Skip to comments.Romney should NEVER show more tax returns not even in a “My transcripts for your returns” deal
Posted on 08/04/2012 10:43:06 AM PDT by jmaroneps37
The amoral Democrats led by the crooked Harry Reid have demanded Mitt Romney release his tax returns.
Reid is claiming a secret caller ( as if he would EVER come to the phone for an unidentified and unknown person) told him he/she had absolute knowledge that while Romney was at Bain Capital he failed to pay his taxes for ten years.
Aside from the fact that this charge is coming from a group of proved liars and thieves, its ridiculous in its face.
The history of how the IRS has handled high profile tax evaders makes it impossible for Romney to have revaded federal income taxes for ten years during his time at Bain which ended thirteen years ago.
Over the recent past the IRS has prosecuted and jailed some very high profile Americans without regard for their station in life. They sent Richard Hatch the naked Gay Guy from Survivor to prison for not paying his federal taxes and they didnt wait 13 years to do so.
Wesley Snipes is currently in prison for failing to file his returns and they caught up to him in seven years. The IRS sent Al Capone to federal prison for income tax evasion in 1931 proving he had failed to pay his taxes just six to two years before his arrest.
The point here is that the IRS doesnt treading easy on big fish so Reids charge is demonstrably false. Mitt Romney should never ever consider following the idiotic advice from fools like the naive bunch of rubes at the National Review and the treacherous simpletons at the New Hampshire Union Leader.
There is nothing but down side to Romneys releasing his back tax returns...
(Excerpt) Read more at coachisright.com ...
Makes a good point. You’ve got to believe that if Romney hadn’t paid his taxes for 10 years as the creepy little bastard has alleged, don’t you think the IRS would have been all over Romney like stink on a cowpie by now? Dingy Harry Reid is a liar.
THIS ENTIRE CAMPAIGN IS ABOUT DEFENDING ROMNEY,
THE author of Death Panels, ObamaCARE, etc. etc. etc..
Don’t worry he won’t. They know what the Dems are up to. It will be a fishing expedition, and every week will be a new “scandal” right up through the election.
It is funny to see the media that mocked those who wanted to see Obama’s birth certificate for 4 years now all of sudden claiming guilt for not releasing. The bias is mind blowing.
Hannity has a guest on during the week and they explained that this is what Obama/Axelrod has done his whole political career - dig up dirt (divorces records, taxes, etc) to basically disqualify his opponent and clear the field.
He’s a fool. Should have done it a year ago.
I’m still trying to figure out what is ‘missing’.
He released 23 years of tax returns in 2008 when he was being vetted as a possible VP candidate.
His website has the 2010 and 2011 returns.
That leaves a year or two not there possibly.
reid’s secret source is obama’s campaign
Romney should produce a set of photoshopped tax returns that show him paying over 90% rate.
Let the liberals dispute that.
Athough highly technical, the tax laws allow companies and big investors (who are, after all, corporations) to carry losses back three years and forward seven years. 7+3=10.
All Mitt needs to have done is to have suffered very heavy losses in 2007/2008, and he could well have carried enough loss backwards to wipe out his tax obligations for 2005, 2006 and 2007, and then for 2008, 2009, 2010, 2011, and the current year 2012 (for which he'd be paying quarterly taxes).
This is all legal, but it's complex, and probably not all his losses are recoverable so it's possible we'd see this as just a dimunition of his total tax burden, and a reduction in his rates of taxation in any given year.
Private individuals can also carry back a certain amount of investment/business losses, and carry some forward.
In most cases most wage earners with small personal but taxable investments would likely find those loses to be less than their total income so they'd end up paying rates fairly representative of their ordinary tax bracket.
So, how does Harry lie in this? Well, if we grant that he's got the 10 years correct ~ which involves dealing with some very substantial losses ~ he's wrong in saying Mitt paid no taxes. I've spent a bit of time going over the parts of that element of tax law and it doesn't seem to me that Mitt could entirely escape taxation ~ after all, he does have a life separate and apart from his business ~ ...............??????????????????
Bet Michelle Bachmann knows. Will she be his VP candidate? Only the Tax Code knows.
Ya better let them see the dirt under your fingernails..Every bit of it, regardless of what the last corrupt president did or did not do.
Enough of these bull sh*t little political games.
Lets see Harry the Godfather Reids tax returns for the last 50 years.
Let him explain all those crooked land deals he made and all the payoffs he got from the Mob.
He's since published a broadside on his 2010 return, and a preliminary estimation on 2011. 2012 is, of course, a work in progress, as was 2008.
What you have to do is look at the first 3 years, and then the next 7 years, and you'd see he did not publish his returns for the years he probably suffered intense losses ~ just like the rest of us ~ to wit; 2007 and 2008!
Note, folks with 401(k) accounts probably noted the losses but they didn't have to pay taxes on them anyway!
If Romney followed the law and took every deduction available he got several million bucks back from the US Government for taxes paid in 2004, 2005 and 2006, and claimed some losses in 2007, 2008, 2009, 2010, 2011, and is going to claim some losses 2012 and 2013.
HIs problem consists of large dollar value REFUNDS and non payment of taxes at a high rate during periods when millions were losing their homes and retirement savings.
Although what he did was lawful, it will not set well ~ which is why he doesn't want to let you know about it.
The fault is in the tax code.
This is something that can easily be put to rest simply by releasing the returns. If there is something legal he did that is complicated to explain... well, explain it, and after a week or two it’s a dead story and won’t even matter in the general election. Dick Morris calls this “inoculation,” getting something “negative” out of the way early on. Instead, Mittens is keeping this alive and putting a shadow of “hiding something” over it. I suppose, however, that this itself has its own strategic value. Better to talk about stuff that is basically unimportant than to talk about issues in which he agrees with Obama with. Have any of you seen any Romney ads as of late talking about ObamaCare??
Reid’s secret source is his imagination!
Then, Obama forgot to tell us he lied about all his origins and life's experiences ~ he has no shame ~ so he'll just shuck and jive off the stage.
Now we got a rich guy who is having some trouble getting through a needle ~ well just darn. This could have been predicted.
That was only to McCain's people. And McCain didn't select him (or perhaps he wisely refused McCain, not wanting to go down with a loser). So, those 23 years of returns don't really prove anything one way or the other.
McCain's say-so that there was nothing disqualifying in those returns is not going to make the controversy go away. Actually releasing those returns would obviously end the controversy. But it would also give the Donks and the MSM a long list of trivial diversionary talking points, starting with the magnitude of the numbers and extending to who knows what else.
You are correct regarding the complexity. I can’t even imagine the level of complexity of a return for someone like him.
Not to mention, you would need to scrub them to black out private information such as dependent social security numbers, bank account numbers, private addresses, etc.
MY response would be -
“What does the law require? I am a law abiding citizen and will do all that the law requires and only what the law requires.”
“When you release your tax returns, I’ll consider changing my mind - but most likely, I will not.”
Secret caller to us but not to him...
He has connections to Willards records...
It may have been what we might conseider unethical
but it also may not have been criminal...
It could be Willard knows who told Harry...
Hes more upset about the exposure than act...
Romney should show his tax return in exchange for Bambi’s BC, school records, travel documents to Pakistan, etc.
If Romney is vetted, so should 0.
It might be complex for you, but it's not complex for professionals..
Ya see there are tax experts who do this kind of thing for a living, everyday, and if there are obvious discrepancies they'll be noted in record time.
This isn't rocket science.
"I'll see your ten years of tax returns and raise you all of our college transcripts, passport applications, and selective service records. Otherwise, stuff it."
I wouldn't be surprised if the Washington Post may ask their readers to examine the returns they way they asked them to examine Palin’s emails. It's all about a fishing expedition for a scandal whether it exists or not, courtesy of the MSM Obama droolers.
Romney should tell the dirty fifthy scum sucking dog Harry Reid that if he releases his tax returns and prove Reid is a lying POS he must resign immediately ....
but it certainly looks like he’s hiding something by not releasing his returns.
Exactly, if he’s clean he has nothing to lose by releasing his returns. If he’s clean he has nothing to gain by holding back. It appears that one of the things the elites like is dirty candidates that can be controlled.
I don't think so; I think he's just saying personal intrusiveness goes no further.
I remember back during the Bush campaign when they asked him if he had done cocaine. He refused to answer and many assumed he had. But, in fact, he had decided that he they had done enough personal dirt-digging and it was time to stop answering questions. Finally saying "no" is the only way to stop them going down a road that is going nowhere.
If Mitt had this kind of dirt, the MA democrat or the GOP opposition candidates would have unearthed it years ago.
He shouldn’t release any more returns than required because if any of his accountants made even a $10 mistake it will be in bold headlines in all the MSM media. This is what they are hoping for. We are dealing with Chicago tactics folks. These Clintonian tactics include trying to find anything to smear your opponent. Romney is smart not to play their game.
So, what does Mitt really think about his money ~ just how bad does he want to be President, or is he planning to lose.
obama’s transcripts will never see the light of day. * UNLESS * some college office worker had the foresight to copy them thinking if obama won it may be worth something down the road, as a collectable or something. If someone advertised five million tax-free dollars and guarantee of anonymity for a copy, one may suddenly appear. Other than that....it will never happen.
The law allows the President to review your tax records and my tax records. I’d like to review his.
Romney will drop out of the POTUS race before the 24th of August.
—George HEW Bush
It is quite conceivable that Romney could have paid zero taxes - LEGALLY - for a period of years - if he had suffered a major capital loss. That is because Romney’s income is almost entirely composed of capital gains and not income. Large carry-forward and carry-back losses can wipe out years of relatively small profits in passive investments, if the loss was significant enough from an aggressive investment.
Red herring. Bill Clinton served two full terms, and his impeachment wasn’t based on failure to disclose anything about his pre-presidential actions. If Obama goes, it won’t be due to lying about his background, it’ll be about his performance.
If hes clean he has nothing to gain by holding back.
He has a lot to lose by releasing without first demanding Obama’s records be unsealed.
The dems will try to tear his tax records apart and make very simple claims of fraud, evasion etc. Can you imagine how difficult it will be to explain one item targeted by the dems in such a complicated filing?
Dems would make one simple charge after another
Mitt would spend his entire time left before the vote trying to explain to voters, a large percentage who would not understand the a complicated answer but might only remember the dem accusation.
He shouldn’t release. He has everything to lose and little to gain.
If hes clean he has nothing to gain by holding back
He has a lot to lose by releasing. If he releases the time and energy he’d have to expend defending would be 100 times that of a simple charge made by the MSM or the dems.
Problem is: he’d spend the rest of his time before the vote on the defensive even is he is completely squeaky clean. Dems would throw charge after charge at him and take the spotlight off of their huge failure. distraction is their game. Don’t play, Mitt.
I say he should pull an Obama and simply say no. He’s followed the law and that’s all that’s necessary.
We saw what the RATs and their media lapdogs did with the “When-did-Romney-leave-Bain?” non-issue. They were able to keep a false premise at the forefront of political discussion for several weeks, even though the phoney charges were refuted constantly.
The Tax Code is complicated and not understood by many outside of tax lawyers and CPA’s. A ‘bumper-sticker’ negative charge by a RAT could take pages to explain, not that the RATs would be listening, they’d be moving on to their next lie as they always do.
We must remember, Lies and an ignorant electorate are RATs’ most important tools. To Marxists the ends justify the means. There is no honesty.
I say he should pull an Obama and simply say no. Hes followed the law and thats all thats necessary.
True, it’s his call, but there is a cost to him either way.
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