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Romney: I Paid at Least 13% in Taxes for the Last Ten Years

by Keith Koffler on August 16, 2012, 2:55 pm

Deciding to respond directly to Senate Majority Leader Harry Reid’s charge that he hadn’t paid taxes for a decade, Gov. Mitt Romney today said he had paid at least 13 percent of his income in taxes over the past ten years.

“I did go back and look at my taxes, and over the past ten years I never paid less than 13 percent,” Romney told reporters. He added that because of the large amount he contributes to charity, which is deductible, the rate “never gets well above 20 percent.”

Romney suggested that Reid, who says a “credible source” told him about Romney’s taxes, actually was making the whole thing up.

“Harry Reid’s charge is totally false,” Romney said. “I’m sure waiting for Harry to put up who it was that told him. what he says they told him I don’t believe it for a minute, by the way.”

An Obama campaign spokeswoman told the New York Times that Romney was probably lying:

Lis Smith, a spokeswoman for the Obama campaign, said that since there was “substantial reason” to doubt Mr. Romney’s claims, “we have a simple message for him: prove it.”

“Given Mitt Romney’s secrecy about his returns,” she said, “coupled with the revelations in just the one return we have seen to date and the inconsistencies between this one return and his other financial disclosures, he has forfeited the right to have us take him just at his word.”

Romney spoke to reporters during a stop in South Carolina.

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{ 28 comments… read them below or add one }

qestout August 16, 2012 at 2:59 pm

I don’t think he should release his taxes, just to appease people who won’t be voting for him anyway.

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Lizzy August 16, 2012 at 3:11 pm

No we don’t know anything about Obama and we should probably see
Joe Biden’s annual medical reports too.

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MarjoJimbo August 16, 2012 at 3:30 pm

I agree.

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zooba tooba August 16, 2012 at 10:11 pm

I haven’t paid taxes in 20 years. But that’s because I sell hot dogs and bottles of water at stop lights when they are red. I am also a genius, but I am so humble I don’t use it for financial gain!

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Cara August 16, 2012 at 3:06 pm

Remember in 2008 when obama’s pick for treasury secretary had unpaid taxes? The press didn’t scream about that & that guy became, has been, & still IS secretary of the treasury. So if the press wants to be outraged about what they perceive as romney’s failure to pay taxes, they need to give democrats equal treatment & be outraged at the current treasury secretary’s failure to pay taxes.

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DeniseVB August 16, 2012 at 3:11 pm

Would a man who declined a salary for the Olympics (and I think Governor?) cheat on his taxes?

What’s up with Harry Reid, he’s more weaselly than usual with his constant unsupported attacks on MR ? I think he already got the max pinnochios and pants on fire ratings for his claims.

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Kevin August 16, 2012 at 3:30 pm

Good points. And, how about the fact that in a given year, Romney gives more to charity and pays more in taxes than most folks make in their entire lives. And, for goodness sakes, at age 65, the man is retired so he doesn’t have highly taxed employment income.

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rawheadrex August 16, 2012 at 3:16 pm

I want to know more about that elephant Harry Reid says Mitt Romney bought.

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srdem65 August 16, 2012 at 3:24 pm

The American people don’t care about MrRomney’s tax returns or how much he paid in taxes to any taxing agency. We care about JOBS, the dismal economy, keeping our military strong, the national debt to name a few issues.
Only the Dems supporting the Obama team are looking for dirt they can whip into mud to stick to MrRomney. I doubt that the average American would even understand the multi-page return that his accountants send to the treasury; heck, we don’t even understand our own returns.

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Star August 16, 2012 at 3:31 pm

The wouldn’t even look at it–they just want to force him to do it. It’s all power games. Just because they are such a lame nuisance–these Cutters, Debbies, and the “rods,” I would NEVER do it, if I were Romney. Or a one for one…Here is 2009, now give me the Occidental transcript…here is… Even that is hair dumb!

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Langley Spook August 16, 2012 at 4:50 pm

Barack Hussein Obama’s “college records”… I still try to ask Obama sycophants why his “college records” are “sealed”? I also ask them what “real job” Obama has ever had? They just look at me and they blather something about being “racist…” -LOL

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MT for re-redistribution August 16, 2012 at 6:26 pm

Yep, and the blathering all sounds kind of mumbly, and the sentences are not complete…

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ArnoldLayne August 16, 2012 at 3:29 pm

I thought bullying was out of favor?

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Montana August 16, 2012 at 3:47 pm

So Willard Mitt Romney tells us that he is a success, its easy when you start with Dad’s money and dad’s contacts (kinda like Trump) and did not do it on your own, but ok, success.

Willard Mitt Romney tells us that Bain was his first success, a company without a product (unlike Steve Jobs, Bill Gates, Henry Ford, Thomas Edison among others who created jobs by the success of their products). What’s even funnier Bain owns “Clear Channel” who has under contract both “Rush Limbaugh” and “Glen Beck”, how do you think they will do after the election. Bain preyed on weak companies and even if these companies went into bankruptcy Bain made money (Willard still gets a check from Bain) not to mention the jobs that were outsourced or their dealings with RED CHINA, but ok maybe Willard did not know that Bain was in to that, sure, why not, right?

Willard Mitt Romney then tells us that his second success is 2002 Winter Olympics. All 2002 Winter Olympics financials have been destroyed, but ok lets take his word, success.

This is Willard Mitt Romney calling card that what our country needs now is someone like him a supposed successful business man.

So given all of Willard Mitt Romney, supposed success, don’t you expect to see an extraordinary success in his position as governor of Massachusetts, his one and only public sector job? If you look at the majority of his statements as to why he should be governor of Massachusetts, they almost mirror his current ones, mainly “I am a successful business man”. But when we look at Massachusetts, it was an ordinary mediocrity, to the point that he could only survive one term, that how good this guy was, but ok according to him he was a success.

Now he wants the top public sector job, hmmm, no not on my watch!

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srdem65 August 16, 2012 at 4:53 pm

Fair enough, let’s talk about Barack Hussein Obama’s success story.
First his experience in the private sector…………………………………………………..0
OK, let’s move on to his success in politics and the great programs he helped institute for the people of Illinois………………………………………………………..0
hmmm.

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Susan August 16, 2012 at 6:13 pm

And Barack Hussein Obama has so much “supposed success” in what area of expertise? Community Organizing? He certainly has been a total failure in his current job.

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Rod August 16, 2012 at 6:16 pm

Decided to stop watching MSNBC for a few minutes to jot down a few thoughts of your own,did we?

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Cooper August 16, 2012 at 7:37 pm

Seriously, do you really believe Obama deserves another four years? The guy is a destroyer, not a unifier. Another four years of his RULE will bring us economic ruin and drive us further apart as a nation. I fear the worst if Obama is re-elected, our descent will be rapid.

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lc southern August 16, 2012 at 9:50 pm

Appears to be crickets…on Obama job experience, on his current performance…more crickets. We have fewer jobs, fewer friends around the world. Higher taxes, larger federal deficit…yes

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ImNoDhimmi August 17, 2012 at 8:27 am

What flavour of koolaid are you drunk on?
Mr. Romney is the only choice for America. If Barry is elected again he will only continue his master paln, the destruction of the USA.

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aunty M August 17, 2012 at 3:52 pm

Hey Montana, Love your state, but must say you are really a sour grapes kinda guy. That is the trouble with you libs, you never smile, you are just so grumpy!

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syn August 17, 2012 at 4:17 pm

In the last four years the only thing Obama has improved is his golf game; everything else Obama has done ended in failure.

Since we can’t afford four more years of failure it is best to retire Obama to his club house.

Vote Romney/Ryan 2012 (they won’t be wasting all their time wacking little white balls)

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Girly1 August 16, 2012 at 5:19 pm

It’s time for a sequel to the ‘Six Million Dollar Man” starring Lee Majors – ‘The Six Trillion Dollar Man” starring Barack Hussein Obama. In about ten days the national debt will explode to 6T. Perfect timing for some great bumper stickers. What a guy!

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MT for re-redistribution August 16, 2012 at 6:22 pm

It is astounding, the double standards the left has, and the bias of the media. They roast George W about his college records. Obama doesn’t disclose. That’s ok with MSM ??. Romney doesn’t disclose taxes. They roast Romney ??

Romney should have spoken up immediately: “I’ll disclose my taxes as soon as Obama discloses (official) transcripts”. I guarantee Romney’s taxes would never be brought up again.

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Stephen A. Hall August 17, 2012 at 8:49 am

The real question is- Why did Candidate Obama release 10 years of Tax Returns? Could it have been that he knew he would face Mitt Romney in a presidential contest and knew that with Romney’s wealth, this could be an issue? That he would be able to leverage the liberal media (MSNBC & Huffington Post) and surogates (Harry Reid & Bill Clinton) to defame and destroy Romney? Is Obama that smart/devious…Yes. Bob Dole is the only other non-incumbent presidential presidential candidates to release multiple (30) Tax Returns. Why, you ask? Because he ran against Bill Clinton who is the only modern, major-party presidential candidate that refused to release the forms he sent to the IRS. Clinton did release his IRS tax forms in 1996, after he had been in office 3+ years and was running against-you guessed it- Bob Dole. This is the same Bill Clinton that the Obama administration trotted out on the liberal media circuit just last week, as an authoritive voice, to declare that 10 years of Tax Returns is the norm for presidential candidates! Please Google: No Disclosure: Presidential Candidates Defy, Refuse to Release Taxes. This article appeared in ABC News (Politics) on 5/11/2007 written by Jennifer Rubin. Partial information is available on: Taxanalysts-Tax History Project-Presidential Tax Returns. My phone call with Taxanlysts indicated that their information was a work in progress and not a complete record.

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Jeff1000 August 17, 2012 at 11:30 am

Why bother explaining Mitt? The left doesn’t understand what capital gains are anyway. As far as they’re concerned, the lower percentage of taxes you pay is your income tax no matter what you say.

It doesn’t matter to the left that income that is earned is taxed as ordinary income before it is ever invested, then if an investor is fortunate or lucky enough to see a profit (capital gains) for taking on the risk of losing it all, it is taxed a second time as capital gains, and it’s taxed a third time at the corporate level.

Capital gains are taxed at a lower rate because it is money that has already been taxed as ordinary income, and it is taxed at a lower rate to spur investment; and unlike earned income, it is money at risk of being completely lost, hence the lower rate. None of this is understood by your average leftist, and the “elitists” on the left are just lying to score political points, and to try to steal the election.

The leftists who invest are paying the same capital gains rate as Mitt Romney. It is the same rate that every citizen in the country is required to pay for capital gains.

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Sol August 17, 2012 at 9:30 pm

That “president” wants tax returns?

Romney SHOULD tell him “I’ll MATCH you my tax returns for your Columbia University school records: year-for-year.”

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Montana September 1, 2012 at 1:51 pm

My point on Bain is even on those companies “They had to close” and Bain them into bankruptcy Bain made money. My point on his so called “Business Success” and how that will translate into “Public Sector” success is he already has been tested and he could not even survive a second term in his first “Public Sector” job as governor of Massachusetts.

Steve Jobs, Bill Gates, Henry Ford, Thomas Edison are real successes unlike Willard Milton Romney!. He is like a flip, flopping fish out of water.

http://www.thedailyshow.com/watch/thu-august-30-2012/rnc-2012—the-road-to-jeb-bush-2016—mitt-romney–a-human-who-built-that

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