Tax Returns: Romneys Gave More than Obamas

Posted on September 21, 2012 by Conservative Byte





Tax returns for 2011 set to be released today by Mitt and Ann Romney reveal that they gave away a higher percentage of their income to others than did Barack and Michelle Obama, when both taxes and charity are taken into account.


The full returns, along with a notarized letter from PricewaterhouseCoopers (PWC), the Romney’s tax preparer, giving a summary of tax rates from the Romneys’ tax returns for the 20-year period of 1990-2009, will be released at 3 p.m. eastern time.
In 2011, the Romneys donated $4,020,772 to charity, which was 30% of their income. The Romneys also paid $1,935,708 in taxes on $13,696,951 in income, which is an effective 2011 tax rate of 14.1%. In total, they gave 44.1% of their income to others.


In 2011, the Obamas paid $162,000 in income tax in 2011. They donated $172,000 to charity. Their effective tax rate was 20.5% and they gave roughly 22% of their income to charity, which means the Obamas gave about 42.% of their income to others.


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WHO’S GREEDY? Obama Gave 1% to Charity, Romney Gave 15%

Posted on January 25, 2012 by Conservative Byte




Democratic presidential candidate Barack Obama and his wife Michelle gave $10,772 of the $1.2 million they earned from 2000 through 2004 to charities, or less than 1 percent, according to tax returns for those years released today by his campaign.


The Obamas increased the amount they gave to charity when their income rose in 2005 and 2006 after the Illinois senator published a bestselling book. The $137,622 they gave over those two years amounted to more than 5 percent of their $2.6 million income.
Romney charitable contributions


Tax year Taxable income Charitable donations Donations as % of income

2010 $21.7 million $2.98 million 13.73%
2011 (est) $20.9 million $4 million 19.14%

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Read more: WHO’S GREEDY? Obama Gave 1% to Charity, Romney Gave 15% | Conservative Byte



Nevada Republican to Harry Reid: Make our day, release your 2011 tax return

Posted on September 21, 2012 by Conservative Byte


Should Sen. Democratic leader Harry Reid follow in the footsteps of GOP presidential nominee Mitt Romney by releasing his 2011 tax return?


Dave Buell, chairman of the Washoe Country Republican party in Mr. Reid’s political backyard of Nevada, certainly thinks so.


“Senator, make our day and release your 2011 tax return,” he said in an email blast Friday evening.


Citing an anonymous source, Mr. Reid has repeatedly claimed in recent weeks that Mr. Romney “didn’t pay taxes for 10 years.”
Mr. Romney countered that over the past ten years he never paid less than 13 percent of his taxable income and that “Harry Reid’s charge is totally false.”


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Read more: Nevada Republican to Harry Reid: Make our day, release your 2011 tax return | Conservative Byte







I think it is called "write offs", they all have more than us plan ole "Americans"