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Originally posted by hp1229
Well what we refer to as 'we' generally have less knowledge about the tax returns and the changing laws every year. No way in hell would he not pay any txes for 10 years. The question so far is with respect to the 'capital gain' taxes and not the 'income taxes'. Which tax he didn't pay? Any idea? Anyone?
Originally posted by OutKast Searcher
reply to post by hp1229
No one is saying anything was done illegally...and if it was done illegally...we wouldn't see it in his tax returns...that is the whole point of doing something illegally
But...the American public is not going to be happy to see a milliionaire pay zero taxes for 10 years if that is in fact true.
Originally posted by Davian
I've said it once and I'll say it again...
HIS
Snip
IS
STARTING
TO
CATCH
UP
TO
HIMedit on 31-7-2012 by Davian because: (no reason given)
He earned $23,425,316 and paid $412.18 in federal income taxes. This calculates to a federal tax rate of 0.0018%. How did Romney get his tax burden so low? According to his return, he had approximately $23,407,000 in itemized deductions. These deductions ranged from $78,923 for “Toupee Creators Unlimited” and $41,826 for “Spray-on tan services” to a $3.8 million dollar write-off for a trip to Las Vegas with potential campaign donors.
The Romney family also paid salaries to their numerous employees including, two yacht captains, three pilots for their private jets, two professional dog walkers, one toupee stylist and a “live-in contortionist”. What someone does with a live-in contortionist, one can only speculate.
However, the $891,064 Romney spent on an “EWS Donor Party at the Pennsylvania Mansion” might give us a clue. While the return does not indicate what “EWS” stands for, given that the deducted supplies for the party included “Venetian masks, alcohol, lubricant and various Egyptian leather accessories” it was most likely an “Eyes Wide Shut” party.
Originally posted by jibeho
reply to post by Americanist
This debate has already happened around here. Prove it. Better yet, let the IRS open an investigation. That is their job. Rest assured, Romney's tax records have been groomed with a fine tooth comb by an army of IRS agents. Furthermore, trust that his returns were prepared by highly skilled accountants and tax attorneys.
Originally posted by Americanist
reply to post by neo96
He earned $23,425,316 and paid $412.18 in federal income taxes. This calculates to a federal tax rate of 0.0018%. How did Romney get his tax burden so low? According to his return, he had approximately $23,407,000 in itemized deductions. These deductions ranged from $78,923 for “Toupee Creators Unlimited” and $41,826 for “Spray-on tan services” to a $3.8 million dollar write-off for a trip to Las Vegas with potential campaign donors.
The Romney family also paid salaries to their numerous employees including, two yacht captains, three pilots for their private jets, two professional dog walkers, one toupee stylist and a “live-in contortionist”. What someone does with a live-in contortionist, one can only speculate.
However, the $891,064 Romney spent on an “EWS Donor Party at the Pennsylvania Mansion” might give us a clue. While the return does not indicate what “EWS” stands for, given that the deducted supplies for the party included “Venetian masks, alcohol, lubricant and various Egyptian leather accessories” it was most likely an “Eyes Wide Shut” party.
Source
More hearsay or satire... Existing Threadedit on 1-8-2012 by Americanist because: (no reason given)
Orbson Rice is a deeply disturbed professional Writer and Editor. He is also the “Creator” of the blog “The Orbson Oracle” which is thoroughly offensive, often thoughtful and occasionally funny. Stroke your mouse and visit the Oracle to read more or befriend him on Facebook.
Originally posted by buddhasystem
Originally posted by jibeho
Better yet, let the IRS open an investigation. That is their job. Rest assured, Romney's tax records have been groomed with a fine tooth comb by an army of IRS agents.
Oh, I think nobody ever doubted that! Did you?
And so it might just be the case that his finely crafted returns did result in using every loophole known to man (and man's subspecies, CPA) to squirrel money away in a foreign account or tax haven.
Originally posted by PvtHudson
Not one shred of evidence to back this story up. but ATS and the MSM pounce anyway! Gotta deflect from the economy and get King O re-elected after all!
Yahoo News
According to Senate Majority Leader Harry Reid (D), our government tax system is a "voluntary" one. "You see, in many other countries, it's not voluntary, for example... in many countries, the government makes sure that your employer takes out every penny of it. Many countries don't file income tax returns."
Originally posted by PvtHudson
Not one shred of evidence to back this story up. but ATS and the MSM pounce anyway! Gotta deflect from the economy and get King O re-elected after all!
Originally posted by mugger
Harry Reid alleges this. Tell him to prove it.
Reid is an imbecile. Let's see some quotes on Reid and taxes.The rest of the article is amazing. How does Arizona keep electing this buffoon?
Yahoo News
According to Senate Majority Leader Harry Reid (D), our government tax system is a "voluntary" one. "You see, in many other countries, it's not voluntary, for example... in many countries, the government makes sure that your employer takes out every penny of it. Many countries don't file income tax returns."
Originally posted by OutKast Searcher
Originally posted by hp1229
Well what we refer to as 'we' generally have less knowledge about the tax returns and the changing laws every year. No way in hell would he not pay any txes for 10 years. The question so far is with respect to the 'capital gain' taxes and not the 'income taxes'. Which tax he didn't pay? Any idea? Anyone?
Originally posted by OutKast Searcher
reply to post by hp1229
No one is saying anything was done illegally...and if it was done illegally...we wouldn't see it in his tax returns...that is the whole point of doing something illegally
But...the American public is not going to be happy to see a milliionaire pay zero taxes for 10 years if that is in fact true.
Nope, no idea...that is the whole point...no one knows anything because he won't release his tax returns.
Thats not what I heard The libs want to go even further back.