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Obama tax records put pressure on Mitt Romne

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  • Obama tax records put pressure on Mitt Romne

    Obama tax records put pressure on Mitt Romney

    Associated Press

    Friday, April 13, 2012

    Washington --

    Pressuring Mitt Romney on taxes, President Obama's campaign re-released more than a decade of tax records Friday, a political maneuver designed to pressure the Republican presidential candidate to divulge tax records beyond two years and to stop "hiding" details of his huge personal wealth.

    Obama's tax return for last year showed that he and his wife paid $162,074 in federal taxes on $789,674 in adjusted gross income, an effective tax rate of 20.5 percent. Their income plunged from $1.7 million in 2010, with declining sales of the president's books. In 2009, the Obamas reported income of $5.5 million, fueled by the best-selling books.

    Romney's campaign has projected he will pay more than $6.2 million in taxes on $45 million in income in 2010 and 2011 but has not released tax information prior to the past two years. Romney is expected to pay 15.4 percent in federal taxes for 2011 on income mostly derived from investments, based on his tax estimate for the year.

    Romney on Friday asked for an extension for the actual filing of his 2011 return, as he has in the past, and his campaign said he would file and release that return before the November election.


    Obama tax records put pressure on Mitt Romney

  • #2
    Obama's tactic of class warfare......divide and conquer..........can't run on his record.


    if the I.R.S. doesn't have a problem with Romney's tax returns and its all LEGAL why would anybody care what he makes?.....its because democrats always are into the class warfare and class envy.


    watch the obama re-election campaign attack Romney's wealth.


    Comment


    • #3
      Originally posted by grape-ape View Post
      Obama tax records put pressure on Mitt Romney

      Associated Press

      Friday, April 13, 2012

      Washington --

      Pressuring Mitt Romney on taxes, President Obama's campaign re-released more than a decade of tax records Friday, a political maneuver designed to pressure the Republican presidential candidate to divulge tax records beyond two years and to stop "hiding" details of his huge personal wealth.

      Obama's tax return for last year showed that he and his wife paid $162,074 in federal taxes on $789,674 in adjusted gross income, an effective tax rate of 20.5 percent. Their income plunged from $1.7 million in 2010, with declining sales of the president's books. In 2009, the Obamas reported income of $5.5 million, fueled by the best-selling books.

      Romney's campaign has projected he will pay more than $6.2 million in taxes on $45 million in income in 2010 and 2011 but has not released tax information prior to the past two years. Romney is expected to pay 15.4 percent in federal taxes for 2011 on income mostly derived from investments, based on his tax estimate for the year.

      Romney on Friday asked for an extension for the actual filing of his 2011 return, as he has in the past, and his campaign said he would file and release that return before the November election.


      Obama tax records put pressure on Mitt Romney

      I don't see this as a big deal. Romney is not required to post his past returns.

      I think we should all pay 15% flat tax, up to 1million $ and 20% flat tax flat tax above that. NO loop holes, No exception. Oh, pay no taxes, if you earn less then $18,000./yr.
      Pro-Black, Pro-Diversity. " Live and let Live"

      Comment


      • #4
        flat tax??? LMAO!!!!! Democrats and Obama are not going to go for that..............their mentality is they have to take from the "rich" and give to the "have nots" and they have to manage it and control it.



        Does Obama has any clue how the free market works and how to create jobs in the private sector?......he wants to raise the capital gains tax higher........the more you raise the capital gains tax the less people are going to invest and take the risks in the markets.



        we have to reform the tax system in this country and reform entitlements if we want to get out of this huge debt that will take us to bankruptcy like Greece and Spain. Obama has no plan for that. He doesn't have any plan to cut the debt just to raise it.....and wait until the Obamacare kicks in if the Supreme Court lets it.....the debt will go even higher.



        Comment


        • #5
          Originally posted by Corvo View Post
          I don't see this as a big deal. Romney is not required to post his past returns.

          I think we should all pay 15% flat tax, up to 1million $ and 20% flat tax flat tax above that. NO loop holes, No exception. Oh, pay no taxes, if you earn less then $18,000./yr.
          i disagree that people running for the highest office in the land shouldn't have everything about them out in the open. we need to know. at least the important stuff. their work record, their criminal history, their earnings and filings. we don't want to elect criminals, we don't want to elect people that worked in idk say the porn industry for example. i wouldn't vote for them - not for president that's for sure.

          the same way, most of the country is made up of middle and lower income earners. for so long we have had the wealthy and influential get the top slots and be able to push us around like serfs. when running for office, they pretend to be able to relate, and then once in they just pander to what bush 2 called his "base."

          George W Bush - The Elite My Base - YouTube

          we need more people that have had real life struggles along with the common ones we all go through. otherwise you just get folks that don't understand. when you say you get it prove it. or just say, "you know what? i don't understand." as of september 2011 the middle class had been sliding back steadily for ten years. Middle-class income fell in the last decade - Sep. 21, 2011

          we need people that see it and feel it when we get hit. not those that just switch to cnbc while watching the common folk suffer from their fifth summer home. we've had enough of them imo. trickle down economics doesn't work. we made them wealthier with the stimulus, and where were all the saved jobs? what exactly trickled down? we don't need the same kinds of folks that hatched the sub-prime mortgage scheme running the nation. that time is past

          Comment


          • #6
            Originally posted by grape-ape View Post
            i disagree that people running for the highest office in the land shouldn't have everything about them out in the open. we need to know. at least the important stuff. their work record, their criminal history, their earnings and filings. we don't want to elect criminals, we don't want to elect people that worked in idk say the porn industry for example. i wouldn't vote for them - not for president that's for sure.

            the same way, most of the country is made up of middle and lower income earners. for so long we have had the wealthy and influential get the top slots and be able to push us around like serfs. when running for office, they pretend to be able to relate, and then once in they just pander to what bush 2 called his "base."

            George W Bush - The Elite My Base - YouTube

            we need more people that have had real life struggles along with the common ones we all go through. otherwise you just get folks that don't understand. when you say you get it prove it. or just say, "you know what? i don't understand." as of september 2011 the middle class had been sliding back steadily for ten years. Middle-class income fell in the last decade - Sep. 21, 2011

            we need people that see it and feel it when we get hit. not those that just switch to cnbc while watching the common folk suffer from their fifth summer home. we've had enough of them imo. trickle down economics doesn't work. we made them wealthier with the stimulus, and where were all the saved jobs? what exactly trickled down? we don't need the same kinds of folks that hatched the sub-prime mortgage scheme running the nation. that time is past

            I do agree. But I don't think any thing is going to change soon. Obama is the same. He is a wall street shoe-in. He is going to be our next president again. He's the 1%'s pick once more.
            Pro-Black, Pro-Diversity. " Live and let Live"

            Comment


            • #7
              Originally posted by Corvo View Post
              I do agree. But I don't think any thing is going to change soon. Obama is the same. He is a wall street shoe-in. He is going to be our next president again. He's the 1%'s pick once more.
              no doubt. he represents a certain image of us abroad and of the false notion "anybody can make it in america." not anybody can make it and he got where he got to because of financial support. heck no one but democrats or republicans can even get into presidential debates as the commission on presidential debates usurped the reigns from a once independent sponsorship group and the group is run by dems and republicans sharing power.

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