Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
11 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Heads up! Lawrence O'Donnell has a story on Romney's tax returns next (Original Post) highplainsdem Feb 2012 OP
I am so darn glad that the MSNBC team is there to get our backs with research. tabatha Feb 2012 #1
They do a good job. elleng Feb 2012 #2
David Cay Johnston is the guest expert. highplainsdem Feb 2012 #3
Talking about what Romney has given his children. highplainsdem Feb 2012 #4
The trust fund for the children was created without ANY of that being taxed. highplainsdem Feb 2012 #5
Using carried interest and so on, to get around inheritance tax. highplainsdem Feb 2012 #6
And around the gift tax. highplainsdem Feb 2012 #7
God, that whole segment made me sick. Romney is scum. sufrommich Feb 2012 #8
More of what Johnston has said on this. Links: highplainsdem Feb 2012 #9
Tax dodgers! Democrats_win Feb 2012 #10
He did an awesome job on American Airlines as well. tabatha Feb 2012 #11

tabatha

(18,795 posts)
1. I am so darn glad that the MSNBC team is there to get our backs with research.
Wed Feb 1, 2012, 11:20 PM
Feb 2012
Al Sharpton, Ed Schultz, Rachel Maddow, Lawrence O'Donnell and sometimes Chris Matthews.

sufrommich

(22,871 posts)
8. God, that whole segment made me sick. Romney is scum.
Wed Feb 1, 2012, 11:28 PM
Feb 2012

I'd love to see a breakdown of how much money the Romneys have cost U.S. taxpayers by using tax loopholes that favor the filthy rich.

highplainsdem

(49,034 posts)
9. More of what Johnston has said on this. Links:
Wed Feb 1, 2012, 11:33 PM
Feb 2012

And by the way, the first one here may or may not be the one Lawrence said they'll put on their blog later. This is just what I found checking Google News:

http://in.reuters.com/article/2012/01/31/column-dcjohnston-romney-returns-idINDEE80U0H320120131

Romney's many happy returns? Blame Congress
Tue Jan 31, 2012 9:25pm IST
(The author is a Reuters columnist. The opinions expressed are his own)
By David Cay Johnston

REUTERS - When the Romney campaign disclosed in December that the couple's five sons had a $100 million trust fund, I suspected that, in setting up the fund, the Romneys used a tax strategy that allows some very rich people to avoid paying gift taxes. But it was impossible to know if this was the case without seeing their tax returns going back years.

So when Mitt Romney released the family's 2010 tax return last week, I went looking. I found a hint on pages 132 and 134 of the return. It showed that the value of property placed that year into another family trust, the Ann D. Romney Blind Trust, was, for tax purposes, zero. The Ann Romney trust is not the same trust as the one that holds the Romney sons' $100 million, but I wondered if the Romneys used the same approach in prior years when it came to valuing property placed into the sons' trust.

Reuters emailed the Romney campaign spokeswoman to ask how much the Romneys paid in gift taxes on assets put into the sons' trust over the last 17 years. The spokeswoman, citing Brad Malt, the Romney family tax lawyer, answered: none.

-snip-



From CNN, 1/24:

http://cnnpressroom.blogs.cnn.com/2012/01/24/reuters-tax-columnist-romney-didnt-pay-a-gift-tax-on-100m/


Mother Jones, on that CNN story:

http://motherjones.com/kevin-drum/2012/01/mitt-romneys-kids-pay-even-lower-tax-rate-he-does
Latest Discussions»General Discussion»Heads up! Lawrence O'Don...