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2012-09-22 -Election 2012

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Posted by Bobby 2012-09-22 08:28|| || Front Page|| [11128 views ] Top

#1 Romney did that by not taking full advantage of his charitable deductions.

It's called audit-proofing. I guarantee Romney's tax returns have been audited by the IRS at least once. An agent walks in and may find something - you respond with deductions and writeoffs you didn't put on the tax return. Stalemate. I don't have the stats right in front of me but seven figure AGI's are audited about 10 percent of the time by the IRS; the Mass. DOR's probably been on his ass more than that.

Posted by Raj 2012-09-22 10:09|| 2012-09-22 10:09|| Front Page Top

#2 Smart on Romney's part. Probably has a good accountant/tax adviser. Any sensible person would do the same.

Posted by JohnQC 2012-09-22 10:41|| 2012-09-22 10:41|| Front Page Top

#3 Romney didn't take full tax advantage of deductions because he'd pledged to keep his taxes at 13.something %. He'd have been way below that if he'd taken them all.

And yes, he's no doubt audited often. But PriceWaterhouseCooper is a heavy hitter in the tax accounting arena. I doubt the IRS finds anything, and I don't think the Dems thinks so either.

What they want is to paint a horrible picture with people who don't stop to think about issues like, "why is it good for us all if the wealthy invest their after-tax earnings, and pay lower rates on the resulting new earnings?".

Posted by lotp 2012-09-22 13:58|| 2012-09-22 13:58|| Front Page Top

#4 What they want is to paint a horrible picture with people who don't stop to think about issues

Just appealing to natural tendency to envy and hate these who're doing better then us.

Posted by g(r)omgoru 2012-09-22 14:16|| 2012-09-22 14:16|| Front Page Top

#5 so what tact does alleged Pederast Harry Reid take now? OH! "he's hiding something! He's hiding something!"

How about you release yours, Harry, to show how a bureaucrat politician can become a multi-millionaire? Also, please prove that the Pederast allegations aren't true?

Posted by Frank G 2012-09-22 14:22|| 2012-09-22 14:22|| Front Page Top

#6 Harry, how about those sweet land deals you got? Hillary still hasn't explained her sweet deals where she made a lot of money in questionable deals such Porkbelly Gate and Whitewater Gate. What is it with you guys and gals(?).

Posted by JohnQC 2012-09-22 14:52|| 2012-09-22 14:52|| Front Page Top

#7 I have never seen the media so excited about a politician with legal tax returns.

Sincerely,
Timothy Geitner

Posted by Airandee 2012-09-22 15:29|| 2012-09-22 15:29|| Front Page Top

#8 Keep humping that chicken MFM and pretty soon you'll be able to use the wishbone.

Posted by Jack is Back! 2012-09-22 15:39|| 2012-09-22 15:39|| Front Page Top

#9 Harry, how about those sweet land deals you got?

Not to mention Nancy Pelosi and her ties to the Hunter's Point land deal.

Posted by Pappy 2012-09-22 20:08|| 2012-09-22 20:08|| Front Page Top

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