Tag: taxes

Reid ‘Stunned’ by Romney’s Tax Hypocrisy

Buck Banks

All I know, I can’t imagine Romney having the gall coming after anybody’s returns. Let’s look at his. He never gave us his tax returns. Who was the brainchild who got him to do that? Romney never gave us his tax returns. He did not — he gave us his summary, he didn’t give us our tax returns.

— Sen. Harry Reid, telling CNN that he’s stunned to see Mitt Romney demanding Donald Trump’s tax returns.

Romney Suspicious of Trump’s Finances

Buck Banks

We have good reason to believe that there’s a bombshell in Donald Trump’s taxes. Either he’s not anywhere near as wealthy as he says he is, or he hasn’t been paying taxes we would expect him to pay or perhaps he hasn’t been giving money to vets or to the disabled like he’s been telling us he’s been doing.

— Mitt Romney, hitting Donald Trump over not releasing tax information, CNN reports.

How to Talk About Taxes Without Saying the ‘T’ Word

Buck Banks

Well here’s the reality: If you go into a business, and I keep coming back to my background, it’s how I know how to relate is to refer back to it — I was never able to turn around a company just by cutting spending. You had to figure out a way to get revenue growing. And what I just said, there are five people in the U.S. Senate who understand what I just said. You know revenue is not something they think about.

— Georgia U.S. Senate candidate David Perdue (R), in an interview with the Macon Telegraph.

Poll: Raising Tax Rates on High Incomes Backed by Solid Majorities

Jon Ponder

Washington Post:

Sixty percent of all Americans back higher taxes on higher incomes in the new Post-ABC data. Earlier this month, an identical 60 percent of voters in the presidential election said income taxes should be raised on income over $250,000, according to the national exit poll.

In the new poll, 73 percent of Democrats support such tax hikes, including a majority, 57 percent, who do so “strongly.” Among political independents, 63 percent back an increase, while 59 percent of Republicans oppose such a move.

Other proposed solutions to shrinking the debt are far less popular with the public. Only 44 percent support new limitations on the deductions people can claim on their federal income taxes — a proposal that former Massachusetts governor Mitt Romney put forward during his unsuccessful 2012 presidential campaign.

Mitt Doesn’t Know the Difference Between a Tax and a Deduction

Trish

mittworriedMitt Romney seems unclear on the concept of personal income tax.

“I did go back and look at my taxes and over the past ten years I never paid less than 13%. I think the most recent year is 13.6 or something like that. I paid taxes every single year,” Romney said…”Harry Reid’s charge is totally false. I am sure waiting for Harry to put up who it was that told him what he says they told him – I don’t believe it for a minute by the way – but every year I paid at least 13% and if you add in addition the amount that goes to charity, why, the number gets well above 20%.”

If Mitt considers what he gives to the Mormon Church to be a tax, then he must consider all the money he doesn’t get to spend as taxes

First of all, I checked my 2011 return and my actual tax rate was 17.7%. That’s how much the IRS expected me to pony up over the course of the year, with my various deductions, except I didn’t take enough out of my earnings as I went along and had to stroke a check to send in with my return for the remainder.

And I was happy to do it, if only to save those job creators like Mitt Romney from paying even more on their personal incomes, since it’s their personal incomes and not their businesses that they use to create jobs. At least, that’s what I’m told by every Republican ever.

But what really catches my ear in what Willard said today is the part about how, when you add in what he gave to the Mormon Church, why, the number gets well above 20 percent.

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