Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

gratuitous

(82,849 posts)
6. Zero taxes? Nah
Mon Jan 23, 2012, 03:19 PM
Jan 2012

I'm thinking that if Mitt liquidated some stock holdings at a loss to self-finance his vanity run for President in 2008, he very carefully documented every penny of that loss, and made damn sure it was deducted from his taxable income. He probably got a refund. And, by re-classifying his "loan" as a "contribution," the IRS was stuck with trying to tax the Mitt Romney campaign for its huge windfall, and having to write off any taxation of the repayment of the loan back to Mitt (since Mitt would never be repaid by his own campaign).

This could be yet another reason that this year's presidential candidate Mitt Romney wants nothing to do with disclosing the financial dealings of past years' Mitt Romney. And you suckers who work for a living can just piss up a rope.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»Hmmm....Did Romney Pay ZE...»Reply #6