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Why won't Mitt Romney make his tax returns public?
CSM ^ | 10/26/11 | David Grant

Posted on 10/26/2011 10:35:46 AM PDT by freespirited

Rick Perry wants Mitt Romney to cough up his form 1040s (that’s 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 won’t 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 Romney’s 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 Romney’s 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 Romney’s tax return would write the attack lines for him.

(Excerpt) Read more at csmonitor.com ...


TOPICS: Extended News; Politics/Elections
KEYWORDS: ineligibleromney; mexicanromney; mittromney; noaccountability; nohonesty; notransparency; notruth; noveritas; romney; romney4911mosque; romney4iag; romney4romney; romney4sharia; romney4soros; romneyaboveall; romneyainteligible; romneybehindskirts; romneydeception; romneyhiding; romneysecrets; romneyuntruths; taxreturns
He probably owns a lot of muni bonds and pays no interest on income from them.
1 posted on 10/26/2011 10:35:56 AM PDT by freespirited
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To: All
He probably owns a lot of muni bonds and pays no interest on income from them.

Oops, that should read he pays no TAXES on the income.

2 posted on 10/26/2011 10:37:46 AM PDT by freespirited (Stupid people are ruining America. --Herman Cain)
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To: freespirited

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.


3 posted on 10/26/2011 10:39:48 AM PDT by wolfman23601
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To: freespirited

Who cares.


4 posted on 10/26/2011 10:44:18 AM PDT by 4buttons
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To: wolfman23601

Romney should offer to reveal his tax returns in exchange for Obama’s college and law school transcripts


5 posted on 10/26/2011 10:44:50 AM PDT by ozdragon
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To: wolfman23601

Romney should offer to reveal his tax returns in exchange for Obama’s college and law school transcripts


6 posted on 10/26/2011 10:44:50 AM PDT by ozdragon
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To: freespirited

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.


7 posted on 10/26/2011 10:51:42 AM PDT by Ramius (personally, I give us... one chance in three. More tea?)
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To: Ramius
The buyers of the 911 Victory Mosque credit Mitt Romney.

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 it’s OK if his company can profit off the sale of the land ."

8 posted on 10/26/2011 10:58:24 AM PDT by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: wolfman23601

...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.

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!


9 posted on 10/26/2011 11:01:12 AM PDT by ngat
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To: wolfman23601
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.

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.

10 posted on 10/26/2011 11:05:24 AM PDT by Scoutmaster (You knew the job was dangerous when you took it, Fred.)
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To: Ramius

“I don’t think there’s 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?


11 posted on 10/26/2011 11:06:27 AM PDT by ngat
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To: freespirited
I tell you if a liberal group wants it he should release it as quickly as Barry released his birth certificate and other things.
12 posted on 10/26/2011 11:06:44 AM PDT by mk2000
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To: freespirited
Romney should cough up his birth certificate, educational records, etc., anything that might have a bearing on "qualifications" and ask for candidates from both parties to comply first.

That ought to shut them up.

13 posted on 10/26/2011 11:08:56 AM PDT by nonsporting
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To: 4buttons

“Who cares?”

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?


14 posted on 10/26/2011 11:13:13 AM PDT by ngat
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To: ngat

I’m sure he makes boatloads off his investments. Who cares? None of our business.


15 posted on 10/26/2011 11:20:51 AM PDT by wolfman23601
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To: wolfman23601

Given Romney’s connection to Soros via JET Blue,
Milt has much to hide, no?


16 posted on 10/26/2011 11:28:29 AM PDT by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: freespirited; greyfoxx39; colorcountry; Colofornian; Elsie; Godzilla; MHGinTN; narses; reaganaut; ..

Why won't Mitt Romney make his tax returns public?

Letting my mind wander a little ...

Might it be possible that the RINO's release would indicate a glaring exemption from the rules for earning godhead and thus cause dissension within the ranks of the faithful?

Many of you know far more about this problem than I ... what say you?

17 posted on 10/26/2011 11:29:21 AM PDT by Zakeet (If it ain't broke, the Wee Wee will fix it until it is)
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To: wolfman23601

No. That is ridiculous. Why do you think there are financial disclosure laws in the first place?


18 posted on 10/26/2011 11:32:45 AM PDT by ngat
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To: Diogenesis

His tax returns aren’t going to that kind of detail. Just raw numbers.


19 posted on 10/26/2011 11:33:03 AM PDT by wolfman23601
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To: wolfman23601

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.


20 posted on 10/26/2011 11:37:35 AM PDT by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: Zakeet

“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.


21 posted on 10/26/2011 11:40:24 AM PDT by ngat
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To: Diogenesis
So it’s OK if his company can profit off the sale of the land .

Sure. Why shouldn't it be OK for people to profit from the sale of land?

22 posted on 10/26/2011 12:05:50 PM PDT by Ramius (personally, I give us... one chance in three. More tea?)
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To: ngat

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.


23 posted on 10/26/2011 12:15:07 PM PDT by Ramius (personally, I give us... one chance in three. More tea?)
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To: freespirited

The CSM should be dogging Obama about unreleased information.


24 posted on 10/26/2011 12:27:58 PM PDT by Rudder (The Main Stream Media is Our Enemy---get used to it.)
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To: Zakeet

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.
_________________________________________

Oh NOOOOOOOOOOOOOOOOOOZ

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)


25 posted on 10/26/2011 12:43:26 PM PDT by Tennessee Nana
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To: Tennessee Nana; Zakeet
And a wild animal runs away with your shoes?
26 posted on 10/26/2011 1:10:44 PM PDT by Utah Binger (Southern Utah where INVITED Freepers will meet again next summer. Jim Robinson Too)
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To: ozdragon

I’d be up for that!!


27 posted on 10/26/2011 1:13:33 PM PDT by Osage Orange (Si Vis Pacem, Para Bellum)
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To: Ramius

“The actual details of everyone’s financial lives, if legal, are nobody else’s 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.


28 posted on 10/26/2011 1:22:22 PM PDT by ngat
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To: ngat

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.


29 posted on 10/26/2011 1:45:17 PM PDT by Ramius (personally, I give us... one chance in three. More tea?)
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30 posted on 10/26/2011 1:50:23 PM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: freespirited
PDF: Romney's disclosure form [inc. long list of his stock holdings including Fannie Mae and Freddie Mac] Romney pummels, profits from Fannie, Freddie

And for the Gardasil "innocent little girls" Crowd," Romney holds Stock in Merck & Co.

31 posted on 10/27/2011 4:17:14 AM PDT by Cincinatus' Wife
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To: Zakeet
It is possible that you are on to something here. If Mitt Romney is given a temple recommend despite not being qualified for failing to fully tithe, it will be embarassing to someone.

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?

32 posted on 10/27/2011 11:53:57 AM PDT by CommerceComet (Governor Romney, why would any conservative vote for the author of the beta version of ObamaCare?)
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To: freespirited
I don't care who the candidate is, I'm sorry showing tax returns ever became part of the political fabric.

It's no one's damn business what anyone else makes or pays in a free society.

33 posted on 10/27/2011 11:56:28 AM PDT by Glenn (iamtheresistance.org)
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To: CommerceComet; Zakeet

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
family name
political ambitions
proximity to the “white horse throne”

He doesnt have to cough up errr give the required 10% plus that the 99 percenters do...

Hmmmmmmmmmmmm

An OTS might be needful

Occupy Temple Square...


34 posted on 10/27/2011 1:55:01 PM PDT by Tennessee Nana (If we give Sandy a ladder will she preach from the temple roof)
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To: Diogenesis; Zakeet

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%?


35 posted on 10/27/2011 3:23:19 PM PDT by greyfoxx39 (If other churches were dead dunking mormons to save them mormons would be furious.)
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To: freespirited

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?


36 posted on 10/27/2011 3:28:14 PM PDT by Gaffer
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To: ngat; wolfman23601
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!

NO visible means of support. Hmm... (No wonder he had to put his dog on his station wagon roof during a vacation)

37 posted on 10/27/2011 11:07:55 PM PDT by Colofornian (Mitt 'straight'-armed the Utah 'Scouts in the Olympics)
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To: freespirited; greyfoxx39; CommerceComet; Tennessee Nana

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)


38 posted on 10/27/2011 11:11:20 PM PDT by Colofornian (Mitt 'straight'-armed the Utah 'Scouts in the Olympics)
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To: Colofornian

“... no visible means of support.”

Oh, I forgot...he’s been drawing social security for a few years now.


39 posted on 10/28/2011 5:43:40 AM PDT by ngat
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To: freespirited

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.


40 posted on 12/26/2011 8:50:37 AM PST by katiedidit1 ("This is one race of people for whom psychoanalysis is of no use whatsoever." the Irish)
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To: Diogenesis

Bain!!!!!!!!!! the other candidates are releasing theirs...Romney is hiding something. No doubt about it.


41 posted on 12/26/2011 8:52:36 AM PST by katiedidit1 ("This is one race of people for whom psychoanalysis is of no use whatsoever." the Irish)
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