Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Of course they will show him paying millions in taxes.
Of course they will show him paying millions in taxes.
You're awful certain of that for someone who hasn't seen the returns.
One of the big speculations in financial media circles is that they will show that in some years, Bishop Romney paid NO taxes, and may have even received a rebate.
Even if they do not, I doubt that his tax bill reaches $1 million.
You know the Dems had a filibuster proof Congress and didn't take care of this issue, why not? It must not have been important to them at the time.
I have said for many years that if the government wanted to, they would take care of this, yet they ignore it. I don't blame people for taking advantages that they are legally allowed.
You know the Dems had a filibuster proof Congress
You know the Dems had a filibuster proof Congress
for all of two months and that doesnt take into consideration the blue dogs who are fake dems
and you know that...
Of course they will show him paying millions in taxes.
You're awful certain of that for someone who hasn't seen the returns.
One of the big speculations in financial media circles is that they will show that in some years, Bishop Romney paid NO taxes, and may have even received a rebate.
Even if they do not, I doubt that his tax bill reaches $1 million.
Of course they will show him paying millions in taxes.
You're awful certain of that for someone who hasn't seen the returns.
One of the big speculations in financial media circles is that they will show that in some years, Bishop Romney paid NO taxes, and may have even received a rebate.
Even if they do not, I doubt that his tax bill reaches $1 million.
Obamaturd and mrs idiot speak down to Americans more. Go Ann.Way to go, Mrs. Romney!!
Ann Romney “We’ve given all You People Need to Know”. In an interview on Good Morning America with Robin Roberts, Ann Romney referred to the rest of America as “You People”.
She even referred this “you people” business, to Robin Roberts as if as a woman who has also suffered from breast cancer, she was a meaningless entity reporter that did not have any value, and that she did not respect.
You don’t call your interviewer “You people”, and it showed great disrespect to Robin Roberts.
Ann Romney also mentioned that her husband gives to the church, so that proves he is not hiding anything in his taxes.
Again, if that were truly the case, he should release his 23 years of tax returns since he’s such an honest guy. But just donating to a church doesn’t prove your being truthful, it was a spin attempt by Ann Romney that just doesn’t fly with the public.
Ann Romney has an offensive, condescending attitude that continues to insult, demean and reveals much of how the Romney’s feel about the rest of America.
People are suffering terrible losses, terrible unemployment, terrible times trying to feed their families and Mrs. Romney can’t have one iota of feeling for those less fortunate than herself. She offers nothing to the narrative of how Romney would suddenly reverse a global recession all by himself.
Read more: Ann Romney “We’ve Given Enough to You People” ABC GMA | Politicol Commentary News
Estates lawyer Jonathan Blattmachr (who does not work for Mr. Romney) told Bloomberg:
The main benefit from a charitable remainder trust is the renting from your favorite charity of its exemption from taxation. He also added, I used to structure them so the value dedicated to charity was as close to zero as possible without being zero.
Of course they will show him paying millions in taxes.
You're awful certain of that for someone who hasn't seen the returns.
One of the big speculations in financial media circles is that they will show that in some years, Bishop Romney paid NO taxes, and may have even received a rebate.
Even if they do not, I doubt that his tax bill reaches $1 million.
So if an illegal alien buys a stick of gum and pays a dime in sales tax, they are a "taxpayer."
If Romney pays sales taxes, payroll taxes, property taxes, State and Local taxes and his business pays payroll taxes, federal and state unemployment taxes, corporate taxes, business property taxes, and on and on and he pays under a million in Federal taxes, then he's a deadbeat.
Noted.
Setting up the trust, worth between $750,000 and $1.25 million in 2001, enabled Romney to take an upfront deduction for his charitable donation to the trust, while also earning annual payments worth 8 percent of the trust's assets. Unlike much of his own portfolio, Romney's charitable trust investments have been very conservative. (It's now just all cash.) As a result, according to Bloomberg, the trust earned only $48 last year, while paying out nearly $37,000 to the Romneys. Meanwhile, the principal, which goes to the charity upon Romney's death, has been dwindling as a result of those payouts, down to $421,000 in 2011. According to Bloomberg:
The current investing strategy favors the Romneys over the charity because they get a guaranteed payout, said Michael Arlein, a trusts and estates lawyer at Patterson Belknap Webb & Tyler LLP.
"The Romneys get theirs off the top and the charity gets what's left," he said. "So by definition, if it's not performing as well, the charity gets harmed more."...
If the CRUT maintains the same investing strategy, assets will continue to shrink, said Jerome M. Hesch, a tax and estate planning attorney at the law firm Carlton Fields. The trustee acted prudently in protecting against losses during a stock market decline, he said.
Nevertheless, "what's going to go to charity is probably close to nothing," Hesch said.
The Bloomberg story provides yet another example of Romney relying on every tax avoidance scheme in the book to shield his fortuneand in this case, using his church in the process. He should be glad this scoop is likely to got washed away in the hurricane coverage this week.
Romney's Charitable Trust
Setting up the trust, worth between $750,000 and $1.25 million in 2001, enabled Romney to take an upfront deduction for his charitable donation to the trust, while also earning annual payments worth 8 percent of the trust's assets. Unlike much of his own portfolio, Romney's charitable trust investments have been very conservative. (It's now just all cash.) As a result, according to Bloomberg, the trust earned only $48 last year, while paying out nearly $37,000 to the Romneys. Meanwhile, the principal, which goes to the charity upon Romney's death, has been dwindling as a result of those payouts, down to $421,000 in 2011. According to Bloomberg:
The current investing strategy favors the Romneys over the charity because they get a guaranteed payout, said Michael Arlein, a trusts and estates lawyer at Patterson Belknap Webb & Tyler LLP.
"The Romneys get theirs off the top and the charity gets what's left," he said. "So by definition, if it's not performing as well, the charity gets harmed more."...
If the CRUT maintains the same investing strategy, assets will continue to shrink, said Jerome M. Hesch, a tax and estate planning attorney at the law firm Carlton Fields. The trustee acted prudently in protecting against losses during a stock market decline, he said.
Nevertheless, "what's going to go to charity is probably close to nothing," Hesch said.
The Bloomberg story provides yet another example of Romney relying on every tax avoidance scheme in the book to shield his fortuneand in this case, using his church in the process. He should be glad this scoop is likely to got washed away in the hurricane coverage this week.
Romney's Charitable Trust
Setting up the trust, worth between $750,000 and $1.25 million in 2001, enabled Romney to take an upfront deduction for his charitable donation to the trust, while also earning annual payments worth 8 percent of the trust's assets. Unlike much of his own portfolio, Romney's charitable trust investments have been very conservative. (It's now just all cash.) As a result, according to Bloomberg, the trust earned only $48 last year, while paying out nearly $37,000 to the Romneys. Meanwhile, the principal, which goes to the charity upon Romney's death, has been dwindling as a result of those payouts, down to $421,000 in 2011. According to Bloomberg:
The current investing strategy favors the Romneys over the charity because they get a guaranteed payout, said Michael Arlein, a trusts and estates lawyer at Patterson Belknap Webb & Tyler LLP.
"The Romneys get theirs off the top and the charity gets what's left," he said. "So by definition, if it's not performing as well, the charity gets harmed more."...
If the CRUT maintains the same investing strategy, assets will continue to shrink, said Jerome M. Hesch, a tax and estate planning attorney at the law firm Carlton Fields. The trustee acted prudently in protecting against losses during a stock market decline, he said.
Nevertheless, "what's going to go to charity is probably close to nothing," Hesch said.
The Bloomberg story provides yet another example of Romney relying on every tax avoidance scheme in the book to shield his fortune—and in this case, using his church in the process. He should be glad this scoop is likely to got washed away in the hurricane coverage this week.
So let's get this straight- Romney is bad because he's smart. He's also bad because in this shining example of his intelligence, he also gives money to a "charity". If he has a bad year he and the charity don't do so well... GAWD but you people are pathetic
You do know by its very definition a charity is something you freely give to, but are not made to do so? You also realize that he could find other ways to protect his wealth- but in this scenario others actually do benefit...
I know I know...he's just so eeeeeeeeeeevil.
Quote:
Estates lawyer Jonathan Blattmachr (who does not work for Mr. Romney) told Bloomberg:
“The main benefit from a charitable remainder trust is the renting from your favorite charity of its exemption from taxation.” He also added, “I used to structure them so the value dedicated to charity was as close to zero as possible without being zero.”
