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RacerJim -> RE: Romney tax returns (6/17/2012 10:58:51 AM)
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quote:
ORIGINAL: Musicmystery
"The president and his wife, Michelle Obama, reported adjusted gross income of $789,674 in 2011, and paid just over 20 percent of it in federal taxes, according to income tax returns and gift-tax returns released by the White House on Friday. The White House confirmed that Mr. Obama’s secretary, Anita Decker Breckenridge, paid a “slightly higher” tax rate than her boss in 2011, on a salary of $95,000."
The Obama campaign — which posted Mr. Obama’s tax return on its Web site along with his previous 10 returns — assailed Mr. Romney for his refusal to disclose more about his taxes. The campaign has also drawn attention to the tax rates paid by Mr. Romney and his wife, Ann, who derive the bulk of their income from investments, which is taxed at a lower rate than wage income.
“On the eve of April 17th, Governor Romney has yet to provide tax returns from the period in which he made hundreds of millions as a corporate buyout specialist,” the Obama campaign manager, Jim Messina, said in a statement. “Mitt Romney’s defiance of decades of precedent set by presidential candidates on both sides of the aisle, including his own father, begs the question — what does he have to hide?”
Late on Friday, Mr. Romney’s campaign announced that he had filed with the Internal Revenue Service for a six-month extension to file his 2011 return. Andrea Saul, a spokeswoman, said Mr. Romney would file his return “sometime in the next six months, and prior to the election.” It will be filed, she said, when “there is sufficient information to provide an accurate return.”
In January, under pressure from his Republican rivals, Mr. Romney released documents estimating that he had earned $20.9 million in 2011 and paid about $3.2 million in taxes, for an effective tax rate of about 15.4 percent. On a form requesting the extension, he estimated his taxes to be $3,226,623.
http://www.nytimes.com/2012/04/14/us/politics/obamas-release-tax-returns.html
When the Obama campaign posted Obama's tax-returns on the Web they forgot to "hide" the Social Security Number he used, until after someone saw it and ran it though the Federal government's E-Verify and SSNV online SSN verification systems -- both of which it FAILED!
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