Obama – Romney Tax information

Romney filed for an extension

President Obama filed his taxes. His income was just under $790 million dollars and he paid  $160,000 in federal taxes.

President Obama called on Mitt Romney

To be transparent and show the world what he made this year and what he will pay in taxes.
The suggestion is to give the people the background info on a man who would want to be president.

Some folks find it suspicious that he filed for an extension to file his taxes in an election year but apparently Mitt has done this before so it isn’t out of the ordinary.

Mitt Romney paid about $3 million in tax


Of his earnings of $21.7 million dollars for the tax year 2010.
So he has about 18.7 million dollars left to play with and maintain his wife’s two Cadillac cars and install car elevators in the garage of his homes and to pay his servants etc….
He’s just a regular guy like you and me. I’m sure he will understand our problems and how we live and feel about issues if he is president.

How to file for an extension

Anyone can file for an extension with the form 4868 available on
http://www.1040-forms.com/form_4868_extension_to_file.html

 

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