The Bain Files

[Ravi]

This might be interesting.

Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.

Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies. They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.

The Bain Files: Inside Mitt Romney's Tax-Dodging Cayman Schemes

 

[GHook93]

This might be interesting.

Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.

Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies. They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.

The Bain Files: Inside Mitt Romney's Tax-Dodging Cayman Schemes

You truly are a loser!

 

[Ravi]

This might be interesting.

Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.

Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies. They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.

The Bain Files: Inside Mitt Romney's Tax-Dodging Cayman Schemes

You truly are a loser!

Obviously. I don't have the ability to rip off Americans. Nor do I especially want to.

 

[Remodeling Maidiac]

The garbage truck is here. More trash from a gutter sniper

 

[Remodeling Maidiac]

[ame=http://www.youtube.com/watch?v=UnlRrxXv-v8&feature=youtube_gdata_player]Reverend Jeremiah Wright "God Damn America" - YouTube[/ame]

 

[Remodeling Maidiac]

[ame=http://www.youtube.com/watch?v=8IwuICbZcVk&feature=youtube_gdata_player]Obama Wants to Bankrupt The Coal Industry - YouTube[/ame]

 

[beretta304]

I see the IRS is very concerned as well! NOT!

The obsession with his wealth marches.... FORWARD!

 

[Remodeling Maidiac]

[ame=http://www.youtube.com/watch?v=Q1PVOIqQAns&feature=youtube_gdata_player]Biden Says Republicans Will Put People Back In Chains - YouTube[/ame]

 

[Remodeling Maidiac]

[ame=http://www.youtube.com/watch?v=OoqI5PSRcXM&feature=youtube_gdata_player]Obama-Spread the wealth around - YouTube[/ame]

 

[eflatminor]

Your desperation is showing.

 

[Remodeling Maidiac]

[ame=http://www.youtube.com/watch?v=YKjPI6no5ng&feature=youtube_gdata_player]Obama: If You've Got A Business, You Didn't Build That - YouTube[/ame]

 

[Remodeling Maidiac]

[ame=http://www.youtube.com/watch?v=-SknSjceHJ8&feature=youtube_gdata_player]Obama's been to 57 states REMIX - YouTube[/ame]

 

[Ravi]

Whoa!

Romney owns a stake in Sankaty Credit Opportunities L.P., a Delaware-based partnership. According to its financial statements, it had $201 million in assets in 2009 and a $52 million gain on the year—that's after a stunning $91 million loss in 2008. But what's interesting about Sankaty Credit Opportunities is that, according to his 2012 financial disclosure, Romney's interest in the entity was part of his retirement package: It was made "pursuant to an agreement with Bain Capital regarding Mr. Romney's retirement" in 1999. But according to its audited financial statement, Sankaty Credit Opportunities didn't exist yet when Romney retired: "Sankaty Credit Opportunities, L.P., is a Delaware limited partnership which commenced operations on August 12, 2002." In other words, Romney's 1999 retirement agreement included an investment in an entity created in 2002—in fact, was created in the heat of his first gubernatorial campaign in Massachusetts. When Romney explained at an October 29, 2002, debate in Massachusetts that he wasn't responsible for Bain's actions after his 1999 retirement, it was just 8 weeks after the creation by Bain of a fund that was part of his retirement agreement.


Mitt Romney's Endless 'Retirement' Package


That's quite a trick.

 

[Charles_Main]

This might be interesting.

Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.

Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies. They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.

The Bain Files: Inside Mitt Romney's Tax-Dodging Cayman Schemes

People might take you more Seriously if you cared as much about Obama's being Transparent as you do Romney, But you clearly don't so I call this Hypocritical BS from a Ultra Partisan Hack.

Sorry.

 

[GreatDay]

A big untold story here, is the question of just how do you make 40 million on passive investments of only 250 million? Romney is a proponent of people taking responsibility for their own retirements, is he willing to write rules that will require that all Americans be allowed to sign on for those kinds of passive returns?

 

[Ravi]

This might be interesting.

Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.

Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies. They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.

The Bain Files: Inside Mitt Romney's Tax-Dodging Cayman Schemes

People might take you more Seriously if you cared as much about Obama's being Transparent as you do Romney, But you clearly don't so I call this Hypocritical BS from a Ultra Partisan Hack.

Sorry.

That's fine. You are free to think as you wish. These Bain Files look really interesting.

 

[Remodeling Maidiac]

[ame=http://www.youtube.com/watch?v=8qVebGaL700&feature=youtube_gdata_player]John Kerry and the Isabel - $70,000 Annual Excise Due - YouTube[/ame]

 

[GreatDay]

This might be interesting.

Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.

Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies. They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.

The Bain Files: Inside Mitt Romney's Tax-Dodging Cayman Schemes

People might take you more Seriously if you cared as much about Obama's being Transparent as you do Romney, But you clearly don't so I call this Hypocritical BS from a Ultra Partisan Hack.

Sorry.

Tell me how many years has Obama released? Has Romney matched it? If not what are you talking about?

 

[Sinjorri]

lets all hate the rich white guy. Class WAR FARE notice the word war.

 

[Charles_Main]

A big untold story here, is the question of just how do you make 40 million on passive investments of only 250 million? Romney is a proponent of people taking responsibility for their own retirements, is he willing to write rules that will require that all Americans be allowed to sign on for those kinds of passive returns?

so what are you suggesting? that a Gain of 17% is unheard of? Impossible? Must be illegal?

You clearly don't know shit.