Romney's income was $21.7 million in 2010 and $20.9 million last year

Discussion in 'Politics' started by get_involved, Jan 24, 2012.

  1. get_involved
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    get_involved Gold Member

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    Good for him! Capital gains are less because the person TAKES A RISK INVESTING! Romney could of lost that much. It shows that he is a smart investor.

    Unfortunately most people are jealous and think Romney is out of touch with the "so called
    average person"
    . I want somebody smart like Romney as President!

    Mitt Romney releases tax returns - The Washington Post



    -
     
  2. Chris
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    Chris Gold Member

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    Romney tied his dog to the roof of his car for a 12 hour trip. He did the same thing to the American worker when he looted American companies and shipped their jobs overseas.

    Obama has created 22 months of private sector job growth.

    I will be voting for Obama.
     
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  3. Chris
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    Chris Gold Member

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    Romney said attacks on income inequity are "envy."

    Well let's be honest... we do envy the wealthy.

    We envy the ability of the wealthy to convince 50% of the population to vote against their own interests.

    We envy the ability of the wealthy to run the country into the ground, blame the government...then ask the same government for help.

    We envy the ability of the wealthy to demand the government provide corporate protections, subsidies and welfare, while simultaneously denouncing "dependency" on Government.

    We envy the ability of the wealthy to use their wealth to buy US public policy and law.
     
  4. get_involved
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    get_involved Gold Member

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    LOL! It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt.

    How old are you? About 8?
     
  5. Synthaholic
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    Synthaholic Platinum Member

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    What did he say that was foolish?
     
  6. Chris
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    Chris Gold Member

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    ABCNews: FBI probing Bain Capital; ABC reports Romney & wife's millions in Cayman Island offshore accounts

    FBI response to ABCNews Freedom of Information Act (FOIA) request:
    About two weeks ago, the FBI evoked FOIA exemption 7(a) and denied access to all Bain Capital records on the grounds that "there is a pending or prospective law enforcement proceeding relevant to these responsive records; and that release of the information contained in these responsive records could reasonably be expected to interfere with the enforcement proceedings."
    FBI Response to FOIA Re: Bain Capital

    Questions can be raised whether the FBI is required to release Bain files related to an open investigation. As the FBI response shows, the answer to that question is no. However, the response also shows that the FBI is required to acknowledge the probe's existence. The only time the Bureau is allowed to claim a no records response is during an active investigation in which acknowledgment of responsive records would compromise it.

    Off shore bank accounts are tools to help lessen the tax burden US citizens face. Are off shore bank accounts a bad thing? They might be if you are worth $250 million dollars, running for president and trying to connect with the average American citizen.

    In 2008, the Los Angeles Times reported that Mitt Romney, as head of Bain Capital, utilized shell companies and two offshore tax havens in Bermuda and the Cayman Islands to help eligible investors avoid paying U.S. taxes. The tax-friendly jurisdictions helped attract billions of investment dollars to Bain Capital. Los Angeles Times reporter Bob Drogan spoke about this in 2008:
    BOB DROGIN: "A side light of that was Bain Capital, which today has assets of about $60 billion — that’s their — the number that they officially say — and about a third of that comes from these offshore operations that Romney set up when he was still there, in particular, companies that are set up — really, they’re just mail drops, they’re mailboxes; they don’t have any staff, they don’t have any operations. The one on Grand Cayman Island is a Post Office Box 60D, I think, on Grand Cayman Island, and the ones in Bermuda are also at a lawyer’s office. But they’ve got them in other places as well. And they bring in somewhere above $25 billion a year."
    "And again, it’s — these are companies — these are operations set up through various systems. They’re blocker corporations. They are investment — or rather, equity groups that are set up to attract, for the large part, foreign capital. And the reason these are set up overseas is so that foreign investors in these private companies can avoid paying U.S. taxes. Mitt Romney and his colleagues don’t get that advantage. So it’s not like they’re avoiding taxes through this. It’s simply — what happens is, they’re helping other people avoid paying U.S. taxes, and as a result they make enormous profits."

    TomFlocco: ABCNews: FBI probing Bain Capital; ABC reports Romney & wife's millions in Cayman Island offshore accounts
     
  7. Valox
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    Valox Senior Member

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    Every Tom, Dick, and Harry I know has a Cayman account. Paying high taxes is so middle class.
     
  8. Synthaholic
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    Synthaholic Platinum Member

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    Romney's tax rate, 13.9%. Didn't even pretend to work for a living: http://wapo.st/xLNQrj


    Romney's tax return reveals he has a Swiss bank account http://thkpr.gs/ylBVzq


    On the day Romney told unemployed workers he was also unemployed Romney also banked $120,000
     
  9. Political Junky
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    Political Junky Gold Member

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    "Only the little people pay taxes."
    - Leona Helmsley
     
  10. Mr.Nick
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    Mr.Nick VIP Member

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    I don't support Romney, however he was "swavy" enough to make all those Millions...


    There is nothing wrong with being rich...

    I have not hate via envy for him...

    I don't agree with his politics...
     

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