(Image Source: Newt.org)


BY ALLIE SPILLYARDS

The GOP field is narrowing-- and as the remaining candidates fight for front runner status-- tax return fever takes hold.

The topic emerged when Mitt Romney was asked to release his tax returns. He’s delayed his response... and now someone’s beat him to the punch. NBC’s Chuck Todd explains. (VIDEO SOURCE: Fox News)

“Speaker Gingrich very cleverly last night released it during the debate to almost force the issue on the debate stage.”

Now, Gingrich’s fiscal history is drawing some attention of its own. Politico sums up the results.

“...Gingrich revealed Thursday that he and his wife earned $3.1 million in 2010 and paid more than 30 percent of that in taxes.”

According to NPR, figures from the IRS show Gingrich paid more in taxes than most of his fellow 1 percenters... and he paid more than double what rival Mitt Romney paid.

“The difference is between the two men's tax rates appears largely because most of Romney's income came in the form of investment income which is taxed at a lower rate than regular income which is what Gingrich, like most taxpayers, report. Gingrich's tax rate, if not his income level, certainly gives him more of a claim on feeling the pain of middle-income Americans than Romney has.”

But Romney and Gingrich aren’t the only candidates in the race. The Hill’s Jonathon Easley writes...

“Ron Paul diffused the issue of not releasing his tax returns with a dose of humor... [saying] ‘I don’t have any intention of releasing it – but for a different reason... I’d probably be embarrassed to put my financial statements next to (the other candidates') income...”

According to the Huffington Post, Rick Santorum has led the media to believe he’ll soon release his return as well-- to join the effort of shaming front runner Romney.

 

Tax Return Fever Hits GOP Presidential Race

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Jan 21, 2012

Tax Return Fever Hits GOP Presidential Race

(Image Source: Newt.org)


BY ALLIE SPILLYARDS

The GOP field is narrowing-- and as the remaining candidates fight for front runner status-- tax return fever takes hold.

The topic emerged when Mitt Romney was asked to release his tax returns. He’s delayed his response... and now someone’s beat him to the punch. NBC’s Chuck Todd explains. (VIDEO SOURCE: Fox News)

“Speaker Gingrich very cleverly last night released it during the debate to almost force the issue on the debate stage.”

Now, Gingrich’s fiscal history is drawing some attention of its own. Politico sums up the results.

“...Gingrich revealed Thursday that he and his wife earned $3.1 million in 2010 and paid more than 30 percent of that in taxes.”

According to NPR, figures from the IRS show Gingrich paid more in taxes than most of his fellow 1 percenters... and he paid more than double what rival Mitt Romney paid.

“The difference is between the two men's tax rates appears largely because most of Romney's income came in the form of investment income which is taxed at a lower rate than regular income which is what Gingrich, like most taxpayers, report. Gingrich's tax rate, if not his income level, certainly gives him more of a claim on feeling the pain of middle-income Americans than Romney has.”

But Romney and Gingrich aren’t the only candidates in the race. The Hill’s Jonathon Easley writes...

“Ron Paul diffused the issue of not releasing his tax returns with a dose of humor... [saying] ‘I don’t have any intention of releasing it – but for a different reason... I’d probably be embarrassed to put my financial statements next to (the other candidates') income...”

According to the Huffington Post, Rick Santorum has led the media to believe he’ll soon release his return as well-- to join the effort of shaming front runner Romney.

 

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