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Cali_Democrat

(30,439 posts)
Mon May 7, 2012, 07:45 PM May 2012

Romney laughs at man who asks him a legitimate question about his $1.5 mil in foreign tax credits

Mitt Romney Grilled About His Taxes At Town Hall Event
by Andrew Kirell | 5:03 pm, May 7th, 2012

At a town hall event Monday in Cleveland, Ohio, presumptive Republican nominee Mitt Romney faced some tough questions from the audience regarding his taxes and how he would handle the federal government’s spending problems. On his MSNBC program, Martin Bashir aired a few of the questions to illustrate what he sees as Romney running into trouble whenever things go off-script.

One seemingly angry attendee asked Romney to explain how during an age of tough foreign competition:


UNIDENTIFIED MAN: You took over $1.5 million in foreign tax credits in ten years. Appreciate your comment.

ROMNEY: Ha ha ha. I’ll look at it.


Bashir edited the clip after that short response. But as the crowd booed, Romney did go on to say, “I’m not familiar with that [...] I didn’t think I paid any foreign income taxes, but I’ll be happy to take a look at it.”

Read more with video: http://www.mediaite.com/tv/mitt-romney-grilled-about-his-taxes-at-town-hall-event/
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Romney laughs at man who asks him a legitimate question about his $1.5 mil in foreign tax credits (Original Post) Cali_Democrat May 2012 OP
Gee it must be nice SunsetDreams May 2012 #1
We need an ad that has a continuous loop of that, esp. the little laugh... CTyankee May 2012 #2
That would be great SunsetDreams May 2012 #4
This royal twit C_U_L8R May 2012 #3
I don't really see why this is an issue Spider Jerusalem May 2012 #5
youre correct his taxable foreign investments are the issue-his response to the question was the leftyohiolib May 2012 #6
Possibly the guy EC May 2012 #10
c'mon, it's only $1,500,000.00. it's not like it's REAL money. unblock May 2012 #7
"Smithers, release the hounds." bleever May 2012 #8
What? You don't pay taxes to foreign governments? I thought everyone did. neverforget May 2012 #9
Specifically what corrupt dictatorships is Mitt financing? Isn't that the question? n/t dimbear May 2012 #11
 

Spider Jerusalem

(21,786 posts)
5. I don't really see why this is an issue
Mon May 7, 2012, 08:33 PM
May 2012

he paid tax on income from foreign investments, which was taxed at the source; the US has double taxation treaties with most countries that ensure that such foreign income, taxed at the source, is not double taxed but allowed a tax credit on US income tax returns. It's simply how the system works. I don't care much for Romney, but this isn't an issue.

EC

(12,287 posts)
10. Possibly the guy
Mon May 7, 2012, 10:06 PM
May 2012

was asking why he was making foreign investments when the U.S. needs investing in and that his paying foreign taxes proves he's investing abroad and not here.

unblock

(51,973 posts)
7. c'mon, it's only $1,500,000.00. it's not like it's REAL money.
Mon May 7, 2012, 08:45 PM
May 2012



actually, the "i didn't think i paid any foreign income taxes" is really problematic. he obviously knows he's stashed a ton of funds outside the u.s., and they're all earning more money.

could he really think he's never paid any income taxes outside the u.s.? does he think his tax dodges dodge taxes EVERYWHERE?

the truth is, "i'll take a look at it" is inartful politician-speak for "hey, i don't want to talk about that. it's not a point in my favor and i haven't formulated a politically creative defense to that yet; i'll ignore you and have my speechwriter come up with something in case the press decided to dog me on that question."
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