I don't mind addressing drive-by trolls.
"It's almost as if someone, who has got rich, has to be, somehow, ashamed of that fact !!!"}
The way I see it, it's almost as if some who have become rich have to be ashamed of contributing to the country and the employees who made them rich; they didn't do it on their own. Thus, the Waltons are ashamed to pay a living wage, least the McDonald-Krocs and Kochs laugh at them during polo matches. Wouldn't do for the Waltons to only be worth as much as the bottom 35%; no, even matching the bottom 40% isn't good enuf..
If Willard wasn't ashamed, he would have claimed the full deduction he was entitled to. Now that the election is over, he's prolly amended his taxes to get more money he can stash in the Caymans. Too bad he was already caught with blueberry pie on his face.
Romney Forgoes Full Charity Tax Break for 13% 2011 Rate
Republican presidential candidate Mitt Romney chose to pay more in taxes than he needed to, forgoing about $250,000 in deductions to keep his tax rate above 13 percent.
Romney claimed tax deductions for $2.25 million of the $4 million he made in charitable contributions in 2011, his campaign said yesterday before releasing his tax returns. The decision to pay more in taxes than necessary was political. Romney had told reporters that he hadn’t paid an effective rate of less than 13 percent over the past decade, in an effort to deflect Democratic attacks.
“It’s almost like he’s conceding, ‘Hey, no one’s going to want to see me go less than that 13 percent rate so I’m going to massage my deductions and actually forsake some of them to placate the American public,’” said Tony Nitti, a partner at WithumSmith & Brown PC in Aspen, Colorado, who prepares returns for high-income taxpayers. “I don’t know if it will placate anybody. The people who have issues with his tax rate are still going to have issues with his tax rate.”
bloomberg.com |
