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Romney: I’ve paid taxes every year



Published: Sat, August 4, 2012 @ 12:00 a.m.

Associated Press

NORTH LAS VEGAS, Nev.

Republican presidential candidate Mitt Romney declared Friday that he has “paid taxes every year — and a lot of taxes” as he rejected an anonymous claim that he hadn’t paid taxes for a decade on his vast personal wealth.

Democrats have tried to make Romney’s personal wealth and how he’s managed it a key issue in the presidential contest. The former Massachusetts governor, who would be among the richest presidents ever elected, is aggressively competing with President Barack Obama for the support of middle-class voters.

Romney has refused to release more than one year of personal tax returns, despite calls from Democrats and some Republicans to do so, saying his critics would distort the information and use it against him. He has promised to release a second year of returns.

Romney’s 2010 federal tax return shows he paid 13.9 percent tax on income of $21.6 million. Most of Romney’s income came from investment gains, which are taxed at a lower rate than earned income.

Senate Democratic leader Harry Reid has said that an investor in Romney’s former firm, Bain Capital, told him that Romney didn’t pay taxes for 10 years.

Reid offered no evidence to support the claim, wouldn’t identify the investor and even acknowledged that he didn’t know if the claim was true. When asked about it during a radio appearance Thursday, Romney said Reid needed to “put up or shut up,” an assertion he repeated Friday.

In response to questions from reporters, Romney declined to weigh in when asked about the owner of the restaurant chain Chick- fil-A’s opposition to gay marriage or Rep. Michele Bachmann’s suggestion that an aide to Secretary of State Hillary Rodham Clinton may be tied to the Muslim Brotherhood.


Comments

1AnotherAverageCitizen(1175 comments)posted 2 years, 2 months ago

The AP points out that Reid has no proof that Romney paid no taxes. Why does it not say? Romney has shown no proof that he paid taxes.

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2Karen59Cortland(4 comments)posted 2 years, 2 months ago

When Romney ran for Gov of Mass, there was a challenge based on the residency requirements.

Romney continually said he had maintained his residency in Mass.

Surprisingly, when his tax returns were subpoenaed, they showed that his residency was listed as UTAH.

Romney's response? He was "retroactively correcting this" to show that he was actually living in Mass. A political Mulligan?

What we don't know is whether he ever returned the big $ 54,000 tax break he got in Utah for being a resident there.

Actually, we really don't know much, since Romney isn't going to produce his tax returns.

When ABC News’ David Muir asked him specifically if he'd ever paid less than 13.9%, Romney said "I haven’t calculated that. I’m happy to go back and look."

We're still waiting, and he's still not providing an answer.

What we do know is that MITT ROMNEY HAS LIED BEFORE to gain an elected office.

I don't know about you, but I'm not interested in another Republican "trickle down economics" president.

We had one of those from 2000-2008 and look where we ended up.

In the meantime, in Congress, the Republicans have voted down 19 different job bills.

The Republicans are willing to ruin the American economy in order to take over the Executive Branch.

If they do, the assault on the working poor and middle class will escalate, while they line their pockets.

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3southsidedave(4784 comments)posted 2 years, 2 months ago

If he did or didn't, what does that matter to the idiots who will vote for him?

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4redeye1(4564 comments)posted 2 years, 2 months ago

It just amazes me that the people of this valley will believe anything that the D party puts out there , including LIES ! If I were Romney I would sue Reid for saying sometthing without proof that defames me. As far the middle class neither party really gives a $h!% about them. Our politicans only care about themselves and their jobs. If the people were smart they would vote out all incumbents in November. But they are not!

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