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Wed Jul 18, 2012, 02:11 PM

OOPS! Mitt's 2010 Tax Returns NOT Fully Disclosed

WASHINGTON -- Mitt Romney has not released his full tax records from 2010, including key documentation connected to his Swiss bank account.

Although President Barack Obama and an increasing number of Republican politicians have called on Romney to release tax returns from years prior to 2010, the public criticism has so far failed to note that Romney has not disclosed all of his tax documents for 2010 itself -- the only year for which the GOP presidential nominee has presented any final tax forms.

Romney released his 2010 tax return in January of this year, a document that first informed voters about the existence of his Swiss bank account and financial activities in Bermuda and the Cayman Islands. But people who own foreign bank accounts are required to file a separate document with the IRS that provides additional details on such overseas bank holdings, and Romney has not released that form to the public.

The Romney campaign did not respond to HuffPost's request to view the document.

Tax experts say it is almost certain that Romney did file the form, known as a Report on Foreign Bank and Financial Accounts, or "FBAR" in accountant slang. The penalty for not filing an FBAR can be severe, and the IRS would have expected to receive the form since Romney listed the Swiss bank account on his tax return. Listing the account on his tax return and then failing to file the subsequent FBAR would have been asking for a hefty fine, and would probably have heightened IRS scrutiny of prior tax filings.

The rest: http://www.huffingtonpost.com/2012/07/18/mitt-romney-taxes-2010_n_1683084.html?utm_hp_ref=tw

46 replies, 5906 views

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Reply OOPS! Mitt's 2010 Tax Returns NOT Fully Disclosed (Original post)
FarLeftFist Jul 2012 OP
malaise Jul 2012 #1
aquart Jul 2012 #4
aquart Jul 2012 #2
kentuck Jul 2012 #3
siligut Jul 2012 #7
Gold Metal Flake Jul 2012 #5
JoePhilly Jul 2012 #13
Spitfire of ATJ Jul 2012 #20
alcibiades_mystery Jul 2012 #21
Jackpine Radical Jul 2012 #27
mazzarro Jul 2012 #6
Skittles Jul 2012 #8
kentuck Jul 2012 #9
progressivebydesign Jul 2012 #22
rtracey Jul 2012 #10
AllyCat Jul 2012 #41
Johnny2X2X Jul 2012 #11
kentuck Jul 2012 #12
spanone Jul 2012 #14
BamBamBane Jul 2012 #15
aint_no_life_nowhere Jul 2012 #16
SHRED Jul 2012 #17
kentuck Jul 2012 #18
demgrrrll Jul 2012 #19
progressivebydesign Jul 2012 #23
maindawg Jul 2012 #24
Johnny2X2X Jul 2012 #25
Jackpine Radical Jul 2012 #28
zellie Jul 2012 #26
aint_no_life_nowhere Jul 2012 #29
myrna minx Jul 2012 #30
riverbendviewgal Jul 2012 #31
someone15 Jul 2012 #32
malaise Jul 2012 #33
MrScorpio Jul 2012 #34
rurallib Jul 2012 #35
NYC_SKP Jul 2012 #36
malaise Jul 2012 #38
scheming daemons Jul 2012 #37
aint_no_life_nowhere Jul 2012 #39
Thor_MN Jul 2012 #40
catbyte Jul 2012 #42
Blue Owl Jul 2012 #43
Spazito Jul 2012 #44
Coyotl Jul 2012 #45
ProSense Jul 2012 #46

Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 02:13 PM

1. Greedy is good

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Response to malaise (Reply #1)

Wed Jul 18, 2012, 02:16 PM

4. I've often thought Republicans think Gordon Gekko is an avatar for Jesus.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 02:14 PM

2. Oh, Mitt, Mitt.

You really are an arrogant ass.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 02:15 PM

3. Sounds like justification for an audit?

Or is he exempt from those also?

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Response to kentuck (Reply #3)

Wed Jul 18, 2012, 02:22 PM

7. We can only hope.

It certainly would be justification for anyone else.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 02:18 PM

5. FBAR? More like FuBAR.

I am really enjoying this primary season. First time in a long time.

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Response to Gold Metal Flake (Reply #5)

Wed Jul 18, 2012, 03:35 PM

13. My first thought ...Fubar.

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Response to Gold Metal Flake (Reply #5)

Wed Jul 18, 2012, 04:18 PM

20. Isn't it amazing to see one joke after another write itself?

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Response to Gold Metal Flake (Reply #5)

Wed Jul 18, 2012, 04:21 PM

21. Mitt's FBAR is FUBAR

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Response to Gold Metal Flake (Reply #5)

Wed Jul 18, 2012, 05:10 PM

27. Oh, God, me too. Glad I read down a ways before doing my own FUBAR post.

Bain (Bane)
FBAR (FUBAR)
R-Money…

It just continues to write itself.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 02:19 PM

6. Well - thing thing is about to boil over

And this fellow seems to like it hotter than hot - is my guess on why he is being pigheaded. Anyway he is a rePIGlican - BTW!

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 02:28 PM

8. LOL

methinks Mitt done stepped in it good

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 02:35 PM

9. He closed that account in 2010.

He doesn't have to release it. That will be his excuse.

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Response to kentuck (Reply #9)

Wed Jul 18, 2012, 04:26 PM

22. But unless he closed it in 2009, he'd still have to claim it, wouldn't he?

I don't have offshore accounts, so I'm not versed in the ways of cheating your fellow taxpayers they way he does.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 03:16 PM

10. admit mistakes

I keep hearing these people on television say just own up to your mistakes, release and let your mistakes come out....THESE WERE NOT MISTAKES..... These were calculated risks and gambles in his monetary future that paid off. He got caught cheating...NOT MISTAKES

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Response to rtracey (Reply #10)

Thu Jul 19, 2012, 11:39 AM

41. Yeah, doing it on purpose is sort of the opposite of mistake.

IOW-- he's a criminal.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 03:22 PM

11. retroactively

Mitt assures us that his people are currently working diligently to retroactively close that account in 2008. Nothing to see here.

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Response to Johnny2X2X (Reply #11)

Wed Jul 18, 2012, 03:34 PM

12. Just like it took him 3 years to resign as CEO of Bain...

and finally, had to do it retroactively.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 03:36 PM

14. so romney hasn't released ANY complete tax forms....

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 03:40 PM

15. Wow - here is no end to Republican lies

What weasels (R).

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 03:42 PM

16. Thom Hartmann talking about this now

He's making the point that Swiss banks don't pay interest on Romney's type of account and thus there must be other things to be gained in hiding money in a Swiss bank. But what?

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 03:48 PM

17. willard is so FUBAR

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 03:59 PM

18. Keep kicked.

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Response to kentuck (Reply #18)

Wed Jul 18, 2012, 04:10 PM

19. kick

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 04:28 PM

23. If nothing else, this stuff is getting into the brains of the working/middle class republican voters

They will no longer be able to be deluded and controlled by the "they only hate us because we're rich and they want us to give money to Welfare Queens!" excuse. This stuff is going to stick on the Republicans.

No wonder it seems that the republicans, for the first time, are NOT uniting behind him. I think that they're saying in backrooms "well, if we're going to dump him, we'd better get it done quick, so we have time to run someone else"

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 04:35 PM

24. he has got to go

the backrooms are all frieking out. Rmoney is toast

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 04:47 PM

25. On his way out?

There are at least the 1st rumors that Mitt would rather drop out of the race rather than reveal his tax returns. Someone posted a thread that he could drop out by weeks and and they were ridiculed on here, they may be right.

It's the Republicans that are leading the charge about his returns too. They want a chance to replace him.

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Response to Johnny2X2X (Reply #25)

Wed Jul 18, 2012, 05:15 PM

28. I don't think he'll go voluntarily.

His ego will keep him convinced of his own invulnerability.

If he goes, it will be because the rest of the Republican vermin hook him off the stage.

If he goes under these conditions, he will be allowed some sort of fig leaf, of course, but if he falls, it will be Republican chainsaws that did it.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 04:55 PM

26. Tsk, Tsk Willard

 

lying twit.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 05:16 PM

29. Keeping this kicked

So far, I've only heard Thom Hartmann mention this on the teevee.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 05:19 PM

30. LOL. Poor Mittens.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 05:38 PM

31. Where's the honesty?

He is not POTUS material.

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Response to FarLeftFist (Original post)


Response to someone15 (Reply #32)

Wed Jul 18, 2012, 09:47 PM

33. Oh no

this won't pass

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Response to someone15 (Reply #32)

Wed Jul 18, 2012, 09:48 PM

34. Later, Gator! nt

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Response to someone15 (Reply #32)

Wed Jul 18, 2012, 09:54 PM

35. I hope someone paid you to do this

cause jesus it was a stupid thing to do.
say hi to rush for me when you share the oxy.

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Response to someone15 (Reply #32)

Wed Jul 18, 2012, 09:54 PM

36. Dear "someone15":

We regret to inform you that your posting privileges are likely to be revoked.

I hate to be the one to tell you, but somebody had to do it.

Oh, by the way, I hope you like the bottom bunk in your FEMA Camp cell because right after election day the troops are gonna be coming.

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Response to NYC_SKP (Reply #36)

Wed Jul 18, 2012, 09:55 PM

38. 3..2...1

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Response to someone15 (Reply #32)

Wed Jul 18, 2012, 09:55 PM

37. See ya!

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Response to someone15 (Reply #32)

Wed Jul 18, 2012, 09:56 PM

39. And what about Obama's Boy Scout merit badges

We need to see the originals pronto before Mitt releases one more page of his financial records. Scouting after all is the major issue in the campaign, not finance and economics.

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Response to FarLeftFist (Original post)

Wed Jul 18, 2012, 10:03 PM

40. So he either lied to the IRS or he is lying to the US

He either did not file the FBAR form

OR

he intentionally did not release it.

One way or the other, he LIED.

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Response to FarLeftFist (Original post)

Thu Jul 19, 2012, 12:28 PM

42. I certainly hope the GOP is proud of its presumptive nominee

He's nothing but a lying sack of shit. What else is he hiding? I saw a clip of, I believe, Andrea Saul, and she had a real Moonie cult-like glaze/gaze to her eyes. It was spooky. Her whole schtick was that Romney "released over 500 pages of taxes" as if that was supposed to suffice and us "little people" should be satisfied because, after all, we are too stupid and unsophisticated to understand anything anyway. Just pat us on the head and move along.

Arrgh.



Diane
Anishinaabe in MI & mom to Taz, Nigel, and new baby brother Sammy, members of Dogs Against Romney, Cat Division
"Dogs Aren’t Luggage--HISS!”

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Response to FarLeftFist (Original post)

Thu Jul 19, 2012, 02:07 PM

43. He only released the "You People" version, not the complete version

n/t

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Response to Blue Owl (Reply #43)

Thu Jul 19, 2012, 02:10 PM

44. LOL!

Perfect!

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Response to FarLeftFist (Original post)

Thu Jul 19, 2012, 04:13 PM

45. How about if he just retroactively releases it now?

Or, he could retroactively release his 2010 tax returns in 2009

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Response to FarLeftFist (Original post)

Thu Jul 26, 2012, 10:52 AM

46. This needs more exposure. n/t

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