November 17, 2012
Re “ Romney blames loss on Obama 'gifts,' ” Nov. 15 Will somebody please let Mitt Romney know that the election is over and he lost? He had many, many months to present his vision for the future, and America (which he might not realize includes women, minorities and young people) rejected it. He should have let his eloquent concession speech serve as his final words. Instead, he spewed a fictitious, bigoted and condescending view of why he lost: It wasn't because he was poised to roll back women's healthcare rights, give tax breaks to the rich or dismiss 47% of the country as takers; it was because young people, minorities and the working class were bribed with gifts and blindly made their decision based on free stuff.
September 30, 2012 |
Dear Liz: My former employer is offering the one-time opportunity to receive the value of my pension benefit as a lump-sum payment. The other option is to leave the money where it is and get a guaranteed monthly check from a single life annuity when I reach retirement age. I am 40 and single, and I have been investing regularly in a 401(k) since graduating from college. I have minimal debt aside from a car payment. When does it make financial sense to take a lump sum now instead of an annuity check later?
September 21, 2012
Re "How we earned Romney's scorn," Opinion, Sept. 19 Judy Dugan's Op-Ed article is revealing. She writes as if any benefit a citizen gets from the government is an entitlement. She argues that when Congress lowered the capital gains rate to 15%, the bonus investors received was an "entitlement just as much as food stamps. " Does everything belong to the government? And is what the government lets you keep an "entitlement"? This is very different from our founding principles.
September 21, 2012 |
Mitt Romney paid $1.9 million in federal taxes in 2011 on income of $13.7 million, an effective rate of 14.1% that reflects the Republican presidential candidate's dividends, capital gains and other returns that are assessed at some of the lowest tax rates. Romney's tax return, which he released Friday, showed that he boosted his effective tax rate by not declaring all of the $4 million in charitable contributions that he made during 2011, instead only reporting $2.3 million. By doing so he stayed consistent with an earlier public statement that his tax rate for the year would not drop below 13%. The return does little to fundamentally change the perception of Romney's finances.
September 19, 2012 |
My husband and I, recently retired, are among the people that Mitt Romney described with such disdain in the fundraiser video revealed Monday. We are dependent on federal and state entitlements. Romney aimed his scorn at the "47% [of Americans] who pay no federal income taxes" and "feel entitled to healthcare," among other things. Our household does not pay zero taxes, but our federal income taxes are a fraction of what we paid as full-time workers. Our Social Security income is untaxed.
September 9, 2012
Re "Private-equity shenanigans," Editorial, Sept. 6 The kind of tax manipulation you talk about may require changes to the tax code. But the common beliefs that capital gains are only for the rich and that taxes on them only affect the rich are folly. To increase capital gains (and dividends, for that matter) across the board would have huge affects on the middle class as well. Mutual funds, 401(k) plans and other investment plans have trillions of dollars invested by the average worker.
August 17, 2012 |
ARLINGTON, Va. -- Paul D. Ryanreleased two years of his tax returns Friday, days after the Obama campaign called on Mitt Romney to release three more years of his records. The records reveal that Ryan and his wife, Janna, paid a higher effective tax rate than his Republican running mate and his wife, Ann. The Ryans paid an effective tax rate of 15.9% in 2010, or $34,233 of taxes on $215,417. They paid an effective rate of 20% in 2011 -- $64,764 of taxes on $323,416 of income. Ryan's tax returns can be found here , along with Romney's.
August 12, 2012 |
Democrats have homed in on a new line of attack against the Republican ticket - asserting that the budget plan written by Rep. Paul Ryan would all-but zero out Mitt Romney's taxes. “It says something about Mitt Romney that he's picking someone who has a budget plan under which Mitt Romney would pay less than 1% in taxes,” Obama's deputy campaign manager, Stephanie Cutter, said on CBS' “Face the Nation.” Whether the attack is true or not depends on which version of Ryan's plan one looks at. When Ryan unveiled his plan in 2010 , it eliminated all taxes on capital gains, interest and dividends.
July 15, 2012 |
WASHINGTON — When the Supreme Court upheld the healthcare reform law on federal tax grounds, it re-stoked a housing issue that had been relatively quiet for the last year: The alleged 3.8% "real estate tax" on home sales beginning in 2013 that is buried in the legislation. Immediately following enactment of the healthcare law, waves of emails hit the Internet with ominous messages aimed at homeowners. A sample: "Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it?