cicerone imposter
 
  1  
Reply Thu 23 Aug, 2012 06:11 pm
@engineer,
True; that's the reason why most presidential candidates freely offer their tax returns for the public to arrive at their own political conclusions.

cicerone imposter
 
  1  
Reply Thu 23 Aug, 2012 09:51 pm
@cicerone imposter,
The latest on Romney's tax shelters.

Quote:
..Bain Documents: Romney Offshore Investments Used 'Blockers' To Avoid Taxes
By MATTHEW MOSK and EMILY FRIEDMAN | ABC News – 8 hrs ago.. .

The private equity firm founded by Republican presidential candidate Mitt Romney made use of arcane techniques in several of its Cayman Islands-based funds to avoid U.S. taxes, according to a trove of Bain Capital's private audit and finance records made public on the website Gawker today.

The audited financial statements of one of the Cayman Islands funds make note of the use of "blocker" entities, which are used to help retirement accounts and nonprofit entities avoid some taxes. Financial statements for another fund note that it "intends to conduct its operations so it will … not be subject to United States federal income or withholding tax ..."

Those details emerge on the statements of two funds in which Romney still holds a sizeable investment, according to the financial disclosure statements he filed when he announced his bid for president.

The publication of the Bain Documents on the Gawker website could rekindle debate about Romney's role at the company, and specifically about Bain's decision to domicile many of its funds in offshore locations known as tax havens.

Critics say Romney's investments in these funds offer just the latest example of how wealthy Americans can shelter their investments to limit the amount they pay in taxes.

"The only reason they structure it that way is to avoid tax," said Rebecca Wilkins, senior counsel with the group Citizens for Tax Justice. "It just confirms what everyone already believes about the tax system -- that it's rigged. That the rules are rigged to favor the well off."
cicerone imposter
 
  1  
Reply Fri 24 Aug, 2012 01:12 am
@cicerone imposter,
Romney wrote an article for the WSJ.

Quote:
"The lessons I learned over my 15 years at Bain Capital were valuable in helping me turn around the 2002 Winter Olympics in Salt Lake City. They also helped me as governor of Massachusetts to turn a budget deficit into a surplus and reduce our unemployment rate to 4.7 percent," Romney writes in the editorial published online late Thursday. "The lessons from that time would help me as president to fix our economy, create jobs and get things done in Washington."


I notice he leaves out the necessary detail on how he plans to accomplish his grandois plans - like everything else he claims he will do - without the detail.

When he provided the "detail" of his energy plan, it was shot down in the first 24 hours after he made his statement.

Anybody notice?

Anyone want to buy a bridge I have to sell?
0 Replies
 
DrewDad
 
  1  
Reply Fri 24 Aug, 2012 07:13 am
@mysteryman,
Looks to me like you're just desperate to turn this around on Reid in some way.

Are you seriously going to tell me that you're condemning Reid for not misusing his powers and not peeking inside Romney's taxes?

parados
 
  1  
Reply Fri 24 Aug, 2012 07:16 am
@mysteryman,
Actually MM. I think you ignored the statute. Unless Reid is on that committee he can't look at the tax return. The majority of Senators are not on the committee.
0 Replies
 
parados
 
  1  
Reply Fri 24 Aug, 2012 07:19 am
@DrewDad,
DrewDad wrote:

Looks to me like you're just desperate to turn this around on Reid in some way.

Are you seriously going to tell me that you're condemning Reid for not misusing his powers and not peeking inside Romney's taxes?



How do we know Reid didn't look at the return? Maybe he did and is actually speaking the TRUTH but can't reveal how he knows. That would put the burden on Romney to reveal his tax returns or admit Reid is telling the truth. I guess now we know why Romney isn't releasing them. Reid is correct.

Reid looked at Romney's returns and reveals what is in them. Romney paid zero taxes. Romney can't accuse Reid of peeking without admitting that Romney is lying about his returns.
0 Replies
 
revelette
 
  1  
Reply Fri 24 Aug, 2012 08:50 am
Quote:
Appearing at The Lafayette Club in Minnetonka Beach, the Republican presidential candidate offered the following remarks, per the pool report.

Quote:
I'm going to champion small business. We've got to make it easier for small businesses. Big business is doing fine in many places -– they get the loans they need, they can deal with all the regulation. They know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses. But small business is getting crushed.


source
0 Replies
 
djjd62
 
  2  
Reply Fri 24 Aug, 2012 08:51 am
i bet that Romney himself hasn't seen most of his tax returns, he has people to handle them

given his background, i wonder if he ever did his own taxes
revelette
 
  1  
Reply Fri 24 Aug, 2012 09:33 am
@djjd62,
I would bet Romeny knows to the penny what is in his tax returns. .

Mitt Romney After Bain Capital:

0 Replies
 
revelette
 
  1  
Reply Fri 24 Aug, 2012 11:38 am
Quote:
Romney:

“I love being home, in this place where Ann and I were raised. Where both of us were born...No one’s ever asked to see my birth certificate. They know this is the place where we were born and raised.”


source
McGentrix
 
  1  
Reply Fri 24 Aug, 2012 11:45 am
@revelette,
Zing! Nice one Mitt.
cicerone imposter
 
  1  
Reply Fri 24 Aug, 2012 11:46 am
@djjd62,
He has to sign his tax returns. If he doesn't look at them before signing them, it means he's very sloppy with financial matters.

0 Replies
 
Cycloptichorn
 
  2  
Reply Fri 24 Aug, 2012 11:46 am
@McGentrix,
McGentrix wrote:

Zing! Nice one Mitt.


I heard Obama responded by saying 'funny, nobody's ever asked me to see my tax returns.'

Cycloptichorn
DrewDad
 
  3  
Reply Fri 24 Aug, 2012 11:47 am
@revelette,
He continued with, "I did lie to my constituents about where I claimed residency in my tax returns, though."
0 Replies
 
McGentrix
 
  1  
Reply Fri 24 Aug, 2012 11:50 am
@Cycloptichorn,
No one needed to. He's been a public servant his whole life.
Cycloptichorn
 
  1  
Reply Fri 24 Aug, 2012 11:51 am
@McGentrix,
McGentrix wrote:

No one needed to. He's been a public servant his whole life.


Not a great comeback on your part.

Cycloptichorn
0 Replies
 
DrewDad
 
  1  
Reply Fri 24 Aug, 2012 11:52 am
@McGentrix,
Don't tell me you're a birther, now, too?
0 Replies
 
cicerone imposter
 
  1  
Reply Fri 24 Aug, 2012 11:54 am
@McGentrix,
OH, you mean like Abe Lincoln.
0 Replies
 
revelette
 
  2  
Reply Fri 24 Aug, 2012 11:59 am
@McGentrix,
telling you would find humor in it
0 Replies
 
revelette
 
  7  
Reply Fri 24 Aug, 2012 12:46 pm
Quote:
RNC spokesman on Romney going birther: Learn how to take a joke

Republican National Committee communications director Sean Spicer has a few words of advice from anyone who was taken aback by Mitt Romney's embrace of birtherism earlier today in Michigan: you need to learn how to take a joke. "Look," said Spicer. "It's a light-hearted moment. He was stating a fact. He's proud of the fact that we was born in Michigan." According to Spicer, anyone who says Romney's comment was "anything more than that is taking it a little bit too far."

So if you thought Mitt Romney was suggesting something about President Obama when he boasted that "no one has ever asked to see my birth certificate" because "they know that this is the place that we were born and raised," you just don't have Mitt's vibrant sense of humor. If you thought he was speaking directly to Donald Trump and Orly Taitz and Rush Limbaugh, you just can't take a joke. Because Romney was just being a comedian. Har, har! We must all guffaw uproariously in unison at Mr. Romney's comic stylings.

You know what this defense of Romney reminds me of? It reminds me of how one of his buddy's at Cranbrook defended him from the Washington Post's report on his days as a high school bully:


My suspicion is that they jokingly said 'Hey, let's go cut his hair.' And went down the hall, and you know, you hold the scissors close to his ear, and you make a lot of snipping sounds, and you may traumatize the guy a little, or scare the guy a little, but no harm, no foul.

If that's Mitt Romney's idea of a joke, then maybe he was joking today, but that doesn't make him a funny guy. And being the same kind of guy today that he was in high school isn't something for him to be bragging about.


source

So without the context of birtherism, the joke is funny why?
 

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