Skip to comments.Why won't Mitt Romney make his tax returns public?
Posted on 10/26/2011 10:35:46 AM PDT by freespirited
Rick Perry wants Mitt Romney to cough up his form 1040s (thats the US individual tax return document). The Romney camp demurred, saying they would consider doing so next year. (Remarkably, Romney has NEVER released, even during his governorship of Massachusetts.)
Why wont Romney do it? Speculation, from liberal group ThinkProgress and others, is that Romney pays a way lower tax rate than many Americans because of his extensive financial investments, from which income is typically taxed below that of regular income. One left-leaning analyst speculates Romney paid an effective tax rate as low as 14 percent on his $6.6 million to $40 million in income. (The range is so wide because of the imprecise nature of Romneys very limited disclosures.)
To put that in perspective: In 2011, a married couple filing together would have to make under $69,000 to have their top tax rate be 15 percent. Uber-rich Warren Buffett says he pays 17 percent in taxes....
if predictions about Mitt Romneys tax situation are true, he would have to go in front of ordinary Americans at every debate, town hall and rope line saying he was looking out for their interests while paying a vastly lower amount of his substantial wealth in taxes.
Perry - who paid 23.4 percent of his 2010 income of a bit north of $200,000 to the federal government - is no doubt hoping Romneys tax return would write the attack lines for him.
(Excerpt) Read more at csmonitor.com ...
Oops, that should read he pays no TAXES on the income.
I’m no fan of Romney, but he has been a private citizen for 6 years. Why SHOULD he make his tax returns public? That might be the dumbest thing I’ve ever heard.
Romney should offer to reveal his tax returns in exchange for Obama’s college and law school transcripts
Romney should offer to reveal his tax returns in exchange for Obama’s college and law school transcripts
I don’t think there’s any reason for a candidate to reveal their personal financial records, unless there is evidence of something illegal. I’d settle for vetting each candidate by an independent accountant, who then writes an opinion about the propriety of their taxes, and that’s it. The actual numbers are really nobody else’s business.
Perhaps Milt took a deduction and is hiding it?
"(The GroundZero Mosque) cleared its final hurdle
developers plan to build the $100 million center which will include a mosque.
Since its incipient stages in July 2009, when a Muslim-run real-estate development
company purchased the damaged, vacant building and land where the new center
will be built, the project has sparked controversy and debate.
.... the tattered building that was bought by the Muslim real estate company had
been owned by a subsidiary of Bain Capital, a company Romney founded in 1984.
So its OK if his company can profit off the sale of the land ."
...he has been a private citizen for 6 years. Why SHOULD he make his tax returns public? That might be the dumbest thing Ive ever heard.
Mitt Romney has been running for public office for 6 years. In the mean time he has had no visible means of support. So how does he do it? Inquiring minds want to know!
I may be grossly mistaken, but I believe it's standard operating procedure for Presidential candidates to release their tax returns. It's not required; it's just done.
That's how we know that Al Gore barely made any charitable contributions, or that Bill Clinton took charitable deductions for donated used underwear and running shoes. I don't know that all candidates at this stage release theirs, but Obama releases his and you can bet a refusal by Romney to release his if he is the Republican nominee (I just threw up a little in my mouth) will be seized upon by the Obama camp.
And the media will jump on it - even though they don't care that Bill Clinton wouldn't release his medical reports, or that Obama won't release his college and law school transcripts.
They will make it look as if Romney has something to hide.
“I dont think theres any reason for a candidate to reveal their personal financial records,”
In this day and age where all our candidates are career politicians who have been milking the crony-socialist system from the day they graduated law school, you see no reason for them to show how they became the government-made millionaires they are?
That ought to shut them up.
Anybody who is interested in seeing that the republican party does not run a sure loser against the democrats in 2012. You don’t think this isn’t an issue that the opposition is holding back to drop like a bomb at the appropriate time?
I’m sure he makes boatloads off his investments. Who cares? None of our business.
Given Romney’s connection to Soros via JET Blue,
Milt has much to hide, no?
Why won't Mitt Romney make his tax returns public?
Letting my mind wander a little ...
Many of you know far more about this problem than I ... what say you?
No. That is ridiculous. Why do you think there are financial disclosure laws in the first place?
His tax returns aren’t going to that kind of detail. Just raw numbers.
There are on his returns (if the Romney returns are truthful)
his payment to the illegal aliens,
and the payments for the fake badges where he was
caught in 2 states directing his Team
to impersonate LEO,
and his received payments from IAG and
the 911 Victory Mosque via Bain.
There is a LOT for Bishop Romney to hide.
“What say you?”
I say that’s one I hadn’t even thought of!
All I know is any gazillionaire lawyer-politician pushing 70 has a lot to hide, and there’s no way he can win the general election in this political an economic climate.
Sure. Why shouldn't it be OK for people to profit from the sale of land?
I said they should be reviewed by an independent auditor, and an opinion rendered regarding the completeness and legality of their taxes. The actual details of everyone’s financial lives, if legal, are nobody else’s business.
Likewise, a candidate’s medical history should be private, excepting that each candidate should get a report by an independent physician, with that doctor’s opinion about their fitness for office. If there are any specific concerns (like Cheney had with his heart condition) it is OK to discuss that, but the whole details of the whole medical history are nobody else’s business.
The CSM should be dogging Obama about unreleased information.
We know that there have long been rumors of dual standards concerning compliance with the Word of Wisdom, the Witness, and the Law of Tithing for prominent LDS members ... one set of rules for the Chiefs and another for the Indians if you will.
are you saying that fat cat rich boy MULTIMILLIONAIRE bishop Williard Mitt Romney DOESNT have to pay 10% of his income like we little poor working schmo Mos do ???
and me with my house under water and my husband laid off and my son on drugs errr ill and my daughter ran away with the bishop err the circus and another son in prison for scamming the saints errr away at college and another daughter has a girlfriend err good friend and me totally out of Prozac ???
Oh why thats thats just...
Oh well that might be wrong but somehow Im sure its OK...
MormonDudee(MormonDudes lil sis(Follow the profit and you cant go right errr wrong)
I’d be up for that!!
“The actual details of everyones financial lives, if legal, are nobody elses business.”
The Federal income tax return does not necessarily provide all the actual details of everyone’s financial lives.
What makes you think the democrat opposition does not already have Mitt’s tax returns and the details of his financial life, ready to use it to destroy any chance we have of dislodging the democrats from the executive branch?
Medical records are not a part of our discussion. You just put that there to distract from the point.
I suppose the opposition does have stuff like that. That doesn’t make it right.
And no, I put it in there to draw a comparison about personal information.
And for the Gardasil "innocent little girls" Crowd," Romney holds Stock in Merck & Co.
I'm not Mormon so I don't know how the temple recommend process works precisely. Is the candidate just asked if he is a full tither or does he have to provide documentation? If the candidate is just asked and Romney isn't qualified for the privileges he received, then two possibilities jump to the forefront. One, Mitt was not truthful in his response. Two, Mitt was truthful and the LDS "Church" or its representative bent the rules for Mitt. Either way it is embarassing for Mitt. In the former case, it just another example of his problem with the truth. In the latter case, Mitt is going to have a hard time convincing people that he didn't know that he was receiving favored treatment.
Wouldn't it be ironic if the legalism of the LDS "Church" undermined the candidancy of its first serious Presidential candidate?
It's no one's damn business what anyone else makes or pays in a free society.
Yes the Mormon hierarchy is very much like the OWS
These rules for thee but not for me
While the common peons in Mormonism have to be taxed errr pay union dues errr pay club dues errr tithe 10% to buy their way into the mormon after life errr prove their worthiness or something...
The top 1% of Club Mormonism members get great beenies like free housing, free meals, free trips, free travel, etc and discounted or no yearly dues, temple recommends with no interview...
If bishop Romney has too show his tax returns the “faithful” will get to see that because of his
“royal” Mormon family
proximity to the “white horse throne”
He doesnt have to cough up errr give the required 10% plus that the 99 percenters do...
An OTS might be needful
Occupy Temple Square...
I’m quite sure that Mitt is taking the charitable deduction on his income tax...he probably doesn’t want anyone to know of the hundreds of thousands of dollars that are going into mormon church coffers....or perhaps he isn’t paying the required 10%?
As much as I abhor Mitt Romney, this “release your income tax records” stuff is a nuisance that detracts from platforms, open examination of leglislative records, and intentions for the new position from being front and center.
The only thing I want to know is if he’s current on his taxes. There are literally DOZENS of MILLIONS of Americans that do not pay any income taxes at all. Should we call for their records too?
NO visible means of support. Hmm... (No wonder he had to put his dog on his station wagon roof during a vacation)
I’m sure it ranges from some BIG things — like 10% going into the coffers of the Mormon church...to SMALL things...
(Who knows? Mitt probably gets a “bonus” as a Marriott Board of Director for each porn movie rental purchased by guests...wants to avoid disclosing “other Marriott income” beyond the annual $25,000 & stocks from the porn-industrious Marriott)
“... no visible means of support.”
Oh, I forgot...he’s been drawing social security for a few years now.
Highly unusal for a presidential candidate NOT to release his tax returns. Americans deserve to know where the potential commander in chief makes his money. Everyone sure wants to know about Newts income...Romney is hiding something.
Serving as president is not the equivalent of working at Walmart...he is representing every citizen in this nation...should lay all his cards on the table. I am sick of Mittens getting a free pass.
Bain!!!!!!!!!! the other candidates are releasing theirs...Romney is hiding something. No doubt about it.