{"id":2626,"date":"2012-09-24T06:42:25","date_gmt":"2012-09-24T10:42:25","guid":{"rendered":"http:\/\/therationalprogressive.com\/cms\/?p=2626"},"modified":"2012-09-24T06:42:25","modified_gmt":"2012-09-24T10:42:25","slug":"romney-tax-returns-days-late-dollars-short-still-incomplete","status":"publish","type":"post","link":"http:\/\/therationalprogressive.com\/cms\/2012\/09\/romney-tax-returns-days-late-dollars-short-still-incomplete\/","title":{"rendered":"Romney Tax Returns: Days Late, Dollars Short, Still Incomplete"},"content":{"rendered":"<p style=\"font-size: 1.25em; line-height: 1.6em; margin: 0px 0px 1em; color: #000000; font-family: arial, helvetica, sans-serif; background-color: #ffffff;\">The top-line takeaway from the returns isn\u2019t particularly good\u2014his 2011 tax rate was 14.1 percent, below the effective tax rate for most Americans despite Romney\u2019s vast wealth. (The middle 20 percent of households<a style=\"color: #496a8b; text-decoration: none;\" href=\"http:\/\/www.whitehouse.gov\/economy\/buffett-rule\">paid<\/a>\u00a0a 16 percent federal income tax rate in 2010). Most of Romney\u2019s income is from capital gains, which is taxed at a lower rate than income\u2014and Obama wants to change that and raise the rate, while Romney does not.<\/p>\n<p style=\"font-size: 1.25em; line-height: 1.6em; margin: 0px 0px 1em; color: #000000; font-family: arial, helvetica, sans-serif; background-color: #ffffff;\">The returns are sure to underscore the absurdity of someone who made $13,696,951 last year, as Romney did, paying a lower tax rate than, say, a plumber in Memphis.<\/p>\n<p style=\"font-size: 1.25em; line-height: 1.6em; margin: 0px 0px 1em; color: #000000; font-family: arial, helvetica, sans-serif; background-color: #ffffff;\">Additionally, by the campaign\u2019s own\u00a0<a style=\"color: #496a8b; text-decoration: none;\" href=\"http:\/\/www.mittromney.com\/blogs\/mitts-view\/2012\/09\/note-trustee-brad-malt\">admission<\/a>, Romney purposely did not deduct all of his charitable giving\u2014claiming only $2.25 million out of about $4 million\u2014to make his rate \u201cconform to the Governor\u2019s statement in August\u2026that he paid at least 13% in income taxes in each of the last 10 years.\u201d If he did the deductions in full, he would have paid\u00a0<a style=\"color: #496a8b; text-decoration: none;\" href=\"http:\/\/twitter.com\/grossdm\/statuses\/249205278573219840\">around 9 percent<\/a>.<\/p>\n<p><strong>MORE<\/strong>:\u00a0 <a href=\"http:\/\/www.thenation.com\/blog\/170094\/romney-tax-returns-days-late-dollars-short-still-incomplete\" target=\"_blank\">Romney Tax Returns: Days Late, Dollars Short, Still Incomplete | The Nation<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<hr\/>\n","protected":false},"excerpt":{"rendered":"<p>The top-line takeaway from the returns isn\u2019t particularly good\u2014his 2011 tax rate was 14.1 percent, below the effective tax rate for most Americans despite Romney\u2019s vast wealth. (The middle 20 percent of householdspaid\u00a0a 16 percent federal income tax rate in 2010). Most of Romney\u2019s income is from capital gains, which is taxed at a lower&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,22],"tags":[249,26,295,301,434,788],"_links":{"self":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/2626"}],"collection":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/comments?post=2626"}],"version-history":[{"count":1,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/2626\/revisions"}],"predecessor-version":[{"id":2627,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/2626\/revisions\/2627"}],"wp:attachment":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/media?parent=2626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/categories?post=2626"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/tags?post=2626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}