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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SMAZ on Tue Jul 31 04:08:35 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 22:17:12 2012. Thank you. |
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| (965992) | |
Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by TERRapin station on Tue Jul 31 06:21:52 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dan Lawrence on Mon Jul 30 20:58:45 2012. Nope. But you're an absolute moron. |
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| (965993) | |
Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by TERRapin station on Tue Jul 31 06:22:48 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SUBWAYMAN on Tue Jul 31 00:34:42 2012. No, you're wrong. Typical of you to support one of the biggest morons on this forum. |
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| (965998) | |
Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SUBWAYMAN on Tue Jul 31 07:18:37 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by TERRapin station on Tue Jul 31 06:22:48 2012. Nope. Dan may have a point. You on the other hand have no credibility. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Gamera on Tue Jul 31 07:37:56 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by TERRapin station on Tue Jul 31 06:22:48 2012. you are the meanest, nastiest, vilest, most inhumane, insensitive, cruel, antisocial, mean-spirited, treacherous, perfidious, contemptible,vicious, obnoxious, evil, disgusting, disgraceful, loathsome, depraved, degenerate, example of humanity to ever post on this forum. Everyone else pales by comparison |
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| (966007) | |
Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by SMAZ on Tue Jul 31 07:44:43 2012, in response to Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SelkirkTMO on Sun Jul 29 20:47:31 2012. These sound like serious felonies----------------------- Mitt Romney’s Financial Mysteries By MICHAEL J. GRAETZ - NY Times PRESSURE is mounting for Mitt Romney to release more of his financial records. Mr. Romney has made public only his 2010 tax returns and has said his 2011 documents will be released soon. “That’s all that’s necessary for people to understand something about my finances,” he said recently. He is “simply not enthusiastic,” he also said, about giving the Obama campaign “hundreds or thousands of more pages to pick through, distort and lie about.” But it is a good bet that Mr. Romney’s vetters have picked through more than two years of returns of his vice-presidential contenders. And the Senate typically requires more for confirmation to a cabinet or even a subcabinet post. Until Mr. Romney recognizes the right of voters to understand the finances of their leaders, all we are left with is speculation. Some commentators have suggested, for example, that — like tens of thousands of other Americans who have taken advantage of an Internal Revenue Service amnesty — he might not have declared and paid taxes on his Swiss bank account. I can’t imagine that he would have engaged in such blatant tax cheating. He is far too smart for that. Another suggestion is that in 2009 he paid income taxes significantly below the 13.9 percent he paid in 2010. This is more plausible, and potentially more damaging politically, even if perfectly legal. After all, the one year’s tax returns that he has released raise doubt about his campaign’s claims that his offshore accounts did not save him one penny of tax. Putting business assets into an individual retirement account invested in a Cayman Islands corporation allows Mr. Romney to avoid the “unrelated business income tax” — a 35 percent levy — on at least some of his I.R.A.’s earnings, a tax that he would have had to pay if his I.R.A. were held directly by a financial institution in the United States. With an I.R.A. account of $20 million to $101 million, the tax savings would be more than a few pennies. The I.R.A. also allows Mr. Romney to diversify his large holdings tax-free, avoiding the 15 percent tax on capital gains that would otherwise apply. His financial disclosure further reveals that his I.R.A. freed him from paying currently the 35 percent income tax on hundreds of thousands of dollars of interest income each year. Given the extraordinary size of his I.R.A., we have to presume that Mr. Romney valued the assets he put in his retirement account at far less than he would have sold them for. Otherwise it is quite a trick to turn contributions that are limited to $30,000 to $50,000 a year into the $20 million to $101 million he now has there. But we cannot be certain; his meager disclosure of tax records and financial information does not indicate what kind of assets were put into the I.R.A. Mr. Romney’s Cayman Islands and Bermuda corporations also probably allowed him to avoid limitations on deductions for investment expenditures that would otherwise apply. So we don’t need any more tax returns to know that Mr. Romney is an Olympic-level athlete at the tax avoidance game. Rich people don’t send their money to Bermuda or the Cayman Islands for the weather. Moreover, we have no clue whether Mr. Romney paid any gift tax on transfers, now valued at $100 million, to a trust he set up in 1995 for the benefit of his five sons. Until this year, the federal gift tax had a lifetime exemption of $1 million, and it taxed gifts in excess of that amount at rates between 29 and 44 percent. A gift of $100 million to one’s children could, therefore, require paying a tax of as much as $29 million to $44 million. But every good tax professional knows that gift tax returns are rarely audited, except after the transferor’s death. And normally the I.R.S. cannot challenge such a return after three years from its filing. But if the values of the gifts were not properly appraised and disclosed on Mr. Romney’s gift tax returns, a challenge may still be possible. If he did not file any gift tax return, he would still be liable for the tax, plus interest and penalties. Based on his aggressive tax planning, revealed in the 2010 returns he has released and his approval of a notably dicey tax avoidance strategy in 1994 when he headed the audit committee of the board of Marriott International, my bet is that — if Mr. Romney filed a gift tax return for these transfers at all — he put a low or even zero value on the gifts, certainly a small fraction of the price at which he would have sold the transferred assets to an unrelated party. Otherwise, he should be happy to release his gift tax returns. According to a partner at Mr. Romney’s trustee’s law firm, valuing carried interests, such as Mr. Romney’s interests in the private equity company Bain Capital, at zero for gift tax purposes was common advice given to clients like Mr. Romney in the 1990s and early 2000s. If detected, undervaluing large gifts to one’s children could provoke large penalties from the I.R.S. These are the kinds of tax penalties that even multinational corporations try to avoid because they fear how the public would react to the adverse publicity that would inevitably follow. To settle these questions, Mr. Romney should release his gift tax returns, or other documents showing how he valued his transfers to his family’s trust and to his I.R.A., and at least three additional years of income tax returns. No one should begrudge Mr. Romney or his family the wealth they have earned. But if he has not paid the taxes that apply to transfers of such wealth, this should concern us all. After all, who do you think pays for the shortfall? Michael J. Graetz, a professor of tax law at Columbia, was the deputy assistant Treasury secretary for tax policy from 1990 to 1991, and an assistant to the Treasury secretary in 1992, under the first President Bush. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by TERRapin station on Tue Jul 31 07:45:33 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SUBWAYMAN on Tue Jul 31 07:18:37 2012. Dan does not have a point. Countless people here agree that he is almost always wrong. And if I have no credibility, how come people here generally agree with me or can't show me to be wrong? Answer that. Truthfully. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by TERRapin station on Tue Jul 31 07:50:37 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by SMAZ on Tue Jul 31 07:44:43 2012. Huh? It is complete speculation. |
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| (966011) | |
Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SUBWAYSURF on Tue Jul 31 07:57:01 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by RockParkMan on Mon Jul 30 21:08:53 2012. +1 |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by gp38/r42 chris on Tue Jul 31 08:11:18 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by TERRapin station on Tue Jul 31 07:45:33 2012. You are trying to communicate to the "great" conversationalist/debater that never adds anything to a discussion other than typing "exactly" or other one word responses, yet never actually contributes anything to the discussion. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SUBWAYMAN on Tue Jul 31 08:46:48 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Gamera on Tue Jul 31 07:37:56 2012. So true. |
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| (966029) | |
Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SUBWAYMAN on Tue Jul 31 08:47:54 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by gp38/r42 chris on Tue Jul 31 08:11:18 2012. You're sounding more like Olog hai more every week. |
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| (966030) | |
Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SUBWAYMAN on Tue Jul 31 08:50:30 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by TERRapin station on Tue Jul 31 07:45:33 2012. 
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by streetcarman1 on Tue Jul 31 09:03:30 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by TERRapin station on Tue Jul 31 07:50:37 2012. "Huh? It is complete speculation."HOW IGNORANT ARE YOU? |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by TERRapin station on Tue Jul 31 09:05:13 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SUBWAYMAN on Tue Jul 31 08:50:30 2012. I knew you couldn't answer. Thanks for admitting that you are wrong and a liar. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by TERRapin station on Tue Jul 31 09:06:49 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by streetcarman1 on Tue Jul 31 09:03:30 2012. Nowhere nearly as much as you. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by bingbong on Tue Jul 31 09:29:03 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by SMAZ on Tue Jul 31 07:44:43 2012. The wisest thing Willard can do is release both his and his wife's (for the years they filed separately, after all, how much does a horsetrader actually make?) along with all gift returns, all FBARs and we'll see where the lines are.I wouldn't consider him a serious candidate if he doesn't wish to be honest with the American people (laughing as I write that) and release that information. |
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| (966049) | |
Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by streetcarman1 on Tue Jul 31 09:36:24 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by TERRapin station on Tue Jul 31 09:06:49 2012. "Nowhere nearly as much as you."Don't count your blessings....asshole. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by GP38/R42 Chris on Tue Jul 31 09:58:38 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by bingbong on Tue Jul 31 09:29:03 2012. I wouldn't consider him a serious candidate if he doesn't wish to be honest with the American people (laughing as I write that)LOL!!!!! Like your opinion even has any rationality based on your posts. You wouldn't consider him a serious candidate if he farted at a podium. |
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| (966060) | |
Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by GP38/R42 Chris on Tue Jul 31 09:59:38 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SUBWAYMAN on Tue Jul 31 08:47:54 2012. Wow, an "I know you are but what am I" answer? That's the extent of your debate/conversation here. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by GP38/R42 Chris on Tue Jul 31 10:00:33 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Gamera on Tue Jul 31 07:37:56 2012. I wonder if we will ever figure out what alias of a regular poster this is. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Gamera on Tue Jul 31 10:04:09 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by GP38/R42 Chris on Tue Jul 31 10:00:33 2012. a regular posteror a shared handle there may be more than one |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by Dave on Tue Jul 31 10:04:58 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by TERRapin station on Tue Jul 31 07:50:37 2012. Correct. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by bingbong on Tue Jul 31 10:06:28 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by streetcarman1 on Tue Jul 31 09:03:30 2012. All the speculation would be ended should he release the tax returns.The American public has the right to know. It may come down to the question of "is this guy being honest with America"? As it stands, the answer is no. Is this how a Presidential candidate wants to be characterized? |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by GP38/R42 Chris on Tue Jul 31 10:08:22 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by bingbong on Tue Jul 31 10:06:28 2012. LOL!!!!! Your posts make me bust a gut!!! |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by bingbong on Tue Jul 31 10:08:58 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by GP38/R42 Chris on Tue Jul 31 09:58:38 2012. LOL That's precisely what he's done! |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by Edwards! on Tue Jul 31 10:12:48 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by GP38/R42 Chris on Tue Jul 31 09:58:38 2012. HMM..I Dont consider him a "serious" candidate at all..like all republicans..he uses lies and trickery dis informational promos push his agenda..cant trust a liar bullshit spin doctor who did and DOES THAT for a living. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by Edwards! on Tue Jul 31 10:19:32 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by bingbong on Tue Jul 31 10:06:28 2012. Dont hurt him now..hes about to "bust a gut"..when you start making too much sense to any GOP SUPPORTER..they cannot handle the revelation..so they attacks..critics..the buffoonery..the attempt to discredit..the various games of word humping..begins in full earnest. Its special watching the Ghosts get upset. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by bingbong on Tue Jul 31 10:32:55 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by GP38/R42 Chris on Tue Jul 31 10:08:22 2012. Go move to Amercia, if you like lying that much. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by bingbong on Tue Jul 31 10:34:41 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by Edwards! on Tue Jul 31 10:19:32 2012. WE should pack them all off to Amercia, wherever that is. Maybe it's one of the Cayman Islands. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by Train Dude on Tue Jul 31 10:39:49 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by bingbong on Tue Jul 31 10:06:28 2012. What the fuck do you know about honesty? You wouldn't know the truth if it got caught in your throat - which it never would because nothing honest ever comes out of that pie hole of yours. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by bingbong on Tue Jul 31 10:43:20 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by Train Dude on Tue Jul 31 10:39:49 2012. More than Willard. And you. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by Train Dude on Tue Jul 31 10:46:52 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by bingbong on Tue Jul 31 10:43:20 2012. Oh, then tell me again how a motorcycle license is only an endorsement. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SUBWAYMAN on Tue Jul 31 10:49:23 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by GP38/R42 Chris on Tue Jul 31 09:59:38 2012. Glad you like it. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SUBWAYMAN on Tue Jul 31 10:57:45 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by TERRapin station on Tue Jul 31 09:05:13 2012. Actually it you who is a liar. You do nothing but attack other posters and claim those attacks are justified. You are more wrong than Dan on a regular basis. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by SUBWAYMAN on Tue Jul 31 10:59:34 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by GP38/R42 Chris on Tue Jul 31 10:08:22 2012. Way to miss the point. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by SMAZ on Tue Jul 31 11:03:30 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by bingbong on Tue Jul 31 09:29:03 2012. What he's hiding is so bad (and probably criminal), that he's made the decision that not disclosing them will do less harm that disclosing them.In others words, not disclosing them will probably cost him the election but disclosing them will CERTAINLY cost him the election and possibly get him sent to prison. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by Train Dude on Tue Jul 31 11:07:10 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by SMAZ on Tue Jul 31 11:03:30 2012. Where is it required that a candidate release;1) Birth Certificate 2) College transcript 3) College finance information 4) Tax Returns Funny that you lemmings of the left only find it necessary only when it's a conservative candidate. You can't exist without 2 sets of rules. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by Olog-hai on Tue Jul 31 11:08:00 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by Train Dude on Tue Jul 31 11:07:10 2012. Romney's not a conservative candidate (he's merely a GOP-e candidate), but point taken. |
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Re: Romney's Tax Avoidance Schemes |
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Posted by Olog-hai on Tue Jul 31 11:08:47 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by Train Dude on Tue Jul 31 11:07:10 2012. Romney's not a conservative candidate (he's merely a GOP-e candidate), but point taken.And for the record: Tax avoidance is not illegal nor even immoral. Tax evasion is both. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Railman718 on Tue Jul 31 11:09:06 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SUBWAYMAN on Tue Jul 31 10:57:45 2012. Pwnd..Owned.. |
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Re: Romney's Tax Avoidance Schemes |
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Posted by Train Dude on Tue Jul 31 11:16:17 2012, in response to Re: Romney's Tax Avoidance Schemes, posted by Olog-hai on Tue Jul 31 11:08:47 2012. Tax avoidance is very American. Just ask Charlie Rangel and the Democrats in the House who only slapped him on the wrist for Tax Evasion. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by bingbong on Tue Jul 31 11:35:24 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by Train Dude on Tue Jul 31 11:07:10 2012. The RW started with the birth certificate crap. So you tell us.College transcripts were never required. By the time one runs for President that's along time ago. Nobody required bush to publish his. He volunteered. Same with college loan info Started in earnest by Willard's Dad, George Romney. Came to the fore after Richard Nixon. One of yours. Became tradition. Not legally required. Senate typically wants 10 years of returns to review for any Presidential appointment candidate requiring consent of the Senate. It's not 2 sets of rules, and what "rules" there are came about through the action of republicans and RWers. Use Google. http://www.google.com/search?q=us+election+law+tax+return+disclosure+requirements |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by Train Dude on Tue Jul 31 11:42:54 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by bingbong on Tue Jul 31 11:35:24 2012. More of your blatant dishonesty? Where does it say that a candidate for president must disclose his tax returns? Perhaps we should have obama disclose his medical records to see what effect cocaine use has had on his "ability to lead"?By the way - don't give me reading assignments. If you intend to prove a point, post the fucking proof. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by bingbong on Tue Jul 31 11:53:42 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by Train Dude on Tue Jul 31 11:42:54 2012. I'm not Google. You were even handed a link. I never said tax return disclosure was required. I did say, and the facts backup, that such was started by republicans, specifically Willard's Dad.Wrong. You read, I work. Use the link. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by TERRapin station on Tue Jul 31 11:57:59 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by streetcarman1 on Tue Jul 31 09:36:24 2012. Like I said, nowhere nearly as much as you. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by AMoreira81 on Tue Jul 31 11:58:59 2012, in response to Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SelkirkTMO on Sun Jul 29 20:47:31 2012. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by TERRapin station on Tue Jul 31 11:59:39 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by Dave on Tue Jul 31 10:04:58 2012. Thank you. |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by streetcarman1 on Tue Jul 31 11:59:57 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by TERRapin station on Tue Jul 31 11:57:59 2012. And like I said:"Don't count your blessings....asshole." For you.....Brian.....ignorance is BLISS! |
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Re: Romney's Despicable Tax Avoidance Schemes |
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Posted by TERRapin station on Tue Jul 31 12:00:21 2012, in response to Re: Romney's Despicable Tax Avoidance Schemes, posted by SMAZ on Tue Jul 31 11:03:30 2012. See my previous post. |
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