U.S. & World

Romneys paid $1.94 million federal taxes for 2011


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  • Aggielove Cache county, USA
    Sept. 26, 2012 4:02 p.m.

    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.

  • Joan Watson TWIN FALLS, ID
    Sept. 25, 2012 9:18 p.m.

    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.

  • Joan Watson TWIN FALLS, ID
    Sept. 25, 2012 6:03 p.m.

    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?

  • Counter Intelligence Salt Lake City, UT
    Sept. 25, 2012 1:48 p.m.


    "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"

  • LDS Liberal Farmington, UT
    Sept. 24, 2012 10:59 a.m.

    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]

  • Furry1993 Ogden, UT
    Sept. 23, 2012 11:30 a.m.

    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].

  • skeptic Phoenix, AZ
    Sept. 23, 2012 8:33 a.m.

    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.

  • Lasvegaspam Henderson, NV
    Sept. 22, 2012 9:59 p.m.

    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)

  • worf Mcallen, TX
    Sept. 22, 2012 9:02 p.m.

    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.

  • Ying Fah Provo, UT
    Sept. 22, 2012 5:08 p.m.

    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.

  • A voice of Reason Salt Lake City, UT
    Sept. 22, 2012 4:29 p.m.


    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.

  • Gkwahlberg Taylorsville, UT
    Sept. 22, 2012 2:44 p.m.

    @Shaun Capital gains are taxed a lower rate because they are earnings or dividends of money that has been invested and has been taxed previously. If a person invests some of the money they earn, which was taxed at the standard income tax level, they should not have to pay regular taxes levels on the money earned from those investments because it has already been taxed when first earned. An exception would be IRA investments which are purchased with pre-tax dollars.

  • Furry1993 Ogden, UT
    Sept. 22, 2012 2:32 p.m.

    Romney deliberately isn't claiming every deduction to which he is entitled because that would bring his effective tax rate down to about 9% and he doesn't want it to look like he doesn't pay enough taxes (of course he can always amend his return and take the full deduction after the election, when his finances aren't in question any more). Romney is therefore paying more taxes than he is required to pay. Romney has said that, if he paid more taxes than he is required to pay, he is not qualified to be president. Romney has just proved, by his own words and standards, that he is not qualified to be president.

  • Furry1993 Ogden, UT
    Sept. 22, 2012 2:16 p.m.

    To Joan Watson 6:53 p.m. Sept. 21, 2012

    The answers to your questions:

    is Mitt Romney an honest man? - No

    has he paid his fair share of federal and state taxes? - I don't know. A forensic accountant will need to evalute his rreturns going back to 1999 beore that can be answered.

    is he a rich man? Yes

    . . . that has contributed money and time to the betterment of others? - Some time and money, as a way to make a good show

    is he a proven and effective leader who sholders and owns his responsibilities? - No

    can he solve problems? No -- he causes more than he has arguably solved

    Due to the ansers above - he is exactly the same as most of today's polliticians.

    It would be a disaster to have Romney as president of the United States.

  • Igualmente Mesa, AZ
    Sept. 22, 2012 1:41 p.m.

    Romney pays more taxes than the law requires because he doesn't claim all of his deductions. He also pays a full 10% tithing on his gross earnings before taxes, social security and Medicare. What a patriot, yet huff post is now calling him a flip-flopped because he release tax history, which incident,y is not required by law, far too late after their demands. Apparently, this flip-flopping charge is the only mud they can dream up.

  • David Centerville, UT
    Sept. 22, 2012 12:55 p.m.

    Liberals cannot stand that Romney would give $4 million to charity, where it actually helps more people more efficiently and more directly. Instead, liberals want to require people like Romney to give all of their money to government until they are poor. LIberals and Democrats are never satisfied to see another person succeed and have wealth. The libs greed causes them to try and get all the wealth in the country for their own purposes.

  • Salsero Provo, UT
    Sept. 22, 2012 12:03 p.m.

    Those complaining so-called Liberal bias in requesting full-disclosure on tax filings and compliance with existing law need look no further than Richard Nixon's Checkers speech. The insistence upon full-disclosure has been both a Republican and a Democratic theme for many decades. Transparancy, paying one's fair obligation, obedience to law has always been demanded of those seeking higher office and desiring to serve the public good.

    Many in this dialog may simple be anti-tax anything because they say taxation is "theft", whether by the federal, state, or local government, particularly when it is their own money they're talking about. Regardless of the compact made when a society organizes under a government (as established by the Constitution), they simply don't want to pay taxes. Most people don't like to pay taxes but accept it as necessary for living in a civilized society. However, these anti-tax zealots don't want to pay taxes, yet they want the services other people's taxes pay for.

    The argument should be: What is a fair tax, how should that money be used, and how should everyone in our society be given the opportunity to succeed.

  • cindyacre Shelley, ID
    Sept. 22, 2012 12:00 p.m.

    SportsFan7 is right - Mitt Romney gets taxed twice.

    This discussion about Romney's wealth is all about envy. It isn't about having a person in the White House who knows how to manage finances - which is where the discussion should be.

  • LoveLife Riverton, UT
    Sept. 22, 2012 11:44 a.m.

    Mad Hatter,
    Project much?

    You don't know why he didn't take all of his deductions. Perhaps it was because people were calling him un-American if he DID take all the deductions?

    You also don't know what he will do in the future. I recall reading the exact same thing at the New York Times, without any named source. That probably isn't a very reliable statement to go around making, unless you are some sort of mind-reader with a proven track record.

    Sergio & No Fit,
    You don't have any proof of cooked books or doctored taxes. Your source is Harry Reid-the shameful Senate majority leader who stood on the Senate floor and declared that Romney didn't pay ANY taxes for the past ten years. Get a life. He paid his full taxes in a legal and lawful manner. Do you think that Obama didn't have the IRS on Romney's tail to dig up any dirt on him? If you don't believe it, you should go research some history on Obama's opponents for the Senate in 2004, both in the primary and the general election.

  • Mad Hatter Provo, UT
    Sept. 22, 2012 10:13 a.m.

    Romney probably will file an amended tax return because he did not take full advantage of the tax deductions allowed by current law. The 14.1% tax apparently was generated to off-set much of the criticism directed at him this election cycle. He probably would have paid less as a percentage of income if he had taken full advantage of the current tax system to which he is entitled. Unfortunately, those with significantly less income do not have the same benefits for tax manipulation.

  • sergio Phoenix, AZ
    Sept. 22, 2012 10:08 a.m.

    .No thinking citizen or voter is being fooled by Romney cooking the books and doctoring his tax return to benefit his campaign. It is time for Romney to man up and release all his tax returns and stop the charade of putting more lip stick on the elephant; he is not fooling anyone and he is making a donkey of himself.

  • no fit in SG St.George, Utah
    Sept. 22, 2012 10:01 a.m.

    Bottom line..
    Tax returns whirligigs, cooked up by Mitt Romney and his tax attorneys, are now, just a small part of Romney's negative baggage. Buckle the seat belt for more surprises this week concerning the Mitt no one really knows.
    Remember Roy Orbison's famous tune, " It's Over" ?
    Ya'll can start singing it, or humming it, if you are out in public.

  • worf Mcallen, TX
    Sept. 22, 2012 9:35 a.m.

    Rewards, of hard work, responsibility, creativity, wisdom, and living the American dream, are transforming to jealousy, coveting, and envy.

    Thank you Barack Obama for unifying the country. opps! I mean dividing the country. Yep! We don't make businesses, do we?

  • ManInTheMiddle SANDY, UT
    Sept. 22, 2012 9:23 a.m.

    You misunderstand the reason why Democrats and Republicans aren't asking for the taxes to be treated the same. Why do you think that Harry Reid hasn't brought up a bill saying the rates should be the same??

    The reason is; who would invest in the US if the tax rate were over 40% (Fed and State combined) on investment dollars? I wouldn't. Guess what the cap gains rates are in India?? or Germany?? or many other countries. If you guessed zero percent you win. If you had investment dollars, where are you going to invest them - in a country with a tax rate of zero percent or 40 percent???

  • Millsap fan Taylorsville, UT
    Sept. 22, 2012 9:22 a.m.

    The problem with Romney releasing his taxes is just like politics and the bible people would spin it and twist it and leave out important information to conform to their allegations. Romney knows this and is smart not to play that game.

  • ManInTheMiddle SANDY, UT
    Sept. 22, 2012 9:09 a.m.

    Over the last 20 years Romney average 20% Federal tax, 8% state tax, and 14% charitable donations. That means he paid out 42% of all of his income and kept just 58%. Isn't 42% enough?

    If Democrats want to end poverty their solution is simple. Have every American pay the same tax rates and donate the same percentage of income as Mitt did and poverty will be a thing of the past. Just have everyone do what Mitt did and the problem is solved.

    Attacking Mitt on his taxes is intellectually bankrupt - shame on you.

  • worf Mcallen, TX
    Sept. 22, 2012 9:01 a.m.

    liberal larry,

    The banks in Cayman Islands and other off shore accounts pay more interest.

    Romney has been very wise with money, and it's a shame that many Americans have traded wisdom for envy.

  • FDRfan Sugar City, ID
    Sept. 22, 2012 8:58 a.m.

    In 1932, One percent of the population owned 59% of the wealth. In 1929, 1930 and 1931, J. P. Morgan paid no income taxes and said that he owed society nothing. He also said that if we destroyed the leisure class, we would destroy civilization. But J. P. Morgan was not running to be President of the United States. I am really disappointed st it seems that Mitt Romney is so alined with the J. P. Morgans and Herbert Hoovers. I will still await for the debates before I decide to vote or not. I will not vote for the incumbent, but I may write in the mailman's name.

  • Bebyebe UUU, UT
    Sept. 22, 2012 8:30 a.m.

    Romney is defying candidate tradition by refusing to release more tax returns - a tradition embraced by his own father. There is no reason to assume anything other than he's got something to hide.

  • Shaun Sandy, UT
    Sept. 22, 2012 8:14 a.m.

    @voice of reason. I never said anything about income equality. I am talking about tax income equality. Income should be taxed as income whether you are flipping burgers, a construction worker or what ever.

    I will pay over twenty five percent in federal taxes this year, but romney only pays 14 percent. I do think that is right.

    @Sportsfan. Romney do not take a salary from bain get taxed at ordinary income tax rates then reinvest it. He is a beneficiary from the carried interest tax rule that allows him to avoid being taxed like a worker and instead gets a sweet heart deal at 15 percent.

  • Mountanman Hayden, ID
    Sept. 22, 2012 7:59 a.m.

    The larger question is, will Harry Reid, Obama and Nancy Pelosi apologize to Romney for lying about him? And the second valid question is why do Democrats contribute next to nothing to charities? Says something about the difference between Mitt Romney and his critics doesn’t it?

  • liberal larry salt lake City, utah
    Sept. 22, 2012 7:09 a.m.

    Maybe the Dnews can do an article explaining all of the exotic tax tricks that Mitt uses to lower his taxes, I really don't understand how he uses the Cayman Islands and other off shore accounts to minimize this taxes. What ever happened to the $77,000, he tried to deduct for his Olympic horse Trafalca? If he can deduct expenses for his horse, can I legally claim a deduction for my over over weight cat Wally?

  • cris Hamilton, IL
    Sept. 22, 2012 6:45 a.m.

    Mitt Romney is wealthy, SO WHAT. So are hundreds of other people in this country like those in Hollywood, professional sports players, other politicians. Miitt pays taxes, he gives to charity what more should he do than any of these other wealthy people do?

  • Really??? Kearns, UT
    Sept. 22, 2012 5:56 a.m.

    Our tax laws are meant to encourage investing in the future. Those people who work 60+ hours a week have opportunities to invest in 401K, IRA, stocks, and other investment accounts. If they choose to invest, it will also lower their amount of taxable income for the year.

    Why do the tax laws allow that? Well, I am guessing it's because the people who create those laws understand that Americans will need more than social security as part of a retirement plan. I have an employee retirement plan, but I also invest a little extra on my own. It means I don't take home as much money as I would like right now, but that money is being set aside for my future.

  • SportsFan7 Salt Lake City, UT
    Sept. 21, 2012 11:42 p.m.


    That is because the money that is used for the initial investment has normally already been taxed as income. In Romney's case income earned working the 60+ hours a week at Bain Capital. This income that has already been taxed can now be invested and then any income derived from the investment is then taxed a 2nd time at a lower rate. Understanding this point, don't you think it is fair to have a lower tax rate when your income dollar is being taxed for the second time?? Also worth noting is the fact that every investment has risk....if you invest wisely you get a return, but if the investment goes bad then that dollar is lost. An argument could be made that if my investment dollar has already been taxed when I earned it and then I am willing to risk losing it by investing it....then why should gov't have any right to tax the income I may or may not earn?

  • A voice of Reason Salt Lake City, UT
    Sept. 21, 2012 11:36 p.m.


    Your concern is valid, but the doctrine you advocated is dangerous.

    The construction worker says to the pianist: I've earned my living, you aren't any more entitled to making more money than me.

    The problem:
    We all have a right to reap what we sew. If this right did not exist, then no right would exist (simple math). If no right exists, then others are justified and moral even if they take what is yours from you. A guy can study math and economics his entire life and another guy can work out in a gym his entire life. They both put hard work and time (which cost them money, property, investment, etc.) into their careers and have every right to work.

    Even if you say "fine, then just raise taxes on Paris Hilton type people who inherit millions without working", then how you quality this and preserve justice? If a parent leaves all their money and house to their blind and deaf child with a learning disability, would you take the money from them based solely on their not earning it themselves?

    It's not the government's job, NOR RIGHT, to redistribute property.

  • Shaun Sandy, UT
    Sept. 21, 2012 10:03 p.m.

    There is a real problem in this country when real hard work is taxed differently than investment income.

    Why should someone who works sixty hours a week, earning a hourly or salary, pay a higher effective rate than someone who makes their money from investments?

  • O'really Idaho Falls, ID
    Sept. 21, 2012 9:45 p.m.

    Interesting how few Obama supporters have anything to say on this article. It seems their motto is "If you can't say anything snarky, don't say anything at all."

  • Mike Johnson Stafford, VA
    Sept. 21, 2012 9:13 p.m.

    >>>On average, middle-income families — those making from $50,000 to $75,000 a year — pay 12.8 percent of their income in federal taxes, according to Congress' Joint Committee on Taxation.

    If so, they overpaid significantly.

    In 2011, a married couple filing jointly and taking the standard deduction ($11,600) and two personal exemptions ($3700 for each of them), it would take an income of $114,679 to pay 14.1% ($16,170) in income tax. At $75,000 the tax would be $7,550 or 10.1%. At $50,000, the tax would be $3,800 or 7.6%. And those are based on simply taking the standard deduction. Itemizing likely would reduce the rates.

    12.8% average for $50K to $75K would have to include singles, which have higher tax liabilities by design.

  • fresnogirl Fresno, CA
    Sept. 21, 2012 7:41 p.m.

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

    Why don't we focus on the important issues: the fact that gas prices are raising the cost of everything else from food to vacations, that our wealth as Americans has declined drastically in the past 3 years, that unemployment is still very high, that the Middle East is in an anti-American uproar and are murdering American citizens and our embassador?

    Instead, we get "show us your back taxes from forever until today...." and a President who acts like a CHILD. Whenever confronted with his numerous failures and empty promises, he always responds with "it's not MY fault" or "he started it" (Pointed to George W.) It's like having a toddler in the White House.

    It's no wonder he is not a good leader. He absolutely refuses to take responsibility for anything. I for one will be thrilled to have an adult as our leader. Oh, and since Obama paid less in taxes than his secretary, you would think they would be smart enough to stop talking about how much candidates paid in taxes.

  • ute alumni Tengoku, UT
    Sept. 21, 2012 7:19 p.m.

    no it makes reid a liar

  • worf Mcallen, TX
    Sept. 21, 2012 7:09 p.m.

    Obama spent more on just one vacation than what Romney made in a year.

    How much tax did he pay on that?

  • bandersen Saint George, UT
    Sept. 21, 2012 7:09 p.m.

    The envy of Romney's wealth is shameful, as if taxing him more is going to solve our nation's ills. The hypocrisy of the left, including in my estimation a hypocritical Harry Reid, is truly astonishing. Obama can make millions, pay little in charity, and golf over a hundred times since being elected, all on the taxpayer's dime, but somehow is viewed as being more charitible or worthy of his office, as if stealing one citizen's money to give to another is somehow honorable. What a sorry state of affairs for the voting citizens of this country! Wake up!

  • Joan Watson TWIN FALLS, ID
    Sept. 21, 2012 6:53 p.m.

    The question that one should ask - is Mitt Romney an honest man - has he paid his fair share of federal and state taxes - is he a rich man that has contributed money and time to the betterment of others - is he a proven and effective leader who sholders and owns his responsibilities - can he solve problems???? If the answer is yes - then he is head and shoulders above most of today's polliticians. It would be refreshing to have such a man president of the United States.

  • TRUTH Salt Lake City, UT
    Sept. 21, 2012 6:39 p.m.

    I am sure its all a lie......just ask Harry Reid the Mormon?

  • prelax Murray, UT
    Sept. 21, 2012 6:34 p.m.

    "Price Waterhouse released a letter from his accountants saying that in the 20 years prior to 2010 the Romneys paid an average annual effective rate of 20.2 percent, never lower than 13.66 percent."

    Romney never paid no taxes in any of the last 22 years. That makes Reid look wrong.

  • Furry1993 Ogden, UT
    Sept. 21, 2012 6:00 p.m.

    To MoJules 5:16 p.m. Sept. 21, 2012

    So much for Harry Reid being honest.


    One problem with your argument -- this isn't one of the years about which Senator Reid was speaking.

  • A voice of Reason Salt Lake City, UT
    Sept. 21, 2012 5:53 p.m.

    The liberal philosophy is that elected officials and candidates have absolutely NO right to privacy in their financial disclosures, in fact no rights at all because 'public' means 'we own them'. If anyone can't see what's not only morally wrong, but completely insane about such a doctrine, they don't deserve to claim the same rights they seek to take away from others. The fact is that we don't own others, but their office.

    The state of this union is most certainly threatened by those who feel that personal responsibility is less favorable than dependence on others. The evidence is overwhelming that the moral quality of our society and therefore the peace we enjoy is weakening. There has never been a greater need than now for parents to teach their children true principles- as we are ever more surrounded by such contempt. Contempt, resentment, and jealousy are inherent to feeling entitled to the fruit of another persons's labor. No wonder everyone wants to know how much Romney makes- those who would abandon responsibility to live off others just want to know how much they can be jealous of. Meanwhile other candidates wealth remains un-scrutinized.

  • MoJules Florissant, MO
    Sept. 21, 2012 5:16 p.m.

    So much for Harry Reid being honest. Everyone wants to go after the "1%", it is a good thing I am not one of the one percent people, I would close my income doors and sit back and let the government take care of me also. There are many wealthy people that are leaving this country, guess what goes with them? Jobs!!!

  • A1994 Centerville, UT
    Sept. 21, 2012 4:41 p.m.

    It would not matter how much information the left had access to concerning Romney's taxes, it would never be enough. It's abundantly clear that, despite Harry Reid's accusations, Mitt Romney pays his taxes. Is it against the law to use tax reduction strategies? NO! If you have a 401k, you are using a tax reduction strategy. If you have a Roth IRA, you are using a tax reduction strategy. And looking at the numbers here, not only are the Romney's honest, they are extremely generous. What more do the Democrats need?