Can we say TAX CHEAT? Another puke value. Lie, cheat, steal, rape and plunder in the name of God.

I'm guessing his accountants followed the laws.

The Republicans make sure that there are laws like this so that they can take advantage of them. Ethics is for suckers in their worldview. Don't forget that they admire Ayn Rand.

They are guilty of either taking bribes or bowing to monied interests. Either way, I think it's more productive to hold them accountable than it is to try to police secret deals and nods and winks.

Although both sides could use some more regulation.

So this would mean he lied to the American people. That's not a good quality in a presidential candidate.

Speculation is that Romney found ways to reduce his "taxable income" to close to zero. He paid 13% on that.

I wonder from this report how many Bain execs are scurrying to file for amnesty.

Because once they've got your name on a list to check themselves, if you haven't filed for amnesty, it's too late to get immunity from criminal charges and higher/more severe penalties (like 50% of your highest account balance so something crazy like that).

Can't be a lot of fun to be trying to slip the tax man only to have your ex-boss shine a bright light on what you've been up to.

Although I think it's implied:

But I did go back and look at my taxes and over the past 10 years I never paid less than 13 percent. I think the most recent year is 13.6 or something like that. So I paid taxes every single year.

For all we know, he could be talking about sales taxes and/or property taxes. He's slippery like that.

to the Mormon Church is false. It might shine a bright light on the fact that they BOTH undercut their church & charities by millions by understating their so called ' income ' .

How does the Church know if you ARE tithing 10%?
and exactly how secret are those tithing records?
He is either lying to the church or lying to "the little people".

Apparently, Romney's companies did not pay their full share of Medicare taxes either.

And then he has the gall to talk about problems with Medicare funding. What a creep.

He builds a car garage with money that should go to Medicare.

A president has to be ready to sacrifice for this country. Romney has shown in a number of ways that he is not willing to sacrifice for our country at all -- no military service during the Viet Nam war and now -- whether legal or not -- refusing to pay his fair share of taxes.

Romney does not have the character that a president needs.

Someday, the playing field will be level again (if it ever really was).

There were three or so other threads regarding that leaked Bain information. I took a blind look at one thread, opened the link and randomly opened this item: http://www.democraticunderground.com/?com=view_post&forum=1002&pid=1186649

"Sankaty Credit Opportunities (Offshore) IV LP is a limited partnership based in the Cayman Islands. As of June 2010, it held $1.3 billion in assets and reported a $15.4 million increase in capital for the second quarter of 2010.

The 2010 tax return for the Ann D. Romney Blind Trust reported income from its general partner, Sankaty Credit Opportunities (Offshore) Investors IV LLC.

Sankaty Credit Opportunities (Offshore Master) IV LP is a limited partnership based in the Cayman Islands. As of June 2010, it held $1.4 billion in assets and reported an increase in capital of $23 million for the second quarter of 2010. Though none of Romney's disclosures indicate a stake in Sankaty Credit Opportunities (Offshore Master) IV LP, the entity appears to bear a so-called "master-feeder" relationship to Sankaty Credit Opportunities (Offshore) IV LP, an arrangement commonly used by hedge funds to pool resources and avoid U.S. taxes."


I wondered then how the Romneys were going to explain to the American electorate the wisdom of involvement in an offshore corporation whose known function was tax avoidance for the America investor. Looks like this is the question others are asking after digging deeper into those leaked documents.

Naw, the general media wouldn't report on it anyway. Hell, they didn't even cover the fact that Romney's Bain Capital start up funds came from money derived from EL Salvdorean death squad activity.

How can any country or state in the world make a law that supersedes the laws of this country, including the tax laws? How can anyone say that someone, or a law, in the Cayman Islands permits an individual not to pay any income taxes or payroll taxes or any taxes on income made in the United States? The sovereignty of the US Constitution is meaningless? I don't think so. It is illegal and a crime any way you slice it.

income earned offshore is taxed at the rate of the nation it was earned. Ergo, if you're based in the Cayman Islands, you pay their tax rate, which is zero. Every large company I worked for was headquartered in the Cayman Islands. Seagate made $12b annually, didn't pay one red cent in taxes while I was there. But when they laid off 50,000 people, they stuck the US taxpayer with the bill.

Why this isn't a crime is beyond me. Our lawmakers need a wakeup call.

There must be a fuck ton of PO boxes in the Caymen Islands. I wouldn't be surprised if the whole place was just one big mailbox.

Why didn't we just invade the Cayman Islands instead and then use the taxes we could assess on the American money there to buy oil from anyone at any price?

I'm joking of course. But????

Because he could make that money in the United States and pay no payroll taxes. Look at his income in 2010 (to quote myself)

"And most of Romney's income - $3.3 million in interest, $4.9 million in dividends, and $12.6 million in capital gains - is made without doing one iota of actual work."

Total payroll taxes owed = $0.00

There are only payroll taxes on wages. There are NOT payroll taxes on interest income, dividends, or capital gains. That's true for you and me as well. Just like Romney, we don't pay payroll taxes on our interest, dividends or capital gains. But most of us probably have less than $1,000 of that type of income. Here's my own taxes from 2011 - $145.21 in interest, 95 cents in dividends, and $99.91 in capital gains. Well, it is better than nothing - but not by much.

“The so-called offshore account in the Cayman Islands…is an account established by a U.S. firm to allow foreign investors to invest in U.S. enterprises and not be subject to taxes outside of their own jurisdiction,” Mr. Romney said.

...the folks on the Right ADMIRE dodging taxes to the point where this is simply seen as "clever". What's funny is they honestly believe the general public will admire it too. HOWEVER Romney KNOWS this is toxic to the general public which is why he is hiding it.

Now,....keep in mind the Republican Base spent the last two elections going all "cowboy" complete with Country and Western music and the Republicans are telling those folks to get behind a guy who is everything they hate about a rich and slimy City Slicker.

Let's say you are an American and you have a company earning money for you that's located in Hope, Arkansas. Does moving your company headquarters to a Cayman Islands post office box then make you a "foreign" company, thereby entitling you to pay Cayman Islands taxes but avoid American taxes?

This may be a legal practice, but candidates for president should be held to a higher standard of conduct than what is merely legal. Journalists need to find out what companies that had been American have taken advantage of this opportunity. How much have those companies avoided in American taxes? How much did Bain benefit from abetting this process? How much did the Romneys benefit?

I was making $3.50 an hour.

but he hasn't volunteered any information on the reasons for the audits, whether they were merely routine or over very serious transgressions, and whether he had to pay penalties and interest.

...they're trying to get him nominated so quickly.

- Before another shoe drops.......

K&R

[center][/center]

Why
The
Fuck

is this moron even talking about taxes voluntarily?

Because he is THAT craven about money.

being rich doesn't make you a patriot at all.

In the world of FOX News, this is the only qualification required to be considered a patriot.

I think he is a big traitor. Hiding money offshore so you don't pay your taxes to help this country. This is where the republican values are. What a shame.

Wait until just the right moment before November to land the knockout blow...

while slurping up a fatcat share of Socialism for the Rich (R)

yet he wants the highest position in the land.

robme has made out like a fat rat in a cheese factory and we're the starving cats locked out that cheese factory. what a 'legal' scam for rich folks! the more I read about this stuff, the angrier I get at the hypocrisy of MSM in protecting this guy

who will...and what will happen to America....become another Greece?

has its problems: the very rich do not pay the taxes they should.

His REAL issue is covert involvement with Bain from drugs, outsourcing jobs and overthrow of governments. But the story is so big the MSN won't touch it. I'm not even sure that D/U wants me to post it actually. Last time I did was read the riot act and ignored.

L/ATimes did glance upon it until ordered to shut up, Here:


The essence of the mostly unreported story is simple enough. When Mitt Romney was having difficulty raising money to start Bain Capital in 1984, he ended up raising a major share of his company’s initial $37 million investment from Salvadoran millionaires with indirect links to death squads in El Salvador. But how credible is the accusation?

The story appeared in muted form in the Los Angeles Times on July 19 this year, with the rest of the mainstream media appearing to ignore it.

from http://ivn.us/2012/08/23/bain-capital-links-to-death-squads-story-not-proven/?utm_source=rss&utm_medium=rss&utm_campaign=bain-capital-links-to-death-squads-story-not-proven

Because it's not about policy. What do you think?

saying how much he's thithed to them is private

but just last week his wife was bragging about how they always thithed; I think that was a deliberate setup for using the church as a shield for not releasing their tax returns

.. I would start a new thread about this, but I don't think I am able to yet due to my n00biness.

But it seems slave labor was also apart of Bain. Remember Global-Tech Appliances, the subject of a David Corn article about Americans jobs being outsourced to China under Romney while at Bain? Well, here is Romney, on tape at a fundraiser, admitting he visited this factory and saw the slave labor conditions himself ..

Somebody do your job.

Not even if he uses his entire family's thumbs from Ann down to the youngest grandchild.