Romney's Tax Returns

[ClydeR]

While he again demurred on questions about why he has not released his tax returns, Romney offered a hint of what will be the biggest headline when he eventually (presumably) does disclose them. He told reporters that his "effective tax rate" is "closer to 15 percent"—far less than what most middle income families around the country pay. He explained that most of his income today comes from "investments I've made in the past" and from book sales.

More...

After carefully reviewing all available evidence, I am calling it. First, Romney will release his returns. Second, his effective tax rate will be closer to 14% than to the 15% figure he cited.

[Parkbandit]

15% seems about right.. given how he made his money last year.

And that's 15% on top of what he actually paid in taxes when he received a traditional paycheck.

[Delias]

And yet, if I had his money, I'd burn mine. And the fire would be small.

[Keller]

15% seems about right.. given how he made his money last year.

And that's 15% on top of what he actually paid in taxes when he received a traditional paycheck.

When was the last time he received a traditional paycheck?

[Rinualdo]

Remember, there was a couple of times he feared getting a pink slip.

[Tsa`ah]

Or that he's currently unemployed ... or that he didn't get much for speaking events.

[Parkbandit]

When was the last time he received a traditional paycheck?

I don't know his personal story.. but likely working for Bain Capital or the Olympics. As far as I know, he gets most of his money from investments.

[Keller]

I don't know his personal story.. but likely working for Bain Capital or the Olympics. As far as I know, he gets most of his money from investments.

Unless he was advised by a bunch of baffoons, there is no way he received a significant paycheck at Bain.

I have no idea what he got for the Olympics, but I assume it was a public service position and not a significant amount of money.

[Lulfas]

When was the last time he received a traditional paycheck?

Likely the money he was paid for speeches will count as wages and be taxed correctly.

[ClydeR]

And that's 15% on top of what he actually paid in taxes when he received a traditional paycheck.

Are you sure that's how carried interests work? I'm not saying you're wrong. I'm just saying that you're guessing.