Romney inheritance how much

Romney told me he had one brief conversation about the proposal with Steve Ricchetti, the White House counselor.

The White House declined to make Ricchetti available for comment, sending me instead to two other officials, neither of whom had spoken with Romney or any member of his staff. And they singled out for criticism a feature that Romney sees as a selling point. Read: Bidenomics really is something new.

Nor has the cash always reached people who need it most. A few have come out with family-assistance plans of their own—more tax credits tied to work requirements. None of this bodes well for truly bipartisan dealmaking, even though a compromise seems well within reach. Romney could conceivably pitch some other way to pay for his plan, if the White House truly finds his suggestions unpalatable.

According to Bloomberg News , the trust does not technically qualify as an inheritance, meaning he has been able to legally avoid paying estate and gift taxes, which ran as high as 55 percent in the s.

Romney also has investments abroad , including in the Cayman Islands, and a Swiss bank account. He paid a 14 percent tax rate in Bloomberg's Jesse Drucker wrote that, "In January , a trust set up by Mitt Romney for his children and grandchildren reaped a 1, percent return on the sale of shares in Internet advertising firm DoubleClick Inc.

If Romney had given the cash directly, he could have owed a gift tax at a rate as high as 55 percent. He was born poor. He worked his way to become very successful despite the fact that he didn't have a college degree, and one of the things he wanted to do was provide for me and for my brother and sisters. This is a time for us to solve problems. This is not a time for us to be attacking people, we should be attacking problems. And if I'm president, I will stop the attack on fellow Americans.

I'll stop the attack on people and start attacking the problems that have been looming over this country. George Romney was born in Mexico and was poor as a child, working in fields and becoming a lath and plaster apprentice after his family returned to the United States.