Taxes

6:20am

Wed February 22, 2012
The Two-Way

Obama Administration To Propose Cut In Corporate Tax Rate

The Obama administration is today going to propose a cut in the corporate tax rate from 35 percent to 28 percent, according to multiple reports. NPR's Scott Horsley notes that the president also wants to scale back some deductions that businesses now get. So, the overall effect of any such changes could be "revenue neutral" and keep corporations' share of the nation's tax burden unchanged, Scott says.

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8:32am

Thu February 16, 2012
The Two-Way

Santorum Releases Four Years Of Tax Returns

Republican presidential candidate, former Pennsylvania Sen. Rick Santorum works the crowd at the Tioga Public School on Wednesday in Tioga, N.D.
Will Kincaid AP

Republican Presidential candidate Rick Santorum saw his income rise after he lost a Senate reelection bid in 2007.

According to records released to Politico late yesterday by the Santorum campaign, the former Pennsylvania senator earned $659,000 in 2007; $952,000 in 2008; $1.1 million in 2009 and $923,000 in 2010.

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10:09am

Tue January 24, 2012
It's All Politics

Romney Taxes May Be Legally Sound But They're Politically Dicey

Originally published on Tue January 24, 2012 3:30 pm

Mitt Romney greets audience members at the National Gypsum Co. in Tampa, Fla., Tuesday, Jan. 24, 2012.
Charles Dharapak AP

The income fairness debate has just gotten a lot more interesting. And it's taking place in anything but Mitt Romney's "quiet rooms."

Romney's release of his federal tax details for 2010 and 2011 came the morning that President Obama was preparing to deliver his State of the Union address, a speech in which he was expected to make the increasing gap between the superwealthy and everyone else a major topic of the evening.

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5:12am

Tue January 24, 2012
The Two-Way

Mitt Romney's Tax Returns Show $43 Million Income In Past Two Years

Republican presidential candidate Mitt Romney, seen at a weekend campaign event in Ormond Beach, Fla., released 2010 tax returns showing he is among the top 1 percent of taxpayers.
Charles Dharapak AP

In releasing details of his tax burden for the past two years, Mitt Romney offered a small window into a vast wealth. The tax records show that the former Massachusetts governor made $42.6 million over the past two years and because most of it came from capital gains, he paid $6.2 million in taxes.

That means that in 2010, his tax rate was 13.9 percent, and in 2011, it's expected to be 15.4 percent, lower than many Americans who pay taxes on wages.

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2:00am

Tue January 24, 2012
Election 2012

Romney Campaign Finally Releases His Tax Returns

Originally published on Tue January 24, 2012 8:00 am

Transcript

DAVID GREENE, HOST:

All right, so Romney has gone on the attack in Florida, and he'll also be answering a lot of questions today about those taxes that he is releasing. As we heard from Mara, it turns out over the last few years, the effective tax rate Romney has paid is just under 15 percent.

Now, Newt Gingrich has been pressing Romney to publicly disclose the documents. And the former House speaker released his own tax returns, to dramatic effect, during a debate last Thursday.

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