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(Boston.com)   Mitt Romney develops uncanny hindsight, decides to release his tax returns on Tuesday   (boston.com ) divider line 135
    More: Obvious, South Carolina GOP  
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1881 clicks; posted to Politics » on 22 Jan 2012 at 7:20 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-01-22 09:53:53 AM  
Which also is the same day as the State of the Union. He's hoping to bury his returns in that story.
 
2012-01-22 10:01:19 AM  
It doesn't matter when he releases it. It will show Romney takes advantage of all the tax breaks that the super rich enjoy, which will strip him of all the Tea Party support since half their argument is that government doesn't working for them. This was the fight that Obama was going to have in the fall, but Newt decided to be the anti-capitalist which will make it easier for Obama to attack Romney in the fall.
 
2012-01-22 12:04:26 PM  
Romney is not protecting himself. He' protecting all his rich buddies who are being paid in "investment Interest" even though they have no personal money invested or at risk. It is called "the carry" and that is the scandal that will not only sink Romney, it could blow-up in the faces of many rich people.
 
2012-01-22 05:00:37 PM  

mrshowrules: Romney is not protecting himself. He' protecting all his rich buddies who are being paid in "investment Interest" even though they have no personal money invested or at risk. It is called "the carry" and that is the scandal that will not only sink Romney, it could blow-up in the faces of many rich people.


Go on....
 
2012-01-22 05:33:18 PM  
Nice try, Willard. Your ship has already sunk.

Now you can catch up on all that laundry.
 
2012-01-22 05:41:15 PM  

bronyaur1: mrshowrules: Romney is not protecting himself. He' protecting all his rich buddies who are being paid in "investment Interest" even though they have no personal money invested or at risk. It is called "the carry" and that is the scandal that will not only sink Romney, it could blow-up in the faces of many rich people.

Go on....


Some other Farker posted an article on "the carry" the other day.

Link (new window)

Not sure if that was the article or not.

Effectively, the source of the "investment" revenue from fees applied against the real investors. Romney doesn't have his own money in play. No risk so very much not an investment. It is disguised that way for tax reasons. In fact, the fees are taken off the real investment effect of the true investors. He is effectively getting revenue removed from investment but is getting the incentive rate as if it was being used to spur business which become successful.

In summary:

1) Romney has none of his money at stake
2) income is not generated from investment success
3) revenue is in fact removed from money which actually would have been invested
 
2012-01-22 06:22:58 PM  
I don't know why this is going to matter.

Everyone with half a brain already knows that multi millionaire investors like Romney pay ridiculously low tax rates.

Those who support Romney are either too stupid to realize this, or are perfectly OK with it.
 
2012-01-22 07:12:51 PM  

mrshowrules: bronyaur1: mrshowrules: Romney is not protecting himself. He' protecting all his rich buddies who are being paid in "investment Interest" even though they have no personal money invested or at risk. It is called "the carry" and that is the scandal that will not only sink Romney, it could blow-up in the faces of many rich people.

Go on....

Some other Farker posted an article on "the carry" the other day.

Link (new window)

Not sure if that was the article or not.

Effectively, the source of the "investment" revenue from fees applied against the real investors. Romney doesn't have his own money in play. No risk so very much not an investment. It is disguised that way for tax reasons. In fact, the fees are taken off the real investment effect of the true investors. He is effectively getting revenue removed from investment but is getting the incentive rate as if it was being used to spur business which become successful.

In summary:

1) Romney has none of his money at stake
2) income is not generated from investment success
3) revenue is in fact removed from money which actually would have been invested


Thanks.
 
2012-01-22 07:21:46 PM  
Why won't he release his birth certificate?
 
2012-01-22 07:23:36 PM  

Eddie Adams from Torrance: I don't know why this is going to matter.

Everyone with half a brain already knows that multi millionaire investors like Romney pay ridiculously low tax rates.

Those who support Romney are either too stupid to realize this, or are perfectly OK with it.


Exactly. I'm really not sure what people are expecting to see here. It's a non-issue. We KNOW he is a multimillionaire. We know he can afford the absolute best tax attorneys available to help him exploit every loophole and tax write-off that he can so that he pays the least amount of taxes possible. And we know he already said his tax rate was lower than most of ours. What, exactly, are we going to discover in his tax returns that we don't already know?

It's his fault that this is even an issue since he couldn't just give a straight answer and say "I will when I am the nominee, as is customary" and moved on instead of stammering and sputtering his way through a long, drawn out answer that made him sound like he was guilty of 15 crimes and being interrogated by the police.
 
2012-01-22 07:25:35 PM  
I'll release my tax returns Tuesday for a hamburger today.
 
2012-01-22 07:26:31 PM  

Party Boy: mrshowrules: bronyaur1: mrshowrules: Romney is not protecting himself. He' protecting all his rich buddies who are being paid in "investment Interest" even though they have no personal money invested or at risk. It is called "the carry" and that is the scandal that will not only sink Romney, it could blow-up in the faces of many rich people.

Go on....

Some other Farker posted an article on "the carry" the other day.

Link (new window)

Not sure if that was the article or not.

Effectively, the source of the "investment" revenue from fees applied against the real investors. Romney doesn't have his own money in play. No risk so very much not an investment. It is disguised that way for tax reasons. In fact, the fees are taken off the real investment effect of the true investors. He is effectively getting revenue removed from investment but is getting the incentive rate as if it was being used to spur business which become successful.

In summary:

1) Romney has none of his money at stake
2) income is not generated from investment success
3) revenue is in fact removed from money which actually would have been invested

Thanks.


So they make money even if the investment loses money? That's not the capitalism I grew up with.
 
2012-01-22 07:27:51 PM  
1) Release tax returns
2) Watch it get buried by the State of the Union
3) Go to $2 Tuesdays at the Hustler Club so he can use his fudge glove... fo realz.
 
2012-01-22 07:30:12 PM  

MFAWG: So they make money even if the investment loses money? That's not the capitalism I grew up with.


Brokering has been part of capitalism since its inception.
 
2012-01-22 07:30:40 PM  

AverageAmericanGuy: Why won't he release his birth certificate?


Hid father didn't have to when he ran for POTUS, why should he?
 
2012-01-22 07:32:07 PM  

MFAWG: AverageAmericanGuy: Why won't he release his birth certificate?

Hid father didn't have to when he ran for POTUS, why should he?


It seemed important enough that the Founding Fathers included natural born citizenship as one of the requirements for President.

What does Romney have to hide?
 
2012-01-22 07:32:55 PM  
Well, he was having trouble getting photoshop updated, and then the laser printer was out of toner....
 
2012-01-22 07:33:05 PM  

coeyagi: ... fo realz.


A new episode of When Keeping It Real Goes Wrong?
 
2012-01-22 07:34:21 PM  

mrshowrules: bronyaur1: mrshowrules: Romney is not protecting himself. He' protecting all his rich buddies who are being paid in "investment Interest" even though they have no personal money invested or at risk. It is called "the carry" and that is the scandal that will not only sink Romney, it could blow-up in the faces of many rich people.

Go on....

Some other Farker posted an article on "the carry" the other day.

Link (new window)

Not sure if that was the article or not.

Effectively, the source of the "investment" revenue from fees applied against the real investors. Romney doesn't have his own money in play. No risk so very much not an investment. It is disguised that way for tax reasons. In fact, the fees are taken off the real investment effect of the true investors. He is effectively getting revenue removed from investment but is getting the incentive rate as if it was being used to spur business which become successful.

In summary:

1) Romney has none of his money at stake
2) income is not generated from investment success
3) revenue is in fact removed from money which actually would have been invested


They can DO that?!

Man, the more I try to learn about investment banking and accounting, the more confusing shiat pops up that just astonishes me.
 
2012-01-22 07:34:27 PM  

MFAWG: AverageAmericanGuy: Why won't he release his birth certificate?

Hid father didn't have to when he ran for POTUS, why should he?


Because they are more white than Obama, they SHOULD. Follow me closely here... as a percentage, the number of white people worldwide who are Americans is LESS than the number of black people worldwide (or mixed people) who are American. I.e., the chance that Obama is American as a function of his race is better than Romney's.

Hey, why not? It's not like the clowns at WND and Oily Taint got anything substantial, so why not this?
 
2012-01-22 07:35:24 PM  

coeyagi: 1) Release tax returns
2) Watch it get buried by the State of the Union
3) Go to $2 Tuesdays at the Hustler Club so he can use his fudge glove... fo realz.


Yep. The damage is already done anyhow, with his admission that he gets taxed 15%, uses shady offshore tax havens, and made almost $400,000 from public speaking engagements. The rest will just be details that the vast majority of voters won't have the patience for.

He's hoping that by releasing his taxes early he will be helped in the general, as it will be old news by then.
 
2012-01-22 07:35:41 PM  
LOL! This is the best libs have on Romney?? Oh no! look how... SUCCESSFUL he is!!!
 
2012-01-22 07:36:42 PM  

culebra: coeyagi: 1) Release tax returns
2) Watch it get buried by the State of the Union
3) Go to $2 Tuesdays at the Hustler Club so he can use his fudge glove... fo realz.

Yep. The damage is already done anyhow, with his admission that he gets taxed 15%, uses shady offshore tax havens, and made almost $400,000 from public speaking engagements. The rest will just be details that the vast majority of voters won't have the patience for.

He's hoping that by releasing his taxes early he will be helped in the general, as it will be old news by then.


Yeah, and doing it a week before Florida means it will be out of the news cycle by then. Fairly shrewd - nothing worthy of labeling him "genius", but shrewd.
 
2012-01-22 07:37:04 PM  

AverageAmericanGuy: MFAWG: AverageAmericanGuy: Why won't he release his birth certificate?

Hid father didn't have to when he ran for POTUS, why should he?

It seemed important enough that the Founding Fathers included natural born citizenship as one of the requirements for President.

What does Romney have to hide?


You might want to do some research about George Romney, the former Governor of Michigan.
 
2012-01-22 07:37:42 PM  

Hueg_Redd: LOL! This is the best libs have on Romney?? Oh no! look how... SUCCESSFUL he is!!!


Yes, that is exactly how they'll spin it. Ezra Klein and Paul Begala have a new protege.

men_at_work_golf_clap.jpg
 
2012-01-22 07:38:02 PM  

MFAWG: So they make money even if the investment loses money? That's not the capitalism I grew up with.


The investors are paying for the service. A fool and his money, you know. Nothing unethical about taking money from people who willingly hand it over to you.
 
2012-01-22 07:39:19 PM  

Hueg_Redd: LOL! This is the best libs have on Romney?? Oh no! look how... SUCCESSFUL he is!!!


Login: Hueg_Redd (Want to sponsor this Farker for TotalFark?)
Fark account number: 405523
Account created: 2008-05-21 04:12:26
Submitted links approved: None
Name: Adolf Mussolini
Location: Germany

Stay classy, douche.
 
2012-01-22 07:40:54 PM  

MFAWG: AverageAmericanGuy: MFAWG: AverageAmericanGuy: Why won't he release his birth certificate?

Hid father didn't have to when he ran for POTUS, why should he?

It seemed important enough that the Founding Fathers included natural born citizenship as one of the requirements for President.

What does Romney have to hide?

You might want to do some research about George Romney, the former Governor of Michigan.


I see. So you have no proof of Romney's citizenship.
 
2012-01-22 07:43:38 PM  

MFAWG: So they make money even if the investment loses money? That's not the capitalism I grew up with.


Fee based so ya, he gets paid no matter what. Frankly, I prefer him just paying 15% tax on fake investment income. When he was making money from his style of actual investment work, too many people were getting fired.
 
2012-01-22 07:46:53 PM  

AverageAmericanGuy: MFAWG: AverageAmericanGuy: MFAWG: AverageAmericanGuy: Why won't he release his birth certificate?

Hid father didn't have to when he ran for POTUS, why should he?

It seemed important enough that the Founding Fathers included natural born citizenship as one of the requirements for President.

What does Romney have to hide?

You might want to do some research about George Romney, the former Governor of Michigan.

I see. So you have no proof of Romney's citizenship.


He might still be born in Kenya or Hawaii....
 
2012-01-22 07:48:25 PM  

Hueg_Redd: LOL! This is the best libs have on Romney?? Oh no! look how... SUCCESSFUL he is!!!


No, this was Newt who got him to do this. Pay attention please, and do us taxpayers a favor and carry a drool bucket when you're on public property.
 
2012-01-22 07:48:58 PM  
Willard the Whig washed his W-4s on a windy winter Wednesday.
 
2012-01-22 07:50:30 PM  

hammettman: Pay attention please, and do us taxpayers a favor and carry a drool bucket when you're on public property.


Why are you trying to take away jobs from honest, hardworking American janitors?
 
2012-01-22 07:50:36 PM  

Shaggy_C: MFAWG: So they make money even if the investment loses money? That's not the capitalism I grew up with.

The investors are paying for the service. A fool and his money, you know. Nothing unethical about taking money from people who willingly hand it over to you.


It is unethical because it is not income based on successful investments and therefore defeats the spirit of the tax incentive. If it was ethical, they could pay all the staff in the investment firm this way. To negotiate "the carry" just for themselves, is truly despicable. They are taking advantage of a loop hole that they are not even entitled to but can do it because of a technicality

I would be like parking in a handicapped spot when you can walk just fine but managed to get the forms completed from medical authorities by lying.
 
2012-01-22 07:51:43 PM  

coeyagi: Hueg_Redd: LOL! This is the best libs have on Romney?? Oh no! look how... SUCCESSFUL he is!!!

Login: Hueg_Redd (Want to sponsor this Farker for TotalFark?)
Fark account number: 405523
Account created: 2008-05-21 04:12:26
Submitted links approved: None
Name: Adolf Mussolini
Location: Germany

Stay classy, douche.


Slander!
 
2012-01-22 07:52:12 PM  
Well, I don't care how people feel about Romney after seeing his tax returns, but I do hope it wakes people up to just how little taxes are peiad by people that make their money primarily via investments.
 
2012-01-22 07:56:48 PM  
Wants to see his Kenyan Tax Return, not the photo-shopped version either.
And oh yeah, if corporations are people Romney is a serial killer.
 
2012-01-22 07:59:35 PM  

mrshowrules: They are taking advantage of a loop hole that they are not even entitled to but can do it because of a technicality


Tax avoidance is not a crime. The problem here is the congress which has not lifted a finger to close the loophole. I suppose everyone who doesn't pay extra unnecessary money to the government every year is just as despicable?
 
2012-01-22 07:59:43 PM  

AverageAmericanGuy: Why won't he release his birth certificate?


When are the birthers going to ask for it?
Didn't his grandfather start a polygamous sanctuary in Mexico, how can we be sure he isn't a Mexican, some Mexicans look pretty white.
images.askmen.com
 
2012-01-22 08:00:22 PM  

spongeboob: Didn't his grandfather start a polygamous sanctuary in Mexico, how can we be sure he isn't a Mexican, some Mexicans look pretty white.


Romney is illegal immigrant
 
2012-01-22 08:01:59 PM  

spongeboob: AverageAmericanGuy: Why won't he release his birth certificate?

When are the birthers going to ask for it?
Didn't his grandfather start a polygamous sanctuary in Mexico, how can we be sure he isn't a Mexican, some Mexicans look pretty white.
[images.askmen.com image 376x490]


If you made that statement merely to post a picture of Salma Hayek then I APPLAUD YOU SIR.
 
2012-01-22 08:02:31 PM  
C U Next Tuesday, Mittens!
 
2012-01-22 08:04:37 PM  

Shaggy_C: mrshowrules: They are taking advantage of a loop hole that they are not even entitled to but can do it because of a technicality

Tax avoidance is not a crime. The problem here is the congress which has not lifted a finger to close the loophole. I suppose everyone who doesn't pay extra unnecessary money to the government every year is just as despicable?


May not be illegal but if the average voter is privy to the shady shiat he does to avoid paying his fair share it won't help him one bit.
 
2012-01-22 08:06:59 PM  

Sabyen91: May not be illegal but if the average voter is privy to the shady shiat he does to avoid paying his fair share it won't help him one bit.


I think you're misunderestimating the average Republican voter. To them sticking it to the big, mean gubmint is a heroic act of civil disobedience. These people were cheering an abortion clinic-bombing terrorist for chrissakes.
 
2012-01-22 08:08:15 PM  

Shaggy_C: Sabyen91: May not be illegal but if the average voter is privy to the shady shiat he does to avoid paying his fair share it won't help him one bit.

I think you're misunderestimating the average Republican voter. To them sticking it to the big, mean gubmint is a heroic act of civil disobedience. These people were cheering an abortion clinic-bombing terrorist for chrissakes.


Oh, I have no hope for the average Republican voter. They are a lost cause. It isn't just Republicans watching this circus, though.
 
2012-01-22 08:12:03 PM  
"A multimillionaire many times over"

Redundant much?
 
2012-01-22 08:12:51 PM  

Shaggy_C: mrshowrules: They are taking advantage of a loop hole that they are not even entitled to but can do it because of a technicality

Tax avoidance is not a crime. The problem here is the congress which has not lifted a finger to close the loophole. I suppose everyone who doesn't pay extra unnecessary money to the government every year is just as despicable?


www.newcastleoutrigger.com.au

Avoision. It's a word. Look it up.
... I don't SAY evasion, I say avoision.
 
2012-01-22 08:15:30 PM  
Did someone say "Selma Hayek?" 'Cause I'm pretty sure I heard someone say Selma Hayek.

uglytruthnews.com
 
2012-01-22 08:16:05 PM  

Outrageous Muff: It doesn't matter when he releases it. It will show Romney takes advantage of all the tax breaks that the super rich enjoy, which will strip him of all the Tea Party support since half their argument is that government doesn't working for them. This was the fight that Obama was going to have in the fall, but Newt decided to be the anti-capitalist which will make it easier for Obama to attack Romney in the fall.


Why would Obama use it to attack Romney? I think Obama will probably focus his efforts on his opponent for the presidency, Gingrich, instead.
 
2012-01-22 08:18:27 PM  

Eddie Adams from Torrance: I don't know why this is going to matter.

Everyone with half a brain already knows that multi millionaire investors like Romney pay ridiculously low tax rates.

Those who support Romney are either too stupid to realize this, or are perfectly OK with it.


or, more likely, know that it is not Romney's fault.

Buffet, Soros and other billionaires pay a ridiculously low tax rate too. Yet somehow they are not a super villains
 
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