Harry Reid Not Releasing His Own Tax Returns...

Discussion in 'Politics' started by paulitician, Aug 7, 2012.

  1. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,972
    Harry Reid, known for his shady real estate deals, has refused to release his Tax Returns


    Senate Majority Leader Harry Reid again deflected questions Monday about releasing his tax returns, even as he continued to pound the demand for Mitt Romney to make more of his own public.

    Instead, Reid pointed to the financial disclosure forms he files as a member of Congress, which provide different information.

    "I’m a member of Congress now, I don’t make too much money,” said Reid, whose net worth was estimated at $10 million in 2010. “But it’s all listed every year.”

    Reid spokesman Adam Jentleson told POLITICO last week that the majority leader will not release his tax returns, writing: “He’s not running for president. … He has of course released more than 30 years of detailed [personal finance disclosures]. There is exponentially more information available to the public about Sen. Reid’s financial life than there is about Mitt Romney’s.”

    Conservatives have begun accusing Reid of hypocrisy for his attacks on Romney. And the Las Vegas Review-Journal — in a somewhat different context — on Monday resurrected a 1974 statement in which Reid said: “Any man or woman who will not be completely candid about his or her finances does not deserve to be in public office.”

    Asked about that statement at a news conference Monday in Nevada, Reid responded: “In 1974, I wasn’t in Congress.

    “All you have to do is go look,” he added. “I file every year, every stock trade, every piece of land I buy, all the money I have, it has the value of my homes, it’s got it all there.”

    Read more: Harry Reid not releasing his own tax returns - Darren Goode and Jonathan Allen - POLITICO.com
    DRUDGE REPORT 2012®
     
  2. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Hes not running for president while having foreign bank accounts and tax shelters
     
  3. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    I want to KNOW how much money robmoney has and who hes really worried about saving.


    Is his money safer in other countries?

    then that other country may mean more to him than ours
     
  4. Vel
    Offline

    Vel Gold Member

    Joined:
    Oct 30, 2008
    Messages:
    5,463
    Thanks Received:
    1,913
    Trophy Points:
    248
    Location:
    Tennessee
    Ratings:
    +1,914
    No he's not. He's only writing tax policy for the rest of us. He has a bigger conflict of interest than anyone running for president. What's he hiding?
     
  5. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    dear idiot,


    PRESIDENTS are far more powerful than senators.


    Most senators dont release their taxes while running.


    Now tell me why all other Presidentail candidates have released theirs but that Robmoney is SOOOOO special he doesnt have to?
     
  6. konradv
    Offline

    konradv Gold Member

    Joined:
    Mar 23, 2010
    Messages:
    22,541
    Thanks Received:
    2,554
    Trophy Points:
    280
    Location:
    Baltimore
    Ratings:
    +5,660
    Nothing apparently. Did you miss the following? :eusa_eh:

    “All you have to do is go look,” he added. “I file every year, every stock trade, every piece of land I buy, all the money I have, it has the value of my homes, it’s got it all there.”
     
  7. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,972
    And the Wahington Post, a well known Liberal Media Outlet, scores Reid 4 Pinocchios on his claims about Romney's Taxes.

    The Fact Checker

    — Senate Majority Leader Harry Reid (D-Nev.), on the floor of the U.S. Senate, Aug. 2, 2012

    Reid has generated a lot of controversy with his claim that presumptive GOP nominee did not pay any taxes for 10 years. He originally told the Huffington Post that a person who had invested with Bain Capital had called his office and told him this. Then, he told reporters in Nevada that “I have had a number of people tell me that.”

    Reid has refused to identify his source (or sources). Romney and his campaign aides have emphatically denied the charge but Reid has stood firm. “I don't think the burden should be on me,” he said. “The burden should be on him. He's the one I've alleged has not paid any taxes.”

    This whole exchange poses a fact-checking conundrum. Generally, we maintain that the person or the campaign making the charge must back it up. Reid has refused to provide any evidence, except for the (unproven) fact that someone called him up and told him something that may be true — or simply a rumor.

    But we can still examine how credible this rumor might be.


    The Facts

    Romney has refused to release more than two years of tax returns. Most presidential candidates in recent years have released more than two years of returns, so Romney may be paying a political price for failing to release more.

    But Romney’s 2010 return and his estimated 2011 return do show that he paid substantial taxes in those years. In 2010, he earned nearly $22 million, including $3 million in taxable interest, nearly $5 million in dividends and more than $12 million in capital gains. He reduced his taxes by giving $3 million in charitable contributions (much of it in appreciated stock, when shielded him from paying additional capital gains.)

    In other words, this tax return shows a portfolio that is not structured to yield zero taxes. We spoke to a number of tax experts, all of whom said that, given Romney’s current portfolio, it was highly improbable for Romney to have had 10 years with taxfree returns — though there could have been one or two years with little or no taxes.

    4 Pinocchios for Harry Reid’s claim about Mitt Romney’s taxes - The Washington Post
     
    Last edited: Aug 7, 2012
  8. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,972
    Why are you so obsessed with how much money the man makes? He's rich, so what? So is your Dear Leader and Harry Reid.
     
  9. Vel
    Offline

    Vel Gold Member

    Joined:
    Oct 30, 2008
    Messages:
    5,463
    Thanks Received:
    1,913
    Trophy Points:
    248
    Location:
    Tennessee
    Ratings:
    +1,914
    What tax policy does the president write? Can you answer that? By the way, the other presidential candidates have released their medical and school records, can you tell us why Obama hasn't? Did he lie and say he was a foreign student so he could get priority admission and financial aid. That's the rumor. When's Obama going to release those records and prove that he didn't defraud the financial aid system?
     
  10. Vel
    Offline

    Vel Gold Member

    Joined:
    Oct 30, 2008
    Messages:
    5,463
    Thanks Received:
    1,913
    Trophy Points:
    248
    Location:
    Tennessee
    Ratings:
    +1,914
    He files disclosure forms. He hasn't released his actual taxes. We don't know if what he puts on those disclosure forms is accurate.
     

Share This Page