Carlin: Wall Street Owns Washington

Romney pays tax rate ‘higher than what 97% of Americans pay’

President Obama’s campaign, with a good dose of help from the media, is pushing a claim that millionaire Mitt Romney is taxed at a “lower rate” than someone making $50,000 a year.

The claim, though, is open to debate. It only holds up in a particular scenario in which both income and all payroll taxes are counted.

The president’s campaign presumably is referring to Romney’s release last week of his 2011 tax […]

Romney Makes Good On Promise – Releases 20 yrs. of tax returns!

Romney made good on his pledge to release his tax returns from 2011 before the election, and went a step further than was previously anticipated in releasing a certified summary of his tax returns over a two-decade period preceding 2010.

You can see them here: http://www.mittromney.com/disclosure

The Republican’s campaign said Romney paid more than $1.9 million in taxes on income of about $13.7 million. That amounts to a 14.1 percent effective tax rate; […]

Romney Releases 2011 Tax Returns; Paid $1.9 Million on $13.7 in Income, donated $4,020,772 to charity, Doubles rate of Obamas’ giving…

The Romney campaign is releasing Mitt and Ann Romney’s 2011 tax return today. The campaign previews a few of the highlights here:

In 2011, the Romneys paid $1,935,708 in taxes on $13,696,951 in mostly investment income.

The Romneys’ effective tax rate for 2011 was 14.1%.

The Romneys donated $4,020,772 to charity in 2011, amounting to nearly 30% of their income.

The Romneys claimed a deduction for $2.25 million of those charitable contributions.

The Romneys’ generous charitable donations […]

COMING UP: Mitt Romney Releases 2011 Tax Filing At 3:00 PM

Everyone has been desperately waiting for this. At 3:00 pm it will be publicly released. Hopefully, shortly thereafter we can proceed with the discussion of important things such as the complete economic collapse of not only America, but the entire world (which is apparently now hooked into voting for Obama as disclosed earlier). For those strapped for time here is the summary: Romneys 2011 tax rate 14.1%, Charity donations: 30%; Obamas […]

Paul Ryan: I gave ‘several years’ of tax returns to the Romney campaign

U.S. Representative Paul Ryan of Wisconsin said he provided “several years” of tax records toMitt Romney’s campaign as part of its vetting process for choosing a running mate on the Republican presidential ticket.

Ryan also said he planned to release two years of his tax records to the public, as Romney has pledged to do. Democrats and even some Republicans have called on Romney to release more years of his returns.

“It was a very exhaustive […]

Corporation That Paid Nothing In Taxes For Four Years Tells Congress It Pays Too Much In Taxes: ‘Corning Inc. was one of 26 companies that managed to avoid paying any American income taxes, even though it earned nearly $3 billion during that time.’

Over a four years period from 2008 to 2011, Corning Inc. was one of 26 companies that managed to avoid paying any American income taxes, even though it earned nearly $3 billion during that time. In fact, according to Citizens For Tax Justice, the company received a $4 million refund from 2008 to 2010. That didn’t stop Susan Ford, a senior executive at the company, from telling the House Ways and Means Committee this […]

THE DlRTY D0ZEN 30+ YEAR SECRETS OF THE RICHEST FRAUDS:

1. US had HIGHEST INEQUALITY OF WEALTH before FINANCIAL CRISIS – FAR WORSE NOW!

2. America = Highest Wealth Inequality in Developed World and OUR HISTORY!

3. “War against working people by EIIitist and Business class is bitter “HIDDEN” Class  Read More…

4. RICH EscaIating At tack on US workers started 1970 (Nixon) and ACCELERATING IN 1980s (Reagan)!

5. 1970 CEOs made in One Year what Workers earned in 25 YEARS

6. 2010 CEOs made […]

America’s Richest 400 families paid avg 11.6% effective tax rate last year.

Six American families paid no federal income taxes in 2009 while making something on the order of $200 million each. This is one of many stunning revelations in new IRS data that deserves a thorough airing in this year’s election campaign.

The data, posted on the IRS website last week, brings into sharp focus the debate over whether the rich need more tax cuts (Mitt Romney and congressional Republicans) or should […]

The Bush tax cuts for the rich were one of the biggest shenanigans the American MIddle Class was ever subjected to.

These tax cuts, together with the two Bush-wars, have nearly bankrupted our country, and now they are trying to stick it to Obama. 

Yes, we are all getting some taxes cut, but while the average Joe saves a couple of hundred bucks a year, the rich get often out of paying taxes at all.

The Federal income tax rate for a single person making over $ 83k a year was 28%. For married filing jointly […]

Obama’s Second-Term Taxes

How will he tax us? Let us count the ways:

• Most basic, of course, will be an increase in tax rates. Those paying 33 percent will now pay 36 percent. People paying 35 percent will now pay 40 percent. Most people accept and expect that Obama will raise these brackets if he is reelected. But they don’t realize what else he will do.

• As he advocated in the 2008 campaign, […]

… and Joe Biden’s tax return reveals the Vice President gave just 1.5% of his $380,000 income to charity

Joe Biden has increased his giving to worthy causes more than fivefold since he became vice-president but he still donated a paltry 1.5 per cent of his income, well under half the national average.

In tax returns released by the White House, it was revealed that Biden and his wife Jill earned $379,035 in 2011 and paid $105,362 in taxes.They gave $5,540 to charity.

The tax returns were made public in part […]

Obama urges Congress to pass ‘Buffett rule’ as he renews calls to increase taxes on millionaires

President Barack Obama is calling on Congress to increase taxes on millionaires, reviving a proposal he first pitched last September that aims to draw sharp election-year lines between the president and the Republican opposition.

The plan, scheduled for a vote in the Democratic-controlled Senate on April 16, stands little chance of passing in Congress.

But it is a prominent symbol of the efforts the president and congressional Democrats are making to portray […]