Social Question

saint's avatar

What will we learn about Mitt Romney, when he releases his tax returns, that we do not already know?

Asked by saint (3975points) January 22nd, 2012

That he is worth about 250 million? That, like all good Mormons he gives 10% of his gross income to the church?
And then what?
I don’t even like the guy, and I think this tax return stuff is bullshit. I am sure if candidates never filed, or got caught cheating, the IRS would be more than willing to leak the news.

Observing members: 0 Composing members: 0

10 Answers

rebbel's avatar

That he can write?

marinelife's avatar

Nothing except that he is rich, which we already knew.

zenvelo's avatar

How he used offshore tax shelters to avoid US taxes.

Ron_C's avatar

We will learn that he is exactly as he presents himself. He is a elitist that believes that it is his turn to be president. He takes advantage of his class’s privilege to pay the least amount in taxes while enjoying the greatest benefits. I suspect that his children go to private schools and he also takes a tax credit for that.

Of course he looks pretty good compared to Gingrich and his serial unfaithfulness, being thrown out of congress and arrogant attitude that doesn’t pay anywhere except with moneyed southern elitists.

jrpowell's avatar

I’m still busy waiting for Obama’s birth certificate.

jaytkay's avatar

the IRS would be more than willing to leak the news

That happens a lot? Give us some examples.

wundayatta's avatar

The offshore stuff might be interesting. Proof of his tax rate would be interesting.

I’d also like to see his birth certificate, too. And Newt’s. Also every member of the Tea Party.

ETpro's avatar

At worst, he may have paid virtually nothing in taxes on many millions per year in income. He can use tax shelters offshoire—something we already know he has done although he claims it isn’t for tax avoidance. If not that, then why? Did he truly just want to live inside a PO box in a seedy, overcrowded building in the Cayman Islands. He can also receive income from long term capital gains but delay taking it as a distribution, thus avoiding paying taxes on it till he does decide to bank and reinvest it. He could thus put of paying any taxes till death do him part. Such loopholes are only available for people with incomes way up in the millions. In a year when income and wealth inequality has finaly come under the spotlight, it really doesn’t look good that a guy worth a quarter of a billion dollars pays next to no taxes while the average American pays between 25 and 35%. And he is running in a party that insists that the only way to help average Americans is cut their benefits and tax them more so we can give billionaires even more tax breaks. We’ve been doing that under every Republican administration now for 3 decades. Where are the jobs it’s supposed to create?

zenvelo's avatar

I did see one pundit say Romney doesn’t want to disclose because then the Mormon Church will know he hasn’t been tithing enough.

filmfann's avatar

$500,000 medical deduction for that spine-ectomy

Answer this question

Login

or

Join

to answer.
Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther