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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 98
    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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Archived thread
2012-08-03 10:15:39 AM
6 votes:

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.



actually since Romney is arguing that we need to cut federal income taxes for the wealthy because those taxes are slowing down the job creators then the fact that he pays little to none is what's really important here.

the GOP really picked the wrong guy to make their latest trickle down economics BS argument.
2012-08-03 10:08:26 AM
4 votes:
This is the most delicious dirty pool in so many ways.

Why is Sen. Reid leaking this?
Because Sen. Reid is LDS.
Most likely Sen. Reid's source is LDS.
Gov. Romney is LDS.

So Gov. Romney gets dragged through the mud for the returns and the tight cabal that the LDS frequently operates their businesses in and Gov. Romney will have a harder time complaining that this is all anti-Mormon bigotry.
2012-08-03 10:19:19 AM
3 votes:
What would be hilarious is democrats in congress to put up a bill where anyone running for US president must show 10 years of tax returns AND their official birth certificate. Put republucans in a situation where they would look bad voting either way.
2012-08-03 09:58:03 AM
3 votes:
Democrats are finally learning to play the game. Good luck republicans. Imagine smart people using your tricks. You're boned.
2012-08-03 01:12:36 PM
2 votes:

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 12:06:42 PM
2 votes:

Captain Dan: Lord Dimwit: Y'all went crazy about Obama's "long-form birth certificate" - something that no prior President had ever released publicly.

Now, Mitt won't release his tax returns - something that every Presidential candidate back to Mitt's father has done - and y'all are saying that it's okay.,

So...yeah. I would be flabbergasted if just once a Republican would admit that maybe their side is doing something just a teeny bit hypocritical.

I'm a Republican. I think birtherism is nuts, the manifestation of an irrational hatred of Obama and liberals. If you hate a person or group enough, you can believe any conspiracy about them.

This strain of thinking isn't limited to Obama. Irrational conspiracies regarding Bill & Hillary Clinton abounded in the 1990s. The only difference now is that Fox News, partisan blogs, and email are catapulting the misinformation more efficiently.

The Romney tax issue is as conspiratorial and politically insular as Birtherism. All it lacks is a catchy name.


You sir, are delusional.

Birthers say there is no proof they can accept. That no matter what proof they are given, it won't be enough to convince them, because they know in their heart of hearts that TaxFarta is a Kenyin Mooslim.

People who want to see the tax returns just want to see them. We'll accept that they are real if he says they are. What we won't accept is Romney's word that there is nothing in there we deserve to see.
2012-08-03 10:53:22 AM
2 votes:
What I love is the cognitive dissonance of the right on this matter.

Either A: The Obama campaign is playing by the rules and does not know for sure what is in the returns and is talking out of their arses.

Or B: The Obama campaign conducts itself according to Chicago Style(tm) rules and already has every tax return for all Romney family members and all Romney business associates ever filed and is allowing these attacks to continue because they know how farked Gov. Romney really is.

Pick one Real Americans(tm).

A: The Obama campaign is not a Chicago Style(tm) operation.

B: Your side is completely farked.
2012-08-03 10:19:59 AM
2 votes:

Imperialism: No, all Bash did was find the same source Reid did.


#!/dana/bash

if [ -e /reid/source ]
then
source $( find /reid/source -name '*bain*' -ctime +3560 -exec grep taxes {} \;)
fi

[ ! -z "$taxes" ] && return $taxes
2012-08-03 10:15:24 AM
2 votes:
In Russia, rich peasant pays Government ruinous taxes. In America, Government pays rich peasants ruinous taxes.

Yakoff Smirnov said that.

No. He didn't.

Would you believe Yacko Warner?

How about Brantgoose.


It's funny because it's true. Mitt Romney is telling the truth when he says he didn't pay zero taxes. He paid minus taxes to the tune of millions of dollars in transfers from the government to the rich that as a politician, he suggested. Many US corporations have been "charged" with the job of collecting taxes from consumers. And to cut out the middle man, they've been allowed to keep the taxes they collect.

Do you remember from history classes you may or may not have been required to take in high school or university, the tax farmers whose depredations were among the grievances that led to the French Revolution. Well, met the new boss, same as the old boss.

Two hundred and some odd decades after the Revolution, the rich are back in the same aristocratid driving seat they were in before 1776, before 1789, before the October Revolution in November, 1917.

Ha! ha!

Sucks to be you! Oh, wait. That hurts. It makes me feel bad. This must be how all the other people feel when I mock them. Tough shiat. It still sucks to be them.
2012-08-03 10:08:50 AM
2 votes:

dr_blasto: Those two things he has have taken him to the convention as the presumptive nominee. If he comes out of the convention as the nominee, he's in till election day.


Oh for Christ's sake. RONPAUL is not getting the nomination.
2012-08-03 10:07:48 AM
2 votes:

FlashHarry: cman: If he paid no taxes for the past decade then why did he release two tax records saying that he did?

he only released 2010, and that was incomplete. i'm guessing they're referring to the decade prior to that.

though romney's been running since 2006, so i find this story highly dubious. even mittens isn't that dumb.


He's certainly not that dumb, but he's damn well that entitled. When you have a guy his age who's never failed to get his way on anything in his entire life, the mindset can certainly take hold that he doesn't have to answer to anyone. In this case of the taxes, 'anyone' is the press, voters, members of his own party, etc.

In fact, whether or not there's anything of note in his taxes is beside the point. Assuming there is nothing out of the ordinary, the fact he's letting this blow up into a bigger issue by the day and doing nothing about it shows his mindset. "Fark the little people, I don't need to answer to them even if it screws my chances of winning."

Personally I don't think his taxes will reveal anything of note. And when this whole thing started I rolled my eyes at it. But now? The fact he's just doubling down on not releasing them says more about him as a candidate and his judgement than whatever's in those returns.
2012-08-03 09:45:47 AM
2 votes:

FlyingLizardOfDoom: No sales tax, property tax, or thumb tacks?

/nice one, mittens


That's funny, coming from the same people who have been accusing 50% of Americans of paying no taxes.
2012-08-03 07:56:09 AM
2 votes:

dr_blasto: FishStampede:
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.

INCOME and PAYROLL. Two taxes to talk about. Mitt says he was unemployed, so didn't contribute to medicare or SS. If he was making lots of money as an unemployed dude, well, that just means you're in the wrong racket.

Still, I'd prefer to see something better than "my anonymous source confirms Reid's anonymous source's argument" articles. I also expect Mitt's tax to be low, but likely not zero. I could see him raking in money and finding a method to get around 5%, I could also see him using the 2009 amnesty as well. The amnesty would be really embarrassing for a presidential candidate and I think likely worse than any period of really low taxes (not that super-low tax rates paid would look good).


Oh yeah, no doubt something shiatty is in his taxes and he really has a good reason not to want anyone to see it. I just think we shouldn't use arguments that could easily be turned around to raise taxes on the bottom half of the country.

I also think it's not far fetched that this could sink his campaign before it even gets out of the dock. I don't think they'll do a brokered convention, the GOP establishment is losing control but they haven't lost it yet and still are pretty canny. Instead, what I see happening (if he doesn't just crawl his way to November) is we'll start seeing a narrative of his wife's battle with MS becoming more prominent, then following the convention he will drop out to deal with her health issues and his VP will take over (with another VP already lined up). If the MS narrative starts coming up more often, and he chooses a charismatic dark horse VP like one of his former opponents from the primary, bet money he'll drop out before November.
2012-08-03 07:20:16 AM
2 votes:
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.
2012-08-03 11:03:22 PM
1 votes:

Brick-House: and the Senate hasn't passed a Budget since Apr 09.

[unemploymentdata.com image 850x617]


But the house has tried to repeal Obamacare 34 times in the same time frame.
And defunded women's health clinics

WHAR JOBS?
WHAR?
Still Waiting Republicans?

Don't be a jerk if you can avoid it
2012-08-03 09:33:49 PM
1 votes:
"Judge me by the enemies I have made."
- Franklin Delano Roosevelt
2012-08-03 09:30:56 PM
1 votes:

Brick-House: [i47.tinypic.com image 600x338]

Obama's transparency...


I know numbers 13, 14 and 15 are b.s., so I'm not going to bother looking up the others to refute them.

Why are Obama and his wife's law licenses "suspended?" Because they asked the bar association to do so since they weren't going to practicing law for at least four years. It's something lawyers do to maintain their status during a hiatus without having to retake the exam.

If all the other conspiracy b.s. has as much behind it as that one, then our conservative friends are playing a pretty weak hand.
2012-08-03 04:36:22 PM
1 votes:
Believe what you want to believe wombat. Romney will have a large warchest for sure, but advertising doesn't help much if your product is crap. (ask American car manufacturers in the 80's about this). Obama may not have the cash advantage going into the fall, but he will be far from defenseless. Romney had to spend millions of dollars to beat newt Gingrich for god's sakes. Where is Romney going to get the oxygen to fuel his campaign? Out of context Obama quotes? Pretty much all Obama has to do is send out another surrogate to go after romney's taxes and the narrative immediately switches back. Next week it will be bill Clinton, the week after Hillary, etc....

Romney is farked until he makes this issue go away and he can't until he releases his taxes.

Wombat bookmark this post, if Romney wins in November I will happily eat crow, but frankly I do not see any possible way this happens unless the republicans by some miracle find a better candidate.


Romney will get a bump for his convention, but after that
2012-08-03 04:22:39 PM
1 votes:

amiable: This ladies and gentlemen is hardball politics at its absolute finest, this is the Chicago style shiat that the republicans have in their heart of hearts been hoping the democrats were to ball-less to ever use. Romney is on the ground and they are going to keep stabbing until he stops moving. I almost feel bad for him.


Well, no. That's kind of the issue. Obama's campaign chided McCain for not releasing his medical report early on as well. McCain got hit on it and then released the report. It was a jab. A test to see what McCain would do. Obama didn't really think anything terrible would come out of those medical records.

Asking for Romney's tax returns was the same thing. Push him, see what happens, and then move on knowing more about how your opponent reacts. Instead Romney disintegrated. It's just by luck and Romney's poor management that this small early test turned into a firestorm. Obama hasn't even started to play hardball.
2012-08-03 04:08:09 PM
1 votes:
The point of this isn't to make Romney do anything, it's to keep the story on the front page... The really hilarious part is that this is nothing but upside for the Obama campaign; if Romney surrogates attack Reid the story stays on the front page, if they release the tax returns then they have to deal with consequences of the release, ignoring it at this point isn't an option.

Reid is retiring after his next term most likely and like the honey-badger, he does not give a fark. So if you think he gives one fark about a bunch of yahoos calling him a pederast because they think it somehow proves a point I have news for you blockheads: he loves it. Because there are 99 days left before the election and every day Mitt Romney and his surrogates spend defending his decision not to release his tax returns or attacking people who are attacking him for not releasing his tax returns is another day the Romney campaign loses.

Check out 538.... Right now Obama is in the best position poll wise than he has ever been in the race, and this is after months of terrible economic news. Romney needs to change the subject , badly, but he can't until he releases the tax returns, but the very fact that he hasn't releasedthem yet suggests that doing so would sink his campaign.

This ladies and gentlemen is hardball politics at its absolute finest, this is the Chicago style shiat that the republicans have in their heart of hearts been hoping the democrats were to ball-less to ever use. Romney is on the ground and they are going to keep stabbing until he stops moving. I almost feel bad for him.
2012-08-03 03:06:37 PM
1 votes:

skullkrusher: he's released 2 years. Less than most, more than some since his father's campaign. 12 years of returns isn't anything resembling a tradition. As I said, I think BO is the only candidate since Romney the Elder to do so


Obama: 12 years of returns
W. Bush: 8 years of returns
Clinton: 8 years of returns
Bush: 3 years of returns
Reagan: 6 years of returns
Carter: 3 years of returns
Ford: provided a tax summary spanning ten years, but not the actual returns
Nixon 4 years of returns

Romney provided his full 2010 returns. He also provided part of his 2011 return, but not enough to paint a clear picture of his dealings for that year.

It is entirely fair to say that Romney is not being forthcoming when compared to all the presidents of my lifetime. That is fact.
2012-08-03 02:40:17 PM
1 votes:

cgw_niu: Paul Baumer: Mitt can be as charitable as he likes with his own dough, but I wish he'd quit giving away mine - I am sure the rest of US taxpayers will be thrilled to find out they have been supporting the LDS church AND reducing Mitt's tax liability by foregoing the tax due on that money.



Wait, What? Mitt's money is your money? Or did Mitt the wimp kick your ass and take your money? Please do explain.

/brb, getting popcorn


You do understand that any tax money not collected has to be covered by the rest of us suckers in the form of T-bills, right? Hope you didn't burn the popcorn - you probably shouldn't operate a microwave if you don't grasp how tax avoidance is the same thing as putting money in your pocket and taking it out of mine.
2012-08-03 02:33:51 PM
1 votes:

Skleenar: skullkrusher: Romney still had to sign his returns. He knew what was in there.

Actually, he has already used the excuse that he didn't read his tax returns when he signed them the LAST time he was caught lying about his tax returns.

/see previous links if you doubt this.


why kind of idiot does something like that? Get a brane, mormon.
2012-08-03 02:09:31 PM
1 votes:

Skleenar: jackieeeee: In short: tax info, very big deal. Everyone who has access is tracked.

Of course the person who is this source may not have official access. He may just be parroting a Romney boast over oefs au creme anglaise at the National Dressage Association breakfast.


Very true!

I just know if someone leaks his actual tax filings, with our laws, someone would have to go down. I don't see Romney just letting that go and we have laws to prosecute anyone who even looks at unauthorized tax information. He can talk about his own tax information all he wants but unless he authorizes the release, leaking the actual filings is a very big deal.

My opinion is that his taxes show that the GOP's whole economic agrument for more tax cuts for the wealthy would be shown to completely invalid. I think it's bigger than him (though I also think he believes us normal people have no right to his see business), it would show how very little the 1% actually pay and that they live by different rules. If that is put to the American public in black and white their whole argument is toast.
2012-08-03 01:38:43 PM
1 votes:

cman: GAT_00: cman: GAT_00: cman: If he paid no taxes for the past decade then why did he release two tax records saying that he did?

Christ, Kos, I know you are highly partisan, but going up Birther avenue does not suit anyone

Reid's source is Bain related, and the years in question are supposed to be pre-2010.

Well, I know the son of a worker at McDonalds, and from what he tells me, Corporate is planning on buying back stock from investors.

/Anon sources need verification.
//This could be some strategy of Reid lying to force Romney to release his returns

It's exactly what it is, and Reid doesn't have the legal authority to release the returns. Romney does. He refused to release them, this is what you get.

Romney should release them no doubt. That is the standard set by our Presidential candidates dating back for a long time. I dont know about privacy laws concerning tax returns, but is it really ethical for someone to expose another person like this?


I don't know if this has been covered, I haven't read the whole thread but privacy laws concerning tax information are very strict.
Where I work we have access to some tax information and our access is tracked, we have notices up every where stating tax information is here and citing IRS codes. We have to watch a video about the laws and sign off that we have watched it every year. If I just look at someone's tax information that I don't have to for work I could possible go to jail and pay heavy fines. We don't even see full tax filings, just if someone gets a tax return. There is a hotline number to turn people in if we see a violation.
Tax info has to stored behind two locked doors with only certain people able to have access. This is tracked by who uses their badges to get in and out of those areas.
These laws have been on the books for awhile but full enforcement did not come down until Obama's adminstration (at least at our office). Apparently from what we were told the Bush adminstration wasn't too concerned regarding enforcement but Obama's is. It's a big deal. I wouldn't want to be the person who leaks Romney's filings. It is all tracked of who has access to the info and I imagine someone would be prosecuted or take the fall.
In short: tax info, very big deal. Everyone who has access is tracked.
2012-08-03 01:08:05 PM
1 votes:

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 12:57:50 PM
1 votes:
#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 12:52:52 PM
1 votes:
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 12:46:12 PM
1 votes:
pjmedia.com
2012-08-03 12:21:35 PM
1 votes:

Infernalist: I love how "He's not a criminal!" "You can't prove he's a criminal!" is good enough for GOPers when it comes to selecting someone to be President.


FTFY.
2012-08-03 12:12:12 PM
1 votes:
As to the claim (offered by multiple posters) that releasing tax returns is S.O.P.:

So what? If following S.O.P. if harmful to Romney's campaign, he'd be a fool to do so. There's no legal requirement to release tax returns, and there's nothing intrinsically good about "following procedure" except for the vague conservative comfort it instills.
2012-08-03 12:05:07 PM
1 votes:

qorkfiend: Yes, but there's clearly no advantage to keeping the returns hidden, either. So Romney believes there is a greater advantage to keeping them hidden than releasing them; this inevitably leads to speculation as to why it is more beneficial for Romney to keep them hidden.


Mitt Romney is a very smart guy, smarter than anyone posting on Fark at the least. He's obviously calculated that the speculation over his tax returns is less harmful than what might happen if he did release them. [He might decide to release that information, but not because "it's the right thing." He'll do so only if it's the smart move.]

My guess is that he paid very little income tax, because like most wealthy people the majority of his earnings came from capital gains. Any educated person would understand this, but most people are financially illiterate, and could be swayed by misleading Democratic claims that "Romney paid less [income] taxes than you did!"

You might scoff, but some dipshiat undecided voter would eat it up.
2012-08-03 12:03:15 PM
1 votes:
Release your tax records already, biatch!

Everyone is doing it, you're the only asshole that hasn't, Mittens!

You can whine, biatch, piss and moan all you want. At the end of the day, all that matters is whether or not you released your tax records.
2012-08-03 12:02:20 PM
1 votes:

The Dog Ate The Constitution: CPennypacker: You have one share of apple you bought at 200. Right now its 190. Sell it, then 30 days later buy it back. Ideally the stock hasn't moved or it has gone down. Now you have the same position you had before, a $10 realized loss and you didn't actually lose any money

Could you explain to me why there's no actual loss of money? At the time of buyback, aren't you repurchasing the share of Apple with $10 less than if you had never sold the stock?


You bought the stock for 200. You sold it for 190

Now you have $190 and one less share of stock

Now you buy it back for the $190. You have the same cash you had before and the same number of shares.

But you get to claim a $10 loss against your gains

Awesome, isn't it?
2012-08-03 11:56:00 AM
1 votes:
From what I can tell, I don't think that Romney did anything 'illegal'.

From what I can gather and from what I can see, he's setting the stage for an eventual reveal that has him using the loophole-ridden tax code to avoid paying considerable amounts of 'intended' taxes. So while he didn't break the law, his integrity and moral standing is going to take a massive hit.

In short, it's hard to call yourself an upright citizen if you're bending and twisting your finances to a ridiculous degree in order to avoid paying taxes that you really really wouldn't miss if you actually paid them.

It's like watching a lil old miser in a custom tailored Italian suit jump out of a Bentley and wrestle some kid for a quarter that's lying in the gutter.

That's what Romney is afraid being seen as. It's a shame he doesn't realize that 'that' would be a step-up from how he's perceived currently.
2012-08-03 11:51:46 AM
1 votes:

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.


My in-laws live in the Mormon Mecca of Nauvoo, IL and this is exactly what the Mormon's started to do when they moved back. Everything they buy is "for the church" so they skirt taxes like mad. The tax burden has come down hard on the non-Mormons in the area.
2012-08-03 11:51:42 AM
1 votes:

Brick-House: Captain Dan: Romney should offer to release his tax returns in exchange for Obama releasing his college transcripts. It would be an instant Great Moments in Politics.

/they're both probably mildly embarrassing but innocuous

[obamaballotchallenge.com image 500x431]


Still wondering what kind of shiat you drooling retards would hope to see in the college records.
2012-08-03 11:45:41 AM
1 votes:

Captain Dan: Romney should offer to release his tax returns in exchange for Obama releasing his college transcripts. It would be an instant Great Moments in Politics.

/they're both probably mildly embarrassing but innocuous


What is the big deal about Obama's college transcripts? Why would anyone (besides a GOP shill, I mean) care what was in them? How could you make the leap there there is some sort of equivalency here (or did I parenthetically answer my own question?)?.
2012-08-03 11:38:20 AM
1 votes:

skullkrusher: CPennypacker: skullkrusher: CPennypacker: Would he have to pay AMT if he harvested enough losses to bring his net capital income to 0 though? Someone with that much in assets could easily do it, especially with the markets so volatile in the last decade.

That would have to be carried forward losses (I think). Considering how much he made in the 90s, how could he have possibly had enough losses carried forward to wipe out his tax liability for a decade?

IIRC, some Bain funds were incorporated in Bermuda which has no income tax - as a result he wouldn't have been required to pay any income taxes on gains realized there but once he repatriated any of that money he would be liable.

God I hate taxes... well tax law at least. Taxes suck a bucket of monkey cocks too but I like road.

They don't have to be carried. You can generate new realized losses at the end of the calendar year to offset any gains/dividends/carried interest you earned.

technically yeah, you could generate losses to reduce (or eliminate) your cap gains but what's the point in that? You're better off paying the 15% than losing 100%


You don't really lose anything unless the stock moves significantly in 30 days

Lets say you made 10 dollars in capital gains this year. You say "fark uncle sam, I'm not paying taxes on this"

You have one share of apple you bought at 200. Right now its 190. Sell it, then 30 days later buy it back. Ideally the stock hasn't moved or it has gone down. Now you have the same position you had before, a $10 realized loss and you didn't actually lose any money
2012-08-03 11:34:03 AM
1 votes:

Captain Dan: sprag: I can't imagine this behavior entices the undecideds which end up deciding the election.

This isn't going to persuade anyone to change their vote. It's upscale birtherism.


I'm not so sure. There are a lot of people in the middle who aren't terribly thrilled with either candidate and if it turns out that there are shenanigans then it could tilt them toward Obama.

Birtherism is racism, plain and simple. This is mudslinging politics, which is gross, but its in a different class.
2012-08-03 11:33:21 AM
1 votes:

Brick-House: [photo.goodreads.com image 312x475]

I can see why they're pounding on this as much as they are. Crap like this is what got Obummer elected to the Senate. If Romney had done anything wrong, the IRS would be crawling up his ass, so he should just stay on message and fook these people.


The argument is not that Romney did something illegal.
2012-08-03 11:30:46 AM
1 votes:

Captain Dan: Romney should offer to release his tax returns in exchange for Obama releasing his college transcripts. It would be an instant Great Moments in Politics.

/they're both probably mildly embarrassing but innocuous


obamaballotchallenge.com
2012-08-03 11:23:15 AM
1 votes:
What's sad is that Romney could release his returns and reveal that he paid no taxes for ten years, took advantage of the Swiss amnesty, donated no money to his church, and gave millions to the Church of Satan, and at least 40% of the country - including practically all of the Midwest and South - would still vote for him.

Everyone always talks about the "clash of civilizations" between Islam and Christianity - the real clash is between fundamentalist religion and intellectual progress (and the fundamentalists are outbreeding the moderate religious and intellectuals).
2012-08-03 11:17:19 AM
1 votes:
1.bp.blogspot.com
2012-08-03 11:06:09 AM
1 votes:

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.
2012-08-03 10:59:43 AM
1 votes:

skullkrusher: how does one go about legally not paying taxes for 10 years? Maybe that's why Mittens won't release his returns. They don't exist.


people with as much money as he typically employ an army of tax attorneys who shelter their money offshore and exploit every conceivable loophole so that they effectively pay no tax.

as f. scott fitzgerald said, "the rich are different than you and me."
2012-08-03 10:55:28 AM
1 votes:
Fark Cons have a lot of water to carry for the next couple months.

Dont throw your backs out yet.
2012-08-03 10:53:12 AM
1 votes:

Kevin72: Bungles: There's mild chatter in the Freep-verse that the person could be the one and only Sarah Palin (which is theoretically possible, via the McCain campaign), as a means the rise to power at the convention.

Entirely unlikely to be true, but an hilarious fantasy.

NO. A hilarious fantasy. But not "an" unless you pronounce it "'ilarious" which I doubt. It's not just you on snapping at just now, it's all the birdbrains who say that and things like "an historic" pronouncing the 'h'.

/rant off.



Given I'm British, you can stick your grammatical idiocy up you chuffpipe, as I'm entirely correct. British English and Australian English (and even several US accent) swallow the h on "hilarious" and "historic" when they're in a sentence (although not when alone) in exactly the way most accents do with "hour".

Although Americans bizarrely do the same thing with "herb" when no-one else does.
2012-08-03 10:51:58 AM
1 votes:

qorkfiend: "I did the bare minimum; make me President!"


What was it that comedian with the MittRomney user name on Twitter said? "He wants to be president because he wants to be president? I can imagine if he gets elected he's going to sit down in the oval office and say 'well, that's it then' and then just stare out a window."
2012-08-03 10:50:34 AM
1 votes:

SoupJohnB: The right wing loons will continue to support him. "I don't wanna pay no taxes, neither!!"


i can almost guarantee this will be the talking point if this turns out to be true. "all taxes are bad!" "romney is a hero for not paying taxes!"
2012-08-03 10:50:28 AM
1 votes:

moralpanic: badhatharry: An IRS employee or McCain could be the source. More likely Reid is just a liar.

I guess it's impossible to know...


Yes, impossible. If only there were some indisputable, officially reviewed documentation that Romney could produce that would refute the allegation; or some widely accepted threshold of disclosure that he could meet to put the topic to rest.

It's so unfair to attack Romney with an accusation that he has no possible way to address!
2012-08-03 10:47:36 AM
1 votes:

More_Like_A_Stain: Rann Xerox: I wonder if anyone out there who wanted to be Romney's VP pick is suddenly having a change of heart.

You're assuming that anyone wanted to be his VP pick. I'm reminded of the old Firesign Theater bit about a kamikaze training session. After a detailed description of just exactly how the mission will be performed, the Commander asks "are there any questions?". A hand goes up in the back of the room, and a pilot asks "are you farking crazy?".


They'll be people that want to be his VP pick for the same reason people buy lottery tickets: "There's always a chance!"

The problem for Romney is anyone that thinks they can win in 2016 won't hitch their wagon to his campaign. Anyone that wants to be an honest to god useful VP and have a say in policy matters (like Biden demanded) won't either since there's absolutely zero chance Romney would even consider their opinion on anything, much less seek it out.

A VP role under Romney will be a killer for anyone that has aspirations for the presidency combined with a chance to actually become President. It's a complete dead-end.

That leaves us with a bunch of nobodies that hope like hell he wins and hope like hell he wins again in 2016 so they can parlay that gig into a run of their own in 2020. See Pawlenty, Tim as an example. Visibly desperate to become President. Delusional to the point he thinks he can succeed. And shameless enough to sign up with Romney in an attempt to make it happen.

If people thought the GOP Presidential candidates were the B-list of the Party this year, just farking wait until they get a hold of the VP options.
2012-08-03 10:46:57 AM
1 votes:

Bungles: There's mild chatter in the Freep-verse that the person could be the one and only Sarah Palin (which is theoretically possible, via the McCain campaign), as a means the rise to power at the convention.

Entirely unlikely to be true, but an hilarious fantasy.


NO. A hilarious fantasy. But not "an" unless you pronounce it "'ilarious" which I doubt. It's not just you on snapping at just now, it's all the birdbrains who say that and things like "an historic" pronouncing the 'h'.

/rant off.
2012-08-03 10:46:46 AM
1 votes:
SKIN IN THE GAME
2012-08-03 10:45:51 AM
1 votes:
The right wing loons will continue to support him. "I don't wanna pay no taxes, neither!!"
2012-08-03 10:42:29 AM
1 votes:

Boxcutta: How stupid is Harry Reid to double down on this stuff?

Now, when Mitt releases the returns


If that happens, then Reid is farking brilliant.
2012-08-03 10:41:28 AM
1 votes:

Cat Food Sandwiches: unexplained bacon: Cat Food Sandwiches: badhatharry: An IRS employee or McCain could be the source. More likely Reid is just a liar.

The damage is done and people are talking about this rather than the 8.3% unemployment. But believe me, when voting time comes the unemployed won't give a crap about Reid's lies.

but Romney says we need to cut taxes for the wealthy to make more jobs...shouldn't he be able to show us on his tax returns how fed taxes are holding him back.

unless it turns out he's paying next to nothing already...uh uh that might make his entire campaign look like it's a giant shiatstorm.

If you will be honest with yourself, you will admit you know that no one is asking for a tax cut for anyone. He just wants to keep the same rate we have had for 10 years.


Practically the only detail we know about Romney's tax plan is that he wants lower rates, i.e. tax cuts. So no, he doesn't want to keep the same rate we've had for 10 years.
2012-08-03 10:39:56 AM
1 votes:
Romney: Federal taxes are to high on the wealthy job creators like me and that's why we're not creating jobs

America: Ok, let's see just how much the Feds have been holding you back

Romney: No, you'll just make fun of me.
2012-08-03 10:38:26 AM
1 votes:

WombatControl: Oh look, a highly credible source gave me this super-secret memo:


TO: Official Obama Cheerleading Brigade
FROM: Obama For America
RE: Today's Marching Orders

This morning, the Bureau of Labor Statistics released the unemployment numbers for the month of July. While we were able to use statistical fudges to get the overal job growth number to 163,000 (a new "bikini graph" talking point update will be distributed shortly), the unemployment number rose to 8.3%. While we figure out why this was George W. Bush's fault, we need all of our loyal Cheerleaders to keep on working to distract the American people.

That means you need to milk Sen. Reid's tax accusations for a few more days until our crack Distractions Unit comes up with a new accusation against Mitt Romney. We've had one of our top CNN agents try to fan the flames for a little bit longer, but we need all of you to continually flog your approved Cheerleader Talking Points at least through the weekend.

Remember, our Cheerleading Squad is crucial to our efforts at districting the American electorate from the state of the economy so that Barack Obama can spent at least another four years in the White House. So keep up the blogging, make sure that you forward all the Daily Kos and TPM stories to your friends and posting them on Facebook, Twitter, and for the three of you on Google Plus you might as well do that too. Dear Leader President Obama is counting on your support!

P.S. While we appreciate the enthusiasm for emulating the President, we would like to remind our Cheerleaders that a "hot dog roast" should only involve processed meat products, and not real dogs.


Wait, you say, that "memo" is a total fake with no basis in reality! Well, prove that it's fake then!


I could tell it was fake because it didn't ask for 3$ for a chance win lunch with Barry and Michelle. Also, it didn't try to pretend we were on a first name basis even though we've never met.

3/10. would flag as spam.
2012-08-03 10:37:03 AM
1 votes:

unexplained bacon: Cat Food Sandwiches: badhatharry: An IRS employee or McCain could be the source. More likely Reid is just a liar.

The damage is done and people are talking about this rather than the 8.3% unemployment. But believe me, when voting time comes the unemployed won't give a crap about Reid's lies.

but Romney says we need to cut taxes for the wealthy to make more jobs...shouldn't he be able to show us on his tax returns how fed taxes are holding him back.

unless it turns out he's paying next to nothing already...uh uh that might make his entire campaign look like it's a giant shiatstorm.


If you will be honest with yourself, you will admit you know that no one is asking for a tax cut for anyone. He just wants to keep the same rate we have had for 10 years.
2012-08-03 10:35:58 AM
1 votes:

insano: I don't give the Romney campaign a lot of credit, but this could be a smart ploy to undermine the democrats' tax argument if and when Romney releases his tax returns. For instance, if Romney paid very little in taxes, that will look bad for him. But if he can plant a source spreading the rumor that he paid zero taxes and if key democratic people run with this idea (and cnn keeps reporting wishy-washy articles like this one), then when he actually does release his tax returns he gets to say "see! I paid taxes just like everyone else. The democrats have been saying all along that I paid zero taxes which is clearly untrue." The fact that he paid egregiously low taxes compared to everyone else will be mitigated by the fact that the democrats were caught speculating. It wont completely cure Romney of the tax return issue but at least it wont be quite as devastating a blow to his campaign.


No, all Obama has to do is run an ad saying "Mitt Romney paid 3% in taxes. You paid 25%. Now Mitt Romney wants to raise your taxes so that he can cut his even further. Don't you think Romney and his fat-cat friends should be paying their fair share?"
2012-08-03 10:31:44 AM
1 votes:
No matter how much bluster or phoney umbrage the right musters, the inescapable fact is that all Romney has to do is release his tax info to make these questions go away.
2012-08-03 10:29:07 AM
1 votes:

sprawl15: Corvus: And now Romney is on record saying it is untrue.

I was under the impression that he didn't so much say it was untrue as say "I paid exactly what I was supposed to pay!"


No, he said it was a lie, completely untrue then hypothesized that the information came from the White House. To me, that last bit is funny. The executive branch runs the Treasury and, of course, the Treasury knows how much Romney paid. So, if that infomation that Romney paid zero taxes came from the White House, it may well be true.
2012-08-03 10:29:00 AM
1 votes:
It's hilarious seeing the spin coming from the "Why doesn't Obama just release it" crowd. They all claimed if he just released it they'd be satisfied and he must be hiding something awful, blah blah. Now all Romney has to do is release his documents, the same as everyone for the past 40 years has done, and he's stonewalling.
2012-08-03 10:28:45 AM
1 votes:

cman: Romney should release them no doubt. That is the standard set by our Presidential candidates Mitt Romney's father dating back for a long time.


FTFY.

We should keep reminding ourselves -- and everybody in earshot -- that the first person to set this bar was Romney's own father.
2012-08-03 10:28:29 AM
1 votes:

randomjsa: "People are stupid. They will believe anything either because they want it to be true or they are afraid that it might be true."

So basically the IRS hasn't ruined Romney's life by now... because? Go on, tell us.

Romney released one year of tax returns and the results have been an unprecedented campaign of distortion and lies from liberals about it. He's going to release this years tax returns, and the results will be another campaign of distortions and lies from liberals. I'm terribly sorry if Romney isn't given you material to distort and lie about because you sure as hell can't run on Obama's record.



hey, he says federal taxes are holding back jobs. I'd like to see just how incumbered by federal taxes a wealthy job creator like Romney is.

Romney and the GOP are making the argument that the wealthy need a tax cut, the least Romney could do is show us what he's paying. You and I both know if he releases them and it turns out that he's paying little to nothing in fed taxes this 'tax cuts for job creators' myth is going to take a big hit, and frankly that's been the GOP mantra for quite a while...sorta unravels the whole clothe the GOP has made.

if this bothers you you're really going to hate the next couple of months.

/it matters, get used to it.
2012-08-03 10:24:47 AM
1 votes:

Corvus: What would be hilarious is democrats in congress to put up a bill where anyone running for US president must show 10 years of tax returns AND their official birth certificate. Put republucans in a situation where they would look bad voting either way.


I like this idea.
2012-08-03 10:22:07 AM
1 votes:

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

"Roads?"

"Nope"

"Bridges"

"Nope"



'LEMONES HUMECT BONUS'? 'People called Lemones, they wet, the good'?
2012-08-03 10:20:53 AM
1 votes:

ramblinwreck: bootman: This is the most delicious dirty pool in so many ways.

Why is Sen. Reid leaking this?
Because Sen. Reid is LDS.
Most likely Sen. Reid's source is LDS.
Gov. Romney is LDS.

So Gov. Romney gets dragged through the mud for the returns and the tight cabal that the LDS frequently operates their businesses in and Gov. Romney will have a harder time complaining that this is all anti-Mormon bigotry.

Mormons do often hold each other to a higher standard than non-LDS folks. That is apparent by the belief that only ex-LDS members will remain in Hell ("Outer Darkness") after final judgement.


I believe Bain then was also all Mormon.
2012-08-03 10:18:39 AM
1 votes:

ariseatex: I'm going to update what I said in the last thread.

The fact that both Harry Reid and Dana Bash (CNN congressional correspondent) cite their source about Romney's taxes as "very credible" suggests to me that the source is in John McCain's current or former staff, if not John McCain himself.

I wonder, though, if Reid's office put Dana Bash in contact with their source, which without disclosure of this by Dana Bash and/or CNN would frankly be shoddy journalism, as it's not that different from simply repeating a rumor as fact.


what CNN shoddy? no

I wouldn't hang my hat on this just yet, but the fact that Romney isn't releasing them tells me that at the very least a look at his taxes would show that he's paying a very low rate and he's not really creating any jobs. The tax cuts for job creators myth is what's at stake here I think.
2012-08-03 10:18:22 AM
1 votes:

bootman: This is the most delicious dirty pool in so many ways.

Why is Sen. Reid leaking this?
Because Sen. Reid is LDS.
Most likely Sen. Reid's source is LDS.
Gov. Romney is LDS.

So Gov. Romney gets dragged through the mud for the returns and the tight cabal that the LDS frequently operates their businesses in and Gov. Romney will have a harder time complaining that this is all anti-Mormon bigotry.


Mormons do often hold each other to a higher standard than non-LDS folks. That is apparent by the belief that only ex-LDS members will remain in Hell ("Outer Darkness") after final judgement.
2012-08-03 10:17:05 AM
1 votes:
Did Romney get away with releasing no returns during his time as Governor? How did that happen?
2012-08-03 10:14:08 AM
1 votes:
It's not too late, Republicans. You can still change your minds. You have 3 weeks
2012-08-03 10:14:03 AM
1 votes:

Dimensio: As I have stated previously: until President Obama releases his complete educational transcripts from kindergarten through college, admission applications for the same, his entire medical history, the entire medical history of his mother, the microfilm of his birth certificate and every passport that he has ever used ever, then requests for Mr. Romney's tax returns are not reasonable and hypocritical.


Obama could release his decoded Genome and many would still call for more bullshiat releases from him.

You wanted a birth certificate, he released it. No wait, you wanted the long form? Ok, he released it. Now you want to see the microfilm?

You cant please these people
2012-08-03 10:12:41 AM
1 votes:

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"
2012-08-03 10:12:39 AM
1 votes:

Kome: LordJiro: Corvus: OHHH OHHH!

Romney is farked if this story is true. Reid is one thing but a news source also saying it's true is going to make it 10 worse. And now Romney is on record saying it is untrue.

It's a nice trap. Romney can let the lie (if it is a lie) about him paying no taxes run rampant, OR he can release the tax returns. And he's made it clear that there's SOMETHING damaging in those returns...so either way, he's farked.

The 2008 McCain campaign have helped make that clear. If you look through his tax history and then say "Crap, we're going with Palin" you know there are skeletons in his closet that would make the Cryptkeeper do a double-take.


At this point, I wouldn't doubt if CNN's anonymous source is Steve Schmidt.
From what I've read, there was some bad blood between McCain and Romney during the 2008 primaries.
2012-08-03 10:12:36 AM
1 votes:

sprawl15: Corvus: And now Romney is on record saying it is untrue.

I was under the impression that he didn't so much say it was untrue as say "I paid exactly what I was supposed to pay!"


Someone illustrated this very nicely in another thread.

A normal person would probably say, "I didn't pay less than I was legally required to; if I had, that would be a problem."
Mitt Romney says, "I didn't pay more than I was legally required to; if I had, that would be a problem."
2012-08-03 10:11:38 AM
1 votes:

imontheinternet: Her anonymous "credible source" confirmed that some guy is saying that Romney paid 0 taxes. This is a bullshiat non-story. When somebody is ready to go on the record in front of a camera, you've got a story, until then leave it alone.


As we all know, responsible reporters only report what's on record. That's why we knew the identity of Deep Throat from day 1.
2012-08-03 10:09:01 AM
1 votes:

LordJiro: Corvus: OHHH OHHH!

Romney is farked if this story is true. Reid is one thing but a news source also saying it's true is going to make it 10 worse. And now Romney is on record saying it is untrue.

It's a nice trap. Romney can let the lie (if it is a lie) about him paying no taxes run rampant, OR he can release the tax returns. And he's made it clear that there's SOMETHING damaging in those returns...so either way, he's farked.


The 2008 McCain campaign have helped make that clear. If you look through his tax history and then say "Crap, we're going with Palin" you know there are skeletons in his closet that would make the Cryptkeeper do a double-take.
2012-08-03 10:07:54 AM
1 votes:
As I have stated previously: until President Obama releases his complete educational transcripts from kindergarten through college, admission applications for the same, his entire medical history, the entire medical history of his mother, the microfilm of his birth certificate and every passport that he has ever used ever, then requests for Mr. Romney's tax returns are not reasonable and hypocritical.
2012-08-03 10:07:30 AM
1 votes:

cman: If he paid no taxes for the past decade then why did he release two tax records saying that he did?

Christ, Kos, I know you are highly partisan, but going up Birther avenue does not suit anyone


It's subby who says "the past decade", not Reid or Kos.

And he has not released two years of tax returns. Less than one, in fact.
2012-08-03 10:07:13 AM
1 votes:
This is looking worse and worse for Romney. He's obviously hiding something, and Obama is going to rake him over the coals for it. He's probably holding out till the RNC, so that they are stuck with him as the candidate no matter what his taxes say.
2012-08-03 10:06:30 AM
1 votes:

imontheinternet: dr_blasto: Still, I'd prefer to see something better than "my anonymous source confirms Reid's anonymous source's argument" articles.

Her anonymous "credible source" confirmed that some guy is saying that Romney paid 0 taxes. This is a bullshiat non-story. When somebody is ready to go on the record in front of a camera, you've got a story, until then leave it alone.

Fark, I hate modern tv journalism. At least when you read shiat like this on a blog, you know it's sketchy. The tv reporters still pretend to do the news.


You're right. Watergate was a NON STORY. Nixon was farking ROBBED.
2012-08-03 10:05:46 AM
1 votes:

Corvus: OHHH OHHH!

Romney is farked if this story is true. Reid is one thing but a news source also saying it's true is going to make it 10 worse. And now Romney is on record saying it is untrue.


It's a nice trap. Romney can let the lie (if it is a lie) about him paying no taxes run rampant, OR he can release the tax returns. And he's made it clear that there's SOMETHING damaging in those returns...so either way, he's farked.
2012-08-03 10:05:25 AM
1 votes:

dr_blasto: Still, I'd prefer to see something better than "my anonymous source confirms Reid's anonymous source's argument" articles.


Her anonymous "credible source" confirmed that some guy is saying that Romney paid 0 taxes. This is a bullshiat non-story. When somebody is ready to go on the record in front of a camera, you've got a story, until then leave it alone.

Fark, I hate modern tv journalism. At least when you read shiat like this on a blog, you know it's sketchy. The tv reporters still pretend to do the news.
2012-08-03 10:02:15 AM
1 votes:

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.


Yes, Mitt Romney making millions and paying no income tax is exactly the same as people working minimum wage jobs and paying no income tax.
2012-08-03 10:02:04 AM
1 votes:

Imperialism: No, all Bash did was find the same source Reid did.


Without naming the source, she didn't confirm shiat.
2012-08-03 09:54:29 AM
1 votes:

cman: You are right, he cannot release the tax returns. That covers paper form, but he can orally report that Romney paid no taxes? That seems like a big giant privacy loophole


If he was actually using his authority as a senator somehow to access those records directly, yes, I am pretty sure that would be a felony. But that didn't happen.

He is simply repeating what he claims a former colleague of Romney told him.
2012-08-03 09:47:06 AM
1 votes:

cman: GAT_00: cman: GAT_00: cman: If he paid no taxes for the past decade then why did he release two tax records saying that he did?

Christ, Kos, I know you are highly partisan, but going up Birther avenue does not suit anyone

Reid's source is Bain related, and the years in question are supposed to be pre-2010.

Well, I know the son of a worker at McDonalds, and from what he tells me, Corporate is planning on buying back stock from investors.

/Anon sources need verification.
//This could be some strategy of Reid lying to force Romney to release his returns

It's exactly what it is, and Reid doesn't have the legal authority to release the returns. Romney does. He refused to release them, this is what you get.

Romney should release them no doubt. That is the standard set by our Presidential candidates dating back for a long time. I dont know about privacy laws concerning tax returns, but is it really ethical for someone to expose another person like this?


He's a Presidential candidate. Tax returns are unacceptable, but bashing Michele Obama 24/7 is fine? And there is no way Reid can legally release Romney's tax returns.
2012-08-03 09:35:33 AM
1 votes:

cman: GAT_00: cman: If he paid no taxes for the past decade then why did he release two tax records saying that he did?

Christ, Kos, I know you are highly partisan, but going up Birther avenue does not suit anyone

Reid's source is Bain related, and the years in question are supposed to be pre-2010.

Well, I know the son of a worker at McDonalds, and from what he tells me, Corporate is planning on buying back stock from investors.

/Anon sources need verification.
//This could be some strategy of Reid lying to force Romney to release his returns


It's exactly what it is, and Reid doesn't have the legal authority to release the returns. Romney does. He refused to release them, this is what you get.
2012-08-03 09:16:13 AM
1 votes:

GAT_00: cman: If he paid no taxes for the past decade then why did he release two tax records saying that he did?

Christ, Kos, I know you are highly partisan, but going up Birther avenue does not suit anyone

Reid's source is Bain related, and the years in question are supposed to be pre-2010.


Well, I know the son of a worker at McDonalds, and from what he tells me, Corporate is planning on buying back stock from investors.

/Anon sources need verification.
//This could be some strategy of Reid lying to force Romney to release his returns
2012-08-03 09:03:14 AM
1 votes:

FlashHarry: dr_blasto: 2010 tax was complete. The 2011 taxes weren't.

actually, according to this, his 2010 return is not complete, including documentation of his swiss accounts.


LOL. I guess his statements saying he's fulfilled the obligation to release current taxes is just about as accurate as every other statement he's made.
2012-08-03 08:11:39 AM
1 votes:

FishStampede:
Oh yeah, no doubt something shiatty is in his taxes and he really has a good reason not to want anyone to see it. I just think we shouldn't use arguments that could easily be turned around to raise taxes on the bottom half of the country.

I also think it's not far fetched that this could sink his campaign before it even gets out of the dock. I don't think they'll do a brokered convention, the GOP establishment is losing control but they haven't lost it yet and still are pretty canny. Instead, what I see happening (if he doesn't just crawl his way to November) is we'll start seeing a narrative of his wife's battle with MS becoming more prominent, then following the convention he will drop out to deal with her health issues and his VP will take over (with another VP already lined up). If the MS narrative starts coming up more often, and he chooses a charismatic dark horse VP like one of his former opponents from the primary, bet money he'll drop out before November.


I'm pretty sure nobody likes Romney's chances in this election. His taxes will make it even harder for a guy like him to connect and it is clear he's not a personable candidate in the first place. I would put the chances of him dropping out to near zero. He's running on piles of cash and ego, not policy, not charisma and not actual support. Those two things he has have taken him to the convention as the presumptive nominee. If he comes out of the convention as the nominee, he's in till election day.
2012-08-03 08:07:34 AM
1 votes:

dr_blasto: 2010 tax was complete. The 2011 taxes weren't.


actually, according to this, his 2010 return is not complete, including documentation of his swiss accounts.
2012-08-03 07:51:30 AM
1 votes:

FlashHarry: cman: If he paid no taxes for the past decade then why did he release two tax records saying that he did?

he only released 2010, and that was incomplete. i'm guessing they're referring to the decade prior to that.

though romney's been running since 2006, so i find this story highly dubious. even mittens isn't that dumb.


2010 tax was complete. The 2011 taxes weren't.
2012-08-03 07:49:50 AM
1 votes:

cman: If he paid no taxes for the past decade then why did he release two tax records saying that he did?


he only released 2010, and that was incomplete. i'm guessing they're referring to the decade prior to that.

though romney's been running since 2006, so i find this story highly dubious. even mittens isn't that dumb.
2012-08-03 07:43:43 AM
1 votes:
If he paid no taxes for the past decade then why did he release two tax records saying that he did?

Christ, Kos, I know you are highly partisan, but going up Birther avenue does not suit anyone
2012-08-03 07:11:51 AM
1 votes:

FlyingLizardOfDoom: DjangoStonereaver: FlyingLizardOfDoom: No sales tax, property tax, or thumb tacks?

/nice one, mittens

What are you, 12?

Wait, you mean he didnt pay taxes, or he didnt pay "taxes".

/there is a difference.


I'd attach a headslap GIF here, but I think your sloping brow would make such corrective action
ineffective.
 
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