Comments about ‘Romneys paid $1.94 million federal taxes for 2011’

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Published: Friday, Sept. 21 2012 4:01 p.m. MDT

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A voice of Reason
Salt Lake City, UT

Shaun,

I'm sorry that I misunderstood you. With the things I was thinking about at the time, I thought you had meant that 'hard workers' should pay less tax than those who earn through investing, etc. I did not realize that you only meant that they shouldn't be taxed higher (which is principally different). Although I think you had a typo and meant to say 'I do not think that is right'.

Either way, I would at least agree that a flat tax is just and fair. I don't know if I agree that it is the most logical choice for America right now (long story, different debate). But I do believe it is just and fair- that a better people would tax equally.

liberal larry,

You still pay taxes on offshore accounts. The only way to evade taxes through offshore accounts is if they are not known. Such accounts aren't known for security in vaults, etc. They are known for keeping the existence of your account secret. If Romney has accounts and they are known to the public, then he isn't using any sort of 'secret tax trick' but honest earning of interest.

Ying Fah
Provo, UT

Gkwahlberg
Taylorsville, UT

Is not capital gains tax a tax on new income derived from investments? Somewhere along the line, capital gains tax was set differently from earned income although the money obtained through investments is basically "earned income". The money used in the investment is not taxed. Only the new money earned from the investment is taxed. Government, through changing tax laws, consider money earned through investments to be different from money earned through labor.

Let's get on the same page here, okay? The benefits of investment income only comes to those wealthy enough to make investments. The regular worker who only makes money through his or her labor (maybe not having enough to make investments because they don't earn enough income to have much descretionary spending) don' have these opportunities.

Also, in the debate about taxes, everyone who earns more than $250K in earned income has the benefit of lower taxes under current proposals on that first $250K. This is the progressive tax idea in a nutshell. Everyone gets this savings. Proposals on removing the Bush Tax Cuts for the wealthy (making more than $250K) still have the savings on the first $250K. Nothing chanes.

worf
Mcallen, TX

Mountanman
Hayden, ID

"The larger question is, will Harry Reid, Obama and Nancy Pelosi apologize to Romney for lying about him?"

They would rather apologize to a mid-eastern country.

Lasvegaspam
Henderson, NV

Mitt Romney will now always be viewed as a tax cheat by some because Harry Reid chose to bear false witness. This is exactly the same thing that happened when Hillary Clinton (or someone in her campaign) chose to question the birthplace and religion of Barack Obama.

This is the nature of a lie, folks. It has the potential to spread like seeds blown in the wind, which you can never recover even if you tried.

Are we surprised then when the Lord informs us that liars, “those who love and make a lie”, will inherit the same place as sorcerers, adulterers and whoremongers in the Spirit World? (Doctrine & Covenants 76:103)

skeptic
Phoenix, AZ

Lasvegaspam, are you sure you are not bearing false witness against Harry Reid. The right thing and honest thing is for Romney to release his tax returns so that all the voters can judge for themselves; after all Romney is running for the highest office in the nation and the voters need to see what it is Romney is asking them to vote for and who and what he is. The voters have a right to know, it is the only honest thing for Romney to do to show the voters he is not a liar and cheat. As one of the church leaders once said: just do it.

Furry1993
Ogden, UT

I've done a bit of research. The partnerships in which Romney/Bain is involved in the Cayman Islands contain the following provision (See Gawker page concerning Romney/Bain documents):

The Partnership is a qualified intermediary and intends to conduct it operations so that it will not be engaged in a United States trade or business and, therefore, will not be subject to United States federal income or withholding tax on its income from United States sources.... Under the current laws of the Cayman Islands, there are no income, estate, transfer, sales, or other Cayman Islands taxes payable by the Partnership.

In other words, nothing these Cayman Island partnerships do is taxable either by the United States or the Cayman Islands. Romney/Bain has evaded taxes on these investments since the inception of his/their involvement with them.

Lovely [end sarcasm].

LDS Liberal
Farmington, UT

Romney, 65, and his wife, Ann, paid $1.9 million in taxes on $13.7 million of income in 2011 for a 14.1 percent rate.

Charitable Contributions
The Romneys donated more than 29% of their income to charity, including more than $1.1 million in cash to the Church of Jesus Christ of Latter-day Saints.

Is it just me, or does that only add up to 8% tithing

[BTW - not including Fast offerings, Missionary Fund, Temple Construction, Humanitarian Aid, and Perpetual Education Fund]

Counter Intelligence
Salt Lake City, UT

@fresnogirl

"The "Taxers" are the Democratic Party's equivalent of the "Birthers.""

That would be the perfect comparison - except for the fact that Clinton supporters started the whole birther movement and it was fueled by Obama's own claims of being born in Kenya (when it served his purposes to do so)

So it would seem that "birthers" are just another democratic equivalent of "taxers"

Joan Watson
TWIN FALLS, ID

Furry - or is it fury? In my book Romney is a rare good man regardless how his integrity and reputation is besmirched by others. His dad IM sure is very proud of his son. By the way, speaking of leadership - Harry Reid, who's ear fills with rumor and twitterings seems to have a few problems?

Joan Watson
TWIN FALLS, ID

Furry/fury - from Joan Watson Sept 25 9:12PM here's a different take on the charactar/leadership you gave of Mitt Romney. Is he an honest man who has paid his fair share of federal taxes? Yes - or those who franticaly dig in the mud to prove he hasn't would be exposing it to the whole world, with proof. So if you have info proving that he is not honest it is time to put up or ---- up. Has he been an effective governor of Mass, and set the state on a course of economic stabilty - and at the same time declined the governors salary? yes. Did he also put the bankrupt Olympics on a sound financial footing - yes
Has he slung personal mud at President Obama - no - he disagrees with his politics and debates the issues. Those who have it in for Mitt Romney either do not know him or his leadership qualitites - or just plain don't like him because he is very rich and or perhaps 'mormon'. As for the off shore investments - any one of us who have investments out of the US know that gained income is income - and it becomes taxable income.

Aggielove
Cache county, USA

That's 1.9 million more dollars, then most nay Sayers make in a year. He paid that in taxes.
So it's just called jealousy in my mind.

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