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Romney: Overpaying taxes disqualifies president

By Associated Press


JERUSALEM >> Mitt Romney says that if he paid more taxes than were required, he wouldn't be qualified to be president.

The U.S. presidential candidate tells ABC News that American voters expect candidates to pay "only what the tax code requires." He says he hasn't calculated what percentage of his income was paid in taxes but says that he's been audited.

Romney's vast personal wealth has been an issue in the campaign.

Democrats have criticized him for paying only 13.9 percent of his income in taxes during the one year his taxes have been made public.

Romney says he will release an additional year of returns before Election Day. That has left some questioning whether Romney pays a smaller share than other Americans.

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kuewa wrote:
Lowering your taxes by hiding your assets in overseas accounts should also disqualify you as President, Mr. Romney.
on July 29,2012 | 09:23AM
thepartyfirst wrote:
Seems like they all do that. Except for the finger pointing Democrats of course. Usually the ones doing accusing are the worst ones.
on July 29,2012 | 09:45AM
kuewa wrote:
Your comment is self-contradictory. First you say that the "finger pointed Democrats" don't "do that" (hide their assets). The you say that those who accuse are the worse.
on July 29,2012 | 04:20PM
poidragon wrote:
It's politics, who say's it has to make sense?
on July 29,2012 | 10:52PM
busterb wrote:
Therefore state prosecutors are the worst murderers?
on July 29,2012 | 04:22PM
nodaddynotthebelt wrote:
Most people I know, including myself, pay more than 13.9 percent in taxes. It's time that the rich pay their share.
on July 29,2012 | 10:01AM
1local wrote:
Many Americans pay less than 13.9%. If Everyone paid 13.9% - America would be better off. It is time to get life time freeloaders off of the welfare breeding system. Free housing, food, medical, transportation, insurance - a lifetime of 0% tax free living. Stop the democrat brainwashing - breeding programs have bankrupted the USA and Hawaii taxpayer...
on July 29,2012 | 10:10AM
sjean wrote:
The only breeding programs I am aware of are those promoted by churches which commit to Hell anyone using birth control. I don't think they are entirely Democrat.
on July 29,2012 | 03:32PM
hawaiikone wrote:
Many people I know don't pay any tax at all.
on July 29,2012 | 10:18AM
soundofreason wrote:
I know of people who not only don't pay taxes, but get a "reward"/refund to celebrate their decision of having kids they couldn't afford in the first place. It lightens their load so they can.......have even more kids.
on July 29,2012 | 03:28PM
poidragon wrote:
Did you bother to stop and think about why some people don't pay taxes in the first place? Take a good look at the U.S. Tax code and all the loop holes and corporate freebies included and Congress does not want to even take a chance of changing the tax laws to correct the major issues; is it any wonder why the United States is in the 'black hole' that it finds itself? Require Congress to start the job they were and are elected to do and create a fair and equitable and simplified tax code that works as intended or vote them all out and start over! Till then the GoP and the wealthy in this country will continue reaping the rewards of a lop-sided system and the rest of the population will be stuck in the bottom of this ponzi scheme!
on July 29,2012 | 10:38PM
soundofreason wrote:
WHY is it that you're the SAME group of people who DON'T "offer" to pay more for your groceries than a neighbor who may earn less but your philosophy on TAXES is different when it comes to OTHER people's money? Convenient philosophy.
on July 29,2012 | 03:44PM
busterb wrote:
Why pay for groceries? Just eat them before you check out and then cause a stink when called on it? It's the American way!
on July 29,2012 | 04:25PM
soundofreason wrote:
I hear ya
on July 29,2012 | 06:41PM
SteveToo wrote:
Half the population pays NOTHING! Are they using LOOP HOLES, or just following the law like Romney?
on July 29,2012 | 04:56PM
soundofreason wrote:
Get them up to SOMETHING........THEN......will talk about Romney's comparitive 13.9%
on July 29,2012 | 06:42PM
poidragon wrote:
If I made the same amount of Money like Mutt Romney does every year, I would have no problems or worries paying such a tax burden; but since I don't make that sort of wages, I am stuck paying through the pocket book and suffering for it, just to make ends meet on a monthly basis! So tell me again, why should I vote for a wealthy white Mormon for President? He obviously does not care a fig newton for what happens to me or people like be stuck in the same boat!!!!!!!!!
on July 29,2012 | 10:42PM
Toneyuki wrote:
The racist colors show themselves. "white mormon"? Please enlighten us oh bigoted one why either of those things would influence your vote.
on July 30,2012 | 10:54PM
Toneyuki wrote:
If you pay more than 13.9% in Federal taxes you either have a very high income or are a fool.
on July 29,2012 | 08:38PM
poidragon wrote:
There's a very high percentage that they live on the East coast, are predominantly Caucasian and are part and parcel of the GoP agenda.
on July 29,2012 | 10:45PM
Toneyuki wrote:
What is wrong with being Caucasian? Racist much?
on July 30,2012 | 10:55PM
Pacej001 wrote:
Proof/evidence, please. I've heard reported that he has some overseas accounts that are fully disclosed, but not that he has something hidden. Of course if factless innuendo is your objective, just stay silent.
on July 29,2012 | 11:42AM
poidragon wrote:
read it for yourself, he has accounts in the Cayman island off shore banks and didn't look like he want's to open those bank account books to anyone! It's called "Google" and it's easy to use!
on July 29,2012 | 10:47PM
pridon wrote:
What proof has anyone shown that Romney is hiding assets overseas. US citizens are taxed on worldwide income, so the fact that he has overseas accounts is irrelevant. His tax rates is lower because he 1) gives more than 10% of his income to his church and charity, 2) Some of his income is "carried interest" and is taxed at cap gains rates (15%), which is perfectly legal. Politicians haven't had the will to change this provision because of the big bucks contribution from the "Wall Street" crowd, probably has a lot of dividend paying stocks. Normal dividends are taxed at 15%. Also likely has municipal bonds that are taxed at 0 per cent. He also pays state income taxes which count as a deduction of federal taxes in most circumstances. So it is easy for me to understand why he is only paying a tax rate of 13.9% fair and square. Personally,. I am more concerned about the regressive taxes such as property taxes and sales taxes which hurt the low income much more than the rich. Rail takes that extra 1/2 per cent from everyone who eats, buys cloths or drives a car. And believe me, if rail becomes operational, the subsidies will be enormous causing a big increase in property and sales taxes. We can't control the presidential election - but we can control the impact of rail. Give Ben a chance. Vote Ben for Mayor.
on July 29,2012 | 09:16PM
poidragon wrote:
IF it's perfectly legal, then why doesn't everyone participate in such wealth building strategies?
on July 29,2012 | 10:48PM
Loki wrote:
Who gives a damn. I'm voting for anyone but Obama. He straight up sucks as a president. I'm done with him.
on July 29,2012 | 09:55AM
Beaglebagels wrote:
This guy is a gaffe machine. He just declared that Israel's capitol is Jerusalem, that should surprise some Israeli's! Imagine a political candidate from another country coming to the USA and declaring our capitol is Detroit!
on July 29,2012 | 10:17AM
kuroiwaj wrote:
Mmm, always knew that the people of Israel identified Jerusalem as their capitol. It's the United States that have our embassy in Tel Aviv. Now, we know that President Romney will, with the approval of the people and government of Israel, move the embassy to Jerusalem, where it should be located.
on July 29,2012 | 03:29PM
purigorota wrote:
Isn't the capitol Jerusalem ? If not they must have recently moved.
on July 29,2012 | 06:38PM
Toneyuki wrote:
Israel claims it's capital is Jerusalem. Just the international community doesn't recognize it, just like they don't recognize Taiwan as being a sovereign nation. It's all politics.
on July 29,2012 | 08:43PM
Toneyuki wrote:
Oh and US law recognizes Jerusalem as the capital too. http://news.google.com/newspapers?id=mIU0AAAAIBAJ&sjid=G6IFAAAAIBAJ&pg=1337,106277&dq=jerusalem embassy act of 1995&hl=en
on July 29,2012 | 10:05PM
poidragon wrote:
Go ahead and build an Israeli capital in Jerusalem and then watch it burn to the ground from all the factional fighting going on....................stupidity and aggression do not respect any boundaries or nationalities
on July 29,2012 | 10:51PM
Hawaii001 wrote:
Go drink some more Gaffeine, Rmoney! Or as the British calls you, "Mitt the Twit." LOL
on July 29,2012 | 10:39AM
Toneyuki wrote:
Wow, how many mistakes in one sentence?

And as far as gaffs, have you ever seen a speech by VP Biden?

on July 29,2012 | 08:45PM
Kuokoa wrote:
..and how much did Mitt give to charity as compared to the average citizen and Obama?
on July 29,2012 | 10:47AM
serfboy wrote:
Oh, I'm sure he gave his fair share to the Mormon church...but not a penny more or he wouldn't be qualified to be a Mormon. lol
on July 29,2012 | 04:21PM
Toneyuki wrote:
What an ignorant statement.
on July 29,2012 | 08:46PM
elijahhawaii3 wrote:
This comment has been deleted.
on July 29,2012 | 10:58AM
Pacej001 wrote:
It's not necessarily bad, but it is stupid. We don't need a stupid president.
on July 29,2012 | 11:43AM
soundofreason wrote:
THAT position has currently been filled.
on July 29,2012 | 03:41PM
IEBuzzin wrote:
Why don't you try running for president and see how far you get, lolo....
on July 29,2012 | 07:01PM
Toneyuki wrote:
Can you please name a single person that gives extra money to the government (on purpose).
on July 29,2012 | 08:47PM
Dragonman wrote:
The point with Rommey having money in Switzerland & Cayman Islands accounts is that he did this to avoid paying a higher tax rate on this money. No one ever said it was ilegal, in fact it is legal and many rich people probably follow this behavior to lower the amount of taxes they pay. Just hire a high powered accountant , it is legal. My problem is I don't want such a person as our next President. Just because somehing is legal does not make it right. I think that all americans should pay their fair share of taxes, no more, no less, however the rich have an advantage over the average citizen becase they can hire a tax accountant to help lower their taxes, ( legally of course ) while we have to use Turbo tax or go to H&R Block.
on July 29,2012 | 12:28PM
Paulh808 wrote:
No your problem is you drank the class warfare Kool Aid that the rich are not paying their fair share (the rich pay the lions share of the taxes in this country). You will not vote for a guy like Romney but voted for the fraudulent corrupt failure that has the gall to run for re-election.
on July 29,2012 | 01:08PM
Dragonman wrote:
Your problem is you are a hater who does not respect anothers person opinion.
on July 29,2012 | 01:52PM
Paulh808 wrote:
I respect your opinion, I just don't agree that our country is being divided by people who are envious of the success of others.
on July 29,2012 | 02:37PM
Carang_da_buggahz wrote:
To Obama Lemmings, those of us who disagree with him and his party are, by definition, haters. Since when does mere disagreement equate to hate? This is the argument waged by those who are desperately trying to distract the voters from Obama's lack of accomplishments in the aftermath of his oh-so-phony campaign of "Hope" and "Change". As they say, even Hitler gave great speeches. Sorry, Dragonman, we all see right through your charade and feigned indignation. Time to start thinking for yourself rather than listening to your Michael Moore tweets. How do I know? I've got a brother-in-law who blindly spouts the same old tired rhetoric. Puh-leeze.
on July 29,2012 | 09:12PM
Carang_da_buggahz wrote:
Well said, Paul. I like your term "gall". To paraphrase a book title written by one Barack Hussein Obama, he indeed has "The Audacity of HOPE". How laughable. How ironic.
on July 29,2012 | 09:15PM
Toneyuki wrote:
Pelosi has money in off shore accounts.
on July 29,2012 | 08:48PM
Carang_da_buggahz wrote:
When Democrats do it, it doesn't count. Was John Kerry EVER forced to account for his hundreds of millions? Hardly. I wonder why?
on July 29,2012 | 09:06PM
808chubs wrote:
Really.....I think romney is full of it...What American would fault you for paying too much tax.
on July 29,2012 | 03:42PM
serfboy wrote:
I wouldn't fault ANY millionaire to pay more taxes than they should.
on July 29,2012 | 04:23PM
Toneyuki wrote:
I would.
on July 29,2012 | 08:50PM
Toneyuki wrote:
Any one that pays more than they legally have to in taxes on purpose is a fool, and I certainly wouldn't want that kind of fool in charge of the trillions of dollars that the federal government spends every year.
on July 29,2012 | 08:50PM
kainalu wrote:
And there you have it. Raise your hand if you have an off-shore account? ... I didn't think so.
on July 29,2012 | 04:04PM
Toneyuki wrote:
See that hand in the back? That belongs to Miss Pelosi. The one next to it is Harry Reids.
on July 29,2012 | 08:51PM
TMJ wrote:
I dont see where where tax evasion or criminal activity is mentioned in this article. All of the groaning and moaning is an attempt to distract. Bottom line, until someone can show where any laws have been broken, this is simply a smear tactic.
on July 29,2012 | 04:27PM
Pacej001 wrote:
Shocking, this hyper activity around the minutia of Romney's finances. Especially shocking given the lack of interest in Obama's questionable background: Sweetheart real estate deal with Tony Rezko, AKA criminal, wife's $300K/year job in a position that magically disappeared after she left it for the White House, the particulars of how Obama's state election was won with leaked info on his opponent from sealed court records, or Mr. Obama's membership in a splinter socialist political party, or the most blatant of all, Obama's involvement with Ayers and the radical reverend Wright. So, it's ho hum when it comes to the radical/criminal associations of the guy you democrats elected to be the most powerful man in the world, but it's "bring on the accountants" when it comes to legal investments Romney has made and on which he has paid US tax. I'm thinking of a word that begins with an "H".
on July 29,2012 | 05:32PM
Aloha_State wrote:
All these people complaining about Mitt paying 13.9% just don't get it and don't understand. A lot of his $$$, just like the other uber rich people are paying tax rates based off of long term rates vs. ordinary income (i.e. which is what all the average joe's pay). So don't complain or hate on Mitt for operating within the law just because you can't make as much $$$ or don't know how to do what he does. Besides, it's NO ONE's fault but your own if you are stuck in the rat race...and will continue to be stuck if you re-elect a lousy president who keeps spending your hard earned $$$ on freebie people taking handouts.
on July 29,2012 | 06:13PM
entrkn wrote:
on July 29,2012 | 06:55PM
IEBuzzin wrote:
Worse than pilau, do as I say but, don't do as I do...oh, and remember, it's a blind trust.....
on July 29,2012 | 07:06PM
Toneyuki wrote:
I hope you realize that a blind trust means he has absolutely no say in where the money is kept.
on July 29,2012 | 08:52PM
Carang_da_buggahz wrote:
It does NOT matter WHAT percentage of taxes that Romney paid on his income. To Democrats, it will NEVER be enough unless we are paying everything to support their endless giveaway programs that benefit those who are too lazy to earn their own living. As it stands, half of this country is paying taxes and half pay NOTHING. Democrats won't be happy until they've taken everything away from the productive citizens of this country and "redistributed" our earnings to fuel their entitlement state. Class warfare is alive and well, folks, regardless of Barack Hussein's denials and Plagiarizing Joe's twisting of the facts. This administration hasn't got a leg to stand on and MUST distract the American voters from it's dismal record of outrageous overspending without anything to show for it, thus the demonizing of Mr. Romney and those of us who actually pay taxes. Where is it written that others have a right to what I've worked so hard to attain, thus earning a decent standard of living for my loved ones? I am NOT responsible for others' lackluster performance and bad decisions which have earned themselves a place on the lower economic strata of society. No apologies are forthcoming for my success. NONE.
on July 29,2012 | 09:02PM
Paulh808 wrote:
Great points, well stated, some of us came from nothing to work for our success, no one gave us anything.
on July 29,2012 | 09:54PM
Descartes22 wrote:
78K in tax deductions for his foo foo horse that's competing in dressage at the Olympics is one example of not overpaying in taxes. Too bad I couldn't deduct my dog's expenses.
on July 29,2012 | 09:16PM
Toneyuki wrote:
Actually you probably can. Try read the 70,000 page tax code, I'm sure there is something in there that you could use.
on July 29,2012 | 10:08PM
Blueskies wrote:
Let's see, how about changing the tax code to allow Americans earning income from jobs to shelter all of their income just like the rich do in loopholes for investments. Then, the middle class would have the same sweetheart deals as the oil companies, Wall Street hedge fund brokers, and corporate CEO's with stocks. Why should the rich get extra privileges since they do not create jobs with their extra privileges but just enrich the portfolios?
on July 29,2012 | 09:18PM
Toneyuki wrote:
Actually you can. You can take your money that you have earned and then invest it in the camans and the interest you make off those investments, you would only pay a small percentage of in taxes.
on July 30,2012 | 10:58PM
poidragon wrote:
And who say's your qualified to be PoTUS, now? This guy is still clueless and in the dark!
on July 29,2012 | 10:29PM
poidragon wrote:
Your not doing anyone a favor by whining about people on welfare, buddy! Just like the rest all you do is whine about the problems and don't have a clue as to go about solving any of them!
on July 29,2012 | 10:32PM
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