Romney To Post "Summary" Of His Taxes

[fumster]

@Untoward_Parable

Romney is a financier who’s pitch is how good he is with money who moved to France to dodge the draft and courts birthers.

Ah, I see that you are an anti comma-ist.

[Damuri_Ajashi]

@Steve_MB

If so, then the aggregated average he released probably resulted from years of paying little to nothing and one year of sucking it up financially in order to buy off the risk of going to jail.

You have to remember that interest rates were fairly low for a long time they could only realistically tag you for the income that accrued on the account in which your money was currently located so if you moved your money from one swiss bank account to another one, it can be difficult to chase you for the income on that old account.

[Sam_Lowry]

@Euphonious_Polemic

Here’s what people suspect that Romney may be hiding by refusing to release details of his prior tax returns. Note, they suspect that this is why he’s not releasing them. Nobody is sure, and there is no proof Here they are from least to most likely:

1. Romney took advantage of the 2009 Voluntary Compliance Program for
   Unreported Income from Offshore Accounts I believe it’s known that he had accounts in Swiss banks, and we also know that this came about in 2009 because

So there were 17,000 US clients that hid $20 Billion. It is not crazy to suggest that Romney may have been among these 17,000, and then “came clean” to avoid criminal prosecution. If true, this would lead to the total destruction of his political career.

2. Romney has an IRA, just like many Americans. Not many Americans have IRA’s valued at 21 to 102 million dollars though. This would seem to be pretty hard to do, even with a high-contribution SEP-IRA (30K - 50K annual limits). There are a few theories Most likely is that
   How would this technique look to your average voter?

3. Romney may simply have paid a Federal Tax rate that was much below 13% for one or more years in the last 20. The fact that his “summary” of taxes was averaged over many years suggests that this was done to disguise the fact that one year was particularly low. If he paid a very low rate in a year (let’s say for the sake of argument 1%), this would look very very bad politically, even if it was all done legitimately.

One other guess I’ve seen is that Romney is hiding that he isn’t just a millionaire, but is actually a billionaire.

The political implications of Romney being a billionaire would be even more severe than being a millionaire. Americans understand millions. A decent sized house costs a quarter of a million dollars in most parts of the country. A billion is something completely different – a sum so vast most people know it’s a fortune they’ll never amass. Romney’s mantra is that anyone can become a millionaire like him. And to many Americans, that seems possible. Becoming a billion however, is not something he can sell.

The article goes into some depth that makes it sound plausible. I don’t understand tax stuff that much so I don’t know how really likely it is, but I thought it was interesting to read.

[Gangster_Octopus]

@magellan01

You’re ignoring another perfectly plausible explanation. That the campaign knows that even if everything is 100% perfectly fine, that low life’s like Harry Reid and Stephanie Cutter will just point to something and say, “Aha, what about this?!!” And this? And THIS?!!! From now until election day, preventing the campaign from focusing on the issues. That’s their game.

I am guessing there are indeed molehills that some would make into mountains…but I also suspect there are actual mountains in there.

[Lightnin]

@Gangster_Octopus

I am guessing there are indeed molehills that some would make into mountains…but I also suspect there are actual mountains in there.

We just have to take his word for the fact that there aren’t any mountains. Isn’t that good enough for “you people”? Class envy! Job creators! We built this!