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NEWS >POLITICS > ROMNEY TAX RETURNS REVEAL HE MADE WAY MORE MONEY THAN YOU LAST YEAR
ROMNEY TAX RETURNS REVEAL HE MADE WAY MORE MONEY THAN YOU LAST YEAR
January 24 2012
Washington, D.C. – The voters of America finally have a slightly clearer picture of who Mitt Romney is now that the former Governor has finally released his tax returns from last year. The once-presumptive candidate for President has taken a lot of fire over the last few weeks over his indecision regarding the release of his financial records, something which his political opponents have used to hammer him with, possibly resulting in a serious decline in his standing and vote count.
Now though Romney has released those documents, at least for the year 2010, and they reveal pretty much what everyone assumed they would reveal, that Mitt Romney makes way more than the average person and really doesn’t do anything for it, unlike the majority of Americans.
Specifically, Romney made nearly $21 million in 2010, all of which came from various investments across multiple fields. None of that cash came from income, meaning that Romney did not work at all to make more money than most people could even fantasize about having in 2010, a scenario that will likely play out again when his 2011 return is released, or not released, depending on whether or not he’s still in the race for President.
“You’ll see my income, how much taxes I’ve paid, how much I’ve paid to charity. I pay all the taxes that are legally required and not a dollar more. I don’t think you want someone as the candidate for president who pays more taxes than he owes,” Romney said at last night’s Republican debate in Tampa.
Romney, it appears, did pay the absolute minimum in 2010, about 15 percent on his investment income which is located in the Cayman Islands, Luxembourg, and Ireland.
His representatives swear up and down that those investments and his low tax rate are completely and totally legal, which will likely come as a huge relief to millions without jobs and homes.
“This was an absolute necessity. Not only had the other candidates already done this, it speaks to his willingness to engage the American people, his openness as a person. That has been one real concern with Romney, that he is too aloof, too removed from the common man. Now with this release he shows that he pays taxes just like everyone else,” said Scrape TV Political analyst Gabriel Kinsey. “What these returns specifically show is that he pays his taxes just like most Americans with millions invested in tax havens around the world. That will undoubtedly play well with voters both rich and poor, regardless of where their money is invested.”
Romney is reportedly worth upwards of $250 million, slightly more than the average American voter.
“By revealing these records, well this record, Romney shows he can connect to the people. Sure, he may make more money sitting around doing nothing than most people will ever see in their lives, but at least he is earning that money legally, totally one hundred percent legally and that will play well with voters,” continued Kinsey. “Obviously it won’t go as well with tax cheats, but they are a minority. What really matters is that the people can see they will have a President in Romney that doesn’t cheat on his taxes, that does things totally legally and that is really all the people of the country care about. Money be damned, they just want things done legally.”
Romney has also invested at least $10 million in a domestic tax shelter, his wife.
Edward Bastil, Political Correspondent
NEWS >POLITICS > ROMNEY TAX RETURNS REVEAL HE MADE WAY MORE MONEY THAN YOU LAST YEAR
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