With President Obama expected to use his second-chance debate this week to portray Mitt Romney as an uncaring rich guy, a new analysis of the GOP candidate's wealth shows that the millionaire was so generous that he kept just 42 percent of his income.
Obama's team has mocked the 14.1 percent tax rate that Romney is in as shirking his responsibility. But Charlottesville, Va.-based Marotta Wealth Management, which pens a widely-followed research blog, found that when Romney's tax burden and charitable gifts are included, he paid out 57.9 percent of his income.
"Giving $2.3 million to charity certainly should not be the basis of any criticism," said David Marotta. "It is money the Romney's did not keep for themselves, so I am counting it with the money lost to taxes."
His basic math for Romney's 2011 return: $18.6 million in income minus $10.8 million in taxes and charity results in a net of $7.8 million, 42.1 percent of gross. Ditto for 2010, said Marotta.
http://washingtonexaminer.com/taxes-charity-cost-romney-57.9-percent-of-income/article/2510746#.UHwQ8sXA-4d
By: Pugnator
In: Politics
Tags: Mitt Romney, Charity, Taxes
Location: United States (load item map)
Marked as: approved
Views: 786 | Comments: 74 | Votes: 2 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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In the eyes of a liberal it's not generous unless it was taken by the government.
Posted Oct-15-2012 Bylonewolf6972 (677.46) lonewolf6972 View Channel Send Message
(5)
@lonewolf6972 Best comment so far.
Posted Oct-15-2012 Bymsbav8r (88.24) msbav8r View Channel Send Message
(1)
You could add all the charity given by all the Democrats that have run against him and against Obama in 2008 for that matter and it still wouldn't equal what Romney gives to charity in any given year. The so called "charitable" left that claims it holds the monopoly on doing good for the poor actually does very little for the poor. They only know how to give away other people's money.
Also, the money that Romney gives away has been taxed several times at different rates. He earned the More..
Posted Oct-15-2012 ByINDO_420 (593.22) INDO_420 View Channel Send Message
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Obamas policies have resulted in a boom for the charity industry...
More people need charity now more than ever..
Posted Oct-15-2012 ByXyBerFuNK (1212.00) 
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He's a mormon. They do things like that.
Posted Oct-15-2012 ByTMoray1 (737.46) 
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It's true that Obama cares more for the needy, because he has made millions more of them
Posted Oct-15-2012 Byaranger45 (2989.48) 
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Which charities?
Mormon church? thats CRAP!
Posted Oct-15-2012 Byheydoin (170.24) heydoin View Channel Send Message
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@heydoin what ever fucking charity he wants. Its his money...
Posted Oct-15-2012 ByMatchill (131.80) 
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@Matchill
Well... The Socalist Liberals would say thats all our money he's just holding on to it for them.
Posted Oct-15-2012 ByGodsrage (110.90) 
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@Matchill My point is church isnt a charity.. not that he gave so much to the church...
BUT I am assuming thats where he gave his money.. Guessing i am right because info wasnt disclosed..
I want to donate to charity too... "my church of lets get drunk every Saturday night"
Posted Oct-15-2012 Byheydoin (170.24) heydoin View Channel Send Message
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@heydoin
http://en.wikipedia.org/wiki/LDS_Humanitarian_Services
Emergency Response --LDS Church responded to 124 disasters in 48 countries.---the bastards
Wheelchair Distribution --
The Clean Water Service --clean water program is designed to partner with local community agencies to provide sustainable clean water---bunch of a-holes
etc..
the LDS Church also has over 300 job development and placement centers around the world. In 2001, the LDS Church began the Perpetual Education Fund whi More..
Posted Oct-15-2012 Bygafffer (133.36) 
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as a swiss citizen i would like to thank mr romney for beeing so charitable with my country's bankers. thanks for the help mit, we realy needed it. LOL!
Posted Oct-15-2012 Bygregleb0ss (461.92) 
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MAKE SENSE CUNT!
Posted Oct-15-2012 ByNeRdALeRt (168.60) 
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Well thats not fair. we want him to pay upwards of 100% of his income, says ows.
Posted Oct-15-2012 ByMatchill (131.80) 
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Bingo.
If the federal government keeps growing like Obama wants, there will be less money for charity and less motivation for charitable giving as the federal government crowds out private charity.
Posted Oct-15-2012 Byhdadd (262.40) 
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@hdadd I don't see you complaining about not having to wait in lines at the post office or welfare office.
Posted Oct-15-2012 Bykgbkgb1967 (181.90) 
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@kgbkgb1967 True. An irrelevant, off-topic and moot non-sequitur; but true nonetheless.
Thanks!
Posted Oct-15-2012 Byhdadd (262.40) 
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another liberal failed talking point.
Posted Oct-15-2012 Byzenshiva (338.78) 
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Does mandatory tax to the Mormon church should count as charity.
Posted Oct-15-2012 ByGuerilla007 (15.70) 
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@Guerilla007 The church has no power to take anyone's money, you dolt.
Posted Oct-15-2012 Bylonewolf6972 (677.46) lonewolf6972 View Channel Send Message
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@lonewolf6972 or go to hell. do you think that's a choice to those brainwashed true believers?
Posted Oct-15-2012 Bymchchicago78 (48.54) mchchicago78 View Channel Send Message
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@Guerilla007 I'm sure he tithes his church as well but those numbers are not considered with taxes or a charitable donation to list as a deductable.
Posted Oct-15-2012 ByMatchill (131.80) 
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@lonewolf6972 Another stupid republitard statement.
"Meanwhile, the LDS church states on its website that Mormons must give 10 percent of their income to the church. "The Bible indicates that God's people followed the law of tithing anciently; through modern prophets, God restored this law once again to bless His children. To fulfill this commandment, Church members give one-tenth of their income to the Lord through His Church. These funds are used to build up the Church and further t More..
Posted Oct-15-2012 Bycdlcrash (320.60) 
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@cdlcrash they can state whatever they want, but they can't take anyone's money or force them to give anything. I guess as a liberal you don't understand the concept of giving or free will
Posted Oct-15-2012 Bylonewolf6972 (677.46) lonewolf6972 View Channel Send Message
(2)
In other news, Bill Gates and I have a combined net worth of $61,000,001,734
Posted Oct-15-2012 ByCardCarryingCardCarrier (318.10) 
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Giving to charity is NOT the same as tax. Simply because instead of the the govt. deciding where the money goes, you decide. If we all gave to charity instead of paying tax, our country would be screwed. How does giving to charity pay for roads/hospitals/schools/libraries/etc.?
Posted Oct-15-2012 Bycrowcrow (1.40) 
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@crowcrow This isn't England. The federal government isn't responsible for building hospitals or most roads or libraries or schools. And are just going to ignore the millions he paid in taxes?
Posted Oct-15-2012 Bylonewolf6972 (677.46) lonewolf6972 View Channel Send Message
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@crowcrow ummmm the other 7.3 mil that he paid goes to the gov't/roads/schools. you dipshit.
Posted Oct-15-2012 ByMatchill (131.80) 
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@lonewolf6972 the gov't does subsidize the cost of most highways, schools, libraries the state picks up the rest.
Posted Oct-15-2012 ByMatchill (131.80) 
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@Matchill which is unconstitutional.
Posted Oct-15-2012 Bylonewolf6972 (677.46) lonewolf6972 View Channel Send Message
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Lies. If you believe that any politician gave 50% of his wealth to "charity" you are a moron or a liar.
Posted Oct-15-2012 Bymchchicago78 (48.54) mchchicago78 View Channel Send Message
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@mchchicago78 where does it say he gave 50% away to charity? You should read with both of your eyes.
Posted Oct-15-2012 ByMatchill (131.80) 
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