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cal04

(41,505 posts)
Fri Sep 21, 2012, 07:40 PM Sep 2012

10 Questions Romney Must Answer About His Taxes

http://thinkprogress.org/economy/2012/09/21/893211/questions-romney-taxes/

(snip)
In a blog post, Romney’s lawyer and the trustee of his “blind trust” said, “After you have reviewed all of the newly-posted documents, you may have further questions.” Yes, we do. Lots.
http://www.mittromney.com/blogs/mitts-view/2012/09/note-trustee-brad-malt

Here are 10 unanswered questions about Romney’s taxes:

1. After the election, when the subject of your tax returns is outside of the public glare, will you file an amended tax return to claim your full deduction of charitable contributions? Was the tax rate you reported for other years similarly manipulated?

2. Why was your 2011 income $7 million lower than you estimated it to be in January? How does someone overestimate their income by $7 million?

3. Financial disclosures show that you have as much as $82 million in your tax-deferred Individual Retirement Account, despite the fact that tax rules limited contributions into such accounts to $30,000 per year. Did you lowball the value of the assets you put into your IRA, as tax experts suspect? And did you do the same with gifts into your sons’ trusts?

4. What was the purpose of your Swiss bank account and the myriad offshore entities shown on your return, based in countries like the Cayman Islands and Luxembourg, if not to avoid taxes?

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10 Questions Romney Must Answer About His Taxes (Original Post) cal04 Sep 2012 OP
Damn, Mitt opened Pandora's Box. ProSense Sep 2012 #1
Just like Ann predicted! Auntie Bush Sep 2012 #5
one more awake Sep 2012 #2
I want to know SkatmanRoth Sep 2012 #3
OMG. How do you overestimate your income by $7 MILLION !!!???? PA Democrat Sep 2012 #4
It boggles the mind. n/t ProSense Sep 2012 #6
Final filing? Aerows Sep 2012 #9
Ha. "Tax Shenanigans". good one. FakeBake has taught me something though. I knew people Laura PourMeADrink Sep 2012 #10
. n/t porphyrian Sep 2012 #7
He's "released" his taxes Aerows Sep 2012 #8

awake

(3,226 posts)
2. one more
Fri Sep 21, 2012, 07:48 PM
Sep 2012

Did Romney always declare his residence in state where he voted, or did he file in a low tax state different than the state listed on his voter registration.

PA Democrat

(13,225 posts)
4. OMG. How do you overestimate your income by $7 MILLION !!!????
Fri Sep 21, 2012, 07:59 PM
Sep 2012

I think the information he released raises exponentially more questions than he answered.

There is a powerful stench coming from Mitt's tax info. The full reality of his tax shenanigans must be really bad if today's partial release stinks so badly.

 

Laura PourMeADrink

(42,770 posts)
10. Ha. "Tax Shenanigans". good one. FakeBake has taught me something though. I knew people
Fri Sep 21, 2012, 09:23 PM
Sep 2012

had great accountants who really helped them - but never knew the magnitude of how much people
play the system until now.

Just another inequity...the top people get the prime doctors, healthcare, tax advantages, free tickets to this and that, best tables in restaurants, freebies from rich friends, cushy jobs, and who knows what else.

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