January 24th, 2012
08:40 AM ET
11 years ago
Romney made $42.7 million in 2 years
New York (CNNMoney) - Republican presidential candidate Mitt Romney made $42.7 million over the past two years and paid $6.2 million in taxes, according to documents released Tuesday by his campaign.
Romney and his wife, Ann, filed a joint 1040 reporting $21.7 million in 2010 income and $3 million in federal taxes. They also said their 2011 income was $21 million and tax bill was $3.2 million.
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The American Dream come true. Don't we all want to have so much money that dividends, capital gains and interest net us $40 million a year? The question is whether the tax rate on such gains should be 0% (Gingrich), 15% (now and Romney), 20% (proposed by Obama) or same tax rate as regular wage income (35%s for upper income, Ronald Reagan).
I'm happy that Romney is successful and is good at what he does, however he wants to run our country like he runs a business, and he feels this country like a business there are winners and losers. We already know who he feels the losers are.
It's not how much Mitt Romney made in two years ,It's how little taxes he payed on those grandois amounts he made. The world is still waiting patiently with bated breath on the tax returns for the years with Bain Capital.
No wonder he shows his arrogance without shame when he told that woman in new hampshire who is unemployed that he is also unemployed. What he didn't tell that woman that he made over 42 million. Yeah you sure are unemployed. Jerk
That's not the point.
The last year I worked I made a little over $70,000 and paid 28%.
And I actually WORKED.
1. It would behoove Mitt Romney to drop the mom jeans and oxford look. The whole ...I'm one of you... meme that he's trying so hard to cultivate is nauseating. Right up there with his ...look at me I wash my own laundry ha-ha... baloney.
2. For Pete's sake the man's running for President... yet here he is, trying to defend his Swiss accounts, his Cayman accounts, and his other investments held outside of the United States.
3. Assuredly this isn't the best time politically for Mitt Romney to try and buy the US presidency. He exemplifies elitism as it's very worst, tries selling it as envy, and gets all hot and bothered when others - 99% of us - snicker.
Nevertheless, and contrary to popular perception, Romney's effective federal income tax rate is still above that of many Americans - 80% of whom have an effective rate below 15%.
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Not only is Mitt Romney's tax return sqeaky clean, he paid his fair share of taxes. In fact, the irony is that Mitt Romney is currently going after employment working for the Federal Government knowing full well that it will increase his tax burden. I plan to help him get that job.
No wonder he shows his arrogance without shame when he told that woman in new hampshire who is dealing with unemployment of her own that he is also unemployed. What he didn't tell her is that he was making 42 million while he claims to be unemployed. Some unemployed guy you are, pompous jerk.