How Many Would Like To See Mitt Romney's Tax Returns?

[canndo]

In addition to the fact that Obama spent millions of dollars making sure those records were sealed... Unlike most of our past presidents.

Bush went to great lengths to not only seal his records but those of his father's and Clintons - and, Obama's for that matter (the exec order extends into the future). So I really don't know what you are talking about.

 

[desert dude]

Bush went to great lengths to not only seal his records but those of his father's and Clintons - and, Obama's for that matter (the exec order extends into the future). So I really don't know what you are talking about.

I am talking about Obama's college records, not his personal papers while president.

I think we will learn a great deal more by examining Obama's college records than we will by examining Mitt's tax returns.

 

[canndo]

I am talking about Obama's college records, not his personal papers while president.

I think we will learn a great deal more by examining Obama's college records than we will by examining Mitt's tax returns.

While I don't agree that we could learn more, I believe we might be able to learn some. The worst case is that we find from Obama that what? He was a foreign aid student? or might we find that he got all Fs.

In Romney's case we might find that he was given amnesty, we might find that he didn't pay any taxes. Now what revelation do you believe would be more damning?

 

[desert dude]

I don't think I would be able to determine for myself if he had made any mistakes or hovered over the grey area too long - I'm not that good at returns.


I also don't think that he has anything legal to hide, the other guys are saying the same thing,

That doesn't mean he has nothing to hide and that is where others are missing the point.

the guy shows he has a retirement account that has a hundred million dollars in it - someone explain how that is possible?

the guy paid 14.9 percent in the year he offered, I suspect he paid less in other years. I suspect that in at least a few he achieved his "personal best" of paying NO taxes.

It is also possible that he did run afoul of IRS law and was spanked, he may have made use of one of the many IRS amnesty programs, while that is ok for him, it wouldn't look good to the public.

I have made a great study of this man out of curiosity. I at first suspected he was a tax avoidance devote. Many people with the money to do so, will take great pains in order to reduce their tax burden. I have said that my father was one of them, forbidding my mother to work because it would raise his rates to the point where the housekeeper would cost more than my mother would bring home. "stay at home, clean the house - shop, lunch, take care of the kids, just don't earn any money".

But I now suspect Romney is not just a tax avoidance guy, I think he is a true miser. I happen to think being a miser is a sympton of hoarding and it is a character flaw, I do not think it is a flaw that should keep a person from being president.

"the guy shows he has a retirement account that has a hundred million dollars in it - someone explain how that is possible?"

Easy. Make $100M dollars and then save it till you are retired.


"I have said that my father was one of them, forbidding my mother to work because it would raise his rates to the point where the housekeeper would cost more than my mother would bring home. "stay at home, clean the house - shop, lunch, take care of the kids, just don't earn any money".

So, you are one of the multitude of upper class guilty white liberals... That explains a lot.


Using the tax laws to minimize your tax burden is not illegal, or immoral. I am sure you fill out your tax forms every year and pay the amount you calculate you owe. Do you pay a couple of thousand dollars extra just to be generous?

I would like to see Obama's college records. Would you?

 

[UncleBuck]

I am talking about Obama's college records, not his personal papers while president.

I think we will learn a great deal more by examining Obama's college records than we will by examining Mitt's tax returns.

race baiter takes a page from a race baiter. lol.

 

[canndo]

"the guy shows he has a retirement account that has a hundred million dollars in it - someone explain how that is possible?"

Easy. Make $100M dollars and then save it till you are retired.


"I have said that my father was one of them, forbidding my mother to work because it would raise his rates to the point where the housekeeper would cost more than my mother would bring home. "stay at home, clean the house - shop, lunch, take care of the kids, just don't earn any money".

So, you are one of the multitude of upper class guilty white liberals... That explains a lot.


Using the tax laws to minimize your tax burden is not illegal, or immoral. I am sure you fill out your tax forms every year and pay the amount you calculate you owe. Do you pay a couple of thousand dollars extra just to be generous?

I would like to see Obama's college records. Would you?

I don't know what the limit is on contributions to one's 401 or IRA but I know that no one could make that much money off of those limited funds in any traditional investments.


Now how do you arrive at my being guilty because my father avoided taxes by telling my mother not to go to work?

I didn't once say that minimizing tax burdens is illegal or immoral. I do not pay extra nor will I. I state the same thing I have already stated, that we are entitled to know what percentage of tax Romeny paid if he is running on a platform that involves fair tax policies.

I wouldn't mind seeing Obama's college records but not doing so will not affect my vote. Now, would you like to see Romney's tax returns? and how might that affect your vote?

 

[desert dude]

I don't know what the limit is on contributions to one's 401 or IRA but I know that no one could make that much money off of those limited funds in any traditional investments.


Now how do you arrive at my being guilty because my father avoided taxes by telling my mother not to go to work?

I didn't once say that minimizing tax burdens is illegal or immoral. I do not pay extra nor will I. I state the same thing I have already stated, that we are entitled to know what percentage of tax Romeny paid if he is running on a platform that involves fair tax policies.

I wouldn't mind seeing Obama's college records but not doing so will not affect my vote. Now, would you like to see Romney's tax returns? and how might that affect your vote?

You never said his $100M retirement account was tax deferred. You simply said he had $100M in a retirement account. I have savings in an ordinary account as well, although certainly not $100M.

Yes, I would like to see Romney's tax returns. If his tax returns reveal that he is a criminal I will refuse to vote for him. In fact, I already refuse to vote for him and urge everybody reading this to do likewise. Gary Johnson is the only candidate worthy of my (and your) vote.

 

[UncleBuck]

Gary Johnson is the only candidate worthy of my (and your) vote.

the self righteousness just oozes off of you. now you are the authority on who everybody else must vote for, because everybody else needs to share your value system.

 

[desert dude]

I don't know what the limit is on contributions to one's 401 or IRA but I know that no one could make that much money off of those limited funds in any traditional investments.


Now how do you arrive at my being guilty because my father avoided taxes by telling my mother not to go to work?

I didn't once say that minimizing tax burdens is illegal or immoral. I do not pay extra nor will I. I state the same thing I have already stated, that we are entitled to know what percentage of tax Romeny paid if he is running on a platform that involves fair tax policies.

I wouldn't mind seeing Obama's college records but not doing so will not affect my vote. Now, would you like to see Romney's tax returns? and how might that affect your vote?

Sorry, missed this one.

My experience is that many guilty white liberals come from a pampered background... like yours.

You are not guilty of anything except being raised in a privileged and sheltered culture; generally those like you assume that every white guy you meet was raised the same way. Most of us were not raised with a swimming pool in the back yard.

 

[canndo]

You never said his $100M retirement account was tax deferred. You simply said he had $100M in a retirement account. I have savings in an ordinary account as well, although certainly not $100M.

Yes, I would like to see Romney's tax returns. If his tax returns reveal that he is a criminal I will refuse to vote for him. In fact, I already refuse to vote for him and urge everybody reading this to do likewise. Gary Johnson is the only candidate worthy of my (and your) vote.

You still aren't getting the point - no reasonable person contends that Romney's tax returns are currently in violation of the law.

If Romney's tax returns showed that he didn't pay any taxes in several years, would you have a problem with him?

 

[desert dude]

the self righteousness just oozes off of you. now you are the authority on who everybody else must vote for, because everybody else needs to share your value system.

I have exactly the same impression of you. Maybe this is why you and I seem so at odds.

 

[UncleBuck]

I have exactly the same impression of you. Maybe this is why you and I seem so at odds.

except i don't tell everyone who their only acceptable voting option is.

 

[desert dude]

You still aren't getting the point - no reasonable person contends that Romney's tax returns are currently in violation of the law.

If Romney's tax returns showed that he didn't pay any taxes in several years, would you have a problem with him?

No, I would not have a problem with that as long as what he did, tax wise, was legal.

Do you know that president Jimmy Carter paid zero income taxes in at least one year prior to his election to the presidency despite having an income of about $1M? That was the genesis of the "alternative minimum tax", which was a moral imperative that "every rich guy has to pay at least some tax". The AMT wasnot adjusted for inflation, so now it snags most middle-class people, just another wonderful progressive idea that has fucked the middle class.

 

[desert dude]

except i don't tell everyone who their only acceptable voting option is.

Nowhere did I say you "must" vote for GJ. I simply said he was the only candidate worthy of your vote. Try to get past your anger with me and just challenge me on what I actually say.

 

[canndo]

Sorry, missed this one.

My experience is that many guilty white liberals come from a pampered background... like yours.

You are not guilty of anything except being raised in a privileged and sheltered culture; generally those like you assume that every white guy you meet was raised the same way. Most of us were not raised with a swimming pool in the back yard.

As I said, I am not driven by guilt, my arguments are dependent upon fact and reason. Now, you might try to show me how romney got his retirement funds up to 100 million dollars.

Current IRA contribution limit is I believe $5,000 Current 401k limit is what? 22,500?

how does one get to 100 million from there?

 

[canndo]

No, I would not have a problem with that as long as what he did, tax wise, was legal.

Do you know that president Jimmy Carter paid zero income taxes in at least one year prior to his election to the presidency despite having an income of about $1M? That was the genesis of the "alternative minimum tax", which was a moral imperative that "every rich guy has to pay at least some tax". The AMT wasnot adjusted for inflation, so now it snags most middle-class people, just another wonderful progressive idea that has fucked the middle class.

I don't recall Carter running on fair tax policy - do you? I am familiar with the alternative minimum tax - quite.

 

[desert dude]

As I said, I am not driven by guilt, my arguments are dependent upon fact and reason. Now, you might try to show me how romney got his retirement funds up to 100 million dollars.

Current IRA contribution limit is I believe $5,000 Current 401k limit is what? 22,500?

how does one get to 100 million from there?

I am not familiar with Romney's $100M retirement account. Is it an IRA or 401K type account, i.e. a tax deferred account, or is it simply a $100M pot of money that has already been taxed? From what I have read, Romney probably has $250M.

 

[desert dude]

I don't recall Carter running on fair tax policy - do you? I am familiar with the alternative minimum tax - quite.

As am I......

 

[canndo]

I am not familiar with Romney's $100M retirement account. Is it an IRA or 401K type account, i.e. a tax deferred account, or is it simply a $100M pot of money that has already been taxed? From what I have read, Romney probably has $250M.

I believe it is in a tax free or tax defered account, but this is something I have heard and I have not examined it myself.

 

[desert dude]

I believe it is in a tax free or tax defered account, but this is something I have heard and I have not examined it myself.

It is not possible to have that much in a tax deferred account given the $22.5K per year limit on contributions. I suppose if he was able to get regular 1000%, or some other absurdly high annual returns on his investments then it would be possible.

He could easily have $100M in a tax free account, there are lots of tax free municipal bonds out there.