Mitt Romney talks to the press after holding a round table on housing issues in Tampa, Fla., Jan. 23, 2012. (Emmanuel Dunand / AFP/Getty Images)
January 23, 2012, 10:44 p.m.
Republican presidential candidate Mitt Romney reportedly paid about $3 million in federal income taxes in 2010 on income of $21.7 million.
Romney's tax returns show most of his income came from investments. He also gave nearly $3 million combined to charitable causes and the Mormon Church, helping reduce his effective tax rate to less than 14%....
Republican presidential candidate Mitt Romney reportedly paid about $3 million in federal income taxes in 2010 on income of $21.7 million.
Romney's tax returns show most of his income came from investments. He also gave nearly $3 million combined to charitable causes and the Mormon Church, helping reduce his effective tax rate to less than 14%....
He paid an effective rate of 14% to the USA federal income tax. I paid more than that and the amount I paid actually was felt in my household. I guarantee Mr. and Mrs. Romney didn't feel a thing. The Former Governor was also NOT WORKING for a living.
...Gingrich and his wife, Callista, paid $994,708 in federal taxes on gross income of $3,142,066 in 2010, according to copies of the couple's return. The 31.5% tax rate paid by the Gingriches is more than double the amount that Romney reportedly paid on his much larger income....
That is about the percentage, maybe slightly less, of income I paid in income. I didn't have a $1 million credit account at Tiffany's though. Actually, it was probably about 25%. It just seemed like more.
...Thirty years ago, (click here) Congress created the Federal Election Commission (FEC) to administer and enforce the Federal Election Campaign Act (FECA)–the statute that governs the financing of federal elections. The regulation of federal campaigns emanated from a Congressional judgment that our representative form of government needed protection from the corrosive influence of unlimited and undisclosed political contributions. The laws were designed to ensure that candidates in federal elections were not–and did not appear to be–beholden to a narrow group of people. Taken together, it was hoped, the laws would sustain and promote citizen confidence and participation in the democratic process....
This is what is so very disturbing about the Robert's Court decision in "Citizen's United." There are laws on the books existing over 30 years that REQUIRE the type of funding for the elections of the USA. "The Federal Election Commission" was couped by the Robert's Court in the Citizen's United decision!
...Gingrich and his wife, Callista, paid $994,708 in federal taxes on gross income of $3,142,066 in 2010, according to copies of the couple's return. The 31.5% tax rate paid by the Gingriches is more than double the amount that Romney reportedly paid on his much larger income....
That is about the percentage, maybe slightly less, of income I paid in income. I didn't have a $1 million credit account at Tiffany's though. Actually, it was probably about 25%. It just seemed like more.
...Thirty years ago, (click here) Congress created the Federal Election Commission (FEC) to administer and enforce the Federal Election Campaign Act (FECA)–the statute that governs the financing of federal elections. The regulation of federal campaigns emanated from a Congressional judgment that our representative form of government needed protection from the corrosive influence of unlimited and undisclosed political contributions. The laws were designed to ensure that candidates in federal elections were not–and did not appear to be–beholden to a narrow group of people. Taken together, it was hoped, the laws would sustain and promote citizen confidence and participation in the democratic process....
This is what is so very disturbing about the Robert's Court decision in "Citizen's United." There are laws on the books existing over 30 years that REQUIRE the type of funding for the elections of the USA. "The Federal Election Commission" was couped by the Robert's Court in the Citizen's United decision!
