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What Romney May Be Hiding
TalkingSides.com ^ | 01/18/12 | CaroleL

Posted on 01/18/2012 9:48:55 AM PST by CaroleL

After over five years of running for the GOP presidential nomination, former Massachusetts Governor Mitt Romney shouldn't have anything left to hide, but he apparently does. Mr. Romney is refusing to release his tax returns despite the fact that his vast wealth is already well known and he has admitted that his significant annual income is taxed at around the 15% level. So why not just release the returns?

When challenged on the issue during the most recent GOP debate, Governor Romney stumbled through his response eventually saying he would "probably" release the documents around April. But 24 hours later told reporters "People will want to see the most recent year" implying that whatever he might release would be limited. Again, the question is why?

Tax experts have suggested that the reason could be an attempt to hide Mr. Romney's use of offshore strategies to avoid taxes. According to Daniel Berman, a former U.S. Treasury deputy international tax counsel and now director of tax at Boston University's graduate tax program, "Certain interests in foreign investment structures would have to be reported on attachments to his return."

(Excerpt) Read more at talkingsides.com ...


TOPICS: Government; Politics
KEYWORDS: mittromney; offshoreassets; rickperry; romney4romney; romneyactslikeobama; romneyinhiding; secretiveromney; taxes

1 posted on 01/18/2012 9:48:59 AM PST by CaroleL
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To: CaroleL

It’s not accurate to say he is hiding his tax returns because I heard him say he plans to release them in April. He also claimed this is the traditional time to do so.


2 posted on 01/18/2012 9:52:15 AM PST by Williams (Honey Badger Don't Care)
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To: CaroleL

I suggest simply that the amount of money he donates to the Mormon Church will shock people.....


3 posted on 01/18/2012 9:53:13 AM PST by Nifster
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To: CaroleL

Correct answer is NUNYA...Rush says he should say he will release these when 0 releases college transcripts, I add, Selective Service records, Social Security records, original BC, and passport records......


4 posted on 01/18/2012 9:54:51 AM PST by runninglips (Republicans = 99 lb weaklings of politics. ProgressiveRepublicansInConservativeCostume)
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To: CaroleL
he has admitted that his significant annual income is taxed at around the 15% level.
That's not entirely true. His earned income level is very low, and it's his interest income (from investments) that's "significant."
The capital gains tax rate is maxed at 15% and that's why he only pays at that "low" rate.
5 posted on 01/18/2012 9:57:08 AM PST by oh8eleven (RVN '67-'68)
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To: Nifster

It shouldn’t be shocking since the Mormons tithe (tenth) 10 percent, as do other religions.

I don’t hear the MSM saying anything about Kerry’s lack of donations on his billions.


6 posted on 01/18/2012 9:58:55 AM PST by Allon (Since 1980, no Republican has won his party's nomination without winning in South Carolina.)
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To: runninglips

Service records, Social Security records, original BC, and passport records......”

Maybe he was born in Kenya?


7 posted on 01/18/2012 9:59:21 AM PST by jessduntno ("'How fortunate for governments that the people they administer don't think." - Adolph Hitler)
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To: runninglips
Rush says he should say he will release these when 0 releases college transcripts, I add, Selective Service records, Social Security records, original BC, and passport records......

I am unanimous on that! And just for laughs, howz' 'bout O let us know about his homosexual boyfriends!

8 posted on 01/18/2012 9:59:36 AM PST by laweeks
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To: CaroleL
(Excerpt)

Why are you hiding the rest of your blog post?

Maybe you should release the records of how much money you get for directing traffic away from Free Republic.

9 posted on 01/18/2012 10:01:44 AM PST by humblegunner (The kinder, gentler version...)
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To: Williams

NO, he said he would “probably” release them. He will not release them.

He is filthy slime.


10 posted on 01/18/2012 10:05:13 AM PST by Reagan69 (I supported Sarah Palin and all I got was a lousy DVD !)
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To: Williams

Well, I heard him say he will release ONLY the NEWEST INFO, the latest year, 2011, which they are massaging and preparing for public consumption as we speak. He will not release 2010 and older, I predict.


11 posted on 01/18/2012 10:07:39 AM PST by ez (When you're a hammer, everything looks like a nail.)
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To: CaroleL

The latest one can file taxes is in April, but that doesn’t mean RINO Romney has to wait until then to release them.

Bad behavior on Obama’s part in not releasing certain records does not excuse RINO Romney. These Tu Quo/Tu Quo Que arguments are getting old.


12 posted on 01/18/2012 10:07:55 AM PST by Laissez-faire capitalist
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To: Williams

“It’s not accurate to say he is hiding his tax returns because I heard him say he plans to release them in April. He also claimed this is the traditional time to do so.”

He will release his 2011 return. What is he hiding in his 2010 return that he does not want us to show. He answered the question like a politician. It is normal to release the “current year” in April when it is done.

Romney, you are only 9 months late for releasing your 2010 return in April 2011. Romney’s speaking in double-talk... He is saying something true but not answering the question asked.

In my professional training to identify liars during interrogations, this is one of the number one characteristics.


13 posted on 01/18/2012 10:09:59 AM PST by tired&retired
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To: CaroleL

I believe Romney gives the LDS 10% of his gross income.

Just like all the rest of America will have to do if he gets nominated.

Add up all the deductions, the Romneycare AKA Obamacare PLUS the LDS tith, its amazing how little will be left in Joe Americas weekly paycheck.


14 posted on 01/18/2012 10:14:29 AM PST by Eye of Unk (Liberals need not reply.)
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To: runninglips

Agreed..........


15 posted on 01/18/2012 10:17:59 AM PST by Osage Orange (HE HATE ME)
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To: Laissez-faire capitalist

I prefer Gingrich as being the most conservative.

But I think it is a Dim trick to talk about capital gains tax as saving money is an important part of the American dream. True, Romney has inherited wealth. But if a young person of any means begins saving a good part of their income at 20, they will have money invested which will probably be providing capital gains by age 40 or 50. Well, unless the socialists totally destroy the monetary system.

To criticize a person for being in such a position is an attack on capitalism and the chance for any working, conservative living, saving American to advance in the world.


16 posted on 01/18/2012 10:22:36 AM PST by angry elephant (Endangered species in Seattle)
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To: Reagan69
I'm not a Romney fan by any means....but "filthy slime"?

He might be a liar, a fake, a poser, a RINO, a Lib lover, a this and that....but, but, but,....

Well I guess he could be a filthy slimeball too!! HA!!

17 posted on 01/18/2012 10:23:34 AM PST by Osage Orange (HE HATE ME)
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To: CaroleL

Maybe there is not much to hide in them, but by not releasing them, it focuses people away from any other issue. Then he’ll release them and all the critics will look silly...


18 posted on 01/18/2012 10:51:37 AM PST by Koblenz (The Dem Platform, condensed: 1. Tax and Spend. 2. Cut and Run. 3. Man on Man)
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To: CaroleL

Maybe he is planning on releasing a Certificate of Taxation.


19 posted on 01/18/2012 11:07:13 AM PST by Dryman (Define Natural Born Citizen)
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To: Allon

I wasn’t knocking the tithing that Mormons do.....everyone should do more of it. I just think that the MSM will lambast it as they do everything they do not like or understand.


20 posted on 01/18/2012 1:57:42 PM PST by Nifster
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