Reid says Romney didn't pay taxes for 10 years

[Toddsterpatriot]

Well, I don't think Harry Reid should be mouthing off on this unless he's willing to fork up the witness...this is a calculated move on his part for certain....BUT harry ain't the only one saying things like this...actually he's about a month or 2 behind the claims already made on romney...romney's tax return that he did release is incomplete, but we do know he paid less than 15% in income taxes when the average multi millionaire pays around 20% with the use of mainly tax free Municipal bonds...and romney's return does not show him participating in buying a ton of tax free Municipal Bonds so no one can figure out how he got to pay so little in taxes...not all accompanied forms were released with the year he did release.


speaking of tax rates...Maybe Republicans can actually REALIZE AND SEE that NO ONE at the very top...the top 1/10 of 1%ers, EVER PAYS 35% income taxes because they have tons of legal loopholes written for them by congress....

but we do know he paid less than 15% in income taxes

but we do know he paid less than 15% in capital gains and dividend taxes

Fixed it for you.

so no one can figure out how he got to pay so little in taxes

Well, if you're paying a 15% rate and give a few million to charity, your rate drops below 15%.

so, you are saying he got paid no income what so ever and just made Capital Gains? and if this is the case, why should hard working people in the 250k and above range end up with a 25% to 30% net tax rate while those making millions of dollars more, by not working at all, pay at a lesser rate than the working Joe?

Our tax structure is really messed up, to the enth degree....

so, you are saying he got paid no income what so ever and just made Capital Gains?

AFAIK, his income from his Bain ownership is considered capital gains.

http://c4230422.r22.cf2.rackcdn.com/1040-2010.pdf

so, you are saying he got paid no income what so ever and just made Capital Gains?

And dividends and interest, according to the above link.

and if this is the case, why should hard working people in the 250k and above range end up with a 25% to 30% net tax rate while those making millions of dollars more, by not working at all, pay at a lesser rate than the working Joe?

Because that's the tax code. Wages are different than capital gains and dividends.

 

[Care4all]

but we do know he paid less than 15% in income taxes

but we do know he paid less than 15% in capital gains and dividend taxes

Fixed it for you.

so no one can figure out how he got to pay so little in taxes

Well, if you're paying a 15% rate and give a few million to charity, your rate drops below 15%.

so, you are saying he got paid no income what so ever and just made Capital Gains? and if this is the case, why should hard working people in the 250k and above range end up with a 25% to 30% net tax rate while those making millions of dollars more, by not working at all, pay at a lesser rate than the working Joe?

Our tax structure is really messed up, to the enth degree....

so, you are saying he got paid no income what so ever and just made Capital Gains?

AFAIK, his income from his Bain ownership is considered capital gains.

http://c4230422.r22.cf2.rackcdn.com/1040-2010.pdf

so, you are saying he got paid no income what so ever and just made Capital Gains?

And dividends and interest, according to the above link.

and if this is the case, why should hard working people in the 250k and above range end up with a 25% to 30% net tax rate while those making millions of dollars more, by not working at all, pay at a lesser rate than the working Joe?

Because that's the tax code. Wages are different than capital gains and dividends.

that's the point, they shouldn't have a lower rate than the "working person's" rate....

 

[Toddsterpatriot]

so, you are saying he got paid no income what so ever and just made Capital Gains? and if this is the case, why should hard working people in the 250k and above range end up with a 25% to 30% net tax rate while those making millions of dollars more, by not working at all, pay at a lesser rate than the working Joe?

Our tax structure is really messed up, to the enth degree....

so, you are saying he got paid no income what so ever and just made Capital Gains?

AFAIK, his income from his Bain ownership is considered capital gains.

http://c4230422.r22.cf2.rackcdn.com/1040-2010.pdf

so, you are saying he got paid no income what so ever and just made Capital Gains?

And dividends and interest, according to the above link.

and if this is the case, why should hard working people in the 250k and above range end up with a 25% to 30% net tax rate while those making millions of dollars more, by not working at all, pay at a lesser rate than the working Joe?

Because that's the tax code. Wages are different than capital gains and dividends.

that's the point, they shouldn't have a lower rate than the "working person's" rate....

But they don't, working persons also pay 15% on capital gains and dividends.

 

[Care4all]

Investigation: Mitt Romney

Where the Money Lives


For all Mitt Romney’s touting of his business record, when it comes to his own money the Republican nominee is remarkably shy about disclosing numbers and investments. Nicholas Shaxson delves into the murky world of offshore finance, revealing loopholes that allow the very wealthy to skirt tax laws, and investigating just how much of Romney’s fortune (with $30 million in Bain Capital funds in the Cayman Islands alone?) looks pretty strange for a presidential candidate.

This unsettling account suggests the young Romney—at that point only two years out of Harvard Business School—was willing to push into gray areas when it came to business. More than three dec*ades later, as he tried to nail down the Republican nomination for president of the United States, Romney’s gray areas were again an issue when he repeatedly resisted calls to release more details of his net worth, his tax returns, and the large investments and assets held by him and his wife, Ann. Finally the other Republican candidates forced him to do so, but only highly selective disclosures were forthcoming. Even so, these provided a lavish smorgasbord for Romney’s critics. Particularly jarring were the Romneys’ many offshore accounts. As Newt Gingrich put it during the primary season, “I don’t know of any American president who has had a Swiss bank account.” But Romney has, as well as other interests in such tax havens as Bermuda and the Cayman Islands.

Read the rest of the Vanity Fair Article at the link above...

 

[mudwhistle]

Well, I don't think Harry Reid should be mouthing off on this unless he's willing to fork up the witness...this is a calculated move on his part for certain....BUT harry ain't the only one saying things like this...actually he's about a month or 2 behind the claims already made on romney...romney's tax return that he did release is incomplete, but we do know he paid less than 15% in income taxes when the average multi millionaire pays around 20% with the use of mainly tax free Municipal bonds...and romney's return does not show him participating in buying a ton of tax free Municipal Bonds so no one can figure out how he got to pay so little in taxes...not all accompanied forms were released with the year he did release.


speaking of tax rates...Maybe Republicans can actually REALIZE AND SEE that NO ONE at the very top...the top 1/10 of 1%ers, EVER PAYS 35% income taxes because they have tons of legal loopholes written for them by congress....

Can't blame Romney for using the laws available to him.

If you don't like the laws....change them.

Until then STFU.

Btw, Romney is good at making money all Obama is good at is spending it. He has to break the bank to do it or spend money he doesn't have, but he's skilled at it none the less. Maybe we need someone skilled at saving money, don't you think?

 

[Care4all]

so, you are saying he got paid no income what so ever and just made Capital Gains?

AFAIK, his income from his Bain ownership is considered capital gains.

http://c4230422.r22.cf2.rackcdn.com/1040-2010.pdf

so, you are saying he got paid no income what so ever and just made Capital Gains?

And dividends and interest, according to the above link.

and if this is the case, why should hard working people in the 250k and above range end up with a 25% to 30% net tax rate while those making millions of dollars more, by not working at all, pay at a lesser rate than the working Joe?

Because that's the tax code. Wages are different than capital gains and dividends.

that's the point, they shouldn't have a lower rate than the "working person's" rate....

But they don't, working persons also pay 15% on capital gains and dividends.

In general, the middle class working person has their investments in a 401k, where no taxes on gains are due until they retire and withdraw the money....they have to wait till 59 to withdraw any money....

there should not be a different rate on Capital Gains than earned income.

 

[Care4all]

Well, I don't think Harry Reid should be mouthing off on this unless he's willing to fork up the witness...this is a calculated move on his part for certain....BUT harry ain't the only one saying things like this...actually he's about a month or 2 behind the claims already made on romney...romney's tax return that he did release is incomplete, but we do know he paid less than 15% in income taxes when the average multi millionaire pays around 20% with the use of mainly tax free Municipal bonds...and romney's return does not show him participating in buying a ton of tax free Municipal Bonds so no one can figure out how he got to pay so little in taxes...not all accompanied forms were released with the year he did release.


speaking of tax rates...Maybe Republicans can actually REALIZE AND SEE that NO ONE at the very top...the top 1/10 of 1%ers, EVER PAYS 35% income taxes because they have tons of legal loopholes written for them by congress....

Can't blame Romney for using the laws available to him.

If you don't like the laws....change them.

Until then STFU.

Btw, Romney is good at making money all Obama is good at is spending it. He has to break the bank to do it or spend money he doesn't have, but he's skilled at it none the less. Maybe we need someone skilled at saving money, don't you think?

sorry...you can't make me STFU.....

and that is not the issue....the issue is romney/bain having over 130 off shore accounts in tax haven countries and whether or not he was doing such illegally and was one of the ones who received Amnesty for it.

 

[mudwhistle]

I want to understand the rethug mind.(if it could be done).

You rethugs seem to think that the ultra wealthy type people that would or could invest in a Bain Caapital, are so stupid that you think they didn't ask their Bain advisor (Mitt for instance) what kind of tax treatment the fund was recieving.

And you all don't think that Mitt or whoever proudly told those potential investors just how they had been able to pay little to no tax on earnings. And through the lobbying efforts of companies like Bain, they hoped to improve the tax code even more.

You rethugs are retards if you don't think ultra wealthy people like MItt have tax avoidance strategies. And brag about them.

And somebody heard about it and repeated it to Harry.

Mormons rumble. My money is on Harry. He wouldn't needed anybody else to hold that long haired boy down,

If your money is on Harry then you pissed it away. The IRS already knows the truth. If it was true it would be all over the news, not spread through rumors. Obama opposition researchers would be all over it.

 

[Pho_King]

The Romney campaign provided the documents required by law. He did what was asked.

Anything else is none of your fucking business, Libturds.

Case fucking closed...

Next !!!

And if this were Obama? Would you be fighting so hard to keep information about Obama's returns a SECRET, when the rumors were that he took Amnesty and evaded taxes by having his money in Offshore bank accounts?

I don't think so Warrior.....

If he didn't take Amnesty, and he has nothing to hide...he should just release a few years of his return to shut everyone up....this will hurt him more than help him....if he doesn't imho.

So who is your second choice for president if the Republicans have to pick someone else at the convention?

He does not have to shut everyone up. Normal people think this is a non issue. Only OWS parasites really care, and nothing with make them shut their claptraps.

 

[Care4all]

I want to understand the rethug mind.(if it could be done).

You rethugs seem to think that the ultra wealthy type people that would or could invest in a Bain Caapital, are so stupid that you think they didn't ask their Bain advisor (Mitt for instance) what kind of tax treatment the fund was recieving.

And you all don't think that Mitt or whoever proudly told those potential investors just how they had been able to pay little to no tax on earnings. And through the lobbying efforts of companies like Bain, they hoped to improve the tax code even more.

You rethugs are retards if you don't think ultra wealthy people like MItt have tax avoidance strategies. And brag about them.

And somebody heard about it and repeated it to Harry.

Mormons rumble. My money is on Harry. He wouldn't needed anybody else to hold that long haired boy down,

If you money is on Harry then you pissed it away. The IRS already knows the truth. If it was true it would be all over the news, not spread through rumors. Obama opposition researchers would be all over it.

As was pointed out SEVERAL TIMES in this thread, the IRS made an agreement with those that did break the law and took the Amnesty, NOT TO REVEAL their names....they got SPECIAL treatment.

 

[Toddsterpatriot]

that's the point, they shouldn't have a lower rate than the "working person's" rate....

But they don't, working persons also pay 15% on capital gains and dividends.

In general, the middle class working person has their investments in a 401k, where no taxes on gains are due until they retire and withdraw the money....they have to wait till 59 to withdraw any money....

there should not be a different rate on Capital Gains than earned income.

I'd have no problem with a flat 15% tax on wages.

 

[Care4all]

worth repeating:

Finally the other Republican candidates forced him to do so, but only highly selective disclosures were forthcoming. Even so, these provided a lavish smorgasbord for Romney’s critics. Particularly jarring were the Romneys’ many offshore accounts. As Newt Gingrich put it during the primary season, “I don’t know of any American president who has had a Swiss bank account.” But Romney has, as well as other interests in such tax havens as Bermuda and the Cayman Islands.

Investigation: Mitt Romney

So, it is BS that this issue is just Dems spinning wheels

 

[Toddsterpatriot]

I want to understand the rethug mind.(if it could be done).

You rethugs seem to think that the ultra wealthy type people that would or could invest in a Bain Caapital, are so stupid that you think they didn't ask their Bain advisor (Mitt for instance) what kind of tax treatment the fund was recieving.

And you all don't think that Mitt or whoever proudly told those potential investors just how they had been able to pay little to no tax on earnings. And through the lobbying efforts of companies like Bain, they hoped to improve the tax code even more.

You rethugs are retards if you don't think ultra wealthy people like MItt have tax avoidance strategies. And brag about them.

And somebody heard about it and repeated it to Harry.

Mormons rumble. My money is on Harry. He wouldn't needed anybody else to hold that long haired boy down,

If you money is on Harry then you pissed it away. The IRS already knows the truth. If it was true it would be all over the news, not spread through rumors. Obama opposition researchers would be all over it.

As was pointed out SEVERAL TIMES in this thread, the IRS made an agreement with those that did break the law and took the Amnesty, NOT TO REVEAL their names....they got SPECIAL treatment.

The Obama team has no problem leaking national security secrets that put lives in danger.
You think they'd hesitate to leak IRS info? LOL!
Thanks, I needed a laugh.

 

[Amazed]

And if this were Obama? Would you be fighting so hard to keep information about Obama's returns a SECRET, when the rumors were that he took Amnesty and evaded taxes by having his money in Offshore bank accounts?

I don't think so Warrior.....

If he didn't take Amnesty, and he has nothing to hide...he should just release a few years of his return to shut everyone up....this will hurt him more than help him....if he doesn't imho.

So who is your second choice for president if the Republicans have to pick someone else at the convention?

You guys don't get it...this is a made up issue by the Left and nobody really cares about it....except the MSM and the mind numbed leftbots all over message boards on the internet. This isn't playing with those of us on mainstreet, we don't give a rats ass about this.

It's not made up....truly it isn't just picked up out of the Blue...we have on record that Romney was putting money in to swiss banks, and the Cayman Islands and Bermuda...and those are the 3 countries that don't report to the Usa who their customers are that are American, they are known Tax Havens....Most other countries have agreements with the USA to reveal annually this information for tax purposes. Maybe he just created an offshore holding company in these countries because he just felt like it..., and is really reporting all of his assets there on his taxes....

Too main could care less about this....just the leftbots.

We know that man can creates jobs...we know he has HELD jobs and been successful....unlike well Barak Urkel who has never really worked at anything.

You must think that the IRS is a timid organization...that they are "afraid" to go after Romney becuase "somebody said" Mitt hadn't paid his taxes...logic is not a leftwing strong point.

 

[Care4all]

If you money is on Harry then you pissed it away. The IRS already knows the truth. If it was true it would be all over the news, not spread through rumors. Obama opposition researchers would be all over it.

As was pointed out SEVERAL TIMES in this thread, the IRS made an agreement with those that did break the law and took the Amnesty, NOT TO REVEAL their names....they got SPECIAL treatment.

The Obama team has no problem leaking national security secrets that put lives in danger.
You think they'd hesitate to leak IRS info? LOL!
Thanks, I needed a laugh.

Actually it is you that is giving us a great laugh....never seen such spectacular spinning....you should be in the olympics with those moves....

got a link for those National Security leaks you speak of Obama making btw?

 

[mudwhistle]

Well, I don't think Harry Reid should be mouthing off on this unless he's willing to fork up the witness...this is a calculated move on his part for certain....BUT harry ain't the only one saying things like this...actually he's about a month or 2 behind the claims already made on romney...romney's tax return that he did release is incomplete, but we do know he paid less than 15% in income taxes when the average multi millionaire pays around 20% with the use of mainly tax free Municipal bonds...and romney's return does not show him participating in buying a ton of tax free Municipal Bonds so no one can figure out how he got to pay so little in taxes...not all accompanied forms were released with the year he did release.


speaking of tax rates...Maybe Republicans can actually REALIZE AND SEE that NO ONE at the very top...the top 1/10 of 1%ers, EVER PAYS 35% income taxes because they have tons of legal loopholes written for them by congress....

Can't blame Romney for using the laws available to him.

If you don't like the laws....change them.

Until then STFU.

Btw, Romney is good at making money all Obama is good at is spending it. He has to break the bank to do it or spend money he doesn't have, but he's skilled at it none the less. Maybe we need someone skilled at saving money, don't you think?

sorry...you can't make me STFU.....

and that is not the issue....the issue is romney/bain having over 130 off shore accounts in tax haven countries and whether or not he was doing such illegally and was one of the ones who received Amnesty for it.

Sorry, but investing overseas is not illegal and never has been. Giving aide to terrorists, now that is illegal, which is what Obama is doing in Syria.

I suggested you STFU so you won't appear any more foolish than you already do. You can choose to or not. It's a free country......at least for now.

 

[mudwhistle]

As was pointed out SEVERAL TIMES in this thread, the IRS made an agreement with those that did break the law and took the Amnesty, NOT TO REVEAL their names....they got SPECIAL treatment.

The Obama team has no problem leaking national security secrets that put lives in danger.
You think they'd hesitate to leak IRS info? LOL!
Thanks, I needed a laugh.

Actually it is you that is giving us a great laugh....never seen such spectacular spinning....you should be in the olympics with those moves....

got a link for those National Security leaks you speak of Obama making btw?

So you're not smart enough to figure out Google?

Jeeze, you are silly.


Okay, I'll help you.

Look at the top right corner of your browser. There you'll find a search bar. Type in google or Bing, whichever you choose. When the page comes up find the search bar and type "Obama White House Leaks". You'll discover hundreds of stories on it. Even (D) Sen Diane Feinstein has been accusing the White house of leaks tailored to make Obama look good. Leaks about planting viruses in Iranian centrefuges to Obama personally picking targets on a kill-list. Leaking the UK missile codes. Tons of stuff.

 

[Care4all]

Can't blame Romney for using the laws available to him.

If you don't like the laws....change them.

Until then STFU.

Btw, Romney is good at making money all Obama is good at is spending it. He has to break the bank to do it or spend money he doesn't have, but he's skilled at it none the less. Maybe we need someone skilled at saving money, don't you think?

sorry...you can't make me STFU.....

and that is not the issue....the issue is romney/bain having over 130 off shore accounts in tax haven countries and whether or not he was doing such illegally and was one of the ones who received Amnesty for it.

Sorry, but investing overseas is not illegal and never has been. Giving aide to terrorists, now that is illegal, which is what Obama is doing in Syria.

I suggested you STFU so you won't appear any more foolish than you already do. You can choose to or not. It's a free country......at least for now.

gawd you are so misinformed it is pathetic...investing overseas in tax haven countries, can most certainly be ILLEGAL, thus giving AMNESTY to those who BROKE THE LAW....use your god given brain Mud.

 

[Toddsterpatriot]

As was pointed out SEVERAL TIMES in this thread, the IRS made an agreement with those that did break the law and took the Amnesty, NOT TO REVEAL their names....they got SPECIAL treatment.

The Obama team has no problem leaking national security secrets that put lives in danger.
You think they'd hesitate to leak IRS info? LOL!
Thanks, I needed a laugh.

Actually it is you that is giving us a great laugh....never seen such spectacular spinning....you should be in the olympics with those moves....

got a link for those National Security leaks you speak of Obama making btw?

https://www.google.com/#sclient=psy...gc.r_pw.&fp=faaf61047e7fff23&biw=1024&bih=588

 

[Toddsterpatriot]

sorry...you can't make me STFU.....

and that is not the issue....the issue is romney/bain having over 130 off shore accounts in tax haven countries and whether or not he was doing such illegally and was one of the ones who received Amnesty for it.

Sorry, but investing overseas is not illegal and never has been. Giving aide to terrorists, now that is illegal, which is what Obama is doing in Syria.

I suggested you STFU so you won't appear any more foolish than you already do. You can choose to or not. It's a free country......at least for now.

gawd you are so misinformed it is pathetic...investing overseas in tax haven countries, can most certainly be ILLEGAL, thus giving AMNESTY to those who BROKE THE LAW....use your god given brain Mud.

...investing overseas in tax haven countries, can most certainly be ILLEGAL

Really? You have a link to legislation that proves your claim?