Compare the 2010 tax filings for presidential candidates

16 Feb 2012 13:38 #1 by ScienceChic
From The Associated Press Twitter Feed: https://twitter.com/#!/AP

http://hosted.ap.org/interactives/2011/gop2012/
AP INTERACTIVE: Compare the 2010 tax filings for Barack Obama, Newt Gingrich, Mitt Romney and Rick Santorum: apne.ws/y7v0oj

(I would post the picture, but AP doesn't allow it, you'll have to click the link. Sorry).

Interesting...

"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther

The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill

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16 Feb 2012 13:52 #2 by PrintSmith
Wow - seems like all these rich folks in the 1% of income earners are paying a lot more in taxes than the rest of us are.

I wonder why they left out listing the charitable contributions of all the candidates, don't you?

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16 Feb 2012 15:16 #3 by pineinthegrass

PrintSmith wrote: Wow - seems like all these rich folks in the 1% of income earners are paying a lot more in taxes than the rest of us are.

I wonder why they left out listing the charitable contributions of all the candidates, don't you?


For 2010 Obama donated 14.2% of income, Gingrich 2.6%, Romney 13.8%, and Santorum 1.8%.

On average, people making over $500K donate 3.4%.

http://money.cnn.com/2012/02/16/news/economy/santorum_charity/?source=cnn_bin

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16 Feb 2012 18:14 #4 by lionshead2010
Hmmmm. I wonder which one I think can pull us out of this recession? Let's see...which one has managed his money best and MADE money in the process? Which one has actually run a business?

Or we can just John Wayne it and hope for a miracle. :biggrin:

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16 Feb 2012 18:15 #5 by PrintSmith
Now I'm really surprised that it was left out given that it paints Obama in such a good light, especially compared to what his contributions were to charity before he ran for a national office.

The Obamas’ returns are striking on a number of levels. They show that the couple made very few charitable contributions, sometimes less than 1 percent of taxable income, until Mr. Obama began his run for the White House.

In 2004, before Mr. Obama entered the Senate, he and his wife gave $2,500 to charity, 1.2 percent of the taxable income. The next year, the donations jumped, to $77,315, or nearly 5 percent of the taxable income.

snip

The 2006 return also show a charitable deduction for a $13,000 donation to the Congressional Black Caucus. It is illegal to deduct political contributions as charitable contributions. The campaign said Mr. Obama had filed an amended return to eliminate that item as a deduction.

http://www.nytimes.com/2008/03/26/us/po ... taxes.html

I'm pleased to see that along with their increased income, and increased public exposure, that the first couple has also increased their support for charity. That's precisely the way it is supposed to work. If we had more who contributed like Obama and Romney than Gingrich, Biden and evidently Santorum our union would be a much better and stronger with far less of a need for the government to levy and collect taxes for charitable purposes.

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16 Feb 2012 18:19 #6 by lionshead2010
Wait a minute! Are you telling me Mr. Romney only paid $3 million in taxes? That's not fair. :biggrin:

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16 Feb 2012 18:27 #7 by Martin Ent Inc
The Game is to pay as little as legally responsible. The same as make as much as possible. He who dies with the most toys is the winner.

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16 Feb 2012 18:31 #8 by lionshead2010
And all this time I thought that businesses and business people worked so they could pay taxes and be an employment agency. Are you telling me that's not why they do all that schooling, take all those risks and work their asses off?

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17 Feb 2012 07:29 #9 by OmniScience

Martin Ent Inc wrote: He who dies with the most toys is the winner.



He who dies with the most toys......still dies.

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17 Feb 2012 07:46 #10 by FredHayek

OmniScience wrote:

Martin Ent Inc wrote: He who dies with the most toys is the winner.



He who dies with the most toys......still dies.


Duh, everybody dies, but you might as well live in comfort when you are alive. The corpse can't enjoy a velvet lined, gold leaf coffin.

Thomas Sowell: There are no solutions, just trade-offs.

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