General Discussion

FreeState

(10,570 posts)

107. The Mormon church had nothing to do with this

Tue Oct 30, 2012, 01:00 AM

Oct 2012

The way this once legal scam works the person with the money sets up a fun that gains interest that is set aside to be given when they die. At one point anyone with money could do this and designate it as a future donation to any non-profit group (Be it the Mormon Church or the Girl Scouts). The Mormon church more than likely didn't know this existed - they would not find out until Rmoney dies and what ever he has left in the account is given to the church at that point.

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Highlight:

Bloomberg News: Romney ‘rented’ Mormon church’s exemption to defer taxes for 15 years [View all] theglammistress Oct 2012 OP

Grand Scale Grifter byeya Oct 2012 #1

I've always thought of him as a grifter, it's not an often used word when describing him nc4bo Oct 2012 #14

The entire LDS religion is a "grift". xtraxritical Oct 2012 #104

Or world class businessman. Kablooie Oct 2012 #115

He's such a great guy meadowlark5 Oct 2012 #2

Yes sir, him and Ryan, hurray for me the Hell with you. oldbanjo Oct 2012 #29

1996+15=2011 GeorgeGist Oct 2012 #3

^ + 1,000 n/t upi402 Oct 2012 #7

Harry Reid knew WTF he was talking about! Cosmocat Oct 2012 #56

+1 freshwest Oct 2012 #109

+ 1,000 Berlum Oct 2012 #123

"1996+15=2011" 6502 Oct 2012 #121

Well, the OP said he could defer for at LEAST fifteen years Wednesdays Oct 2012 #127

There would likely not be much to see at the end of the CRUT. Ms. Toad Oct 2012 #135

I knew his refusal to release more tax returns had to do with the Mormon Church.... Sekhmets Daughter Oct 2012 #4

Didn't he say he did not want to reveal how much he had donated to the Church? merrily Oct 2012 #118

The LDS Church DEMANDS 10% of the Gross... Sekhmets Daughter Oct 2012 #131

This needs to stay bumped to the top with the hurricane stories theglammistress Oct 2012 #5

KICK jsmirman Oct 2012 #91

I don't think we have a word in the English language that conveys the level of corruption factsarenotfair Oct 2012 #6

K&R Whovian Oct 2012 #8

My word for it: DESPICABLE. reformist2 Oct 2012 #9

No, that's femrap Oct 2012 #87

WTF? I need to declare myself a church. nt TBF Oct 2012 #10

Bump! nt. OldDem2012 Oct 2012 #11

K&R! smirkymonkey Oct 2012 #12

Rmoney has skated with virtually zero vetting in the press. AtomicKitten Oct 2012 #13

let's see some of those asshats on MSNBC try to redeem themselves Whisp Oct 2012 #41

I'd put my money on Martin Bashir. AtomicKitten Oct 2012 #73

Keeping it kicked aint_no_life_nowhere Oct 2012 #15

No problem, should the GOP control all three branches. BadgerKid Oct 2012 #18

It has my head spinning PatSeg Oct 2012 #40

It seems to work like this. Igel Oct 2012 #69

Thanks for that aint_no_life_nowhere Oct 2012 #90

The bottom line is at the end of the article. mojowork_n Oct 2012 #94

kick Sedona Oct 2012 #16

Wow, the wrongness of that man keeps growing Bettie Oct 2012 #17

What a sociopathic scumbag! hogwyld Oct 2012 #19

Rec'd and shared! VenusRising Oct 2012 #20

So Harry Reid was right malaise Oct 2012 #21

Kicked and recommended. Uncle Joe Oct 2012 #22

K&R pa28 Oct 2012 #23

Planned Parenthood Charitable Remainder Trust Program dems_rightnow Oct 2012 #24

I read the article and I don't think I get how it works. maxsolomon Oct 2012 #67

Despicable and unacceptable from a candidate for President. Barack_America Oct 2012 #25

So call Harry Reid a liar now. Guy Whitey Corngood Oct 2012 #26

Harry Reid knew WTF he was talking about! Cosmocat Oct 2012 #58

I've talked mad shit about Reid in the past. I take it all back. nt Guy Whitey Corngood Oct 2012 #71

K&R Canuckistanian Oct 2012 #27

Yeah, Reid knew this through his contacts in Mormon church, but probably wouldn't have released northoftheborder Oct 2012 #48

Shout this from the rooftops! Blue Idaho Oct 2012 #28

K&r... spanone Oct 2012 #30

Ugh. bluestate10 Oct 2012 #31

Our heaven05 Oct 2012 #32

Stop condemning all the press! mrsadm Oct 2012 #65

oh please! heaven05 Oct 2012 #128

Damn him to hell !! kentuck Oct 2012 #33

Kick!!! felix_numinous Oct 2012 #34

HUGE K & R !!! WillyT Oct 2012 #35

If Romney wins, Unknown Beatle Oct 2012 #36

He ain't winning DainBramaged Oct 2012 #37

Apparently a tax scam. Basically little actually goes to a charity. pinto Oct 2012 #38

Where's the frigging IRS when you actually need them? kentuck Oct 2012 #39

Busy auditing working Americans who earn less than $50,000 per year. LuckyLib Oct 2012 #79

Hoooly fargin shite! MynameisBlarney Oct 2012 #42

'Cause you can't spell Kick without Ick... AzDar Oct 2012 #43

What a toad, and 1,000,000+ all of the great negative responses above. northoftheborder Oct 2012 #44

what gall for this man to run for such high office as Pres Whisp Oct 2012 #45

why do people say huge or devastating about anything mitt does willhe Oct 2012 #46

Sadly, this is true theglammistress Oct 2012 #50

I posted in on mine as well... MynameisBlarney Oct 2012 #63

Bookmarking to dig into this more later. Thanks! Lucinda Oct 2012 #47

All churches should have to pay taxes. They have to much political power to be tax exempt . OverBurn Oct 2012 #49

Yeah, but it's "immoral" for the Government to fund and operate FEMA? RVN VET Oct 2012 #51

Just call me the Church of Solly. Solly Mack Oct 2012 #52

K/R n/t Autumn Oct 2012 #53

When Churches do this type of dirty, it is just the right time to start taxing the same. kathman-duzi Oct 2012 #54

K&R myrna minx Oct 2012 #55

I had never heard of this before?? kentuck Oct 2012 #57

Kicking this Richard D Oct 2012 #59

So when they said they were giving all that money to charity? kentuck Oct 2012 #60

So does the mormon church no longer have a tax exemption? Autumn Oct 2012 #61

I think this was a special exemption just for the Mormon Church? kentuck Oct 2012 #64

The Mormon church had nothing to do with this FreeState Oct 2012 #107

Our local public radio station, WKSU, promotes these trusts Kolesar Oct 2012 #136

Ed Schultz needs to get this! NT JPK Oct 2012 #62

kick!!!!!! spanone Oct 2012 #66

K&R. nt ProudProgressiveNow Oct 2012 #68

CNN Spin: Harry Reid Lied! joeybee12 Oct 2012 #70

I would love to know whether this is something all churches enable renate Oct 2012 #72

Kick N/T mecherosegarden Oct 2012 #74

K&R any chance of this getting pinned for a while to stop it getting buried? n/t Turborama Oct 2012 #75

Zomnby is such a great guy. Up2Late Oct 2012 #76

So he lied about paying 13% in previous years? ecstatic Oct 2012 #77

Waiting for the DU scolds to come and chastise all of us for being mean to Mitt for his Mormon faith riderinthestorm Oct 2012 #78

^+1,000 and end the damn tax exemptiuons upi402 Oct 2012 #80

Well good for him. He found a way to legally cheat his country and the American people. geckosfeet Oct 2012 #81

Is the reason I am not hearing one word about this on the news is because of the storm? n/t patricia92243 Oct 2012 #82

He lied and called us small minded for asking about his taxes ecstatic Oct 2012 #84

It hasn't slowed the Benghazi-fest. libdem4life Oct 2012 #93

Kick 1 Care Acutely Oct 2012 #83

How fucking Small minded is mr mittloafLoad? nm Cha Oct 2012 #85

fifteen years of paying no taxes? spanone Oct 2012 #86

This, from the article Iwillnevergiveup Oct 2012 #88

Churches can rent their tax exemption status? WTF? David Zephyr Oct 2012 #89

They didnt - its a bad headline FreeState Oct 2012 #108

FUCKEN TAX EVADING WEASEL!! Segami Oct 2012 #92

tax laws are written BY the rich, and FOR the rich. BlueMan Votes Oct 2012 #95

I am weary now theglammistress Oct 2012 #97

Well, if hate is being flung your way Iwillnevergiveup Oct 2012 #98

Has Harry Reid commented? reusrename Oct 2012 #96

Do I have this correct? aquart Oct 2012 #99

K & R --- Thanks for the link. --- (eom) Petrushka Oct 2012 #100

Mittwitt taxivader running for a theft. lonestarnot Oct 2012 #101

K&R n/t Lebam in LA Oct 2012 #102

No Doubt libodem Oct 2012 #103

two reasons I'm glad this didn't really make the MSM today: renate Oct 2012 #105

Yes, I agree. By then, someone should've prepared a good piece/story on this. AND, liberalla Oct 2012 #120

This should be front page news jsr Oct 2012 #106

oh. my. Good. Lord. God! Divine Discontent Oct 2012 #110

Oops. blkmusclmachine Oct 2012 #111

Up ya go... n/t agracie Oct 2012 #112

Willard Romney's swinistic greed... Unca Wiggilie Oct 2012 #113

Vietnam exemption and now this dextermorgan Oct 2012 #114

K and R. nt MaeScott Oct 2012 #116

The RepubliSuckers better be paying attention Berlum Oct 2012 #117

This is disgusting. How much more money does that greedy PIG need? PA Democrat Oct 2012 #119

I know hurricane news will dominate today but this story is too important to drop. Am kick! nt riderinthestorm Oct 2012 #122

wanna bet the msm completely ignores this story.....1...2...3.... spanone Oct 2012 #124

Does anyone really think the Mormon Church is not involved with this scam? kentuck Oct 2012 #125

Would have been nice to know this like a month ago. cbdo2007 Oct 2012 #126

Harry Reid was right. nt MrScorpio Oct 2012 #129

What a disgusting, vile POS txdemsftw Oct 2012 #130

Tax the churches. They_Live Oct 2012 #132

Once again, up yours Mitt Romney 47of74 Oct 2012 #133

Disgusting Johnny2X2X Oct 2012 #134

kick Whisp Oct 2012 #137

Mr. President is right, RoMoney doesn't need a new accountant Dollface Oct 2012 #138

Wonder how LDS would feel if every member did this?? Will the church speak up? Historic NY Oct 2012 #139

This story Iwillnevergiveup Oct 2012 #140