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Confidential Documents Expose Romney On Taxes

"Hundreds of pages of confidential internal documents from the private equity firm Bain Capital published online Thursday provided new details on investments held by the Romney family's trusts, as well as aggressive strategies that Bain appears to have used to minimize its investors' and partners' tax liabilities...".* Cenk Uygur and comedian Jimmy Dore discuss on The Young Turks.

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Added: Aug-27-2012 Occurred On: Aug-27-2012
By: Ripper727
In: Politics
Tags: The Young Turks, Mitt Romney, Bain, 2012, Tea Party, GOP, tax, republican,
Location: United States (load item map)
Marked as: approved
Views: 1235 | Comments: 56 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • What he did is legal who the fuck cares

    Posted Aug-27-2012 By 
    ggppgg (942.00)  

    (6)

    • @ggppgg At least he is a good strategist. I also try to pay as little as possible.

      Posted Aug-27-2012 By 
      Nazel_Hut (3124.90)  
      Nazel_Hut
      Send Message

      (4)

    • @ggppgg - actually, it's NOT legal. The problem is, the GOP Congress has so underfunded the IRS, there are not enough resources to start implementing the law. Did you see the video?

      Posted Aug-27-2012 By 
      viennachoirboy (193.12)

      (-1)

  • "Over and over again, courts have said that there is nothing sinister in arranging one's affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands, taxes are enforced exactions, not voluntary contributions."

    Circuit Judge Learned Hand
    U.S. Circuit Court of Appeals
    Commissioner of Internal Revenue v. Newman
    Feb 20, 1947

    Posted Aug-27-2012 By 
    dbm4891 (50.70)  

    (6)

    • @dbm4891 the upper rate of taxes in the 1940's was OVER 90%.. nice try.

      Posted Aug-27-2012 By 
      nexus1961 (443.64)  

      (0)

    • Comment of user 'weirdpyramid' has been deleted by author!

    • @weirdpyramid Again, there is nothing wrong with what he is doing. It is not illegal. So, again, it's none of our concern. I'm not going to tell him what to do with his money. Likewise, if I told you what to do with your money. He earned he can do what ever he wants (within legal limits) with it. If it is legal, then why is it any of your concern? The man is worth $250M. Maybe we should look at that as an example of what steps we should do to save money. Sure as hell our government needs that ki More..

      Posted Aug-28-2012 By 
      dbm4891 (50.70)  

      (0)

    • @weirdpyramid Also to answer your questions:

      Do I have an offshore account? No, I don't.
      Have I been able to leave my job but still get paid from it? No, fortunately, I have been blessed to have quit my job only to go into a new one immediately.

      Have I been able to take the advantage of the tax codes like Romney? No, I haven't, but where does it say we're not allowed to? Where are we barred from having these advantages? Money? Then that is your problem. This is the land of opportunity and free More..

      Posted Aug-28-2012 By 
      dbm4891 (50.70)  

      (0)

    • Comment of user 'weirdpyramid' has been deleted by author!

  • So all of us out here want to make as much money as we can and pay as little in taxes as we can. If Romney has achieved that shouldn't he be lauded for it?

    Posted Aug-27-2012 By 
    TOAORick (292.68)

    (4)

    • Comment of user 'weirdpyramid' has been deleted by author!

    • @weirdpyramid
      Whose fault is that? Seriously, we weren't all born into money but if you're wise with the money you do have, you too could have a tax deduction of your choice.

      Posted Aug-28-2012 By 
      TOAORick (292.68)

      (0)

    • Comment of user 'weirdpyramid' has been deleted by author!

    • @weirdpyramid You're wrong. All of us "could" - however, those who don't chalk it up to any number of "reasons": No opportunity, no drive or simply no desire. For me, it's no desire because I'm inherently lazy. I don't want the responsibilities and headaches that come with earning those big bucks. What's your excuse? I think if we were honest with ourselves, we could all find the "reason" we're not wealthy. Regardless, Romney, for whatever "reason" More..

      Posted Aug-29-2012 By 
      TOAORick (292.68)

      (0)

  • Lawyerly weaselwording at its best.

    I have been employed since 1964. I guess I never made enough money to qualify for a tax haven.

    Posted Aug-27-2012 By 
    sjefke (692.56)  

    (2)

  • BOTH SCUM BAGS ARE BEING EXPOSED FOR THE CORRUPT FUCKERS THEY ARE, GONNA BE INTERESTING THIS ELECTION, 2 CORRUPT SCUM AND NO ONE TO VOTE FOR!.

    Posted Aug-27-2012 By 
    virtualdesires (516.24)

    (2)

  • Well, there ya go then...

    Posted Aug-27-2012 By 
    ILovePickles (429.76)  

    (1)

  • I guarantee if he get's elected, he will not be ANY better than obama. I will bet my life on it.

    Posted Aug-27-2012 By 
    1shot555 (200.08)  

    (1)

  • Young Turks... LMAO!

    Posted Aug-27-2012 By 
    MERCILESS (697.86)  

    (1)

  • Yep

    Posted Aug-27-2012 By 
    Ithinkthat1 (1327.20)  

    (1)

  • Nothing illegal at all. So he's being trashed for being intelligent with his money??

    Posted Aug-27-2012 By 
    Meathead12 (700.00)

    (1)

  • So he's smart with money???


    Just the man we need in office.



    Obama has proved he is financially retarded.

    Posted Aug-27-2012 By 
    JihadKiller1s1k (9427.28)  

    (1)

  • So, people are saying neither Romney nor Obama are any good, that both are corrupt. IF that's the case, then vote Obama - here's why:
    1) since he can't be re-elected, he won't be beholden to the 1%.
    2) if Romney's in office, his goal will be to increase the power of the 1% - with tax breaks, tax amnesties and pardons to the Wall Street elite.
    3) regardless of what you think of Obamacare, it's a start. Change it, but don't flat out repeal it. If the latter is done, YOU WILL NEVER SEE A REPLACEME More..

    Posted Aug-27-2012 By 
    viennachoirboy (193.12)

    (0)

  • When are you yanks going to focus on the small details like your crushing deficit, unemployment, taxes and even the dissolution of your rights with congress slipping in things like HR347 without so much as a mainstream press mention? Forget Bain, forget birther theories and fake social security numbers. Find the right bloke for the job. You've limited your choices by voting for these twats..make the most of what you've got.

    Posted Aug-27-2012 By 
    UKGEZR (322.10)  

    (0)

    • @UKGEZR Cause both candidates are sellouts. The ticket should read Obama/Romney 2013.

      Posted Aug-27-2012 By 
      neutral_person (159.42)  

      (2)

    • @UKGEZR I agree.
      The Republicans would love to focus on real issues because Obama can't run on his record. The dems keep throwing every distraction they can think of to divert public attention away from what matters.

      Posted Aug-27-2012 By 
      TOAORick (292.68)

      (1)

    • @TOAORick I keep close tabs on US politics because like it or not, it affects us. We have lads in Afghanistan fighting and dying because of US politics. We have to watch what you do and quite frankly, it's worrying.

      Posted Aug-27-2012 By 
      UKGEZR (322.10)  

      (0)

    • @UKGEZR I think that's the worst part about it all. Our problems do, most certainly, affect the rest of the globe. Americans though, being as selfish as we are, remain clueless as to what has become known as collateral damage.

      Posted Aug-27-2012 By 
      TOAORick (292.68)

      (0)

  • Is it illegal?

    Posted Aug-27-2012 By 
    CrapFactory (117.92)  

    (0)

  • MERCILESS...LMAO

    Posted Aug-27-2012 By 
    echo4250 (827.74)

    (0)