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Dallen B asked in News & EventsCurrent Events · 9 years ago

Want to know why the Romney’s have so much money?

Have you seen the Romney’s family picture? - There must be 2 dozen people in the picture; are they all his kids and grandkids?

IRS regulations allow a tax payer to donate $10,000.00 of their earrings to anyone they want and neither you or the recipient has to pay taxes on the money. Let’s assume there are two dozen people in that picture and Romney gives $10,000.00 to each one - that would be a $240,000.00 tax deduction for him. That also means that $240,000.00 remained in is family without anyone of them having to pay taxes on it. If that $240,000.00 is added to the 10% he allegedly donates to is church and the other 10% his wife (Ann) says they donate to charity how much is he writing off? ? ? ?

If this sounds fishy then maybe we do need to see his tax returns - - - What did John McCain see in the Romney tax returns that turned him off? Would it also turn off the American voters – it must be enough to keep Romney from presenting the returns.

4 Answers

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  • Anonymous
    9 years ago
    Favorite Answer

    No, I never wondered that. I wondered how I could get some of it, like maybe shine his shoes?

  • 9 years ago

    If Romney was doing anything that was not allowed by the IRS tax codes, the IRS would have nailed him. So..what's your problem, that Romney has a large family and financially provides for them or are you looking for a reason to not vote for him. Don't like him, vote for someone else.

  • ?
    Lv 5
    9 years ago

    Why did you fail to mention all the hot worthless checks Obama's been writing with tax payer dollars. Romney earned his money the American way, he didn't get it in kickbacks from G.M for giving away taypayers money without tax payers appoval.

  • shasta
    Lv 4
    9 years ago

    Capital gains. Taxed at 15%

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