Yquotes.com

 

Jorge Ramos: You just released your tax returns. In 2010 you only paid 13% of taxes while most Americans paid much more than that. Is that fair?
Mitt Romney Well, actually, I released two years of taxes and I think the average is almost 15%. And then also, on top of that, I gave another more 15% to charity. When you add it together with all of the taxes and the charity, particularly in the last year, I think it reaches almost 40% that I gave back to the community. One of the reasons why we have a lower tax rate on capital gains is because capital gains are also being taxed at the corporate level. So as businesses earn profits, that's taxed at 35%, then as they distribute those profits as dividends, that's taxed at 15% more. So, all total, the tax rate is really closer to 45 or 50%.
Jorge Ramos: But is it fair what you pay, 13%, while most pay much more than that?
Mitt Romney Well, again, I go back to the point that the, that the funds are being taxed twice at two different levels.
--
interview with Univision
--
Legum, Judd (25 January 2012), "Watch Mitt Spin: Romney Claims His Real Tax Rate Is ‘Closer To 45 Or 50 Percent’", Think Progress 

 

Mitt Romney

» Mitt Romney - all quotes »

Similar quotes

 

The schoolboy whips his taxed top; the beardless youth manages his taxed horse with a taxed bridle on a taxed road; and the dying Englishman, pouring his medicine, which has paid seven per cent, into a spoon that has paid fifteen per cent, flings himself back upon his chintz bed which has paid twenty-two per cent, and expires in the arms of an apothecary who has paid a license of a hundred pounds for the privilege of putting him to death.

 

Sydney Smith

 

Mitt Romney: Well, but will the people in Nevada not have to pay Nevada sales tax and in addition pay the 9% tax?
Herman Cain: Governor Romney, you're doing the same thing that they're doing. You're mixing apples and oranges. You're going to pay —
Mitt Romney: I'm —
Herman Cain: No, no, no, no. You're going to pay the state sales tax, no matter what.
Mitt Romney: Right.
Herman Cain: Whether you throw out the existing code and you put in our plan, you're still going to pay that. That's apples and oranges.
Mitt Romney: Fine. And I'm going to be getting a bushel basket that has apples and oranges in it because I've got to pay both taxes, and the people in Nevada don't want to pay both taxes.

 

Mitt Romney

 

Taxes are not levied for the benefit of the taxed.

 

Robert A. Heinlein

 

By comparative standards, the country is undertaxed. And it's also regressively taxed, the tax burden falls mostly on the poor. What we need is a progressive tax system, of, incidentally, the kind that Jefferson advocated. You know, traditional libertarians, like Jefferson, advocated sharply progressive taxes, because they wanted a system of relative equality, knowing that that's a prerequisite for democracy. Jefferson specifically advocated it. We don't have it anymore, it's sort of there in legislation but it's gone. What we need is different social policies. And social policies which ought to be funded by the people who are going to benefit from it, that's the general public. So we'd be a lot better off if we were higher taxed, and it was used for proper purposes. And we know what those are. I mean, for example, for women taking care of children. You know, it makes sense to pay them for that work, they're doing important work for the society. [applause] And they should be paid for it, but that requires tax payments. And the same is true about protection of the environment.

 

Noam Chomsky

 

Over the last few months, it has been absolutely stunning to see Mitt Romney, of all people, portrayed as some sort of greedy, ruthless, unfeeling corporate raider who plows over everyone who gets in his way so he can make a few dollars more. Of all the criticisms you could aim at Mitt Romney, there is none that has less validity than that one.

 

Mitt Romney