Friday, October 19, 2012

Is Mitt Romney a Tax Cheat?

Mitt Romney’s Tax Dodge

A guide to how the multimillionaire twists the law to hide his massive fortune - and avoid paying his fair share in taxes

Are Romney's tax dodges legal? It's impossible to say for sure, given how little he has disclosed. But tax experts note that there are plenty of red flags, including an investigation by New York prosecutors into tax abuses at Bain Capital that began on Romney's watch. "He aggressively exploits every loophole he can find," says Victor Fleischer, a professor of tax law at the University of Colorado. "He's pushing the limits of tax law beyond what many think is reasonable."
Even worse Romney says investors will pay no taxes if he becomes president.  You will have to work, so you will pay taxes, but they don't pay taxes because their money is working for them.
Wow!  Talk about Elitist!

Sit on their butts all day or go play in their expensive boats and pay no taxes while we sweat, deal with pain, and get tired?  So they'll pay no taxes?
We might as well just invite the royalty in!  Put them in ermine and mink, have to bow to the floor for them.
Picture used via Creative Commons License (CC by SA 2.0) thanks to Flickr user DonkeyHotey who has no connection to this blog or blogger.

Copied text is used persuant to District court decision that 5 sentences do not constitute copyright infringement.  Original article for that piece is available at link above.