subota, 11.08.2012.
In Super Rich, Clues to What Might Be in Romney’s Returns
On the face of it, Senator Harry Reid’s explosive but flimsily sourced claim that Mitt Romney paid no income tax seems preposterous. Mr. Romney has denied it, and without his returns no one can say for sure. But for someone who makes millions of dollars a year, would it even be possible?
Evidently it is.
It so happens that this summer the Internal Revenue Service released data from the 400 individual income tax returns reporting the highest adjusted gross income. This elite ultrarich group earned on average $202 million in 2009, the latest year available. And buried in the data is the startling disclosure that six of the 400 paid no federal income tax.
Full story: http://www.nytimes.com/2012/08/11/business/in-the-superrich-clues-to-romneys-tax-returns-common-sense.html. how to improve memory.
UPDATE: Romney Tax Returns Show Strategy for Moving Money
The couple created trusts as early as 1995, when Romney was building wealth as chief executive officer of Bain Capital LLC. They packed one for their children with investments that stood to appreciate and set up another for charity that provides a tax deduction and income. The candidate’s retirement account, valued at as much as $87.4 million, may benefit his heirs for decades.
“It’s beneficial for your kids and grandkids to push the money downstream,” said David Scott Sloan, chairman of the national private wealth services estate-planning practice at the law firm Holland & Knight LLP in Boston. “The Romneys appear to be doing things that are similar to what other high-net-worth families do.”
Read more: http://www.businessweek.com/news/2012-08-26/romney-tax-returns-show-strategy-for-moving-money-to-kids
UPDATE: Romney: Releasing My Tax Returns Would Violate My Religious Privacy
This guy. This guy … is unbelievable. There has never been a more dishonest politician in modern American history than Mitt Romney. I mean – he has ZERO shame in his game. He will look at you directly in the face … eye to eye … and tell you whatever sounds good at the moment.
Read more: http://www.classwarfareexists.com/romney-releasing-my-tax-returns-would-violate-my-religious-privacy/#ixzz24wstXD2a
UPDATE: Romney is hiding Bain abortion profits in his tax returns, says Tampa foe
Steve Baldwin, former Republican Whip of the California State Assembly, said recent journalism about the actual date of Romney's departure from Bain Capital "has almost certainly revealed the real reason Romney refuses to release any more than two years of personal IRS data: Bain's craven investment in Stericycle corporation — a vendor to Planned Parenthood — lined Romney's pockets with profits from the incineration of aborted human fetuses. Mitt, it's time to disclose your tax returns and everything else about Stericycle."
Baldwin, also former Executive Director of the Council for National Policy (CNP), an influential conservative organization in Washington, said, "Tampa's GOP delegates will shame themselves if they don't conscientiously abstain from Romney on the first ballot to derail the worst nominee in our party's history. We're convinced Mitt Romney is hiding Bain abortion profits in his tax returns."
Read more: http://www.renewamerica.com/article/120822
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