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Spaldeen

(219 posts)
Thu Oct 18, 2012, 05:25 PM Oct 2012

Rmoney's children-- did he have them just for the tax breaks??

The picture on the front of DU got me thinking, did Rmoney breed all of those little disrespectful heathens just for the tax breaks you can get for having kids?

Judging by what one of the heathens said after the debate, it's obvious they don't have any manners, and are extremely disrespectful to the office of the President.

Like father, like son, I say!

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Rmoney's children-- did he have them just for the tax breaks?? (Original Post) Spaldeen Oct 2012 OP
No he had them to fruitfully multiply the number of Mormons treestar Oct 2012 #1
I already thought about that, but Spaldeen Oct 2012 #3
He doesn't need to be home to increase the number of Mormons treestar Oct 2012 #6
No. The Velveteen Ocelot Oct 2012 #2
Pocket change or not, Spaldeen Oct 2012 #4
Info here: The Velveteen Ocelot Oct 2012 #5
Naw, he just wanted his own tribe to bully. tanyev Oct 2012 #7
He should let us see his returns to find out. n/t porphyrian Oct 2012 #8

treestar

(82,383 posts)
1. No he had them to fruitfully multiply the number of Mormons
Thu Oct 18, 2012, 05:26 PM
Oct 2012

The tax breaks are nothing compared to the ones he gets for other reasons.

Spaldeen

(219 posts)
3. I already thought about that, but
Thu Oct 18, 2012, 05:30 PM
Oct 2012

that's got to be just a secondary reason, or a 'bonus' on top of the tax breaks themselves- not his primary objective, I say.

The guy was obviously never at home, while he was amassing his Millions and Billions(TM). What would make you think he gives two shits about fruitifying and multiplying?

treestar

(82,383 posts)
6. He doesn't need to be home to increase the number of Mormons
Thu Oct 18, 2012, 05:55 PM
Oct 2012

I think Mormons are said to have large families for this reason, in fact Mormons or former Mormons of DU have said this.

The Osmonds had 11 kids and each of them seems to have 6 or so.

Tagg has 6. Wonder how many each of the other Rmoney brothers has.

The Velveteen Ocelot

(115,731 posts)
2. No.
Thu Oct 18, 2012, 05:28 PM
Oct 2012

The tax breaks you get for having kids are inconsequential to someone as rich as Romney. That's just pocket change to him. He had a lot of kids because Mormons are expected to reproduce like rabbits so there are plenty of spirit beings to populate the planet Kolob. Or something like that.

The fact that his kids also seem to be ill-mannered probably has to do with that whole family's general attitude of entitlement. These apples didn't fall far from the tree at all.

Spaldeen

(219 posts)
4. Pocket change or not,
Thu Oct 18, 2012, 05:40 PM
Oct 2012

I don't think he got to have Millions and Billions(TM) by letting a few dollars here and there slip through his fingers. Scrooge became Scrooge because his wallet squeaked when he opened it. Rmoney, I imagine, is no different.

That being said, I don't have any kids, so I'm not sure what all tax breaks go with that. What sort of breaks does one get?

The Velveteen Ocelot

(115,731 posts)
5. Info here:
Thu Oct 18, 2012, 05:48 PM
Oct 2012
http://www.smartmoney.com/spend/family-money/my-kids-are-worth-how-much-15809/

He's too rich for the $1,000 per kid tax credit (not that $5K would mean much to him). The per-person deduction (as opposed to credit) is $3,800. $3,800 x 5 = $19,000, which is a deduction rather than an exemption and would result in a fairly negligible reduction in his total tax. Deductions and exemptions for children are aimed at lower- and middle-class people who have to pay higher taxes on their earned income. The wealthy, taxed only at the lower capital gains rate, don't need them.

Mitt's car elevator cost $55K.
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