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comment by steve
steve  ·  4461 days ago  ·  link  ·    ·  parent  ·  post: Hackers claim to have Brother Romneys tax records for the past 10 years.

Would you be satisfied with a statement from the IRS or some other auditing firm that stated that 1. He has paid taxes as required by the federal government 2. that the percentage he paid was the correct percentage for his tax bracket and 3. that all loopholes, deductions, and other ethically slippery stuff his tax people use is all legal?

I don't think a lot of good comes from knowing what other people earn. Aside from an assurance that all three of your points are validated, I think that knowing Willard's bottom line is morbid curiosity.

And so that my next point is very clearly understood, let me clearly state that I personally don't care about seeing a long form birth certificate. But since you brought this up, I think it is a lot like that situation. Why do the crazy nut jobs want to see the long form birth certificate (besides being crazy)? Because they were given something and they want more. They should be happy with a birth certificate. (I mean, it's a small thing, but it's a thing.)

I think we should accept some kind of verification that Romney's dealings are/were above board. Whether we like the percentage he pays isn't up to him. It's up to the shelters at the IRS and elsewhere that help rich people pay less.

    There must be something pretty damning there.

Maybe... but that's an assumption. Look, I'm not a Romney-ite. I don't care how much he earns. What I care about it if the people he pays to do his taxes did it honestly. I don't care to see President Obama's tax returns or birth certificate either.





cgod  ·  4461 days ago  ·  link  ·  

How much Mit payed in taxes seems like a pretty interesting question to me. He is running on a platfrom to get america back to work. This is supposed to be done by removing the barriers to the 'producers' that is the 'rich' to get things done. This means lowering taxes, removing pesky regulation, beating down those ugly unions, and generaly putting more wealth and power into the hands of captial at the expense of workers (if the rich pay less taxes the middle class ends up bearing a greater percentage of the cost of running the government).

If Mit has already payed a way lower tax rate then you or I, and he and his friends stand to significantly benefit in even lower taxes and regulation as a result of his proposed policies this is pretty interesting. Mitt is probably the richest man to ever run for president (not sure how much old Ross was worth). If the richest man to ever run for president pays way less then a working man and has promised to make sure he pays less then maybe that is something that voters might like to know about.

thenewgreen  ·  4461 days ago  ·  link  ·  

It's not morbid curiosity when the man could potentially be in a position to shape the tax code. There could be a conflict of interest there which would be evident to the electorate or media but as is will remain cloaked. I'm not curious about how much money he earned, I know that it's a hefty number. I'm curious about the percentage of his earnings he paid in taxes. I pay approximately 30% of my earnings in taxes. That hurts. If I were to find out that Romney paid 10%, and that the policies he hopes to enact would only reinforce such things, I'll be inclined to vote elsewhere.

I would be happy if the IRS stated what % of overall earnings Romney paid in taxes. That is a fair question imo. It is directly related to policy making --something a long form birth certificate is not. By the way, there are certain deductions that I could probably "get away with" when I file my taxes but I don't do it because while it may toggle the line of legality, it's less than honest. I'm no "wing nut", I just would like to know where a candidate that I could potentially support draws his ethical lines.

Also, I posted this cool link per this discussion. Check it out, pretty cool that this is available imo. Tax records tell a story steve, it's not just morbid curiosity, it's history.

steve  ·  4461 days ago  ·  link  ·  

That is a VERY cool link. I've been looking through the 203 pages of Romney's 2010 return (as much as I can in between things at work). If I read it right - with no wages, salaries, tips, etc. he earned about 21mil and paid about 3mil (14% tax). Most of his income seems to have come from "Capital Gain"

President Obama paid between 25%-33% in 2007 and 2008. Most of his income came from "Business Income".

I'm not a tax guy, so I'll shut up. I think the tax code is jacked.