Reid Reported That a Bain Investor Told Him Romney Paid No Taxes for 10 Yrs

Now, Reid did qualify that he couldn't verify that fact unless Romney released his tax returned which Romney has indicated that he will never do. But, what if it were true that he has legally avoided paying taxes for 10 years straight? Is the fact that he did it legally all you need to know or does it bother you a little bit that a guy making $20 million a year with a minimum estimated net worth of $250 million pays less taxes than you do simply because he and other wealthy people can bribe the GOP law makers into passing tax loopholes so that they do not have to pay taxes?
Leona Helmsley used to say, “We don’t pay taxes. Only the little people pay taxes.” Apparently Romney seems to think the rest of us are little people.

 

I love when righties tout the "rule of law", when a law benefits them...

The truth is laws are not always created for the common good. The more localized a law (as in cities, townships, etc.), the more likely abuse of power is involved. Nationally, that type of corruption is less likely to be sucessful, but it is not impossible.

Historically (as well as presently) laws have been created for numerous immoral reasons; to consolidate power (as with republican support of recently proposed voter ID laws that make it more difficult for certain groups of individuals (those likely to vote democratic) from being able to cast their votes), to benefit wealthy supporters, to suppress minorities rights, etc. ...and of course, for financial gain.

...which is why I always laugh when someone says "It's the law!", as if the "law" was infallible or somehow immune from corruption lol

 

Well, it's really simple for Romney to counter this rumor. He could release the relevent documents...

...unless the rumor is true.

One thing is certain, the man made an incredible amount of money....doing what is far less clear.

 

I guess the question is, does it bother you that the wealthy can pay no income taxes while making tons of money? I understand someone making $15,000 a year not paying income taxes but $20 million? As taxes have fallen over that past 3 decades, the national debt has skyrocketed. Coincidence? I don't think so.

 

You don't listen to blogs. I pay no attention to anyone whose only connection is to have owned stock in a company.

 

The question is; What if it turns out to be true?

 

Yeah, and what if Obama turns out to be an alien. I figure the odds are about the same.

 

There's no one really claiming Romney hasn't paid taxes, it's just a feeble attempt by the dims to force his hand. The left generates these little" news" bits & their media runs with it. The product being idiots, like lil joe, who get their news from talking points & SNL/John Stewart-type outlets & bite on it hook line & sinker

 

You display the behavior I attribute to RW'er almost daily in this forum. You encounter a simple question that should be no problem to answer but it clashes with your impenetrable ideology that is so flimsy, shallow, and poorly rationalized that answering the question causes cognitive dissonance so severe your only response to a direct, simple question amounts to nothing more than an attack but never an actual answer.

Anyone else want to take up the hypothetical “What if” question?

 

To sum it up....
Nobody is "really" claiming Romney didn't pay taxes. (Yes! At leas
Yet somebody (the dims) are playing politics with Romney.
This is just a Left created "little news bit" and of course ALL media is owned by the Left.
The Left owned media produces idiots, I think he is insulting me here, comedy shows are journalism to the Left.
Finally, I have fallen for the Lefty line of crap.



As George Will and many others have noted, there must be something truly damaging in Romney’s pre-2010 tax returns for him to willingly endure the criticism and scrutiny that has accompanied his refusal to release them—a refusal he reiterated on Friday, even as the issue, and the matter of his departure date from Bain Capital, has engulfed the campaign. “The cost of not releasing the returns are clear,” Will said on ABC’s This Week on Sunday. “Therefore, he must have calculated that there are higher costs in releasing them.”
So what could it be that Romney is so determined not to disclose?
Last night I had dinner with some (non-Bain) private equity executives, and I took the opportunity to quiz them on the topic and test my own theories about Romney’s tax returns. Let me emphasize that I have no idea what is in those returns, and neither did anyone I spoke with. What follows is unfounded, though not implausible, speculation. The most intriguing scenario that emerged about what could be lurking in those returns is as follows:
When the stock market collapsed in 2008, the wealthiest investors fared worse than everyone else. (See, for instance, this Merrill Lynch study.) The “ultra-rich”—those with fortunes of more than $30 million—fared worst of all, losing on average about 25 percent of their net worth. “There was really nowhere to hide as an investor in 2008,” Merrill Lynch’s president of global wealth management pointed out in 2009. “No region ended the year unscathed.”
As a member of the ultra-rich, Romney probably wasn’t spared major losses. And it’s possible he suffered a large enough capital loss that, carried forward and coupled with his various offshore tax havens, he wound up paying no U.S. federal taxes at all in 2009. If true, this would be politically deadly for him. Even assuming that his return was thoroughly clean and legal—a safe assumption, it seems to me—the fallout would dwarf the controversy that attended the news that Romney had paid a tax rate of just 14 percent in 2010 and that estimated he’d pay a similar rate in 2011.
The “zero tax in 2009” theory—again, this is sheer speculation—gains further sustenance when you consider it’s the only year for which nobody knows anything about Romney’s taxes. He’s revealed what’s in his 2010 and 2011 returns, and he reportedly submitted 20-some years’ worth of returns to the McCain campaign when he was being vetted for vice president in 2008. Steve Schmidt, McCain’s chief strategist in that campaign, said on MSNBC last night that while he didn’t examine Romney’s returns himself, nothing that McCain’s vetters found in them disqualified Romney from consideration.
That would indicate that 2009 is singularly important and, if there’s anything to this theory, incredibly vexing for Romney because there’s no way he could release additional returns without including that year. And the chaos that would ensue would be bad enough that it’s probably worth enduring significant damage to avoid

 

You display the behavior I attribute to LW'er almost daily in this forum. You encounter a simple facts clash with your impenetrable ideology that is so flimsy, shallow, and poorly rationalized that answering the question causes cognitive dissonance so severe your only response to a direct, simple question amounts to insults and flitting off to another topic. For instance

Yielded no response!

Yielded no response!

Yielded no response!

 

Anyone?

 

This coming from someone who finds Play-Doh too cerebral. Sorry Little Joe, no one wants to play in your sandbox when you keep pooping in it.

 

Is that your way of avoiding answering a simple question too? Insulting people rather than answering a straight forward question seems to be the RW's preferred dodge.

I like the way you blame me for YOU refusing to answer a simple question. This is why you guys drive away anyone actually interested in conversation. If you don't want to answer, here is an idea, don't post in my threads. Instead, you dive into the sandbox and crap as much as possible and then accuse me of soiling the environment when plainly that is the only reason you bother to show up. Kettle meet pot.

BTW Enjoy your non-global warming stance in your 114 degree record heat today.

 

You apparently only watch the clips of The Daily Show that Fox News puts out. The fact is, though that show gives more stick to the right, it also frequently takes aim at the left. In this particular instance, Stewart just last night spent several minutes mocking Reid for being a slimy putz, based on this very story. But never mind, that show is apparently the other as far as you're concerned, and it would be a shame to let reality spoil that perception.

 

Global warming, global shmarming. It's called "summer" in Oklahoma just like the blistering cold in Chicago is called "winter". I don't think anyone worth their salt is ready to blame a meteorological phenomenon on so-called "global warming". Anyone without an agenda, that is.

 

You've never experienced a 114 degree summer day in your state before and we didn't have winter last year. Meteorologists are just TV personalities. Climatologists are literally more in agreement on the issue of global warming than any other subject in the field of climatology. Even the Koch funded scientists ironically. I know that you’ll go to your grave believing the propaganda of the oils companies who actually have an easily identifiable agenda. They don’t want to be put out of business even if it means killing the planet. It’s easy to see their agenda, it’s a little harder to figure out why 98 to 99 percent of climatologists would all be secretly conspiring to pull one over on us. In fact, it would be the first time in history it happened but don’t let any of this sway your fanatical beliefs. They after all, just inconvenient facts. TOOL!

 

Still, not one of our resident tools Right-wingers will answer a simple hypothetical. What are they so scared of? My guess is that they are scared of the truth. How sad and telling.

 

Believe me, there's more hot air coming out of Chicago than Oklahoma. A whole lot more wind, too. Have a lovely summer day!

 

Typical response. You need to fact check your posts - BADLY.
There have been many days where temperature exceed 114° in the state.
A meteorologist is a degreed scientist. Not to be confused with TV forecasters most of whom are not meteorologists, but that is not an absolute.
"Climatologists are literally more in agreement on the issue of global warming ..." I will bet 100% agree that water is wet.
So oil companies are trying to commit suicide? Interesting theory I will bet you could not present one scintilla of proof for.
"98 to 99 percent of climatologists would all be secretly conspiring to pull one over on us" - we went through this before and you have yet to offer any proof.