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Sat Oct 13, 2012, 12:03 PM

Mitt Romney's Tax Dodge

This discussion thread was locked as off-topic by OKNancy (a host of the Latest Breaking News forum).

Source: Rolling Stone

How does a private-equity kingpin worth at least $250 million pay a lower tax rate – just 14 percent – than many teachers and firemen? By exploiting tax loopholes that favor the rich and hiding his money in the world's most notorious havens for tax cheats. That's what Mitt Romney has done, according to his 2010 and 2011 tax returns, a trove of secret Bain Capital documents unearthed by Gawker, and exposés by Bloomberg and Vanity Fair. "The bottom line," says Rebecca Wilkins, senior counsel at Citizens for Tax Justice, "is that these are ways to reduce your taxes that are only available to rich people."

Read more: http://www.rollingstone.com/politics/news/mitt-romney-s-tax-dodge-20121012?print=true

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Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply Mitt Romney's Tax Dodge (Original post)
ciking724 Oct 2012 OP
AgingAmerican Oct 2012 #1
drm604 Oct 2012 #2
UpInArms Oct 2012 #3
OKNancy Oct 2012 #4

Response to ciking724 (Original post)

Sat Oct 13, 2012, 12:07 PM

1. More than likely he paid nothing going back to the 90s

Which makes his 47% comments even more disturbing.

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Response to ciking724 (Original post)

Sat Oct 13, 2012, 12:18 PM

2. K&R

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Response to ciking724 (Original post)

Sat Oct 13, 2012, 12:26 PM

3. and this cheater and his ilk want to destroy what is left

of the USofA and pick its bones clean.

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Response to ciking724 (Original post)

Sat Oct 13, 2012, 12:28 PM

4. Not breaking news. Locking

Please post this in another forum.. Politics 2012 or General Discussion - This is a commentary/analysis piece.

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