BuzzFeed - Buzz Tagged "taxes" http://www.buzzfeed.com BuzzFeed, Find Your New Favorite Thing en Copyright 2012 BuzzFeed, Inc. Sun, 12 Feb 2012 15:39:03 -0500 editor@buzzfeed.com (http://www.buzzfeed.com/about) info@buzzfeed.com (http://www.buzzfeed.com/about) Romney Comes Clean On Tax Rate http://www.buzzfeed.com/zekejmiller/romney-comes-clean-on-tax-rate Admits he probably pays lower effective rate than many middle income Americans.

(Getty Images / EMMANUEL DUNAND)

FLORENCE, South Carolina—Republican presidential front-runner Mitt Romney admitted on Tuesday that he pays an effective tax rate below that of many middle class families.

Asked by a reporter what his effective tax rate was, Romney replied: "It’s probably closer to the 15 percent rate than anything."

He continued: "For the past ten years, my income comes overwhelmingly from investments made in the past, rather than ordinary income or earned annual income. I got a little bit of income from my book, but I gave that all away. Then, I get speakers fees from time to time, but not very much."

A Congressional Research Service report published last year showed that some families making less than $100,000 pay an effective tax rate greater than 26.5 percent.

Romney has been dodging the question of his tax returns for years, refusing to release them in his ill-fated 2008 run. In his 1994 Senate bid, Romney made a campaign issue out of Sen. Ted Kennedy's refusal to release his tax returns.

Under attack last night from Texas Gov. Rick Perry, Romney said we "probably" would release them if he's the nominee in April.

Today Romney stopped equivocating, saying will release the returns in April if he is the nominee, adding most people would be interested in seeing how he's been doing in the past year.

His senior adviser Eric Fehrnstrom maintained last night that Romney would just be "following precedent" by releasing them in April.

]]> http://www.buzzfeed.com/zekejmiller/romney-comes-clean-on-tax-rate Tue, 17 Jan 2012 11:32:01 -0500 <b>Admits he probably pays lower effective rate than many middle income Americans.</b> zekejmiller nonadult nonadult FLORENCE, South Carolina&mdash;Republican presidential front-runner Mitt Romney admitted on Tuesday that he pays an effective tax rate below that of many middle class families. Asked by a reporter what his effective tax rate was, Romney replied: "It&rsquo;s probably closer to the 15 percent rate than anything." He continued: "For the past ten years, my income comes overwhelmingly from investments made in the past, rather than ordinary income or earned annual income. I got a little bit of income from my book, but I gave that all away. Then, I get speakers fees from time to time, but not very much." A Congressional Research Service report <a href="http://www.washingtonpost.com/business/economy/report-one-in-four-millionaires-pays-less-in-taxes-than-the-middle-class/2011/10/12/gIQAh8XNfL_story.html">published last year</a> showed that some families making less than $100,000 pay an effective tax rate greater than 26.5 percent. Romney has been dodging the question of his tax returns for years, refusing to release them in his ill-fated 2008 run. In his 1994 Senate bid, Romney made a campaign issue out of Sen. Ted Kennedy&#39;s refusal to release his tax returns. Under attack last night from Texas Gov. Rick Perry, Romney said we "probably" would release them if he&#39;s the nominee in April. Today Romney stopped equivocating, saying will release the returns in April if he is the nominee, adding most people would be interested in seeing how he&#39;s been doing in the past year. His senior adviser Eric Fehrnstrom maintained last night that Romney would just be "following precedent" by releasing them in April. nonadult Ronald Reagan's Ghost Has Possessed Barack Obama http://www.buzzfeed.com/provincialelitist/ronald-reagans-ghost-has-possessed-barack-obama

We now have video evidence that shows how the Gipper's ghost has taken over Barack Obama and is forcing him to tax rich people.

]]> http://www.buzzfeed.com/provincialelitist/ronald-reagans-ghost-has-possessed-barack-obama Tue, 04 Oct 2011 12:18:20 -0400 <b>We now have video evidence that shows how the Gipper&#39;s ghost has taken over Barack Obama and is forcing him to tax rich people.</b> provincialelitist nonadult Bill O'Reilly Threatens To Quit If... http://www.buzzfeed.com/jpmoore/bill-oreilly-threatens-to-quit-if-his-taxes-a Mr. President, I think you know what to do.

LINK: newshounds.us

]]> http://www.buzzfeed.com/jpmoore/bill-oreilly-threatens-to-quit-if-his-taxes-a Tue, 20 Sep 2011 16:22:19 -0400 <b>Mr. President, I think you know what to do.</b> jpmoore nonadult nonadult nonadult nonadult The MSNBC Republican Debate In 45 Seconds http://www.buzzfeed.com/provincialelitist/the-msnbc-republican-debate-in-45-seconds I watched the whole thing and I'd say this pretty much covers it.

]]> http://www.buzzfeed.com/provincialelitist/the-msnbc-republican-debate-in-45-seconds Thu, 08 Sep 2011 11:59:39 -0400 <b>I watched the whole thing and I&#39;d say this pretty much covers it.</b> provincialelitist nonadult 29 Companies Have More Cash Than The U.S. Treasury http://www.buzzfeed.com/provincialelitist/29-companies-have-more-cash-than-the-us-treasury The most powerful nation on earth currently is tied with Google for the amount of cash that it has. Treasury cash balances were depleted from from $130 billion to just $39 billion in the first half of July. More at ThinkProgress .

View Entire List ›

Source: thinkprogress.org

]]> http://www.buzzfeed.com/provincialelitist/29-companies-have-more-cash-than-the-us-treasury Mon, 18 Jul 2011 11:02:00 -0400 <b>The most powerful nation on earth currently is tied with Google for the amount of cash that it has.</b> Treasury cash balances were depleted from from $130 billion to just $39 billion in the first half of July. More at <b><a href="http://thinkprogress.org/economy/2011/07/18/271513/29-companies-more-cash-than-treasury/">ThinkProgress</a></b>. provincialelitist nonadult President Obama Vs. Eric Cantor http://www.buzzfeed.com/gavon/president-obama-vs-eric-cantor Here's the widely reported rhetorical smackdown that President Obama delivered to House Majority Leader Eric Cantor during yesterday's debt ceiling negotiations, conveniently presented in words and pictures. All of Obama's remarks are quotes provided by multiple sources who attended the meeting, including Cantor himself. All of Cantor's remarks are admittedly simplified paraphrases based on the same sources.

View Entire List ›

]]> http://www.buzzfeed.com/gavon/president-obama-vs-eric-cantor Thu, 14 Jul 2011 14:23:59 -0400 <b>Here&#39;s the widely reported rhetorical smackdown that President Obama delivered to House Majority Leader Eric Cantor during yesterday&#39;s debt ceiling negotiations, conveniently presented in words and pictures.</b> All of Obama&#39;s remarks are quotes provided by multiple sources who attended the meeting, including Cantor himself. All of Cantor&#39;s remarks are admittedly simplified paraphrases based on the same sources. gavon nonadult Wikileaks Reveals U.S. Tax Dollars Fund Child Sex Slavery in Afghanistan http://www.buzzfeed.com/chrismenning/wikileaks-reveals-us-tax-dollars-fund-child-sex

U.S. government contractor DynCorp threw a party for Afghan security recruits featuring trafficked boys as the entertainment. Bacha bazi is the Afghan tradition of “boy play” where young boys are dressed up in women's clothing, forced to dance for leering men, and then sold for sex to the highest bidder.

Read More On humantrafficking.change.org ›

]]> http://www.buzzfeed.com/chrismenning/wikileaks-reveals-us-tax-dollars-fund-child-sex Fri, 10 Dec 2010 11:45:27 -0500 <b>U.S. government contractor DynCorp</b> threw a party for Afghan security recruits featuring trafficked boys as the entertainment. Bacha bazi is the Afghan tradition of "boy play" where young boys are dressed up in women&#39;s clothing, forced to dance for leering men, and then sold for sex to the highest bidder. chrismenning nonadult Warren Buffett: I &#39;Should Be Paying a Lot More in Taxes&#39; http://www.huffingtonpost.com/2010/11/21/warren-buffett-paying-more-taxes_n_786516.html

Billionaire Warren Buffett rebutted claims that the Obama administration is unjustly hurting business orders with high taxes by saying that in fact, the wealthy have never had it so good.

Read More On huffingtonpost.com ›

]]> http://www.huffingtonpost.com/2010/11/21/warren-buffett-paying-more-taxes_n_786516.html Tue, 23 Nov 2010 09:04:12 -0500 Billionaire Warren Buffett rebutted claims that the Obama administration is unjustly hurting business orders with high taxes by saying that in fact, the wealthy have never had it so good. huffpost nonadult Your 2009 Tax Receipt http://www.buzzfeed.com/akdobbins/your-2009-tax-receipt Here is what you paid for in 2009, if you paid your federal taxes.

]]> http://www.buzzfeed.com/akdobbins/your-2009-tax-receipt Sat, 02 Oct 2010 17:02:04 -0400 Here is what you paid for in 2009, if you paid your federal taxes. akdobbins nonadult Amusement Tax http://www.buzzfeed.com/reddit/well-i-was-amused-i-guess-its-fair I was amused, so I guess it's fair…

]]> http://www.buzzfeed.com/reddit/well-i-was-amused-i-guess-its-fair Tue, 22 Jun 2010 02:32:03 -0400 I was amused, so I guess it&#39;s fair... reddit adult Real Taxpayers of Genius http://www.buzzfeed.com/expresident/real-taxpayers-of-genius

There should be some sort of rule that bars State Comptrollers from trying to make “viral” videos.

]]> http://www.buzzfeed.com/expresident/real-taxpayers-of-genius Mon, 09 Feb 2009 15:57:50 -0500 There should be some sort of rule that bars State Comptrollers from trying to make "viral" videos. expresident nonadult Not Paying Taxes http://www.buzzfeed.com/akdobbins/not-paying-taxes

So Obama's cabinet nominees are not really into paying taxes.

The Best Links:

  1. Now Labor Secretary Hilda Solis is also in trouble for unpaid taxes
  2. More pictures of people who don’t like paying taxes
  3. Daschle withdraws his nomination
  4. Killefer skipped taxes on “household help”
  5. Say goodbye to these glasses.
  6. Geithner blames Turbo Tax for his $34,000 in unpaid taxes
  7. Taxes are hard.
  8. Daschle failed to pay $128,000 in taxes
  9. Daschle: ‘I Am Deeply Embarassed and Disappointed’
  10. Tax dominoes begin to topple
  11. Geithner explains his mistake
  12. Nancy Killefer withdraws over tax concerns
  13. Why Daschle’s tax problem was worse than Geithner’s tax problem
  14. Geithner: “I should have been more careful”
]]> http://www.buzzfeed.com/akdobbins/not-paying-taxes Tue, 03 Feb 2009 12:58:26 -0500 So Obama&#39;s cabinet nominees are not really into paying taxes. akdobbins nonadult Death and Taxes http://www.buzzfeed.com/sarahmorgan/death-and-taxes-d8

Wallstats.com has a crazy interactive visual representation of where your federal tax dollars go.

Read More On wallstats.com ›

]]> http://www.buzzfeed.com/sarahmorgan/death-and-taxes-d8 Sat, 25 Oct 2008 17:34:43 -0400 Wallstats.com has a crazy interactive visual representation of where your federal tax dollars go. sarahmorgan adult Tax Wars http://www.buzzfeed.com/jonah/tax-wars

Libertarian BuzzFeed user Fair Game tells a story explaining how progressive taxation could lead to class warfare.

Read More On buzzfeed.com ›

]]> http://www.buzzfeed.com/jonah/tax-wars Thu, 23 Oct 2008 12:17:27 -0400 Libertarian BuzzFeed user <a href="http://buzzfeed.com/sjazic">Fair Game</a> tells a story explaining how progressive taxation could lead to class warfare. jonah nonadult Obama &amp; McCain's Tax Plans (To Scale) http://www.buzzfeed.com/chris/obama-mccains-tax-plans-to-scale How much money will each candidate’s tax plan save the average American? Here’s a more accurate graph that takes into account the proportions of the population at each income level.

]]> http://www.buzzfeed.com/chris/obama-mccains-tax-plans-to-scale Fri, 12 Sep 2008 22:33:32 -0400 How much money will each candidate's tax plan save the average American? Here's a more accurate graph that takes into account the proportions of the population at each income level. chris nonadult