HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Mitt Romney's 2010 Tax Di...

Fri Aug 17, 2012, 04:40 PM

Mitt Romney's 2010 Tax Disclosure missing 990-T form - campaign spokesperson won't respond

Presidential candidate Mitt Romney's tax returns may be more incomplete in their public release than was previously thought. Filings related to Romney's individual retirement account, already subject to press scrutiny, indicate that the presumptive GOP nominee should have filed a form accounting for unrelated business income taxes.

The unrelated business income tax is set up for tax-exempts like nonprofits and IRAs that engage in commercial activity. Not filing the form, known as a 990-T, may indicate that Romney's IRA funds are held by an offshore account in order to shield them from taxation.

Romney campaign spokesperson Andrea Saul did not return multiple requests for the 990-T form, nor did she answer repeated questions related to the matter.

From what Romney has disclosed, there is mounting circumstantial evidence that the IRA may hold offshore investments through what are known as "blocker corporations," which help him avoid paying taxes. Senator Max Baucus (D-Mont.)

http://www.huffingtonpost.com/2012/08/17/mitt-romney-2010-tax-unrelated-business_n_1798152.html?utm_hp_ref=mostpopular

63 replies, 8340 views

Thread informationRemove bookmarkTrash this thread

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 63 replies Author Time Post
Reply Mitt Romney's 2010 Tax Disclosure missing 990-T form - campaign spokesperson won't respond (Original post)
Liberal_in_LA Aug 2012 OP
The Magistrate Aug 2012 #1
AnotherMother4Peace Aug 2012 #30
Rosa Luxemburg Aug 2012 #59
progress2k12nbynd Aug 2012 #32
kestrel91316 Aug 2012 #54
mac56 Aug 2012 #56
Quantess Aug 2012 #57
kestrel91316 Aug 2012 #60
aint_no_life_nowhere Aug 2012 #2
AzDar Aug 2012 #3
malaise Aug 2012 #4
gordianot Aug 2012 #5
Ruby the Liberal Aug 2012 #6
goclark Aug 2012 #7
jillan Aug 2012 #8
sad sally Aug 2012 #9
Sekhmets Daughter Aug 2012 #52
ArcticFox Aug 2012 #53
sad sally Aug 2012 #62
MADem Aug 2012 #10
flamingdem Aug 2012 #11
flamingdem Aug 2012 #12
silvershadow Aug 2012 #13
flamingdem Aug 2012 #14
silvershadow Aug 2012 #16
flamingdem Aug 2012 #19
renate Aug 2012 #17
flamingdem Aug 2012 #18
Ineeda Aug 2012 #23
flamingdem Aug 2012 #25
Ineeda Aug 2012 #26
Politicalboi Aug 2012 #28
tex-wyo-dem Aug 2012 #37
Mopar151 Aug 2012 #44
ellenfl Aug 2012 #58
wryter2000 Aug 2012 #50
NYC Liberal Aug 2012 #20
renate Aug 2012 #33
NYC Liberal Aug 2012 #34
tex-wyo-dem Aug 2012 #38
NYC Liberal Aug 2012 #43
stopbush Aug 2012 #42
druidity33 Aug 2012 #35
silvershadow Aug 2012 #15
yourout Aug 2012 #21
klook Aug 2012 #22
WinstonSmith4740 Aug 2012 #24
Iliyah Aug 2012 #27
uponit7771 Aug 2012 #29
Peaceful Protester Aug 2012 #31
Voice for Peace Aug 2012 #48
Peaceful Protester Aug 2012 #36
Peaceful Protester Aug 2012 #39
Voice for Peace Aug 2012 #49
underthematrix Aug 2012 #40
lumpy Aug 2012 #41
nolabels Aug 2012 #45
Angry Dragon Aug 2012 #46
BrainMann1 Aug 2012 #47
treestar Aug 2012 #51
BumRushDaShow Aug 2012 #55
ellisonz Aug 2012 #61
Berlum Aug 2012 #63

Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 04:43 PM

1. So he Has Not even Released One Year, Sir, Let Alone The 'Two' His Wife And He Keep Babbling About

The man is pathological, a congenital liar, I do not think he can help himself, he cannot speak without lying....

"Romney loves America like a tick loves a dog."

Reply to this post

Back to top Alert abuse Link here Permalink


Response to The Magistrate (Reply #1)

Fri Aug 17, 2012, 07:12 PM

30. Ryan said he'll release 2 yrs "just like Romney has" huh?!?? Romney/Ryan = Devious Duo

Reply to this post

Back to top Alert abuse Link here Permalink


Response to AnotherMother4Peace (Reply #30)

Sat Aug 18, 2012, 02:23 PM

59. Audit time!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to The Magistrate (Reply #1)

Fri Aug 17, 2012, 08:02 PM

32. Agreed Sir. That's What I Think Sir.

 

Thanks Sir. Have A Great Evening Sir.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to progress2k12nbynd (Reply #32)

Sat Aug 18, 2012, 11:47 AM

54. If you are being snotty to The Magistrate, you'd do well to rethink that tactic.

It won't end well for you.

He's in fact a retired judge, and one of our most respected DUers. You, OTOH are nobody.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to kestrel91316 (Reply #54)

Sat Aug 18, 2012, 12:54 PM

56. +1000

Reply to this post

Back to top Alert abuse Link here Permalink


Response to kestrel91316 (Reply #54)

Sat Aug 18, 2012, 12:57 PM

57. You can't read the newbie's mind.

You can't know for sure that was an attempt to be snotty.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Quantess (Reply #57)

Sat Aug 18, 2012, 02:49 PM

60. ....which would be why I prefaced the post with that word "IF".

I think the hit-and-run nature of the newbie post speaks volumes.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 04:43 PM

2. Multiple requests? At least the press is finally asking questions

and I hope they don't let this go.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 04:44 PM

3. Keep up the pressure...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 04:46 PM

4. Bwaaaaaaaaaaaaaah hahahahahahah

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 04:48 PM

5. Point should be made that he has not even released one year of taxes.

That he has not released his real taxes for even one uear should be taken up by the Obama campaign and not just a few commentators on MSNBC and blogs. People need to stop giving him credit for one year. If this was Obama MSM would hound this constantly.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 04:48 PM

6. So Baucus' handlers gave him clearance to wade into this debate?

Thats surprising.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 04:49 PM

7. bingo...lets wiggle out of this s...mitt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 04:54 PM

8. And his campaign keeps saying no one cares about Mitt's taxes. haha. That's all

anyone is talking about.

Let it keep on drip drip dripping.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 05:01 PM

9. How could the Romney's have accumulated this amount in their IRA's? Not from ordinary

accounting practices. Must be those tax laws for the filthy rich.

From the huffpost article: The offshore tax avoidance could be huge. HuffPost recently reported that the candidate has between $20.7 million and $101.6 million in his IRA -- well above the average IRA value of $67,438 in 2010.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to sad sally (Reply #9)

Sat Aug 18, 2012, 11:16 AM

52. It's a complicated issue

But it appears he funded this IRA account with stocks and options with stated values many times lower than their actual value today.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to sad sally (Reply #9)

Sat Aug 18, 2012, 11:19 AM

53. It's easy

Take 100 shares of privately traded stock, put it in your IRA, tell the gubmint it's worth, say, $30 per share. Then, sell those 100 shares for their true value of $1 000 per share and claim it's all because of your increasing the value of the business in the meantime.

Voilla, you have a$100 000 contribution.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ArcticFox (Reply #53)

Sat Aug 18, 2012, 04:51 PM

62. Kinda' like shell game watch the pea under the cup - with Romney the shell man and the

gubmint the rube?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 05:04 PM

10. HA HA!!!!!!!!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 05:20 PM

11. Yummy! The accountants ran out of creative tricks

This one you MUST release Willard! Sing Sing or Reikers Island?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 05:21 PM

12. What if the repukes really aim to replace him at the convention?

Is there a chance still?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to flamingdem (Reply #12)

Fri Aug 17, 2012, 05:38 PM

13. Yes. I suspect now that will be their only hope. Look for Tampa to be interesting?

This is getting good. I'm buttering up my popcorn. Will their party ever recover?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to silvershadow (Reply #13)

Fri Aug 17, 2012, 05:40 PM

14. My concern is that they'd put someone better than Romney in..

If he's disqualified they can pick someone, but not too many good ones out there..

Reply to this post

Back to top Alert abuse Link here Permalink


Response to flamingdem (Reply #14)

Fri Aug 17, 2012, 05:45 PM

16. Like say Jeb?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to silvershadow (Reply #16)

Fri Aug 17, 2012, 05:59 PM

19. Jeb is probably the best bet

but he's a Boosh... so he'd rather wait for people to forget a bit more..

Reply to this post

Back to top Alert abuse Link here Permalink


Response to flamingdem (Reply #14)

Fri Aug 17, 2012, 05:46 PM

17. I know... I'm not a concern troll, I'm honestly concerned

(but not very) This story is getting good, but a little too good a little too early. As much as I would like to see Romney slink off with his tail between his legs, I care a lot more about winning the election.

Romney-Ryan is going so badly that I wouldn't be surprised if the powers that be--i.e. that Adelson guy--would love a chance to shake the Etch-a-Sketch and start again. I can only think of a couple of replacements who could get the Republicans fired up quickly enough for November--Chris Christie and Jeb Bush--and since they both have serious aspirations to run in the future they may well decide not to accept the candidacy even if it were handed to them on a plate in a year when the Republican party is in such disarray. I hope not, anyway.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to renate (Reply #17)

Fri Aug 17, 2012, 05:58 PM

18. Petraeus has been mentioned

but I can't see him wanting it..

But let's say he refuses to release that new missing form - now that's a requirement.

I guess he will but imagine if there is a law broken..

Christie is just too much, wouldn't have been sufficiently vetted. Jeb is a Boosh!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to flamingdem (Reply #18)

Fri Aug 17, 2012, 06:37 PM

23. Christie needs time

to have (and recover from) gastric bypass surgery. I despise him, but not for that reason. However the American public probably will not elect a morbidly obese president, citing 'health concerns.' I also believe Jeb is going to wait until 2016. This year is too soon for anyone to forget the disastrous B*sh years and let's face it, our president is generally popular with non-crazies and non-bigots. So I can't think of anyone who would "excite the base" and be a viable alternative. I think they're stuck with him and will do everything they can to damage Dems on the down-tickets.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Ineeda (Reply #23)

Fri Aug 17, 2012, 06:38 PM

25. what if Obama runs unopposed!

or against dingy Ryan..

Reply to this post

Back to top Alert abuse Link here Permalink


Response to flamingdem (Reply #25)

Fri Aug 17, 2012, 06:39 PM

26. History-making! I love it. n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to flamingdem (Reply #25)

Fri Aug 17, 2012, 06:48 PM

28. If that inside trading is true

Ryan could be out himself. My guess would be it would be between Palin and Ron Paul. Don't underestimate Ron Paul supporters.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Ineeda (Reply #23)

Fri Aug 17, 2012, 11:45 PM

37. I did think of someone the other day...a dark horse, possibly...

Someone who has run in a GOP primary before and has name recognition, someone with conservative/religious-right/teabagger cred, but who has a certain something that might draw independents over...

Huckabee

(Funny...I just did a spell check and the first suggestion for "huckabee" was "huckster" )

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Ineeda (Reply #23)

Sat Aug 18, 2012, 03:17 AM

44. I dislike Christie intensely

But I don't wanna watch him stroke out. Better he gets healthy, and the voters send him home.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Mopar151 (Reply #44)

Sat Aug 18, 2012, 01:16 PM

58. i don't see how christie could ever get elected.

he's way too coarse for the international stage. he's a foul-mouthed boor. he'd have to change a lot to get non-northeastern repubs to vote for him.

jmo

ellen fl

Reply to this post

Back to top Alert abuse Link here Permalink


Response to flamingdem (Reply #18)

Sat Aug 18, 2012, 10:59 AM

50. Love your sig line! n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to renate (Reply #17)

Fri Aug 17, 2012, 06:12 PM

20. A replacement at the convention would be disastrous for the GOP.

Last edited Fri Aug 17, 2012, 06:17 PM USA/ET - Edit history (2)

Worse than keeping Romney.

Besides the fact that the Republican voters would revolt at having their popularly-chosen candidate replaced with someone chosen by party big wigs in a smoke-filled backroom, and besides the fact that Romney would have to release his delegates to vote for his own replacement (it would never happen), no candidate they picked would have enough time to set up an entire national campaign with infrastructure, staff, a web presence, etc. That's something that takes several years to build up. And let's not forget money; where would that come from? The billionaires and corporations that have pumped money into supporting Romney aren't simply going to give millions more to jump start a new losing campaign 2 months before the election.

Also, the new candidate wouldn't be able to just 'take over' the Romney campaign: Romney wouldn't just hand over the keys, nor would any of the other people running the campaign -- and there's nothing that says they'd have to

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NYC Liberal (Reply #20)

Fri Aug 17, 2012, 08:19 PM

33. that's comforting... you're right!

It's just that Romney and Ryan look SO BAD and will look even worse by election day that I thought the powers that be would grab any chance at dumping them, especially Romney, whom nobody seems to actually like. But you're right. Logic wins! Thanks--I feel better!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to renate (Reply #33)

Fri Aug 17, 2012, 08:33 PM

34. Well now of course, we WANT them to pick the most disastrous option for them

So we ought to be encouraging them to do it!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NYC Liberal (Reply #20)

Fri Aug 17, 2012, 11:54 PM

38. I think you are absolutely right....

A GOP brokered convention would be disastorous for them, and it's not going to happen, but (and this is a big but) if the rmoney/ryan ticket looks to be a serious liability to down-ticket and state races for the rethugs, then it's anybody's game, IMO.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to tex-wyo-dem (Reply #38)

Sat Aug 18, 2012, 02:44 AM

43. I think they'd rather take their lumps with Romney

this election, regroup and prepare for 2016 when there will be no incumbent than risk even more far reaching damage with a stunt like a new candidate at the convention.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NYC Liberal (Reply #20)

Sat Aug 18, 2012, 02:16 AM

42. You're right. The GOP is counting n the MSM to rehabilitate R&R at every turn.

Soon, the liberal nightly line-up at MSNBC will be the only people harping on R&R, which means the morning crew at MSNBC will be just as complicit as Faux in building up these jokers.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to flamingdem (Reply #12)

Fri Aug 17, 2012, 08:51 PM

35. No one else would qualify for the ballot?

Don't you need a bunch of signatures to get on the ballot?

Maybe a write in? But for President? I don't think so...






Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 05:44 PM

15. They couldn't have picked a better candidate

to put under the microscope. The candidate who thumbs his nose at every chance, even to the point of committing suspected felonies, if he took amnesty as most are now suspecting. On top of that his behavior has continued past the amnesty period. He's textbook something, reminds me of something. He's not fit, whatever it is, in my book.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 06:21 PM

21. Tax E Vader.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to yourout (Reply #21)

Fri Aug 17, 2012, 06:24 PM

22. Haha, good one!

I think we'll be hearing more heavy breathing in the days to come.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 06:37 PM

24. And this is the man that keeps saying "Trust Me"

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 06:44 PM

27. Ryan releasing his two years taxes ain't gonna stop

the O Administration in requesting Mittens. I believe Mitten has done some questionable things and maybe paid no taxes, and I do believe Dirty Harry does know. . .

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 07:10 PM

29. wow

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Fri Aug 17, 2012, 07:15 PM

31. Taxy Sings

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Peaceful Protester (Reply #31)

Sat Aug 18, 2012, 08:53 AM

48. Taxy!

Reply to this post

Back to top Alert abuse Link here Permalink



Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 12:15 AM

39. The Taxy Family

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Peaceful Protester (Reply #39)

Sat Aug 18, 2012, 08:54 AM

49. I'm having taxygasms

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 01:32 AM

40. MITTNOCCHIO is an older better looking NIXON.

But MITTNOCCHIO is still Nixon in every sense of the proper noun. He's a crook, a thug, LIAR, mentally ill, and extremely dangerous to anyone with less than 10 million dollars.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 01:46 AM

41. Mitt is so transparent you can see right though him.

Enough said

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 03:30 AM

45. Wow and double Wow, this is the funnest ride ever

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 07:04 AM

46. Willard -- the great American liar and fraud

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 08:09 AM

47. Mitty, Mitty, Mitty

I truly understand why you will not release anymore tax returns.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 11:03 AM

51. Could that be why he has so much money in the IRAs?

As I understand it, it is suspicious that he has so much money in them when there are limits on how much can go into them. So therefore, he's not being taxed like regular Americans are, since he can stash the money in foreign countries.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 11:52 AM

55. K&R

Layer after layer after layer of deceit and lies and obfuscation. It's simply breath-taking how he slid under the radar for so long.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 03:08 PM

61. Where de tax returns Romney?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Liberal_in_LA (Original post)

Sat Aug 18, 2012, 05:03 PM

63. Wow - disgraceful Republican sleazebaggery

Shame on you Willard.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread