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Romney to release his tax returns Tuesday



Published: Sun, January 22, 2012 @ 1:21 p.m.

Romney to release his tax returns Tuesday

Associated Press

WASHINGTON

Republican presidential candidate Mitt Romney said today that he will release his 2010 tax returns and 2011 estimates on Tuesday, acknowledging it was a mistake for his campaign not to have done so earlier.

Stung by a loss to Newt Gingrich in Saturday’s South Carolina primary, the former Massachusetts governor and venture capitalist said it was “not a good week for me” and he cited all the time he had spent talking about his tax returns as his rivals pressed him to make them public.

After months of resistance, Romney had said last week that he would release tax information for 2011, but not until April, close to the tax filing deadline. That also was seen as a time, before the South Carolina race rattled his front-runner status, when the GOP nomination might have been decided.

“I think we just made a mistake in holding off as long as we did. It just was a distraction. We want to get back to the real issues of the campaign: leadership, character, a vision for America, how to get jobs again in America and how to rein in the excessive scale of the federal government,” Romney told “Fox News Sunday.”

Romney disclosed on Tuesday that, despite his wealth of hundreds of millions of dollars, he has been paying in the neighborhood of 15 percent, far below the top maximum income tax rate of 35 percent, because his income “comes overwhelmingly from investments made in the past.”


Comments

1VindyPost(436 comments)posted 2 years, 8 months ago

Welcome to "transparency", Mitt Romney! Perhaps Audits? Talk about lies, cheats! Hmmmm....
15% ? ? ?

Romney=Loser.

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2jeratboy(127 comments)posted 2 years, 8 months ago

The top 1% pay an average of 18%

The top 20% pay about 14%

The 21 to 80 percentile pay an average of 4.4%

The bottom 20% get about 5.6% more back than they pay in.

These are CBO numbers. Everyone thinks they pay so much. They should learn basic math so they see how little they are paying.

When the top rate was 70% the top 20 % paid half of the percentage of the total tax bill that they are paying now. So that kills your next arguement.

I never liked people that complain about the rich. Everyone has the chance to be rich but too many want things handed to them.

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3AnotherAverageCitizen(1174 comments)posted 2 years, 8 months ago

Yep, Romney is hesitant.

""Romney disclosed on Tuesday that, despite his wealth of Hundreds of Millions of Dollars, he has been paying in the neighborhood of 15 percent, Far below the top maximum income tax rate of 35 percent, because his income “comes overwhelmingly from investments made in the past.”"

The rich don't get abundantly richer without a little crooked tax figures.
Account- a- bil- ity.

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4AnotherAverageCitizen(1174 comments)posted 2 years, 8 months ago

Hey Dime,

Maybe release YOUR "school transcripts", then Obama will do the same.

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5goman71(104 comments)posted 2 years, 8 months ago

pretty sure Obamas school transcript scores are better than someone with the username "dimebag"
'

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6VindyPost(436 comments)posted 2 years, 8 months ago

^ ^ ^ ^ ^ ^ AAC & Goman:^ ^ ^ ^ ^ ^

Interesting...thought the same thing!

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7nemo0723(19 comments)posted 2 years, 8 months ago

The way I see it, the top 20% should pay 20%, give or take. The bottom 20% should pay 0 or maybe just a little. There should be no net income from the tax code. Even the much esteemed "middle class" probably pays just a little less than they should.

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