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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMITT-He not only fudges the numbers to America, but also his God.
Romney explains his taxes: Every year Ive paid at least 13%, Romney told reporters during a brief news conference in Greer, S.C., and if you add, in addition, the amount that goes to charity, why the number gets well above 20%. Read more Just a thought, isn't the tithe supposed to be 10%? Assuming he only made donations to his church, that still only adds up to 7% and change. He not only fudges the numbers to America, but also his God. And, if he only made charitable contributions to his church, Scrooge had nothing on him.
http://www.eschatonblog.com/2012/08/good-morning_17.html
http://www.nydailynews.com/news/election-2012/mitt-romney-insists-paid-taxes-13-percent-article-1.1137782#ixzz23nEdMgCU
jberryhill
(62,444 posts)I love that line.
WHAT number gets above 20%? Charitable donations decrease your taxes, but he adds them together.
cleduc
(653 posts)Let's say he made $110 (to keep it simple)
10% to Mormons $ 11 - tax deduction
left with $100 taxable
he pays $ 13.7 in taxes.
So (11 + 13.7)/110 = 22.5% in income tax and Mormon church contribution
22.5% is "well above 20%"
HopeHoops
(47,675 posts)KurtNYC
(14,549 posts)Mitt is promoting the idea that money given to charity counts as taxes paid.
Money given to non-profits is ONLY a deduction from income. BIG difference and he should know better.