Reid Suggests Romney Paid No Taxes for 10 Years

[PKT_VOL]

You're not paying attention to current events are you?

Go on. I think I know where you are going but I want to make sure.

 

[PKT_VOL]

Obama is not even consulting his cabinet as he makes all the decisions with his tiny group. At this point, it's all about getting Obama out of office.

That is not say much if you see some of the "consultants" and cabinet level people he has surrounded himself with.

At this point, I just want him to campaign his heart out. At least he can't screw anything up if he's not in Washington involved in policy decisions.

 

[politicsvol]

The fact that he won't suggests strongly to me that he can't answer to my satisfaction, or to that of the voters. Which is why he is not disclosing.

It's a rock and a hard place situation.

What possible benefit would romney enjoy by letting the obama administration mention over and over again how much money he makes? And why can't we see obama's college transcripts?

 

[PKT_VOL]

What possible benefit would romney enjoy by letting the obama administration mention over and over again how much money he makes? And why can't we see obama's college transcripts?

It's about looking shady. If he releases them, he is a multimillionaire CEO who is paying a ridiculously low tax rate with money stashed all over the place on the heels of the financial meltdown. That isn't going to sit with middle class voters. Romney knows it. My guess is that it is much worse than the two he has already released.

Then again, that is hard to believe with someone who has been eyeing the Presidency for awhile. Who knows, maybe he is that dumb.

 

[BigPapaVol]

It's about looking shady. If he releases them, he is a multimillionaire CEO who is paying a ridiculously low tax rate with money stashed all over the place on the heels of the financial meltdown. That isn't going to sit with middle class voters. Romney knows it. My guess is that it is much worse than the two he has already released.

Then again, that is hard to believe with someone who has been eyeing the Presidency for awhile. Who knows, maybe he is that dumb.

again, this is as much about the top line as it is the bottom. My guess is that people would be shocked, on the high side, to see the gross dollars in taxes the guy pays. Then the left would beat the guy down for making too much money.

And how on earth does the guy look shady without huge help from the lefty media?

 

[BeecherVol]

again, this is as much about the top line as it is the bottom. My guess is that people would be shocked, on the high side, to see the gross dollars in taxes the guy pays. Then the left would beat the guy down for making too much money.

And how on earth does the guy look shady without huge help from the lefty media?

Exactly. Its not fair, "You didn't build that", now vote for me because Im gonna take more $ from him and give it to you.

 

[politicsvol]

It's about looking shady. If he releases them, he is a multimillionaire CEO who is paying a ridiculously low tax rate with money stashed all over the place on the heels of the financial meltdown. That isn't going to sit with middle class voters. Romney knows it. My guess is that it is much worse than the two he has already released.

Then again, that is hard to believe with someone who has been eyeing the Presidency for awhile. Who knows, maybe he is that dumb.

He still will have paid approx 5,000X in taxes what the average american does. And why must it look shady? The favorable taxation of hedge fund managers and long term capital gains has been mentioned for years. Obama did nothing about it. Combine that with sizable charitable donations and we have a low tax rate. I'm sure his return is complex, but no one is stopping the average american from semi retiring like romney and living off capital gains. Well except money. I mean from a tax stand point.

What do you expect him to do exactly? Decide to pay full tax on capital gains? I'm sure obama himself doesn't do that.

 

[PKT_VOL]

again, this is as much about the top line as it is the bottom. My guess is that people would be shocked, on the high side, to see the gross dollars in taxes the guy pays. Then the left would beat the guy down for making too much money.

And how on earth does the guy look shady without huge help from the lefty media?

It is all about trust/mistrust. People mistrust CEO's more than anyone else in our society including lawyers.

He is a multimillionaire CEO who laid a bunch of people off and shipped jobs overseas. Those are facts. I get the other side of that argument, but that is not someone you want to put at the top of your ticket if your the GOP. Not to mention he is massively awkward.

Add to those facts that he refuses to release his tax returns, it makes him look even more shady. The Democrats will continue to fill in the blank with whatever they want. It is killing him in the polls. It makes you wander what the hell is actually in his tax returns that makes his advisers believe it is worth taking the kind of heat/hit in this image/polls.

 

[PKT_VOL]

He still will have paid approx 5,000X in taxes what the average american does. And why must it look shady? The favorable taxation of hedge fund managers and long term capital gains has been mentioned for years. Obama did nothing about it. Combine that with sizable charitable donations and we have a low tax rate. I'm sure his return is complex, but no one is stopping the average american from semi retiring like romney and living off capital gains. Well except money. I mean from a tax stand point.

What do you expect him to do exactly? Decide to pay full tax on capital gains? I'm sure obama himself doesn't do that.

I don't expect the man to do sh*t. I am not voting for him either way.

Politically, I would have released my tax returns a long time ago unless there was something absolutely catastrophic in them. If he would have done so, he would have taken a small hit over a few news cycles over the summer while the Olympics are in full swing and hardly anybody would notice. Now it has become a nightmare lose-lose situation. He better have something politically catastrophic on his tax returns or his advisers are complete morons.

 

[n_huffhines]

LMAO...this about nails it.

‎The Other Side also has been hammering away at My Side to release certain documents that have nothing to do with anything, and making all sorts of outrageous accusations about what might be in them. Meanwhile, the Other Side has stonewalled perfectly reasonable requests to release its own documents that would expose some very embarrassing details if anybody ever found out what was in them. This just shows you what a bunch of hypocrites they are.

Naturally, the media won’t report any of this. Major newspapers and cable networks jump all over anything they think will make My Side look bad. Yet they completely ignore critically important and incredibly relevant information that would be devastating to the Other Side if it could ever be verified.

The Wrong Side Absolutely Must Not Win - Reason.com

 

[lawgator1]

again, this is as much about the top line as it is the bottom. My guess is that people would be shocked, on the high side, to see the gross dollars in taxes the guy pays. Then the left would beat the guy down for making too much money.

And how on earth does the guy look shady without huge help from the lefty media?

That's the way the GOP is trying to mischaracterize it. Classic straw man. Claim the criticism is something you can defend, when of course its about something else.

The proof is that we already know Romney makes tens of millions a year.

The issue is his tax rate. No matter how much you try to make it about something else.

 

[BigPapaVol]

That's the way the GOP is trying to mischaracterize it. Classic straw man. Claim the criticism is something you can defend, when of course its about something else.

The proof is that we already know Romney makes tens of millions a year.

The issue is his tax rate. No matter how much you try to make it about something else.

Ridiculous. His effective tax rates and gross taxes are plenty high. The problem is that the guy made 20+million last year and didn't work.

 

[lawgator1]

Ridiculous. His effective tax rates and gross taxes are plenty high. The problem is that the guy made 20+million last year and didn't work.

Actually, you are wrong. He has some position, makes 110k. He also had 9 million in income taxed at 34 pct. It was the other 10 million where he paid 15 percent. His overall rate ended up at 13 because of the deductions.

 

[BigPapaVol]

Actually, you are wrong. He has some position, makes 110k. He also had 9 million in income taxed at 34 pct. It was the other 10 million where he paid 15 percent. His overall rate ended up at 13 because of the deductions.

Explain how I'm wrong?

 

[lawgator1]

Explain how I'm wrong?

He worked.

He offset his ordinary income with various deductions and paid vast majority of his tax as capital gains.

He had about half his income at 34.2. Avoided that. Of course.

 

[BigPapaVol]

He worked.

He offset his ordinary income with various deductions and paid vast majority of his tax as capital gains.

He had about half his income at 34.2. Avoided that. Of course.

But he didn't work and still has ordinary income tax. Lamenting his deductions is for retards. He didn't write the idiotic laws. The idiots in congress made the entire tax attorney / tax accounting world possible. The return for paying those guys is enormous. He'd be senseless to avoid hiring top end advice.

 

[lawgator1]

But he didn't work and still has ordinary income tax. Lamenting his deductions is for retards. He didn't write the idiotic laws. The idiots in congress made the entire tax attorney / tax accounting world possible. The return for paying those guys is enormous. He'd be senseless to avoid hiring top end advice.

Yes, but he symbolizes the problem in the tax code. Moreover, his refusal to disclose demonstrates that he knows it is not palatable to the voters.

It's legal. But it's wrong. And he knows it.

 

[utvolpj]

Yes, but he symbolizes the problem in the tax code. Moreover, his refusal to disclose demonstrates that he knows it is not palatable to the voters.

It's legal. But it's wrong. And he knows it.

then why not target the tax code instead of those using it like it was written? You know your guy has had a few years to make all the changes he wanted and didn't. Wonder why? :question:

 

[GAVol]

then why not target the tax code instead of those using it like it was written? You know your guy has had a few years to make all the changes he wanted and didn't. Wonder why? :question:

It cannot be said more succinctly than that.

 

[PKT_VOL]

then why not target the tax code instead of those using it like it was written? You know your guy has had a few years to make all the changes he wanted and didn't. Wonder why? :question:

Problem is most people don't care about reforming a tax code which does not apply to them. If you don't pay taxes, why would you care about the tax codes?

 

[lawgator1]

We should target the code.

Problem is, Romney has given every indication he will lower taxes on the wealthy.

 

[utvolpj]

We should target the code.

Problem is, Romney has given every indication he will lower taxes on the wealthy.

which still has zero to do with his personal tax returns. It's a ploy to appeal to the dumbest of voters, who were going to vote for Obama anyway, and detract from the serious issues facing the country.

 

[rjd970]

But he didn't work and still has ordinary income tax. Lamenting his deductions is for retards. He didn't write the idiotic laws. The idiots in congress made the entire tax attorney / tax accounting world possible. The return for paying those guys is enormous. He'd be senseless to avoid hiring top end advice.

The idiots in congress didn't write them as much as the lobbyists did.

Still, this whole thing is stupid. It isn't about what his plan for America is, it's about what meaningless part of his past resonates with voters. The American electorate, if they base their vote on Romney's tax returns, get exactly what they deserve.

 

[PKT_VOL]

The idiots in congress didn't write them as much as the lobbyists did.

Still, this whole thing is stupid. It isn't about what his plan for America is, it's about what meaningless part of his past resonates with voters. The American electorate, if they base their vote on Romney's tax returns, get exactly what they deserve.

We are talking about an electorate that showed up in record numbers to overwhelmingly vote into the Presidency a community organizer on the heels of a financial meltdown unparalleled since the Great Depression.

Don't ever underestimate the stupidity of the American electorate.

 

[lawgator1]

The idiots in congress didn't write them as much as the lobbyists did.

Still, this whole thing is stupid. It isn't about what his plan for America is, it's about what meaningless part of his past resonates with voters. The American electorate, if they base their vote on Romney's tax returns, get exactly what they deserve.

Way to box out the result. If Romney wins, people saw through it. If he loses, they're dumb.

Ever occur to you that you might be wrong ?