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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: brushwud who wrote (108231)1/26/2012 3:20:45 PM
From: bentway  Read Replies (1) | Respond to of 149317
 
Romney also deducts millions he tithes to the LDS church. the LDS church just spent 2 billion dollars buying and re-developing a city block of Salt Lake City - so, it doesn't ALL go to missionaries and charity!

en.wikipedia.org

In Romney’s tax returns, details on Mormon tithe

January 25, 2012|Rachel Zoll, AP Religion Writer
articles.boston.com

Mitt Romney’s newly released tax returns provide more than an accounting of the Republican presidential candidate’s remarkable personal wealth. The documents also give a rare glimpse into tithing to the Mormon church by one its most prominent members.

Romney reports he will give a total of $4.13 million to The Church of Jesus Christ of Latter-day Saints over two years as part of his overall charitable donations. The former Massachusetts governor reported income of about $43 million for the two years. Separately, over the past decade, Romney and his wife, Ann, have given more than $4.7 million to the denomination through the Tyler Charitable Foundation, a multimillion-dollar trust the couple leads.



To: brushwud who wrote (108231)1/26/2012 4:06:44 PM
From: RetiredNow  Read Replies (1) | Respond to of 149317
 
Romney gets almost all of his income from passive income and his published effective rate is 14%, mostly because it tracks the capital gains rate.