Business

‘Here’s How Romney Might Have Paid No Taxes’: Read How U.S. News Just Tried to Defend Reid’s Claim

Sen. Harry “They’re Putting Mercury in the Water” Reid (D-NV) last Tuesday accused Republican presidential hopeful Mitt Romney of dodging his taxes for 10 years.

As mentioned yesterday on TheBlaze, the shocked reaction to Reid’s unfounded accusation has been somewhat bipartisan, with members on both sides of the aisle suggesting the Nevada senator to offer up something a bit more substantial than “the word’s out.” However, just because we said the reaction has been relatively bipartisan, it doesn’t mean some people aren‘t rushing to Reid’s defense. And by “rushing to Reid’s defense,” we mean “willing to make his accusation seem plausible.”

From U.S. News and World Report, we bring you this: “Here’s How Mitt Romney Might Have Paid No Taxes.” Wait, really? Shouldn’t we wait until either a) Romney releases his taxes or b) Reid elaborates on his super-secret anonymous source?

“Did he or didn’t he? This is the oddly intriguing question swirling around Mitt Romney as critics contend that he may have paid no income tax for some portion of the last 10 years,” writes U.S. News’ Rick Newman.

And by “critics,” he means Senators Chuck Schumer (D-NY), Reid, and former adviser to President Bill Clinton Paul Begala.

“If Romney has paid taxes, as he insists, he could clear up the whole controversy by simply releasing several years’ worth of tax returns, beyond the 2010 return and the 2011 estimate he’s already released. But he has refused, and there may be good reason for that,” Newman adds.

If Romney has nothing to hide, as the insinuation goes, then he wouldn’t mind releasing his returns. But Romney refuses. Therefore, he must be guilty of something.

“I wouldn’t be surprised if he paid nearly zero taxes in 2008 and 2009,” Brad Badertscher, an accounting professor at the University of Notre Dame, told U.S. News. “It’s going to look bad no matter what he does.”

The report goes on to speculate how Romney might have used totally legal means to avoid a higher tax burden.

“Theories about Romney’s tax strategy tend to focus on offshore investment vehicles and secretive accounts, but basic investing and accounting scenarios could easily explain a low tax bill,” Newman writes.

“The clue comes in Schedule D of his 2010 return, in which he claimed a $4.8 million loss carried over from prior years. That helped reduce his tax bill for 2010, in which he paid $3 million in taxes on $21.7 million of income, for an effective tax rate of 13.9 percent,” he adds.

It continues:

The carryover means that Romney probably claimed a much bigger loss a year or two earlier, which could easily have pushed his tax rate for 2008 or 2009 down to the low single digits.

[...]

During bad years, wealthy investors often use a legal strategy called “tax harvesting” in which they sell weak investments at a loss, which they can use to offset the tax they’d need to pay on gains from better-performing investments. The loss can be carried forward, to help lower the tax bill in later years when investments might have done better.

[...]

In 2010, all of Romney’s income came from investments as capital gains, dividends and interest. He claimed no income from wages or salaries. So his maximum tax rate would have topped out at around 15 percent—the rate that applies to most investment income. The loss carryover, sizeable charitable donations and other deductions helped shave his effective rate to 13.9 percent.

About half of Romney’s income in 2010 came from capital gains. If that were zeroed out in 2008, say, on account of the crumbling economy, it could have cut his income for that year to $10 million or less, with a huge deduction for a capital loss. Combined with the same sorts of charitable donations and other deductions he claimed in 2010, that could have pushed his tax burden close to zero. If Romney’s losses were big enough in 2008, he could have carried a portion of the loss forward into 2009, helping lower his taxes then, too. The fact that the loss carryover appeared on his 2010 return suggests that may well have happened.

If you’re confused, you’re not the only one. Wasn’t it the point of the article to explain how Romney might have dodged taxes, not how clever investors lower their tax burden? The article seems to have done the latter, not the former.

So low tax rate or not, we’re not entirely sure how this translates into not paying taxes for 10 years. See, when a guy says someone hasn’t paid taxes for 10 years, we assume he means he has not paid taxes for 10 years. Where is the communication breakdown coming from?

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This story has been updated.

Comments (234)

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  • Snowleopard {gallery of cat folks}
    Posted on August 7, 2012 at 4:10pm

    God above their insane bankrupt ideology continues like a one-track subject; over and over. Let Reid just give the information, if he has any, to the IRS and FBI already. Otherwise he needs to shut the hades up once and for all.

    Report Post » Snowleopard {gallery of cat folks}  
    • johnjamison
      Posted on August 7, 2012 at 4:16pm

      Actually Reid needs to be brought before a committee and forced to reveal his source or step down as Senate Majority leader then corruption and abuse of power and position charges need to be filed.

      Report Post »  
    • soybomb315_II
      Posted on August 7, 2012 at 4:16pm

      you failed the rational thought test. According to this article, it is legal and possible for a person to make millions and pay no net taxes. Nobody is saying Romney did anything illegal. See my post at the bottom

      Report Post » soybomb315_II  
    • CatB
      Posted on August 7, 2012 at 4:29pm

      Romney has created more jobs and paid more taxes and donated to charity (hence the “poor”) more than Obama, Reid and Pelosi combined .. hey Harry … PROVE ME WRONG!

      OMG 2012

      Report Post »  
    • RGFROMTEXAS
      Posted on August 7, 2012 at 4:47pm

      Mr Romney is in trouble here. He has to release his taxes. Obama has
      never CONCEALED anything. See the link below from fact check. As far
      as charity is concerned it is a fact that “per capita” Obama has given more
      to charity than Romney, not only a larger % of his income, but you must include
      the $1,400,000 that he got from the Nobel Prize in which he gave away 100%
      including $250,000 to the Fisher House to help our veterans.

      http://factcheck.org/2012/07/obamas-sealed-records/

      Report Post »  
    • IsThereADifference
      Posted on August 7, 2012 at 5:00pm

      Blah Blah Blah is the news.

      ROMNEY: Just show your freak’n tax returns and end this charade.

      Report Post » IsThereADifference  
    • mwhaley
      Posted on August 7, 2012 at 5:02pm

      Romney needs to check Reid’s government computer for child porn.

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 5:15pm

      Romney should call both Reid‘s and Obama’s bluff.
      He should tell Reid to report him (Romney) to the IRS and have him investigated clearly a federal crime has taken place and Sen Reid should waste no more time on trying to coax tax returns out of him, let official bodies do that.
      At the same time he should tell Obama that he’ll be happy to release more tax returns…when Obama releases his college records. After all…what’s Barry hiding?

      Report Post »  
    • soybomb315_II
      Posted on August 7, 2012 at 5:27pm

      @AvengerK
      Again, we have a corrupt tax code and therefore it is possible for someone like Romney to pay no net taxes (legally) for certain years.

      Report Post » soybomb315_II  
    • AvengerK
      Posted on August 7, 2012 at 5:33pm

      and yet SOYBOMB…the tax returns Romney’s released suggest that your position is a weak one at best.
      So now it’s not “hasn’t paid taxes for ten years” but it’s “the tax code lets him pay very little in taxes”? Seriously? This is why the whole “show us your tax returns Mr Romney” thing hasn‘t worked it’s just ridiculous.

      Report Post »  
    • snooop1e
      Posted on August 7, 2012 at 5:38pm

      @RGFROMTEXAS – You said “Obama has never CONCEALED anything” Actually that’s not true, Obama had his college records sealed and refuses to release them to the public. I think Romney should call Obama’s bluff. Romney should say “I’ll release my tax returns when Obama releases his college records” it’s a win-win for the American people.

      Report Post » snooop1e  
    • soybomb315_II
      Posted on August 7, 2012 at 5:45pm

      @AvengerK
      Yes, “the tax code lets him pay very little in taxes” & “hasn’t paid taxes for ten years” is the same thing and is based on the corrupt tax code. Dont be mad at me, READ THE ARTICLE

      Saying either of those two things is a lot different than saying “Romney did not submit tax returns” (ILLEGAL).

      I just find it funny that despite real information right in front of you (the article), you still parrott radio talk show hosts.

      Report Post » soybomb315_II  
    • RGFROMTEXAS
      Posted on August 7, 2012 at 5:51pm

      SHOOOPIE

      Obama has not had any records sealed. Did you even look at
      the link I posted.

      http://www.factcheck.org/2010/02/obama-at-columbia-university/

      Report Post »  
    • RGFROMTEXAS
      Posted on August 7, 2012 at 5:59pm

      SNOOPIE

      Oops !! Sorry, Wrong Link

      http://factcheck.org/2012/07/obamas-sealed-records/

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 6:06pm

      LOL….that’s it SOYBOMB..keep moving the goal posts champ. So now it morphs from “hasn’t paid taxes in 10 years“ to ”he hasn’t paid enough in taxes in years”. You do understand the difference between salary and cap gains taxes right SOYBOMB?
      Even Obama’s buddy Buffett tried that little subterfuge on the American people. And his poor little tax oppressed secretary just bought a second home no less..while other Americans lose theirs in Obama’s economy.

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 6:07pm

      RGFROMTEXAS…what part of “SO SHOW ME OBAMA”S COLLEGE RECORDS IF THEY“RE NOT SEALED” is too hard for you champ?

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 6:17pm

      Again RGFROMTEXAS…don’t show me a link to a website that plays with the word “sealed”.
      SHOW ME OBAMA”S COLLEGE RECORDS. WHERE ARE THEY? PRODUCE THEM!
      You can’t because Obama spent money and legal recourse to seal them and they remain sealed today.
      Please..shut me up..prove me wrong..PRODUCE OBAMA’S COLLEGE RECORDS.
      WHERE ARE THEY? I don’t want a link to a website that plays semantics with “sealed” I WANT THE ACTUAL COLLEGE RECORDS…WHERE ARE THEY?

      Report Post »  
    • BCanook
      Posted on August 7, 2012 at 6:24pm

      It is more than possible that this administration has already had the IRS look. They found nothing and resorted to rumours and propaganda. Anything to eat up news cycle and avoid talking about things that are real. Who better to peddle sleaze than Harry & Chuckee.

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 6:25pm

      Ok RGFROMTEXAS..so if your website says Obama’s college records are not sealed..then where are they?
      Please provide them.
      See RGFROMTEXAS..when you say “here they are”..you have to actually produce them. Is this a detail you overlooked sport? Your link doesn’t produce them..it merely plays with the word “sealed”.

      Is that producing the college records to you idiot?

      Report Post »  
    • eagle2715
      Posted on August 7, 2012 at 6:28pm

      RGFROMTEXAS,

      You keep citing Factcheck.org like it’s a credible organization. It‘s selection of what it ’fact checks’ is geared to covering Obama and democrats. They throw in a few puff pieces here and there for conservatives, but they spend a majority of the time protecting liberals and progressives.

      On top of that, its the only place you cite….over, and over and over again…

      Report Post » eagle2715  
    • RGFROMTEXAS
      Posted on August 7, 2012 at 6:48pm

      AVENGERK, etal

      Thanks for your reply and interest in my post. This will be my last
      remark so go ahead and have a shot at me. My main point was that
      President Obama has not purposely sealed his records. AVENGERK
      makes a good point with “where are the transcripts”?? I am sure that
      this would be up to the Presient to give permission to release them,
      but why ?? Would you accept them if they were all OK and not claim
      they were altered?? Would you ask for Mr Romney’s College Transcripts ?
      Why this President and none other before him ?? The relevence
      totally escapes me. Mr Romney wants to lower taxes on the wealthy but
      won’t show us how much he is paying now, this to me is far more
      relevant. That’s all for now. Take care, time to watch some baseball,
      have a good evening.

      Report Post »  
    • bsnrn98
      Posted on August 7, 2012 at 6:53pm

      Reid needs to explain or apologize to the nation and Romney for lying on the Senate floor. Then step down. That is the only honorable thing he can do. But we all know Reid is not honorable. He is a mob lawyer.

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 7:01pm

      You didn’t realise that you just contradicted yourself RGFROMTEXAS? You kept posting your silly link to a website that played with the word “sealed” while just saying it’s up to Obama to release his college records..THAT’S BECAUSE HE HAD THEM SEALED YOU DIMWIT!!!!!
      I‘ll tell you what’s relevant RGFROMTEXAS…8.3% unemployment (and that numer reflects he reduced work force under Obama..the underemployment rate is close to 15% the highest since WWII).

      I‘ll tell you what’s releveant RGFROMTEXAS..the economy lost 195000 jobs last month. Obama has not even made up the jobs lost since the mortgage meltdown..we’re still nearly a million jobs in the hole before the economy is even starting to add jobs.

      I‘ll tell you what’s relevant RGFROMTEXAS..Obama’s added $6 trillion to the debt.

      Can you tell me what policies Obama’s got to fix his own mess? No of course not…you’re more worried about playing semantics with the word “sealed” and trying to make Mitt Romney show more tax returns..because of course…that’s relevant to a dimwit like you.
      You’re an idiot.

      Report Post »  
    • RGFROMTEXAS
      Posted on August 7, 2012 at 7:39pm

      AVENGK
      Ok I Lied, I’m back !!!
      You obviously missed the point As the article states Mr Obama’s
      records were not sealed by him but are no different than any other
      students. That’s all !! Good Night !!!

      PS: Why the name calling ??? Not Necessary !!!

      Report Post »  
    • txdave22
      Posted on August 7, 2012 at 8:30pm

      Romney could easily settle this with release of this tax forms. McCain saw them and picked Palin. O M G.

      Now consider this: You may know that gays/lesbians as a general group are well educated for the most part and very affluent. Surely you’ve heard about all the gay millionaires at AMZN, FB, MSN, and especially AAPL, including the CEO. Likely Tim Cook is a billionaire.

      What does this mean? Only that you are wasting your time, and with Appelate Courts already standing behind and saying gays cannot under the Constitution, specifically 14th Amendment, Equal Protection Clause, be denied rights of all taxpayers.

      It’s only a matter of time when gay marriage will be as legal here as in Canada, UK, Spain and elsewhere. Of course, it is already legal in a number of US states, progressive ones, of course.

      You have every right to your opinion, but Jesus would say, as Bible clearly indicates he did, Love your neighbor, Do unto others. Give it some thought.

      You are likely unaccostomed to losing, but you can’t really think going against the courts, the billionaires and millionaires, Prime Minister Cameron and President Obama that in this instance you have even a small chance of being on the winning side. Certainly, from his commands, the side Jesus would take.

      Report Post »  
    • Walkabout
      Posted on August 7, 2012 at 9:19pm

      “Since June 2008, the magazine has gradually reduced its publication frequency three times, switching first from weekly to biweekly,[2] then going monthly in November 2008.[3] In November 2010, it was reported that U.S News & World Report would be switched to an online-only format, effective after it published its December issue; it will still publish special issues in print on colleges, hospitals, and personal finance” wiki

      I hear that U.S. News will transition to WordPress soon! :)

      Report Post »  
    • WEBWITHDEB
      Posted on August 7, 2012 at 10:39pm

      It is possible to have a tax liability offset with tax credits for even the people on the low income spectrum. Earned Income Credit, anyone? It would be patently false, though, for anyone to claim that just because someone utilized the Earned Income Credit, that they must not have paid any taxes. The taxes they paid just all came from the taxpayers!

      Report Post »  
    • MIBUGNU2
      Posted on August 7, 2012 at 11:17pm

      Obama is throwing Pelosi and Reid under the BUS..
      Check out this link.. Cheat, Lie and Steal !!!!!
      http://lynk.ly/stories/view/10279996

      Report Post » MIBUGNU2  
    • The_Jerk
      Posted on August 8, 2012 at 12:47am

      U.S. News and World Report: Mortimer Zuckerman, another Jewish progressive caught in the act of changing our culture to his likeness… international kibbutz-ism, commune-ism, communism.

      Report Post »  
    • bbhouston
      Posted on August 8, 2012 at 6:27am

      I‘m not sure what Reid and Pelosi are complaining about concerning Romney’s taxes. It Romney did something illegal and they have knowledge then they should turn Romney in. However, if they are upset because the tax code allowed him to pay minimal taxes then they have no one to blame but themselves. After all they’ve both been in congress in the highest positions of power for 20 plus years and if they are unhappy with the tax laws then THEY are the ones to change them. Reid and Pelosi have NO grounds to complain about the legal use of tax laws and rules that they’ve presided over the past 20 plus years. The table needs to be turned on those two con artists.

      Report Post »  
    • becky21k
      Posted on August 9, 2012 at 6:09am

      IS there really a reply to this post saying Obama isn’t hiding anything and Obama gave more to charity? Wow. When’d they let that guy out of the looney bin?

      Report Post »  
    • txdave22
      Posted on August 9, 2012 at 8:54pm

      HOW DO YOU EXPLAIN the enormous rise in DJIA since OBAMA CAME TO POWER? From 8000 at the end of the cheney/bush reign of error to over 13000 now: historic creation of wealth for Americans who own stocks, funds, 401k, annuities and pensions? Never before under any prez such a dramatic rise in wealth for the private sector. REMEMBER WHEN CLINTON LEFT DJIA about 11000, when bush left 8000—huge depletion of assets for America and its corporations.————–IF YOU CARE ABOUT YOUR CHILDREN AND YOUR MONEY, you’ll stick with Obama and VOTE DEMOCRAT THIS NOVEMBER. It’s only logical.

      Surely no one wants a repeat of the cheney/bush reign of error, huge deficits/debt. BILL CLINTON GAVE BUSH A SURPLUS AND BUSH GAVE OBAMA A TRILLION DOLLAR DEFICITS. So, pubs can’t govern, we know that. You lost lots of money under bush if you owned stocks, funds, 401k, annuities, surely you don’t want to return to THOSE BAD OLD DAYS. President Obama got bin laden, bush couldn’t. Got us out of iraq where bush never should have taken the country: over 5000 dead and over 30000 wounded, many badly, amputations, head wounds. Obama has country moving in the right direction: forward, not backwards as pubs, romney, santorum, portman, ryan, cantor, boehner would take us.

      Report Post »  
    • Verceofreason
      Posted on August 13, 2012 at 11:09am

      What don’t you understand.
      No one accused Romney of committing a crime.
      It just isn‘t very patriotic to have all your money ’working’ for another country.
      Tax AVOIDANCE is not a crime.
      If you are running for president it just looks shabby.

      Report Post » Verceofreason  
    • txdave22
      Posted on August 13, 2012 at 2:16pm

      sluggish as that experienced during the President George W. Bush years used in this analysis, even before the recession set in, was Dwight D. Eisenhower. (Note that Mr. Burtless did not compare the growth during the terms of George H.W. Bush or Jimmy Carter as each served but one term.) Each and every one of these two-timers, except Eisenhower, had double digit job growth compared to either 4.5 percent or 7 percent for George W. Bush, depending on which measuring tool you prefer to use.

      As Unemployment Predictably Rises, the Solution Couldn’t Be Simpler
      James K. Glassman
      Contributor

      Why Do Companies Hire?
      Peter Cohan
      Contributor
      So what does this data tell us?

      For starters, given that all of these two-term presidents experienced better job growth without the assistance of the massive tax cuts for the wealthy provided by President George W. Bush, it certainly seems fair to note that a certain amount of job growth would have come during the years George W. was president—whether he had given us the tax cuts or not.

      And if one feels the need to argue that tax cuts are the great driver of employment, the comparative numbers presented make it shockingly clear that these tax benefits to the wealthy do little to nothing to even keep up with the employment increases under all of the other two term presidents of the modern era, with the exception of poor old Ike.

      Nobody likes to pay taxes. We can—and will—have more endless debates over whether we should r

      Report Post »  
  • justangry
    Posted on August 7, 2012 at 4:09pm

    I don’t care about the taxes. The government is ripping everyone off. There‘s a ton of other stuff I’d like him to answer for, but I’m not counting on the media asking those quesitons.

    Report Post » justangry  
    • Mutiny
      Posted on August 7, 2012 at 4:16pm

      The thing is, I prefer Romney to win over Obama. I will not vote for Romney because I think he is garbage but its really like the guy is not trying to win.

      More good signs that the RNC is horrible though from Ben Swann.
      http://www.fox19.com/story/19218317/maine-ron-paul-supporters-creds-being-challenged-by-cianchette

      The RNC cheating proves they are no different than the DNC. They both have the same policies and now pretty much use the same tactics. Next we will find out idiots are filling out voter registration with Mickey Mouse for a name voting for Romney. Maybe they will start using voter intimidation also.

      Report Post » Mutiny  
    • justangry
      Posted on August 7, 2012 at 5:22pm

      @Mutiny, Yeah I read about that, and not very happy. The thing is, it doesn’t even matter and all of them said they were going to honor their commitment to vote for Romney on the first ballot. Not only that, but Paul himself asked that his delegates vote according to tradition. It’s kind of like the last slap in the face. I’m not so sure I agree with you on him being any better. I‘m really concerned with his foreign advisors and think between them and his rhetoric we’re risking something much larger than we’ve ever seen before with regards to Iran.

      Report Post » justangry  
    • Mutiny
      Posted on August 7, 2012 at 5:33pm

      Well if Romney wins we cannot fix anything for 8 years. Of course I dont believe we have that long before we are crushed by the debt and forced into martial law and then a complete socialist police state.

      Report Post » Mutiny  
    • soybomb315_II
      Posted on August 7, 2012 at 5:33pm

      The enemy of my enemy is not my friend

      The enemy of my enemy is not my friend

      Report Post » soybomb315_II  
    • MCDAVE
      Posted on August 7, 2012 at 11:03pm

      @ Justangry he is a list of his crimes http://www.nachumlist.com/deadpool.htm

      Report Post »  
  • FEMALL
    Posted on August 7, 2012 at 4:08pm

    I wondered about this from the very beginning. He never said Romney didn’t FILE;he never said Romney OWED and DIDN’T Pay. He said he didn’t pay taxes for 10 years. Well guess what folks–my neighbor hasn’t FINANCIALLY SUPPORTED his CHILDREN for ten years.The fact that his youngest just turned 35 might have something to do with it!

    Report Post » FEMALL  
  • Steelhead
    Posted on August 7, 2012 at 4:07pm

    whatever Romney is hiding will be an issue until he comes clean. He can’t win this one folks. He benefits from a corrupt tax system that favors the rich and looks especially bad on paper.

    Report Post » Steelhead  
    • Shasta
      Posted on August 7, 2012 at 4:32pm

      No, Romney looses either way. And that was the administration’s goal when they instructed Reid to lie to the country from the senate floor.

      Report Post » Shasta  
    • CatB
      Posted on August 7, 2012 at 4:33pm

      Whatever he is “hiding”?? .. he isn’t hiding anything .. he has released what is required .. and after that .. where ARE OBAMA’S records? Obama — Mr. “Transparent” LOL ….. Troll.

      Report Post »  
    • Freedom Hound
      Posted on August 7, 2012 at 4:41pm

      You have fell right into the same hole as a lot of other sheep. You assume he is hiding something because someone has said he is. Someone who has no clue. The IRS would know if there was anything wrong, they have said nothing. In fact the IRS is now stacked with PBOs people so there should be no issue with someone releasing some personal info on Mitt. Mitt has used the system (no matter if corrupt or not) legally. If there was anything illegal PBOs IRS would be all over it. The whole thing is a diversion to what really matters, wake up.

      Report Post » Freedom Hound  
    • RJJinGadsden
      Posted on August 7, 2012 at 4:52pm

      CATB, There is no requirement to release ANY tax records to run for office. For presidential candidates it has been close to a thirty year curtsey. He has already released two years worth, and that is the same that John Kerry released during his run for the office. Okay, I do recall JZS making the point that Kerry has released a total of twenty years worth of records, and while I commend him for this since he is one of 17 current members of Congress to release any tax records at all. Kerry released only two year during his run for the presidency, and the other 18 years worth were scattered out on his previous 5 runs for the senate. Those were his separate tax returns and never involved his wife, who has the real money of the family. But do you know what? That is fine, he never broke the law, and I’m sure he used as many of those nasty loopholes as Romney did. Frankly, no big deal. But, Reid, Wassaman-Schultz, and Pelosi have never released their tax returns ever.

      Report Post » RJJinGadsden  
    • RJJinGadsden
      Posted on August 7, 2012 at 4:56pm

      HEAD, considering the party that has held the congress for the most of the last sixty years, who do you suppose wrote most of those tax laws? LOL….go ahead and make me laugh my tail off by trying to tell me it was the Republicans.

      Report Post » RJJinGadsden  
    • GIRTHMAN
      Posted on August 7, 2012 at 5:10pm

      This issue will bring reid down !!! The funny thing is nobody except the left cares !!

      BYE BYE OBAMA

      Report Post » GIRTHMAN  
    • RGFROMTEXAS
      Posted on August 7, 2012 at 5:14pm

      CATB

      Here are Obama’s Records

      http://factcheck.org/2012/07/obamas-sealed-records/

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 5:24pm

      RJJING…I’m betting Romney is playing a rope a dope game with Obama right now until after the conventions. I base this on how secretive the GOP is being about the conventions while the Democrats have to advertise homosexual marriage will have a “shout out”..etc to get some interest and enthusiasm stoked up from their base.

      Romney’s letting Obama flail away and spend lots of money. Watch Romney’s campaign chrystralize after the conventions and become a lot more hard hitting and ruthless. Romney’s not stupid…he’s letting Obama be Obama right now and letting the Chicage machine grind itself to a standstill.

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 5:27pm

      ummmm…RGFROMTEXAS..not sure if you noticed but your link doesn’t provide any of the college records Obama has spent a lot of money and legal recourse keeping sealed.
      Nice try champ….

      Report Post »  
    • RGFROMTEXAS
      Posted on August 7, 2012 at 5:33pm

      AVENGERK

      Quite the opposite. Fact Check.org has found no proof any any
      “payoff” or “bribes”. Not even No one can give anyone
      one iota of proof otherwise. Here is another link below about his days
      at Columbia

      http://www.factcheck.org/2010/02/obama-at-columbia-university/

      Report Post »  
    • Common Sense 24
      Posted on August 7, 2012 at 5:58pm

      I love fishing for steelhead. I throw out a bit of fake food (like MSN stories) and the steelhead gobble it down every time. Then I reel them in and bash them on the head with a rock until they lie on the rocks stiff and twitching.

      Report Post » Common Sense 24  
    • AvengerK
      Posted on August 7, 2012 at 6:02pm

      LOL….and yet RGFROMTEXAS..the college records remain magically hidden somehow?
      Where are they champ?
      Your link didn’t provide the actual records did it champ? You see..you can’t say..”the records aren’t sealed” if the records aren’t available to anyone can you RGFROMTEXAS? See how this works sport? You have to actually have the records available for review if you‘re telling us that they’re not sealed and available for review. Is that silly little detail lost on you tiger?

      Your link provided nothing but…”hey they’re not sealed”. Yet…they remain sealed don’t they RGFROMTEXAS.
      So produce them…shut me up champ….

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 6:14pm

      Let’s try this again RGFROMTEXAS…your link is not worth anything. It doesn’t provide the college records it merely dances with semantics with the word “sealed”.

      Here’s the REALITY champ. Obama’s spent money and legal recourse to seal his college records and they REMAIN SEALED TODAY. If they weren‘t sealed you’d be providing them and not a link to a website saying they’re not really sealed.

      Here‘s what you’re meant to do when someone asks you to produce the college records…YOU PRODUCE THEM. Is this a tough one for you RG? You don’t provide a link to a site that plays semantics with the word “sealed”.

      So go ahead RGFROMTEXAS..PRODUCE OBAMA”S COLLEGE RECORDS FOR ME…SHUT ME UP.

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 6:22pm

      NO RGFROMTEXAS..when you say “here they are” you have to actually produce them. Did this minor detail elude you champ?

      You don’t provide a link to a website that plays semantics with the word “sealed” and say “here they are” when the website you linked to DOESN‘T PROVIDE ANY OF OBAMA’S COLLEGE RECORDS.

      Are you really that stupid RGFROMTEXAS?

      Report Post »  
    • Walkabout
      Posted on August 7, 2012 at 9:22pm

      Romney will release his records when Obama releases his college transcripts.

      Besides softhead The IRS would let a sitting governor form 2003 to 2007 not pay taxes?

      Are you nuts? Wait don’t answer that, we all know the answer.

      Report Post »  
    • Walkabout
      Posted on August 7, 2012 at 9:31pm

      Obama has a bigger war chest. Currently he is outspending Romney on media ads. It has not budge the polls much considering the expense.

      Meanwhile Romney gets the bulk of his money available for spending after the nomination. When Romney starts spending his ad money in a big way we will see the result.

      All the DEMONCATS have been running on is class envy. Pelosi’s hotel restaurants & vineyard use non union labor & illegal labor. Harry Reid lives at the Ritz Carlton. That is all they have. The economy still sucks & Syria will only get worse. Foreign events can only hurt Obama.

      Obama will probably lose the debates.

      Have fun soft-in-the-head :)

      Report Post »  
  • ltdan
    Posted on August 7, 2012 at 4:06pm

    Both the Demorcrats and the Republicans have passed laws in favor of these loop holes, there is nothing illegal about taking advantage of them, there are many of us that take advantage of legal write offs. If congress doesn’t like the laws they pass, then repeal them and pass a FLAT TAX!

    Report Post »  
    • soybomb315_II
      Posted on August 7, 2012 at 4:25pm

      Romney and Obama hate the flat tax because it takes away power from the federal government

      Report Post » soybomb315_II  
    • Sosorryforyou
      Posted on August 7, 2012 at 5:37pm

      LtDan – I have finally figured out why this is a huge problem for the conservatives.

      The hallmark of any conservative administration’s tax and budget reforms would be to require that the 48% of Americans who are now tax exempt from paying income tax because of their low-income status need to start paying it. But if conservatives are defending the very wealthy Romney’s legal right to pay little to no taxes through the use of loopholes, and at the same time do not defend the many poor people in this country’s legal right to pay little to no income taxes through use of their tax exempt status, than it will be nearly impossible for a Romney Administration to ever produce an equitable tax code or a conservative budget. You can’t expect Americans to go along with your “equitable” tax and budget ideas once it suites you and you are in power while you once defended the wealthy’s right to not pay income tax but not defend a family-of-5-making-under-$40k-a-year’s right to pay none. America wouldn’t stand for it.

      Report Post »  
    • soybomb315_II
      Posted on August 7, 2012 at 5:50pm

      @Sosorryforyou
      Thats why someone like Ron Paul – who believes there should be ONE RULE FOR EVERYONE – would have been a better choice. Ron Paul is trusted by middle income Americans and is not seen as an elitist. Ron Paul could have made the honest conclusion that our tax code needs to be fixed and simplified

      Report Post » soybomb315_II  
    • Sosorryforyou
      Posted on August 7, 2012 at 5:57pm

      Ron Paul thinks that Romeny should release his taxes.

      Report Post »  
    • soybomb315_II
      Posted on August 7, 2012 at 6:22pm

      so do i. Always err on the side of transparency. If the tradition is 10 years of tax returns, then release 10 years of tax returns. Romney should have nothing to hide and from what i have heard – he has given a lot of money to charity….Should be a no-brainer for him

      Our government is so corrupt that we cannot afford less transparency. Set the tone early – send the message that the sunlight is coming and the roaches will scatter

      Report Post » soybomb315_II  
    • circleDwagons
      Posted on August 7, 2012 at 8:50pm

      @LTdan and Soy. The problem romney has is that he likes the progressive tax system. He is against the Fair Tax. I first thought that he should NOT release he tax statements BUT now i think all polititians should be required to release thier statements.

      Report Post » circleDwagons  
    • Sosorryforyou
      Posted on August 8, 2012 at 9:28am

      Circled – you’re absolutely correct. Romney likes how the tax codes benefit him. And the conservatives don‘t want him to release his tax returns because if they show he hasn’t paid any tax due to loopholes, they’ll still have to support him if they want him to win. Then, after the election, they‘ll have a real problem getting things changed in the tax code and with introducing a conservative budget since during the campaign they defended his right to not legally pay income tax while not defending those in poverty’s right to not legally pay income tax.

      Report Post »  
    • Sosorryforyou
      Posted on August 8, 2012 at 9:37am

      Circle – absolutely and when he’s president, he’s not going to want that part changed. His releasing his tax returns is a huge problem for the conservatives. During and after the campaign, they can’t defend him and his desire to keep what benefits the wealthy and at the same time not defend what benefits the poor.

      Report Post »  
  • tbo
    Posted on August 7, 2012 at 4:06pm

    I may be wrong and I am not an accountant or tax attorney but the way I understand this it is simple math. If I make two investments of one million dollars each. In the end one goes down by half a million and the other goes up a half a million, how much have I gained in the end? Zero. If there are limits as to how much you can write off each year that are less than what you lost, why would it be fair to ignor the remaining loss? I would be paying taxes on the portion that was left after what was able to be written off. Or you could ask if one investment made $500,000 and one lost $250,000 your net gain is $250,000 not the $500,000.

    It is pure speculation at this point. Keep them guessing, it only makes the Dems look foolish.

    Report Post » tbo  
    • Mutiny
      Posted on August 7, 2012 at 4:10pm

      I think you are mistaken. This is a fight over the middle and the middle sees this as hiding something. The media is not going to compare Obama’s not releasing things to Romney. They just arent going to do it. They also arent going to let this issue drop because they smell blood in the water. If Romney wants this issue to haunt him until November, dont release them. I believe its a mistake not to release them. It takes a weak bullet our of the gun of the left and allows Romney to get back to attacking Obama.

      Report Post » Mutiny  
    • Anonymous T. Irrelevant
      Posted on August 7, 2012 at 4:26pm

      The middle takes deductions as well. I write off the interest on my mortgage, tax exemptions for my children. It‘s more of a partisan issue and the people who don’t do their homework believe the MSM.
      When is Barry going to unseal his records? Partisan.

      Report Post » Anonymous T. Irrelevant  
    • Master.Debater
      Posted on August 7, 2012 at 4:56pm

      Yes, deducting losses is normal and not limited to the so called “rich”. People that actually pay taxes understand this. Of course, Obama‘s audience isn’t in this group.

      Report Post » Master.Debater  
  • PAPPA_BEAR
    Posted on August 7, 2012 at 4:04pm

    The majority of Americans don’t pay Income Tax!

    It doesn’t matter what your net worth is, only net income for the year.

    The US Income Tax Code is a convoluted endeavor by our government to choose who keeps and who loses their earnings. We should abolish it for a flat tax with ZERO allowances, ZERO deductions, and ZERO credits.

    Report Post » PAPPA_BEAR  
  • LOJ
    Posted on August 7, 2012 at 4:04pm

    I haven’t been commenting as much because i am sick of this issue. Romney has paid millions in taxes, whether he did or didn’t pay them in 08 or 09, i could give a fig about. What i do want to know is: ” how is he going to stimulate the economy, bring jobs to americans, close the borders where illegals and terrorists are crossing, audit the fed, lasso the epa, stop the discrimination on religious organizations, repeal obama care, quit leaking national security secrets, deal with iran’s nukes. This is what people care about and they are sick to death of the left who have no record to run on, only malaise, negativity and hoplessness…Man talk about a screwed up media and democrat party, no wonder the left tries to attack good people…Because they are barren and devoid of doing any constructive work for the people. Is anyone else out there fed up with this crap?????????????

    Report Post »  
    • soybomb315_II
      Posted on August 7, 2012 at 4:11pm

      Dont think for a second the republicans are unhappy with this. They would rather spend the next three months talking about Romney‘s tax returns and Obama’s birth certificate than deal with REAL issues. Remember, if they make no campaign promises, then they owe America nothing when they get power

      Report Post » soybomb315_II  
    • justangry
      Posted on August 7, 2012 at 4:18pm

      Well he’s been against auditing the Fed, and I believe his plan to deal with Iran will escalate into a world war, but maybe he’ll change his mind.

      Report Post » justangry  
  • dadsrootbeer
    Posted on August 7, 2012 at 4:01pm

    How about a deal. Romney releases 10 years of taxes if Reid does the same and Obammy releases his college records. What, all you hear is crickets from the left. If the GOP wants to have a chance in the next election they better grow a pair and fast or the results will be the same as McCain.

    Report Post » dadsrootbeer  
    • Mutiny
      Posted on August 7, 2012 at 4:12pm

      Romney doesnt have the balls to call Obama out like that. You are correct about McCain, all though I believe Romney is a worse candidate than McCain.

      Report Post » Mutiny  
  • az11697
    Posted on August 7, 2012 at 4:01pm

    Three seconds after Romney releases his tax returns the narrative becomes look at the rich guy over there, he is just in it for him and his rich buddies.

    Sadly, the general populace in my observations will bite into that and re elect Obama over it.

    Report Post »  
  • kspatriot
    Posted on August 7, 2012 at 3:59pm

    I am sooooo sick and tired of those supposedly representing the Right totally blowing the opportunity to go on the attack after Obama. Whenever these people go after Romney about tax returns, they should immediately ask when Obama is going to release his college transcripts and records, legit Birth Certificate, Social Security Card, and Selective Service Card. If Romney runs a politically correct, “tail between the legs”, John McCain style campaign he will GUARANTEE another 4 years for Obama. Romney should NOT release anything until Obama has released ALL of the above mentioned. Obama has spent MILLIONS to keep this stuff sealed. WHAT’S HE HIDING?

    Report Post » kspatriot  
    • Mutiny
      Posted on August 7, 2012 at 4:07pm

      If Romney came out and said “hey I will release my tax returns for decades if you release your records” he would earn some credit. I mean it is known Obama is hiding stuff but it now looks like Romney is no different. If Romney is unwilling to get down and dirty he needs to step aside now.

      Report Post » Mutiny  
    • soybomb315_II
      Posted on August 7, 2012 at 5:18pm

      i seem to remember republicans refusing to release college transcripts in the 2004 election…

      Report Post » soybomb315_II  
  • phillyatheist
    Posted on August 7, 2012 at 3:58pm

    it’s all speculation (what other choice is there), but the article shows how it would have been possible to pay zero or next to zero for a year or more. if that is true, it highlights the fact that wealthy investment class individuals don’t necessarily pay as high a percentage as ordinary workers earning a wage.

    the Obama campaign thinks this is not fair, and it’s a point worth discussing. Progressives favor a progressive tax system where those making higher wages pay higher percentages. Conservatives favor a flat tax or regressive tax policy. i’m not an economist, but it seems that since our tax policy has become less progressive over time (income taxes before Reagan were over 80%), things have gotten worse for ordinary Americans.

    however, rural America has accepted their lot in life. they are poor and they know they will stay this way. at least many who live in the ghetto want to get out of the ghetto. they favor Conservative policy makers not for their economic schemes, but for their social agendas. when you believe that life on earth is temporary while an eternal afterlife awaits, who cares if you suffer economic damage for the time being. for these voters it’s more important to vote conscience so that Bible believing Christians can feel that they are saving souls here on Earth. and the politicians KNOW it, and pander to this base, and take advantage of your piety.

    Report Post » phillyatheist  
  • RANGER1965
    Posted on August 7, 2012 at 3:58pm

    I am certain that the powers-that-be in the current administration know that some of those years in the past 10 years Romney paid little to no taxes. I am certain also that it’s perfectly legal as well. Romney just did what anyone would do to pay as little taxes as possible.

    There is likely a year where he deferred his taxes to the next year and paid the penalties for it because his money was making much more money in some investment that it would in paying the penalties.

    The problem is this. The administration isn’t trying to find Romney doing something illegal, they are trying to convince Joe Public how unfair it is to be rich. They’ll take a year he deferred his tax or a year where he paid very little in taxes and compare it some struggling worker and say. “Is it right that Romney a multimillionaire paid less in taxes than this guy?” (Cuts to a scene of some hard working guy with a sad face and a dirty hardhat).

    Since most of the public doesn’t understand capitol gains, and investing, nor deferring taxes to the next year, this tactic will be highly effective and be the icing on the cake for their “Rich People Suck, and Don’t pay their fair share meme.”

    In about a month or so, after continued refusual to show his tax returns, an unknown “patriot of the liberal cause” who works for the IRS will release his tax returns anonomously, or some hacker group.

    Report Post » RANGER1965  
    • goahead.makemyday
      Posted on August 7, 2012 at 4:41pm

      I vote hackers. It’s really easy to get through a door if they people leave it wide open. If an anonymous person released the forms then IRS will get sued and get a supena for the person’s name and then lead up until it gets stalled in a legal battle by a liberal judge. It’s less hassle if a hacker group releases it anonymously and fades away into the background.

      Report Post » goahead.makemyday  
  • Rothbardian_in_the_Cleve
    Posted on August 7, 2012 at 3:56pm

    I hope he didn’t. If he found a way to pay zero tax then kudos to him. (I‘m sure he didn’t btw).

    Everything about income taxes and specifically progressive income taxes is just wrong. I could go on a constitutional and judicial review tirade here, but I‘ll spare y’all the academic junk.

    That being neither here nor there, do you find it odd that the left is so up in arms about this but really didn’t seem to mind that GE paid none…and got taxpayer subsidies…and had a CEO that was the head of Obama’s Jobs Council…and presumably resulted in government contracts? Course there‘s Obama’s treasury lackey that will hunt you down if you don’t pay taxes despite not paying his. That being Geithner. In fact, there were numerous tax dodgers in the white house and a corresponding hush on the matter from the left.

    But now it’s important again. I get it.

    Report Post » Rothbardian_in_the_Cleve  
    • soybomb315_II
      Posted on August 7, 2012 at 4:05pm

      man you got that right. But it is like twilight zone in the republican party because they have a nominee who supports a ‘progressive’ tax code
      http://cnsnews.com/news/article/romney-vows-maintain-progressive-tax-code

      Also, it seems Romney is not capable of explaining the difference between capital gains versus income tax….After 8 years of George Bush, i never thought the republicans would have two more successive candidates who are incapable of communicating rational thought

      Report Post » soybomb315_II  
  • huey6367
    Posted on August 7, 2012 at 3:55pm

    I still believe Romney has some big dirt on Obie andis waiting until after the RNC to release it. The release will over shadow this so-called issue and put Obie on the defensive until the election and then some changing public opinion of Obie and proppoing up Romney.

    I base this on absolutely nothing which is more than Reid has to offer.

    And the WH is behind this.

    Report Post »  
    • HorseDancer
      Posted on August 7, 2012 at 3:58pm

      HUEY . . . Ann Romney is a . . .

      And I base that on nothing. Just like you.

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 5:01pm

      You’re lying again HORSEDIDDLER/ENCINOM/MONICNE/SLEAZY HIPPO…you base that on your spite and cold heartedness as as a dyed in the wool leftist.

      Report Post »  
    • HorseDancer
      Posted on August 7, 2012 at 6:23pm

      AVENGECAKE . . .Something there that offends you? What specifically might that be?

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 7:04pm

      You’re the one who seems to have taken offense HORSEDIDDLER/ENCINOM/MONICNE/SLEAZY HIPPO. You seem to have such fragile sensibitilies champ.

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 7:18pm

      Ok…HORSEDIDDLER/ENCINOM/MONICNE/SLEAZY HIPPO…certainly it’s not as clean as an 8.3% unemployment rate. A 15% underemployment rate. Adding $6 trillion to the debt. Still nearly a million jobs short of the jobs lost in the mortgage meltdown (that means the economy hasn’t added any jobs since Obama took office…). An economy about to stall.
      It doesn‘t get cleaner than Barry’s economy today right?

      Report Post »  
    • HorseDancer
      Posted on August 7, 2012 at 8:12pm

      AVENGECAKE . . . So, you finally read my post and realized I didn’t say ANYTHING abut Ann Romney. She’s a peach. And yet you spewed a technicolor yawn of vitriol and insult. How could you be so gratuitously close minded? Shameful. I realize you‘re frustrated having to deal with someone who doesn’t agree with everything you say and think, but hey, that’s how life works. You’ll learn that someday, and the longer you stay with me the sooner you’ll reach understanding. I’m here to help. You believe that, don’t you Avengecake, that I’m here to help? Me and the colonel.

      Report Post »  
  • mountainbiker
    Posted on August 7, 2012 at 3:54pm

    Goebbels would be proud of the Obama Machine!

    Report Post »  
  • www.TopTheNews.com
    Posted on August 7, 2012 at 3:54pm

    If the DNC is going to attack Romney, it would help if they sent someone just a little more competent than Harry Reid…

    Report Post » www.TopTheNews.com  
  • welovetheUSA
    Posted on August 7, 2012 at 3:52pm

    First off no one cares……….second the taxes Romney paid for two years was more than GE corporation paid since they went to bed with Obama…along with the 2 billion dollar refund of tax payer dollars was paid to GE………We want to see Obamas college records and his passport this is hidden from the American people and we demand to see this………Obama is a fake, a joke on the fools who voted for him, period.

    Report Post » welovetheUSA  
  • Inlightofthings
    Posted on August 7, 2012 at 3:51pm

    Make bank…this will turn on POTUS just like every other tactic. It would appear Mr. Romney is quite clean. I’d bet the debate moderators do not bring this up. Trump will have his way with them by then.

    Report Post »  
    • HorseDancer
      Posted on August 7, 2012 at 3:58pm

      Appears clean? How so?

      Report Post »  
    • bigpew
      Posted on August 7, 2012 at 4:37pm

      Horse – I suppose that you believe in the French system of justice, you’re guilty until you prove your innocents. It’s better that 9 guilty men go free than one innocent man goes to jail. Man, our founders were smart men. What happen to this generation? Oh ya. they went to school.

      Report Post »  
    • RJJinGadsden
      Posted on August 7, 2012 at 4:38pm

      HORSEPRANCER, Should Romney’s tax returns be as clean as those he has released so far, just what are you looking for? Do you think that you can find gaffes that the IRS failed to see, or are you simply looking for those “loopholes” that every one of those Democrats are using as well? I do recall the Clinton’s deductions for used underwear that was afterwards given to charity. Oh, are those left wing loopholes only for Democrats? I do imagine that in your mind that is so. How dare anybody else follow the law as it is written?

      Report Post » RJJinGadsden  
    • HorseDancer
      Posted on August 7, 2012 at 6:25pm

      RINGWORM . .. “Those”? You mean “that one”. The only person whose seen multiple tax returns is John McCain. And he picked Sarah Palin.

      Report Post »  
    • AvengerK
      Posted on August 7, 2012 at 7:13pm

      That’s the way HORSEDIDDLER/ENCINOM/MONICNE/SLEAZY HIPPO…you keep worrying about Romney’s tax returns. The most pressing issue on the voter’s mind right now. That’ll win you the election.
      I mean..what’s not to love about the economy losing 195000 jobs last month? Or an 8.3% unemployment rate? Yeah…Romney’s tax returns should fix all that.
      Get better material clownshoes.

      Report Post »  
    • HorseDancer
      Posted on August 7, 2012 at 8:13pm

      AVENGECAKE . . .Romney’s taxes are a matter of character. I don’t expect you to understand.

      Report Post »  
  • IMCHRISTIAN
    Posted on August 7, 2012 at 3:50pm

    What controversy? Right now it seems one sided. What I think is some people like to gossip across the networks. What is President hiding he seems to have started another class warfare and disappeared.

    Report Post »  
  • Mutiny
    Posted on August 7, 2012 at 3:50pm

    So let me get this straight. A story that “had no legs” is still running and wont go away? Team Romney better wake up and realize they could have ended this discussion and gotten back on point.

    Its amazing the worst president in the history of the United States has his opponent (possibly the worst candidate in US history) on the defensive. This election should be focused on Obama and his terrible policies. Sadly Romney cannot attack many of Obama’s positions because he also believes in those same positions.

    Of course I would prefer this info to come out now while something can be changed if need be before the convention. Most of you are still so asleep though I believe you would vote for him if Romney cheated on his taxes.

    Report Post » Mutiny  
    • kaydeebeau
      Posted on August 7, 2012 at 3:59pm

      The reason it is still being talked about is that it hasn’t gotten the traction with the people that was expected. Th leftists y keep throwing things out to see what might stick. Nothing is sticking, WE DON”T CARE…..they (and apparently you) can’t get that through your head.

      Report Post » kaydeebeau  
    • soybomb315_II
      Posted on August 7, 2012 at 4:00pm

      They say Romney should not be transparent because Obama is not transparent….I say, to hell with BOTH HYPOCRITE PARTIES.

      Report Post » soybomb315_II  
  • Stoic one
    Posted on August 7, 2012 at 3:49pm

    I applaud him for paying so little……….(if that is the case)

    Report Post » Stoic one  
    • Wool-Free Vision
      Posted on August 7, 2012 at 4:50pm

      I share that sentiment, O Stoic One. Trying to pay as little tax as possible is as American as apple pie! We have an entire industry built upon it in this country.

      Do democrats think that tax accountants, tax lawyers, tax deductions, and tax refunds should be outlawed? That is what these class warfare mongers would have us believe. What a bunch of hypocrites!

      It seems to me, the folks who pay little to no income tax (the TAKERS) are the ones who get but-hurt when they hear of someone using the tax code to minimize the damage done by the real thieves: The overspending gluttons in Washington, DC. The argument seems to be “that American citizen over there isn’t bending over far enough, and I can’t make the payments on my Escalade with my EBT card, so he must be evil because I can’t get a free ride when I contribute NOTHING.”

      The hypocrisy is mind-blowing.

      Report Post » Wool-Free Vision  
  • soybomb315_II
    Posted on August 7, 2012 at 3:48pm

    Most people around here seem to think that the only way someone can pay no taxes is by not submitting tax returns to the IRS (illegal)….It should now be obvious that there are thousands of loopholes, write-offs, and deductions in the tax code that would allow a millionare to pay zero net taxes.

    From here out, nobody has any excuses to make the irrational claim that the only way to pay no taxes is to break the law…..Folks, the problem is the tax code

    Report Post » soybomb315_II  
    • qpwillie
      Posted on August 7, 2012 at 4:00pm

      @soybomb315_II
      If Romney didn’t take advantage of loopholes, he wasn’t much of a business man. His job was to help businesses make a profit.

      Report Post » qpwillie  
    • soybomb315_II
      Posted on August 7, 2012 at 4:06pm

      For once, you fully read a post before responding. thanks

      Report Post » soybomb315_II  
    • qpwillie
      Posted on August 7, 2012 at 4:23pm

      @soybomb315_II
      I can‘t see any reason why a flat tax wouldn’t work but I don‘t think that’s about to happen ……. regardless of who is president.

      Romney is not my idea of a perfect candidate but I have sense enough to know that 0bama would be infinitely worse. Anybody who would do anything to help 0bama get reelected is either ignorant about 0bama or they don’t care about the country.

      Report Post » qpwillie  
    • soybomb315_II
      Posted on August 7, 2012 at 4:33pm

      If the republicans were not hypocrites, they would push for a flat tax. That is how i know they do not represent real change.

      Here is a saying we all should get used to no matter who wins in November…..“Just because everything is different doesn’t mean anything has changed.”

      Report Post » soybomb315_II  
    • qpwillie
      Posted on August 7, 2012 at 5:18pm

      @soybomb315_II
      That just sounds like Paulbot babble.

      0bama will destroy the country permanently – Romney won’t. That’s what it boils down to.

      Report Post » qpwillie  
    • soybomb315_II
      Posted on August 7, 2012 at 5:29pm

      the Constitution is already destroyed

      Report Post » soybomb315_II  
    • qpwillie
      Posted on August 7, 2012 at 5:49pm

      @soybomb315_II
      If 0bama gets to finish what he’s doing, YOU AIN’T SEEN NOTHING YET.

      I suggest you go back through the decades and find out what 0bama has in mind and compare it to what he’s done so far.

      Alex Jones picks out a selected list of votes and actions and uses it to lead y‘all off in the exact opposite direction from what’s actually happening.

      Report Post » qpwillie  
  • RightUnite
    Posted on August 7, 2012 at 3:46pm

    Wow!! The spin masters are going to work on it I see!!

    Report Post »  
  • Best_Patriot
    Posted on August 7, 2012 at 3:44pm

    There’s no question that Romney demonstrated IN FAVOR of the Vietnam war while conveniently dodging the draft as a privileged son.

    Report Post » Best_Patriot  
    • Anonymous T. Irrelevant
      Posted on August 7, 2012 at 4:31pm

      At least he didn’t have to fake his draft card.

      Report Post » Anonymous T. Irrelevant  
    • RJJinGadsden
      Posted on August 7, 2012 at 5:03pm

      BEST_PATRIOT, Romney is only slightly older than me, and I recall the draft ending while I was in High School. Does that still make him a draft dodger, and BTW, just how many years did you serve in the military? After getting my education I served until I retired.

      Report Post » RJJinGadsden  
    • AvengerK
      Posted on August 7, 2012 at 6:28pm

      HORSE’S ARSE..your statement is like Harry’s “the word is out”. Merely wishing it was so doesn’t make it so.

      Report Post »  
    • HorseDancer
      Posted on August 7, 2012 at 6:58pm

      RINGWORM . . .You weren’t in Wisconsin yesterday by any chance?

      Report Post »  
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