Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
25 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Funny, isn't it, how with Tim Geithner, it was all (Original Post) closeupready Aug 2012 OP
Hypocracy knows know boundaries. HopeHoops Aug 2012 #1
Obviously not. closeupready Aug 2012 #2
That should have been "knows NO" - sorry, I'm tired. HopeHoops Aug 2012 #3
has romney actually never paid his taxes like geithner? awwyeah Aug 2012 #4
This message was self-deleted by its author sadbear Aug 2012 #5
thats what I thought. he didnt pay and was caught and had to pay money back. it was a hiccup. awwyeah Aug 2012 #8
It was Social Security and Medicare taxes while he worked at the IMF. sadbear Aug 2012 #10
ok yup thats what it was. awwyeah Aug 2012 #12
Geithner released his tax returns. ProSense Aug 2012 #6
Yup. There we go. closeupready Aug 2012 #7
so we dont actually know if Romney has actually broken any laws, right? awwyeah Aug 2012 #9
Read and learn: hatrack Aug 2012 #11
Even if he didn't, legal != moral. Arkana Aug 2012 #13
but he didnt break the law... awwyeah Aug 2012 #14
we have no way of knowing... hlthe2b Aug 2012 #15
so as of right now we can only ASSume if he did or didnt break the law? awwyeah Aug 2012 #16
we can assume he has something to hide... whether it is ethical, illegal, or merely embarrassing... hlthe2b Aug 2012 #17
exactly awwyeah Aug 2012 #18
LOL bongbong Aug 2012 #19
hahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahaha awwyeah Aug 2012 #21
Hey Flip-Flopper-Lover bongbong Aug 2012 #22
haha all politicians are hiding something! if you dont believe that then you are a fool. awwyeah Aug 2012 #23
LOL bongbong Aug 2012 #24
Social issues get much better ratings. n/t amandabeech Aug 2012 #20
media is demanding Mitt's tax returns pretty hard Enrique Aug 2012 #25
 

closeupready

(29,503 posts)
2. Obviously not.
Fri Aug 24, 2012, 01:55 PM
Aug 2012

A fact that clearly underlies why so many American distrust the mainstream media, and those trust percentages continue falling, right in line with Congress.

 

awwyeah

(17 posts)
4. has romney actually never paid his taxes like geithner?
Fri Aug 24, 2012, 01:57 PM
Aug 2012

or did he just take advantage of all the stupid loop holes in our system?

Response to awwyeah (Reply #4)

 

awwyeah

(17 posts)
8. thats what I thought. he didnt pay and was caught and had to pay money back. it was a hiccup.
Fri Aug 24, 2012, 02:04 PM
Aug 2012

am I wrong?

 

closeupready

(29,503 posts)
7. Yup. There we go.
Fri Aug 24, 2012, 02:04 PM
Aug 2012

And at the very least, Geithner acknowledged his mistake.

We're still waiting for Willard to do the same thing.

 

awwyeah

(17 posts)
9. so we dont actually know if Romney has actually broken any laws, right?
Fri Aug 24, 2012, 02:05 PM
Aug 2012

just that he used legal loop holes.

hatrack

(59,597 posts)
11. Read and learn:
Fri Aug 24, 2012, 02:09 PM
Aug 2012

EDIT

In a blog post Thursday, Victor Fleischer, a law professor at the University of Colorado, said that there was some disagreement among lawyers, but that he believed: “If challenged in court, Bain would lose. The Bain partners, in my opinion, misreported their income if they reported these converted fees as capital gain instead of ordinary income.”

A typical private equity or hedge fund pays its managers in part with a management fee based on the size of the fund, and in part with a share of the profits earned by the fund. Those profits are considered “carried interest” and taxed at capital gains rates, which in recent years have been 15 percent, assuming that the underlying investment profits qualified for that treatment.

The tax strategy Bain appears to have used is intended to convert the remaining management fee — the part not based on investment profits — into capital gains. Mr. Romney appears to benefit from the carried interest structure in these funds, but it is not clear from the documents made public whether he also benefits from the fee waiver. The Romney campaign declined to comment.

In an article that appeared in the journal Tax Notes in 2009, Gregg D. Polsky, a tax law professor at the University of North Carolina School of Law, called the tax strategy “extremely aggressive” and said it was “subject to serious challenge by the I.R.S.”

EDIT

http://www.nytimes.com/2012/08/24/us/politics/documents-show-details-on-romney-family-trusts.html?_r=1&pagewanted=all

Arkana

(24,347 posts)
13. Even if he didn't, legal != moral.
Fri Aug 24, 2012, 02:14 PM
Aug 2012

Mitt Romney professes to love this country while stashing millions in offshore tax havens. He proclaims that he cares about the middle class, but his time at Bain Capital saw millions lose their livelihoods and pensions when Romney tore their companies apart without a second thought.

hlthe2b

(102,489 posts)
17. we can assume he has something to hide... whether it is ethical, illegal, or merely embarrassing...
Fri Aug 24, 2012, 02:23 PM
Aug 2012

we can't know.

 

awwyeah

(17 posts)
21. hahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahaha
Fri Aug 24, 2012, 02:52 PM
Aug 2012

hahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahahhahahahahahahahahahhahahahahahahahahahahahahah

how is he a felon? please explain.

 

bongbong

(5,436 posts)
22. Hey Flip-Flopper-Lover
Fri Aug 24, 2012, 03:22 PM
Aug 2012

Ask his dad!

"Any politician who will not show multiple year taxes may be hiding something." - George Romney

 

bongbong

(5,436 posts)
24. LOL
Fri Aug 24, 2012, 03:42 PM
Aug 2012

You're too much! R-money has been hiding his crimes about residency claims and his lies to the SEC with his hidden tax returns.

You're a total idiot to vote for a lying repig, and sorry, the False Equivalence doesn't work here, peanut.

Latest Discussions»General Discussion»Funny, isn't it, how with...