Taxes

11:34pm

Mon January 23, 2012
It's All Politics

Romney Redux: Did The Front-Runner Find A Way Back In?

Originally published on Wed January 25, 2012 7:35 am

Former Massachusetts Gov. Mitt Romney and former House Speaker Newt Gingrich debate at the University of South Florida in Tampa on Monday.
Chip Somodevilla Getty Images

On Tuesday, it is likely the presidential campaign's focus will shift to Mitt Romney's tax returns, which show him making $42.5 million in 2010 and 2011. That number may be bigger than he can finesse by saying in essence: Don't hate me because I'm successful.

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5:58am

Mon January 23, 2012
The Two-Way

Romney Will Release Tax Records On Tuesday

Aiming to reset the narrative after Saturday's bruising loss in South Carolina, Mitt Romney said he would release his 2010 tax returns on Tuesday. The former Massachusetts governor made the commitment last night in an interview with Fox News.

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9:59am

Thu January 19, 2012
Planet Money

Carried Interest: Why Mitt Romney's Tax Rate Is 15 Percent

Originally published on Mon May 7, 2012 12:15 pm

As you know by now, Mitt Romney's tax rate is somewhere near 15 percent — well below the 35 percent income tax rate for the highest earners.

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8:55am

Thu January 19, 2012
Politics

Q&A: Why Such A Low Tax Rate For Romney?

Originally published on Thu January 19, 2012 8:16 pm

iStockphoto.com

Mitt Romney's tax returns and the tax rate he paid on his income have been hot issues in the recent Republican primaries.

"What's the effective rate that I've been paying? It's probably closer to the 15 percent rate than anything because my last 10 years, my income comes overwhelmingly from investments," the GOP front-runner recently told reporters.

So why does a multimillionaire pay just 15 percent on his income? After all, the top income tax rate is 35 percent and many middle-class people pay over 20 percent.

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3:29pm

Fri December 30, 2011
Politics

New State Law Axes Ag Exemption

P.M. Graham Flickr: Creative Commons

At midnight on January 1st, Coloradans will have a few new laws to contend with. One eliminates tax breaks for small properties classified as agricultural that are, in fact, residential homes.

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