Romney Reports Income From Funds at Goldman Sachs

Romney Reports Income From Funds at Goldman Sachs

www.businessweek.com

Mitt Romney’s $21.6 million of income in 2010 included profits from elite funds run by Goldman Sachs Group Inc. and Golden Gate Capital Corp...

Individuals usually need to meet a net worth threshold of at least $5 million to qualify as an investor...

The net worth of the 64-year-old Romney is between $190 million and $250 million, according to an estimate from his campaign. His tax rate in 2010 was 13.9 percent, reflecting the preferential treatment...

(visit the link for the full news article)

Straight from the horses mouth people.

Romney made at least $21.6 Million last year (that is what he claimed to the IRS...) and was charged 13.9% tax on his earnings...

Now please, everyone on ATS... go check your last pay stub... go see what you are being taxed.

I can guarantee to you that it is over 13.9%...

And this is the person they are pushing for president...

If you EVER want to get rid of centralized banking and the ponzi derivatives market, this is not the candidate for you.

www.businessweek.com
(visit the link for the full news article)

Oh snap goldman sachs, rothschild, zionist group hugging lovers. (rant not against Jewish religion) It really shows who is controlling the punches

You know what that's a great idea, I just got my w-2's for 2011. I withhold based on being married and with two kids, I don't like letting the .gov borrow money without paying me interest so I try to minimize any refund. Time to do some math, be back shortly.

If you include federal taxes, social security, and medicare, 13.78% of my income was taxed in 2011 before it even hit my hands. That's just federal too. So I'm paying the same tax rate basically as a multimillionaire.

reply to post by YouAreLiedTo


I am definitely paying more than that, yes.
But in April I will get about 80% of what big brother took back.
I'm not trying to defend Romney but taxes should be the same for everyone... 0%

The fact that he received money from Goldman Sachs should disqualify him for the campaign IMO

reply to post by YouAreLiedTo


something like this..

I'll sign in at a 35% tax rate. All hail middle america! Down with the elite!

Yeah, I'm bitter. Not voting for "magic underwear" man. Nope.

But how do you only pay 12% income tax?

That's the question is it not?
How is that possible?

That is the first thing needed to be defined in this thread
Anyone making over 1M should be paying at least 29% in federal taxes alone, I only mean federal here

So how do individuals do it?
news.yahoo.com...

Anyone?

reply to post by Druid42


So y'all are now in favour of socialist taxes on income??

this should be good....

Originally posted by ModernAcademia
But how do you only pay 12% income tax?

That's the question is it not?
How is that possible?

That is the first thing needed to be defined in this thread
Anyone making over 1M should be paying at least 29% in federal taxes alone, I only mean federal here

So how do individuals do it?
news.yahoo.com...

Anyone?

edit on 24-1-2012 by ModernAcademia because: (no reason given)

The cut is probably because he is owned by the federal reserve (rothschild) gave em the cut

Goldman ballsack is a powerful man, i'm sure at least his connections gave him wiggle room, if this was 1930, people would be storming into the white house hanging these atrocities

reply to post by ModernAcademia
\

I would think like in any business they have so many write off it aint funny, and that first class trip to where ever could be written off as a business meeting, etc

Originally posted by Jordan River
The cut is probably because he is owned by the federal reserve (rothschild) gave em the cut

FED causes inflation which is basically a tax
But the FED has no influence directly with actual taxes

Originally posted by ModernAcademia

Originally posted by Jordan River
The cut is probably because he is owned by the federal reserve (rothschild) gave em the cut

FED causes inflation which is basically a tax
But the FED has no influence directly with actual taxes

it's who you know, rather than what you stand for. and who's pocket book you fill too. money rules the world. 12% is insane, really

the argument can be made that he payed more than in taxes in one year than most people will make in a lifetime.

saying that, people like romney should take up the slack for people not taking in as much.

people making under 30k a year should have no income tax. people in that income tax spend all their money on mortgages, food, electricity etc. which are taxed.

the government will still get revenue, but the financial burden will be alleviated.

What was that guys name ? Ross Perault or something like that ...peace

Mitt Romney can be a good businessman who can make money, but he cannot be a President, this country needs a President, not a CEO.

Originally posted by Aloysius the Gaul
reply to post by Druid42

 

So y'all are now in favour of socialist taxes on income??

this should be good....

I'm in agreement with you here. So, Mitt Romney pays taxes like a boss (3 million last year) on mostly investment income and he's screwing all of us? He paid his taxes according to the law. What is wrong with that?

Now, do I believe all of us should pay less? Hell yeah!

I paid only about 15 percent on my capital gains last year too. Too bad that came to about 300 dollars in taxes. Someone shoot me for not paying more.

Even better, someone shoot me for keeping the other 2000 dollars I made, which I paid 28 percent taxes on the first place. That doesn't make me rich, it makes me able to fix the plumbing problem I had with my house. I'd rather fix my house than give that money to someone who willingly does not want to work.

2 large in my pocket, all legal, and someone wants more of it. I'm tired of the socialist whining when hard work and savings and making the right investments will get you more $$$.

I'm sick of the "Rich keep getting richer, Poor keep getting poorer" mentality out there when Liberal policies keep people poor on Government handouts.

This is America and people do have a chance to get ahead. It's called getting an education and putting in some long hard hours to achieve your dreams.

I rue the day we totally become an entitlement society.

Originally posted by randomname
the argument can be made that he payed more than in taxes in one year than most people will make in a lifetime.

saying that, people like romney should take up the slack for people not taking in as much.

people making under 30k a year should have no income tax. people in that income tax spend all their money on mortgages, food, electricity etc. which are taxed.

the government will still get revenue, but the financial burden will be alleviated.

People making less than 30K a year get most if not all of their withheld income tax back every year.....those are the 47 percent who pay no taxes....

sales taxes yes, and property if they own it, but not income tax....

They pay nothing on income....

and personally, I think they should.

Originally posted by tsawyer2

Originally posted by randomname
the argument can be made that he payed more than in taxes in one year than most people will make in a lifetime.

saying that, people like romney should take up the slack for people not taking in as much.

people making under 30k a year should have no income tax. people in that income tax spend all their money on mortgages, food, electricity etc. which are taxed.

the government will still get revenue, but the financial burden will be alleviated.

People making less than 30K a year get most if not all of their withheld income tax back every year.....those are the 47 percent who pay no taxes....

sales taxes yes, and property if they own it, but not income tax....

They pay nothing on income....

and personally, I think they should.

edit on 24-1-2012 by tsawyer2 because: (no reason given)

edit on 24-1-2012 by tsawyer2 because: added "withheld"

What you are failing to see in that aspect is that when they take those income taxes in January 2010, they are worth less when you get those dollars back in 2011.

Even if you get 100% of your income taxes back at the end of the year, due to inflation, it's still worth less than when they took it from you.

Originally posted by YouAreLiedTo

Originally posted by tsawyer2

Originally posted by randomname
the argument can be made that he payed more than in taxes in one year than most people will make in a lifetime.

saying that, people like romney should take up the slack for people not taking in as much.

people making under 30k a year should have no income tax. people in that income tax spend all their money on mortgages, food, electricity etc. which are taxed.

the government will still get revenue, but the financial burden will be alleviated.

People making less than 30K a year get most if not all of their withheld income tax back every year.....those are the 47 percent who pay no taxes....

sales taxes yes, and property if they own it, but not income tax....

They pay nothing on income....

and personally, I think they should.

edit on 24-1-2012 by tsawyer2 because: (no reason given)

edit on 24-1-2012 by tsawyer2 because: added "withheld"

What you are failing to see in that aspect is that when they take those income taxes in January 2010, they are worth less when you get those dollars back in 2011.

Even if you get 100% of your income taxes back at the end of the year, due to inflation, it's still worth less than when they took it from you.

Which is why I pay a little each year....I keep my money and invest it...then pay the government what I owe. That way I get the profit.