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(Daily Kos)   CNN reporter confirms on-air that Mitt Romney paid NO taxes for the past decade   (dailykos.com) divider line 597
    More: Interesting, Mitt Romney, Dana Bash, CNN, Health Care, International, CNN Capitol Hill, CNN AC360, Swiss bank accounts, romney  
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8860 clicks; posted to Politics » on 03 Aug 2012 at 9:55 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-03 12:44:51 PM

odinsposse: Ford Perfect: If Mitt releases more tax returns, he will have many more charges, baseless or not, to answer to. He will have to answer charges based on every page of his tax returns, and stories about every deduction he made.
Right now all he has to answer to is a charge with no evidence and a story that sounds exaggerated. You don't hand ammo to your opposition.

It's the same ammo Obama handed him with his returns. It's the same ammo every presidential candidate since Mitt's dad has freely given out. Romney isn't special and he shouldn't get special consideration just because he is afraid.


that's not really true. Ford didn't release any returns, he just provided a summary. Nader didn't release, Carter only released 3 years, McCain only released 2 years, HW only released 3 years. Very few have released as many as George Romney did in 68. I think BO might be the only one, actually.
 
2012-08-03 12:46:08 PM

skullkrusher: odinsposse: Ford Perfect: If Mitt releases more tax returns, he will have many more charges, baseless or not, to answer to. He will have to answer charges based on every page of his tax returns, and stories about every deduction he made.
Right now all he has to answer to is a charge with no evidence and a story that sounds exaggerated. You don't hand ammo to your opposition.

It's the same ammo Obama handed him with his returns. It's the same ammo every presidential candidate since Mitt's dad has freely given out. Romney isn't special and he shouldn't get special consideration just because he is afraid.

that's not really true. Ford didn't release any returns, he just provided a summary. Nader didn't release, Carter only released 3 years, McCain only released 2 years, HW only released 3 years. Very few have released as many as George Romney did in 68. I think BO might be the only one, actually.


Not that I'm disagreeing with you, but no one cares about Nader. :)
 
2012-08-03 12:46:12 PM
pjmedia.com
 
2012-08-03 12:46:13 PM

qorkfiend: Lost Thought 00: Boxcutta: "Mr. Romney retroactively paid a 36% tax rate..."

What would make me the happiest is if Romney voluntarily pays the IRS $50-100 million or so it will take to get his effective tax rate up to "reasonable" levels, but then loses the election anyways.

I wonder if he could do it with campaign funds.

the change in his couch.

FTFY
 
2012-08-03 12:46:20 PM
Didn't someone once anonymously say that Harry Reid rape and murdered a girl in 1990. Not sure why he hasn't denied this.
 
2012-08-03 12:47:12 PM

soy_bomb: [pjmedia.com image 490x371]


I wasn't aware that the treasury secretary was running for the Presidency.
 
2012-08-03 12:47:45 PM

cgw_niu: The fact is is that This man is extremely generous with HIS money. How much has Obama or Biden given to charity?


I'm fairly sure you can find out by reviewing the returns that they have released. As far as Romney's charitable contributions, I guess we'll just have to take his word for it.
 
2012-08-03 12:48:01 PM

cgw_niu: Romney and his wife contributed $1 million to the Olympics, and he donated to charity the $1.4 million in salary and severance payments he received for his three years as president and CEO. Link

So how much in taxes do you pay when you donate $2.4M to charity?



When you work as Gov for a dollar a year, what is your personal tax liability for that salary?


When Mitt Romney's father passed away in 1995, he left an inheritance to Mitt totaling $1 million. Romney turned around and donated that inheritance money to Brigham Young University for the George W. Romney School of Public Management. Link

How much does this lower your tax liability?

The fact is is that This man is extremely generous with HIS money. How much has Obama or Biden given to charity?


Although it technically is a deductable donation, Romney gets no credit from me for donating money to his cult.
 
2012-08-03 12:48:23 PM

cgw_niu: Romney and his wife contributed $1 million to the Olympics, and he donated to charity the $1.4 million in salary and severance payments he received for his three years as president and CEO. Link

So how much in taxes do you pay when you donate $2.4M to charity?



When you work as Gov for a dollar a year, what is your personal tax liability for that salary?


When Mitt Romney's father passed away in 1995, he left an inheritance to Mitt totaling $1 million. Romney turned around and donated that inheritance money to Brigham Young University for the George W. Romney School of Public Management. Link

How much does this lower your tax liability?

The fact is is that This man is extremely generous with HIS money. How much has Obama or Biden given to charity?


Charitable donations cannot completely eliminate your tax liability, I'm pretty sure.

As for 2010, the only year for which Romney has released a tax return, he gave 13.8% of his income to charity. In 2010, Obama gave 14.2% of his income to charity. So...pretty comparable.
 
2012-08-03 12:49:37 PM

Lord Dimwit: skullkrusher: odinsposse: Ford Perfect: If Mitt releases more tax returns, he will have many more charges, baseless or not, to answer to. He will have to answer charges based on every page of his tax returns, and stories about every deduction he made.
Right now all he has to answer to is a charge with no evidence and a story that sounds exaggerated. You don't hand ammo to your opposition.

It's the same ammo Obama handed him with his returns. It's the same ammo every presidential candidate since Mitt's dad has freely given out. Romney isn't special and he shouldn't get special consideration just because he is afraid.

that's not really true. Ford didn't release any returns, he just provided a summary. Nader didn't release, Carter only released 3 years, McCain only released 2 years, HW only released 3 years. Very few have released as many as George Romney did in 68. I think BO might be the only one, actually.

Not that I'm disagreeing with you, but no one cares about Nader. :)


true but he was still a technically a candidate for President. Unsane at any speed
 
2012-08-03 12:51:18 PM
This issue is n

odinsposse: Ford Perfect: If Mitt releases more tax returns, he will have many more charges, baseless or not, to answer to. He will have to answer charges based on every page of his tax returns, and stories about every deduction he made.
Right now all he has to answer to is a charge with no evidence and a story that sounds exaggerated. You don't hand ammo to your opposition.

It's the same ammo Obama handed him with his returns. It's the same ammo every presidential candidate since Mitt's dad has freely given out. Romney isn't special and he shouldn't get special consideration just because he is afraid.


Not special, just legal. I don't agree with it, but he can do it if he wants. His opponents are demonizing the haves to get the votes of the have nots. At this time running against Obama and Axelrod & Co., releasing his returns isn't politically smart.
 
2012-08-03 12:51:56 PM

Lord Dimwit: As for 2010, the only year for which Romney has released a tax return, he gave 13.8% of his income to charity. In 2010, Obama gave 14.2% of his income to charity. So...pretty comparable.


affordablehousinginstitute.org
 
2012-08-03 12:52:52 PM
What was that bible story about tithing?

Something about how Jesus greatly praised and held up a poor woman as a fine example because she gave some piddling amount in comparison to the other tithers.

She gave far less than they did, but it was worth far more to her because she had less to give.

Now, as I understand it, Romney gave 13.8% of this income to charity...And he makes millions, if not billions.

And the President gave 14.2% of his income to charity and I think we can all agree that he makes far far less than Romney.

So. Who would Jesus hold up to praise if he were to choose between the two, based on their tithing?
 
2012-08-03 12:53:06 PM

Ford Perfect: releasing his returns isn't politically smart.


Withholding them isn't exactly a genius move.
 
2012-08-03 12:54:55 PM

More_Like_A_Stain: Withholding them isn't exactly a genius move.


And we're not even asking him to go all the way back to 1990, when he might have taken a tax credit for raping and murdering a girl.
 
2012-08-03 12:55:27 PM

More_Like_A_Stain: Ford Perfect: releasing his returns isn't politically smart.

Withholding them isn't exactly a genius move.


it is if they say he didn't pay any income taxes for 10 years or that he paid fines and back taxes for his Swiss account amensty
 
2012-08-03 12:56:03 PM

More_Like_A_Stain: Rann Xerox: LOL!!!! ♪ Geor-gie Tirebiter..... ♫

Good times!


You sound old. At least you would if I could get this damned hearing aid to go loud enough to hear you. Bel-Tone my ass.


An ear trumpet works a whole lot better for me and at half the cost.
 
2012-08-03 12:56:27 PM

Lord Dimwit: Charitable donations cannot completely eliminate your tax liability, I'm pretty sure.

As for 2010, the only year for which Romney has released a tax return, he gave 13.8% of his income to charity. In 2010, Obama gave 14.2% of his income to charity. So...pretty comparable.


There are a lot of tax exempt investments that will lower your tax liability and giving a lot to charity will take care of the rest. Remember that you do not get a 1-1 tax credit, so imagine how much you have to donate to clear your tax liability.


Yes, you are right. Obama's do give well to charity. They also give a lot to military charities and I take my hat off to them. However, Biden's charity is extremely laughable. So were the Clinton's back in the '90's
 
2012-08-03 12:56:55 PM

More_Like_A_Stain: Lord Dimwit: As for 2010, the only year for which Romney has released a tax return, he gave 13.8% of his income to charity. In 2010, Obama gave 14.2% of his income to charity. So...pretty comparable.

[affordablehousinginstitute.org image 320x225]


For the record, here's a reference: Link
 
2012-08-03 12:57:20 PM

Ford Perfect: This issue is nodinsposse: Ford Perfect: If Mitt releases more tax returns, he will have many more charges, baseless or not, to answer to. He will have to answer charges based on every page of his tax returns, and stories about every deduction he made.
Right now all he has to answer to is a charge with no evidence and a story that sounds exaggerated. You don't hand ammo to your opposition.

It's the same ammo Obama handed him with his returns. It's the same ammo every presidential candidate since Mitt's dad has freely given out. Romney isn't special and he shouldn't get special consideration just because he is afraid.

Not special, just legal. I don't agree with it, but he can do it if he wants. His opponents are demonizing the haves to get the votes of the have nots. At this time running against Obama and Axelrod & Co., releasing his returns isn't politically smart.


It is if there's something in there that's campaign-destroyingly bad. Smart money says that there's numerous things in that decade of tax returns..

1) Underreporting his income to the Mormon Church, resulting in paying less in tithing...

2) The tax Amnesty thing.

3) Connections to Bain when he swears he was retro-retired.

4) More connections to abortion-related companies, making serious profit off of dead babies.

5) Utilizing tax loopholes and shelters to avoid paying taxes at all for a number of years.

The best part is, no matter what it is, since he won't tell us, we'll just assume the worst, and our imaginations are amazing when it comes to imagining the sins of our leaders.
 
2012-08-03 12:57:50 PM
#1 He did not pay taxes.
#2 He did not commit a crime
#3 He wants the poor to pay more so the rich can pay less.
#3 That is the farking [figurative ]crime
 
2012-08-03 12:58:17 PM

cgw_niu: Lord Dimwit: Charitable donations cannot completely eliminate your tax liability, I'm pretty sure.

As for 2010, the only year for which Romney has released a tax return, he gave 13.8% of his income to charity. In 2010, Obama gave 14.2% of his income to charity. So...pretty comparable.

There are a lot of tax exempt investments that will lower your tax liability and giving a lot to charity will take care of the rest. Remember that you do not get a 1-1 tax credit, so imagine how much you have to donate to clear your tax liability.


Yes, you are right. Obama's do give well to charity. They also give a lot to military charities and I take my hat off to them. However, Biden's charity is extremely laughable. So were the Clinton's back in the '90's


I will agree about Biden. I'm disappointed in his charitable giving, I'm sorry to say. I like the guy otherwise.
 
2012-08-03 12:58:17 PM

More_Like_A_Stain: Ford Perfect: releasing his returns isn't politically smart.

Withholding them isn't exactly a genius move.


You have to go into an election with the candidate you have, not the candidate you want.
 
2012-08-03 12:59:42 PM

Ford Perfect: Not special, just legal. I don't agree with it, but he can do it if he wants. His opponents are demonizing the haves to get the votes of the have nots. At this time running against Obama and Axelrod & Co., releasing his returns isn't politically smart.


Right. Romney believes his returns are more damaging than the speculation about them. Considering how vicious the speculation had gotten, his returns must contain something that Romney feels is incredibly embarrassing politically.
 
2012-08-03 01:00:16 PM

Ford Perfect: His opponents are demonizing the haves to get the votes of the have nots. At this time running against Obama and Axelrod & Co., releasing his returns isn't politically smart.


Technically, they're only "demonizing" the "haves" who want to pay a lower rate in taxes than the "have nots".
 
2012-08-03 01:00:35 PM
Just imagine this situation inversed..

Limbaugh would have spunked over the mike by now.
 
2012-08-03 01:00:52 PM

Lord Dimwit: More_Like_A_Stain: Lord Dimwit: As for 2010, the only year for which Romney has released a tax return, he gave 13.8% of his income to charity. In 2010, Obama gave 14.2% of his income to charity. So...pretty comparable.

[affordablehousinginstitute.org image 320x225]

For the record, here's a reference: Link


And if the Santorum's gave more to charities, they would have had a less ETR. The Romney's gave 13.9% of their income to charities and lowered their ETR. That is how it works.
 
2012-08-03 01:03:18 PM

Vlad_the_Inaner: sprawl15: I'm starting to wonder if Romney is a liberal plant and his campaign is complex performance art: a Life of Brian-esque satire of rich people.

"What did the rich people ever build for us?"

"Roads?"

"Nope"

"Bridges"

"Nope"


Cake?
 
2012-08-03 01:03:41 PM

FishStampede: Derp up there does actually bring up a good point, that the oft-used argument about people who pay zero federal income tax is they still pay other taxes like sales tax, social security, etc. If Mitt paid zero income tax, it's true he still probably paid taxes everywhere. Unless he managed to completely write off his homes as churches, buy everything online but have a minion pick it up from the distributor thus avoiding S&H, etc. That would just be completely silly.

We can be outraged about him not paying INCOME taxes at his level of wealth, but we do have to acknowledge he put into the pot somewhere along the way, even if he might have put a ten in but taken a buck or two back out and snickered as he walked away.


Chances are he paid taxes.......to other countries that aren't the US.
 
2012-08-03 01:04:05 PM

sparkeyjames: Vlad_the_Inaner: sprawl15: I'm starting to wonder if Romney is a liberal plant and his campaign is complex performance art: a Life of Brian-esque satire of rich people.

"What did the rich people ever build for us?"

"Roads?"

"Nope"

"Bridges"

"Nope"

Cake?


An infernally complicated tax code?
 
2012-08-03 01:04:15 PM
My source's source knows a source who's grandmother's friend swears it's true.
 
2012-08-03 01:06:44 PM

Captain Dan: More likely, he thinks that income/corporate/capital gains taxes are inefficient progressive ways to collect revenue, and he'd prefer to replace them with regressive consumption taxes/carbon taxes/VAT



It's shifting the tax burden from the wealthy to the middle and lower classes.
 
2012-08-03 01:06:54 PM

Captain Dan: HeartBurnKid: The fact that this makes a difference is part of the problem. Romney has been arguing that the rich should have a lower tax rate when they already pay a lower one on the vast majority of their income thanks to that very distinction (among other tricks and loopholes they lobby for).

For political reasons, Romney can't say what he probably really believes, but I'm guessing he doesn't believe that we're anywhere near the Laffer Curve inflection point. More likely, he thinks that income/corporate/capital gains taxes are inefficient ways to collect revenue, and he'd prefer to replace them with consumption taxes/carbon taxes/VAT.

I can't read his mind, but this is what most smart people believe, and Romney is one of them.


So what you're saying is that he wants to reduce and/or repeal a progressive tax and two taxes that primarily affect rich people, and replace them with two regressive taxes and a tax that the Republicans would crucify him for even considering. And then you tell me it's "what most smart people believe" would be better, when there's a great many smart people who believe nothing of the sort. Yup, I'm sold.
 
2012-08-03 01:08:04 PM
Taxers = Birthers
\o/
|
/\
 
2012-08-03 01:08:05 PM

cgw_niu: Lord Dimwit: More_Like_A_Stain: Lord Dimwit: As for 2010, the only year for which Romney has released a tax return, he gave 13.8% of his income to charity. In 2010, Obama gave 14.2% of his income to charity. So...pretty comparable.

[affordablehousinginstitute.org image 320x225]

For the record, here's a reference: Link

And if the Santorum's gave more to charities, they would have had a less ETR. The Romney's gave 13.9% of their income to charities and lowered their ETR. That is how it works.


I gave more to charity percentage wise to charity in 2010 than Romney did, but my tax rate was more than twice his. That seems wrong to me.
 
2012-08-03 01:09:53 PM

cgw_niu: Romney and his wife contributed $1 million to the Olympics, and he donated to charity the $1.4 million in salary and severance payments he received for his three years as president and CEO. Link

So how much in taxes do you pay when you donate $2.4M to charity?



When you work as Gov for a dollar a year, what is your personal tax liability for that salary?


When Mitt Romney's father passed away in 1995, he left an inheritance to Mitt totaling $1 million. Romney turned around and donated that inheritance money to Brigham Young University for the George W. Romney School of Public Management. Link

How much does this lower your tax liability?

The fact is is that This man is extremely generous with HIS money. How much has Obama or Biden given to charity?


Well then releasing his tax returns would make him look pretty good. I'm all for it
 
2012-08-03 01:10:15 PM

cgw_niu: Taxers = Birthers
\o/
|
/\


no
 
2012-08-03 01:10:49 PM

sparkeyjames: Vlad_the_Inaner: sprawl15: I'm starting to wonder if Romney is a liberal plant and his campaign is complex performance art: a Life of Brian-esque satire of rich people.

"What did the rich people ever build for us?"

"Roads?"

"Nope"

"Bridges"

"Nope"

Cake?


ordeath?
 
2012-08-03 01:11:13 PM

cgw_niu: Taxers = Birthers
\o/
|
/\


This particular meme is getting a lot of catapultin'

Doesn't seem to be sticking.
 
2012-08-03 01:11:32 PM
I have a source.

Oh yeah, who is your source?

I will not reveal my source.



/Alex jones has sources too
//just sayin
 
2012-08-03 01:11:53 PM

CPennypacker: cgw_niu: Taxers = Birthers
\o/
|
/\

no


true - not releasing tax returns doesn't disqualify you from the Presidency :)
 
2012-08-03 01:11:55 PM

Lord Dimwit: cgw_niu: Lord Dimwit: More_Like_A_Stain: Lord Dimwit: As for 2010, the only year for which Romney has released a tax return, he gave 13.8% of his income to charity. In 2010, Obama gave 14.2% of his income to charity. So...pretty comparable.

[affordablehousinginstitute.org image 320x225]

For the record, here's a reference: Link

And if the Santorum's gave more to charities, they would have had a less ETR. The Romney's gave 13.9% of their income to charities and lowered their ETR. That is how it works.

I gave more to charity percentage wise to charity in 2010 than Romney did, but my tax rate was more than twice his. That seems wrong to me.



That is a fair concern. But I will bet that you had mostly payroll tax and he had capital gains taxes. remember that he paid taxes on the money that he used as the principal on those investments. So his rates are deceiving. I personally believe that your rates should be lowered to his not his raised to yours. I hope to be in his shoes someday and I am working hard on that.
 
2012-08-03 01:12:36 PM

cgw_niu: Taxers = Birthers
\o/
|
/\


This has been explained before, but one more time:

* The President released his birth certificate.

* There was no question where the President was born, no contradictory evidence. Romney has said one thing and had SEC filings say another. In fact, he may be guilty of perjury. Releasing his tax returns would be further evidence one way or the other. There is an actual question here, unlike the President's birthplace.

* The President didn't make one of his central campaign planks about birth certificates. One of Romney's core messages is that the rich pay too much in taxes, and yet he won't say how much he pays.
 
2012-08-03 01:13:32 PM

stoli n coke: At this point, I wouldn't doubt if CNN's anonymous source is Steve Schmidt.


WAY late to the party, but THIS RIGHT HERE.
 
2012-08-03 01:13:35 PM

cgw_niu: Lord Dimwit: cgw_niu: Lord Dimwit: More_Like_A_Stain: Lord Dimwit: As for 2010, the only year for which Romney has released a tax return, he gave 13.8% of his income to charity. In 2010, Obama gave 14.2% of his income to charity. So...pretty comparable.

[affordablehousinginstitute.org image 320x225]

For the record, here's a reference: Link

And if the Santorum's gave more to charities, they would have had a less ETR. The Romney's gave 13.9% of their income to charities and lowered their ETR. That is how it works.

I gave more to charity percentage wise to charity in 2010 than Romney did, but my tax rate was more than twice his. That seems wrong to me.


That is a fair concern. But I will bet that you had mostly payroll tax and he had capital gains taxes. remember that he paid taxes on the money that he used as the principal on those investments. So his rates are deceiving. I personally believe that your rates should be lowered to his not his raised to yours. I hope to be in his shoes someday and I am working hard on that.


Okay. I get it now. 9/10.
 
2012-08-03 01:13:54 PM

skullkrusher: CPennypacker: cgw_niu: Taxers = Birthers
\o/
|
/\

no

true - not releasing tax returns doesn't disqualify you from the Presidency :)


Darling you know I can't argue with you
 
2012-08-03 01:14:37 PM

CPennypacker: skullkrusher: CPennypacker: cgw_niu: Taxers = Birthers
\o/
|
/\

no

true - not releasing tax returns doesn't disqualify you from the Presidency :)

Darling you know I can't argue with you


besitos

:*
 
2012-08-03 01:15:30 PM

cgw_niu: The fact is is that This man is extremely generous with HIS money. How much has Obama or Biden given to charity?


Roughly the same percentage as Romney in 2010, actually. Though I don't think Obama's part of a church that requires tithing.
 
2012-08-03 01:19:12 PM

JK47: Captain Dan: More likely, he thinks that income/corporate/capital gains taxes are inefficient ways to collect revenue, and he'd prefer to replace them with consumption taxes/carbon taxes/VAT

It's shifting the tax burden from the wealthy to the middle and lower classes.


It would likely be a progressive consumption tax, although to be honest I'd prefer a flatter tax. I have no problem with eliminating tax progressivity or the wealth inequality that would result, because there is nothing inherently bad about inequality.
 
2012-08-03 01:20:03 PM

Lord Dimwit: * The President released his birth certificate.


* There was no question where the President was born, no contradictory evidence. Romney has said one thing and had SEC filings say another. In fact, he may be guilty of perjury. Releasing his tax returns would be further evidence one way or the other. There is an actual question here, unlike the President's birthplace.

* The President didn't make one of his central campaign planks about birth certificates. One of Romney's core messages is that the rich pay too much in taxes, and yet he won't say how much he pays.



It did take him several years and Donald Fricken Trump for him to release the real one

Birthers still question where he was born regardless of the Birth Cert. If the SEC thinks that Romney violated the law then they should charge him with it. The laws in Hi allow for the first form that Obama released originally for foreign born persons. He trolled birthers in a bad way for several years.

Romney has said that the Rich pay too much taxes? Really? He has said that no-one should have their taxes raised in a bad economy. The same as Obama last year. I would not be surprised to see Romney raise taxes on the rich if the economy gets going.
 
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