WASHINGTON — Democrats say Mitt Romney manipulated his deductions to keep his overall 2011 federal income tax rate below a certain level for political purposes. The Republican presidential nominee is certain to face new questions about his finances."Ri¢hie Ri¢h," that's what they're calling him. Even though the article claims that Romney manipulated his deductions to keep his tax rate below a certain level, what he actually did was he tricked the IRS by arranging it so he could actually pay a higher tax rate. Which, in case you didn't know, is so much worse than the other way around.
Romney and his wife, Ann, donated roughly $4 million to charities last year, but they only claimed a deduction of $2.25 million on their tax return, filed with the Internal Revenue Service on Friday.
Romney made $13.7 million last year and paid $1.94 million in federal income taxes, giving him an effective tax rate of 14.1 percent. That was a bit above the 13.9 percent rate paid on 2010 income.What an unbelievable bastard! Ri¢hie Ri¢h paid less than 2 million dollars in taxes! That's less than his butler—Jeeves—paid! I know that's bad. I know. But it gets worse! He manipulated his tax returns so that he could pay more taxes. I know what you're thinking, who does that? I'll tell you who does that, a rich guy with so much money, that he's actually willing to over pay his taxes! Now that's what I call out of touch. In related news it turns out that he gave four million dollars to charity. So, basically, he gave away 30% of his income to charity. And you thought people who tithed were nuts!
More precisely, the returns showed that the couple paid $1,935,708 in taxes on income of $13,696,951.
Well, I for one am appalled. The Evil Romney just gives away nearly a third of his money to charity, then as if that wasn't bad enough, the insufferable rich boy goes and pays too much in taxes. At the end of the day, Romney ends up keeping 7.75 million. or 57%.
Stephanie Cutter, deputy campaign manager for President Barack Obama, said the release of Romney’s 2011 tax returns “confirms what we already knew - that people like Mitt Romney pay a lower tax rate than many middle-class families because of a set of complex loopholes and tax shelters only available to those at the topYes, I know Stephanie, I know. Here's a hankie. Try to keep it together. Yes, this confirms what everybody knows—that evil rich people who give a third of their money to charity pay a lower tax rate than middle class families who give nothing to charity. It's because of this evil system of tax deductions, like tax deductions for charitable contributions which—in case you didn't know—are totally not available to the rest of us. Hang-on...somebody just told me that charitable contributions are tax deductible to everyone, not just the rich. Well, even if that's true, who but an out of touch rich person could afford to give away 30% of their income? That's why rich people like Romney get a lower rate, because they deceitfully and spitefully arrange it so that charities get their money instead of Big Government where it belongs. They rob Peter to pay Paul.
Unless of course your name is Ri¢hie Ri¢h Romney. Not only does he give to charity, he doesn't even claim it on his tax return. So he ends up paying both Peter and Paul. I wouldn't be surprised if he didn't have something for George and Ringo too! Rich people! They have absolutely no shame at all. They'll stop at nothing to manipulate the system and force everyone to constantly reevaluate their preconceived misconceptions. Well, what if we don't want to? Did you ever think of that?