Why is multi-millionaire Mittzie stalling?

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Guns Guns Guns

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Everyone knows he is rich, very rich, maybe not super rich like Buffett, but he is in the stratosphere.

But where are his tax returns?

Alas, he wasn’t ready to file and asked for an extension, meaning that he won’t be releasing them for maybe six months.

How politically convenient.

He has been reluctant all along to release his tax returns.

This past January, Romney was finally pressured, after criticism from his opponents, into making his 2010 tax returns available.

It revealed an income of $21.7 million, taxed at 13.9%, thanks to investment income.

The Romneys have a net worth between $190 million to $250 million.

The Romneys had estimated that their 2011 income would be $21 million, which means a tax bill of $3.2 million.

In the form released on Friday, they did not estimate their income this time.

The form only listed the Romneys' estimated tax liability as $3.2 million, adding that the family has already made payments of $3.4 million.

So they are conceivably owed money by the federal government.

Of course, the big question is, where is Romney’s money?

On a Caribbean island or a Swiss bank account?

And what about the returns from when he headed up Bain Capital?

If Mitt thinks the questions will go away because he didn’t file on time like the rest of us, they won’t.

As he attempts to sell himself as a man of the people, understanding the woes of the middle class struggle, he will have a hard time showing that side of himself as he supports the Ryan Budget and more tax breaks for millionaires like himself.


http://communities.washingtontimes....ay-obama-and-biden-file-time-not-mitt-romney/
 
Like it or not, odds are you paid your taxes this year.

And on time.

If you’re like most people you paid a tax rate around 25 to 28% on your earned income, whether you were a chef, slinging hash, or an accountant, slinging numbers.

However, that income is called earned income because you earned it by the sweat of your brow or your mind.

If you glide up into the top one percent of the population, then you most likely made most of your money from unearned income, meaning you didn’t hold down a job to make that money and your taxes are probably in the 15% range.

Just for the record, the IRS defines income derived from sources other than employment (interest, dividends from investments, or rental property income) as unearned income.

That is their term, not mine. But it is accurate.


http://communities.washingtontimes....ay-obama-and-biden-file-time-not-mitt-romney/
 
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