December 22, 2011 |
Facing increasing scrutiny over the profits he made while working in private equity, Mitt Romney said Thursday he took advantage of opportunities to save on his taxes on that income like anyone else would. But just what those opportunities were is unclear without his tax returns, and don't expect to see those any time soon. Reporters and rival campaigns have been poring over Romney's 15-year record at Bain Capital , a private equity firm he launched in 1984. Romney resigned from the firm in 1999, but a New York Times story reported this week that Romney continued to reap a share of Bain's profits through February 2009.
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.
March 13, 2013 |
About 600,000 H&R Block customers face lengthy delays for tax refunds after a filing error by the Kansas City, Mo.-based tax preparer, the Internal Revenue Service said late Tuesday. The filing blunder affects customers -- mainly students -- who filed Form 8863 for education credits. Many were upset the delay would affect applications for federal financial aid for college. "The IRS is continuing to review the situation and working with affected software companies to assist in the processing of these tax returns," said IRS spokeswoman Michelle Eldridge, in a statement.
August 19, 2012
Re "Romney 'never paid less than 13%,'" Aug. 17 Mitt Romney says he checked through his tax returns for the last 10 years, and he confirms that he never paid less than 13% in taxes. He must have 10 years of returns available for examination; he just doesn't want to show them to us. Romney handed over 23 years of tax returns to John McCain's campaign four years ago when he was vetted as a potential running mate. Romney received several years (not just one or two) of returns from the running mates he considered this year.
January 22, 2012 |
Conceding that his refusal to release his tax returns immediately was "a mistake" and "a distraction" that helped cost him a South Carolina primary win, Republican presidential candidate Mitt Romney said Sunday that he would release his 2010 federal return this week, along with an estimate of his 2011 taxes. "We made a mistake in holding off as long as we did," Romney said on "Fox News Sunday. " As a result, he added, the issue became "a distraction" as he attempted to halt Newt Gingrich's surge in the first Southern primary.
July 18, 2012 |
WASHINGTON -- A pair of congressional brothers sought Wednesday to rally support for greater transparency among presidential candidates, particularly in regard to the hot topic around Washington this week - tax returns. Rep. Sander Levin (D-Mich.), ranking member of the Ways and Means Committee, announced he is preparing legislation to amend 1978's Ethics and Government Act to mandate that all presidential candidates release at least 10 years of tax returns. As it stands now, it's up to each candidate how much of their financial history they wish to disclose, a standard that Levin says is insufficient, particularly in regard to the disclosure of offshore accounts, compensatory arrangements and the details of capital gains income.