Romneys staff admits they manipulated his tax returns

[Yssup Rider]

Source: politics


Romney Lawyer Admits They Manipulated Taxes to Conform to 13% Claim

By: Sarah JonesSeptember 22nd, 2012

Mitt Romney’s lawyer admitted to the Democratic accusation that the Romneys could have paid a lot less in taxes in 2011, but they manipulated the returns so as to conform to an August Romney claim that he always paid at least 13%.

The AP reported:

But, Brad Malt acknowledged, the couple “limited their deductions of charitable contributions to conform to the governor’s statement in August, based on the January estimate of income, that he paid at least 13 percent in income taxes in each of the last 10 years.”
If you were wondering why Romney dumped his tax returns on Friday a week before they were due, we’re told it’s because he didn’t want the issue to muddy the debate waters. However, he has done nothing but hand Democrats a justification for their tax the rich a bit more policies. Mitt Romney’s taxes are becoming the poster child example of all that is wrong with our current tax codes.

One reason Romney pays so little is that most of his income comes from capital gains, rather than “income” and is thus taxed at a much lower rate. He also takes advantage of tax shelters and loopholes that have been the target of the Obama administration. The fact that Romney pays so little seems at odds with his disdain for the “47 percent” of Americans he claims don’t pay any taxes, and further at odds with his expression that he feels more Americans would like to pay taxes. After all, Mitt Romney clearly doesn’t like paying taxes.

Tax experts point out that Romney’s returns are missing a few details:

What’s missing, tax experts say, are the details of Romney’s retirement account from Bain Capital, including investments in offshore accounts in Bermuda and the Cayman Islands.

Another factor thrown into the mix is the fact that Romney’s 20 year average of his taxes is a “simple one (i.e., the average of the percentage in each year) rather than a weighted one (i.e., where you add up all the tax paid across the 20 years and divide it by all the income).”

It’s a potentially important difference because the simple average treats each year equally — whether Romney earned, say, $5 million in that year or $30 million. It is especially important if Romney paid a low tax rate in a year in which he earned a lot but paid a high tax rate in years when he earned less. The weighted average would give a more accurate picture.

Romney told us that paying more than he owed would disqualify him from the presidency, but he has now paid more than he owed in order to make his earlier statement about never paying below 13% appear to be true. Not to worry, though, Mitt Romney can merely amend his return after the election in order to get that money back from the government, like any 47%-er would want to do.

Harry Reid points out in a statement from his office, “That raises the question: what else in those returns has Romney manipulated?”

As our former President warned us, “There’s an old saying in Tennessee — I know it’s in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can’t get fooled again.”

Thanks, W. We’ll try to keep that in mind.

Just can't believe a word he says. Period.

[markroxny]

He has a lot of shit to hide. If the didn't he would release 7 years with no edits.

This guy can't seriously think he's gonna get elected doing this crap.

[CuteOldGuy]

It's hard to think of Romney possibly being elected. It's just as hard to think that our only "viable" alternative is Obama.

Seriously, is the best we can do?

[Yssup Rider]

At this juncture, yes, that's the best we can do. Four years ago, we hung a young Senator out to dry and he overcame huge odds to keep America bitching at each other. Under McCain and Palin we'd be having this conversation in Mexico or Canada.

A non-obstructionist Congress would probably be a better focus. How about taking out Mitch McConnell and Erik Cantor? Voter fraud? SHIT! How about taking an honest, bipartisan AMERICAN approach to government rather than what those guys have done?

[CuteOldGuy]

Actually, it's the President who is doing the obstructing. The election in 2010 was a repudiation of his policies. He's the one who needs to bend.

However, I think the country is better off if nothing gets done. God knows what they'll come up with if they cooperate. The only issues receiving bipartisan support now are those that limit our liberty, like the NDAA and Patriot Act.

More cooperation would lead only to disaster.

[markroxny]

Originally Posted by CuteOldGuy

God knows what they'll come up with if they cooperate.

More cooperation would lead only to disaster.

Ouch dude! That's a little harsh. I think it's best when they compromise.

COG, you should start a 3rd party or alternatives thread to discuss this stuff in depth.

[JD Barleycorn]

http://www.bbc.co.uk/news/world-us-canada-19682947

Calling this Romney's staff is almost a lie. Brad Maltz is the man who manages Romney's blind trust and supposedly your source. His is not part of Romney's staff, he works for a company who handles investments. What he said, and you didn't say, was the Romney did not declare some charitable investments so as to lose the legal deduction and pay less tax as the law allows. No illegality, no immorality, just the post of an angry socialist I think. You just don't like people that made more money that you.

[CJ7]

Originally Posted by JD Barleycorn

http://www.bbc.co.uk/news/world-us-canada-19682947

Calling this Romney's staff is almost a lie. Brad Maltz is the man who manages Romney's blind trust and supposedly your source. His is not part of Romney's staff, he works for a company who handles investments. What he said, and you didn't say, was the Romney did not declare some charitable investments so as to lose the legal deduction and pay less tax as the law allows. No illegality, no immorality, just the post of an angry socialist I think. You just don't like people that made more money that you.

first I have an issue with "blind trust" ... really ? Blind until Romney and Maltz have a closed door conversation to decide exactly how Maltz handles the trust/investments ... that type of blind trust?

second, this only proves Willard is more than willing to tweak his returns ... which begs the question, to what extent ??

third .. Ryan was put in the position to release 10 years of his returns during the VP vetting process.

its your turn Willard, pony up the last 8 years. Lets see em' sport.

[I B Hankering]

Originally Posted by CJ7

first I have an issue with "blind trust" ... really ? Blind until Romney and Maltz have a closed door conversation to decide exactly how Maltz handles the trust/investments ... that type of blind trust?

Quit yammering about it and prove it!

Originally Posted by CJ7

second, this only proves Willard is more than willing to tweak his returns ... which begs the question, to what extent ??

Romney paid more than he had to! Did you pay more than you had to? Did Odumbo or Buffett pay any more than they had to? Did any of Odumbo's "47%" pay one nickle more than they had to? STFU, you whining SOB!

Originally Posted by CJ7

third .. Ryan was put in the position to release 10 years of his returns during the VP vetting process.

its your turn Willard, pony up the last 8 years. Lets see em' sport.

There's no regulatory requirement for for him to do that. So quit whining.

[CJ7]

snick


poor IB

[I B Hankering]

Originally Posted by Yssup Rider

Source: politicsususa.com


http://www.politicususa.com/romney-lawyer-admits-manipuated-taxes-conform-13-claim.html
Just can't believe a word they say. Period.

Fixed that for ya'!

[I B Hankering]

Originally Posted by CJ7

snick
poor IB

Originally Posted by CJ7

first I have an issue with "blind trust" ... really ? Blind until Romney and Maltz have a closed door conversation to decide exactly how Maltz handles the trust/investments ... that type of blind trust?

Quit yammering about it and prove it!

Originally Posted by CJ7

second, this only proves Willard is more than willing to tweak his returns ... which begs the question, to what extent ??

Romney paid more than he had to! Did you pay more than you had to, CBJ7? Did Odumbo or Buffett pay any more than they had to? Did any of Odumbo's "47%" pay one nickle more than they had to, CBJ7? STFU, you whining SOB!

Originally Posted by CJ7

third .. Ryan was put in the position to release 10 years of his returns during the VP vetting process.

its your turn Willard, pony up the last 8 years. Lets see em' sport.

There's no regulatory requirement for for him to do that. So quit whining.

[Yssup Rider]

Originally Posted by I B Hankering

Romney paid more than he had to! Did you pay more than you had to, CBJ7? Did Odumbo or Buffett pay any more than they had to?

Romney won't show us his tax returns. Romney won't tell us his plan to save the economy. Romney won't let us know how many strokes it takes him to spew hot beverages. Romney won't pay his FUCKING taxes!

DID YOU, BUTTMUNCH? I'm guessing you did everything you could to avoid paying into the system, but shreiked like a banshee when you got your SS statement showing you had contributed JACK SHIT to the American way of life.

Get the fuck off your couch, take a shower, shave (if you're old enough to do so) and get a job sir! I'm afraid we, the 47% who will NEVER vote for a smegmatist like Romney, are tired of working our asses off to support the gizz guzzling lifestyles of fargin' iceholes like you.

(Bonus points if you can identify the movies from which those insults sprung).

That said ... you may be able to get a job blowing Mitt Romney after this is all over. Or maybe as a clerk at Staples. But don't look over your shoulder. There'll be a little Chinese dude there ready to take you job for half the price.

That'll leave you back on the couch jerking off to pictures of Rush Limbaugh!

You are a FUCKING IDIOT! Please continue to assail anybody else's fake sources, while extolling yours. You NEED a job sir. Maybe if you told us what you did for a living, our friendly counselour could help you find a vocation that matches your skillset. BTW -- fucking gals apparently isn't one of them ... fagnit!

[CuteOldGuy]

Nice namecalling, Assup. Very good.

[Yssup Rider]

Learned from the master, Wichita Whineman! I gave you a chance to debate like a man, but you chose to be a playground squeezedick. This is something you brought on yourself.

BTW -- KANSAS IS SO FUCKED UP IT CAUSED PEOPLE ON ACID IN THE 30S TO INVENT OZ!

That twister is coming pretty goddammed fast, Whineman! Better hunker down!

Seems like that's the only kinda repartee that gets through to you intelligentsia! OK, I know, you were a professor of animal husbandry at the Wichita School of Sheep Shagging... sorry!