential nominee’s campaign said on Friday in response to nagging questions about his tax returns. (SEE DETAILS HERE)
Brad Malt, the trustee of the Romneys’ blind trust, said in the post that the Romneys’ lowest annual effective federal personal tax rate was 13.66% over the 20-year period. The couple gave to charity an average of 13.45% of their adjusted gross income.
The total federal and state taxes owed plus the total charitable donations deducted represented 38.49% of total adjusted gross income.
Malt also said Mitt and Ann Romney paid 100% of the taxes they owed during the 20-year period covered by the PWC letter.
The disclosure comes after the Romneys filed their 2011 tax return with the IRS on Friday morning.
The couple paid $1,935,708 in taxes on $13,696,951 in income, which was “mostly” investment income. Their effective tax rate for last year was 14.1% and they donated $4,020,772 to charity, amounting to almost 30% of their income. (Fox News)
So much for the claims of the Obama Administration. Mitt Romney keeps bouncing back as a reasonable, smart self-made man who went to the same University that Barack Obama (a millionaire in his own right) did. They both went to Harvard.
If you listen long and hard to the Obama rhetoric and class welfare rant, you might forget that they sprang from the same Harvard branding.
Now, let’s see President Obama’s college records for Harvard University and Columbia College.
The MSM is not reporting on the entire Obama-transcript issue and in particular the nature of an education at Columbia College that makes transferring into the college after two years of college someplace else so incredibly difficult — and rare.
Columbia has a “core curriculum” — a set of classes that every student must take, usually in a student’s first two years. Now, because Columbia has so many required courses compared with other colleges or universities, the school actually discourages transfer students who, like the president, already have two years of college behind them:
INTERNATIONAL TRANSFER STUDENTS-
To be eligible to enroll as a transfer student at Columbia, you must have completed, or be registered for, 24 points of credit (the equivalent of one year of full-time study) at another institution. Candidates with more than four semesters of college coursework elsewhere are not encouraged to apply. Columbia’s academic requirements and institutional policies make completion of all graduation requirements in a reasonable and timely fashion unlikely. If your college or university is not in the U.S. or Canada, please consult the International Transfer Students Web page.
I predict that we’ll see that Barack Hussein Obama jr. was a ‘foreign student’ who listed his nationality as Indonesian and his religion as Muslim. I’m not claiming that he is either Indonesian or Muslim (I’ll leave that to others to discuss). What I am suggesting is that the reason that he’s gone so far as to spend two million dollars to seal these records is because they’d be embarrassing.
Will Obama make these records public? No.
Concur with ALL!
I never wanted to live in Nevada, but I'd almost be willing to move there simply to vote against Harry Reid. The guy is pure scum.
And on the flip side, Governor Mitt & Mrs. Romney have shown to have grace, honor and are everything a president and his first lady should be.
I am puzzled as to why ANYONE would believe a thing this guy said.
I won't hold my breath, Unless of course, I'm in the same room as the smelly turd.
His credibility went out the door in the first month of his presidency. It's gone down hill from there.
Odie – Harry Reid hasn't apologized yet and neither has Nancy Pelosi. What's up with that?
I think that is it exactly. We don't need to see his grades, or papers – nobody who voted for him cares, and those of us who didn't, know he is a facade. But we have a right to see header information, including his status. Columbia accepts federal dollars – it is OUR information.
It's only your information if you are a member of the mainstream media. In order to take that job and prove that you are serious about being a leftist you need to undergo gender reassignment surgery… THEN you would get to see his status but by then you wouldn't want to share what you saw because you'd love big brother.
On behalf of Barack Obama, "Thank you, Race, for reaching out and supporting a struggling Muslim student from Indonesia with your tax dollars."
That's the insidious nature of leftist thinking; leftists simply cannot see the double standard. Obama can decry Romney's millions without worrying about his own. (What is the difference between being rich and being rich anyway?) Obama can use class warfare to condemn Romney with one hand, then use class warfare to get himself through Harvard with the other (possibly "stretching the truth" in order to get into the school).
Some politicians are corrupted by the power they hold. Obama's politics has been corrupt from the very start.
Harry is a piece of — work. Nancy Pelosi is an example of plastic surgery gone wrong.
Thank you
Obama is a Chicago machine politician.
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