General Discussion

pa28

(6,145 posts)

7. I suspect he paid little or nothing in federal tax and I think he probably did it legally.

Mon Jul 9, 2012, 12:47 AM

Jul 2012

In my world things like 401k and 529 contributions are capped and the reasons make sense to those of us who play by the rules. Your accountant also cautions you about testing the limits on your deductions because you'll probably attract attention on your return.

In Romney's world things are a little different apparently. Somehow Mitt wound up with a 100 million dollar 401k.

I think there's more here. Let's peel the onion.

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Krugman: 'We can only assume' Romney is 'hiding something seriously damaging' [View all] Newsjock Jul 2012 OP

Yep... Spazito Jul 2012 #1

As If liberalmike27 Jul 2012 #12

Your post inspired a bumber sticker idea: louis-t Jul 2012 #25

+ 1 uponit7771 Jul 2012 #32

But....he's living the American Dream....He should be aplauded for success! LiberalLovinLug Jul 2012 #34

the 99% would find out Skittles Jul 2012 #2

self-indulgent tooeyeten Jul 2012 #43

Something illegal no doubt flamingdem Jul 2012 #3

Is the Neighborhood Watch giving Mr. Krugman a break. Dont see them rhett o rick Jul 2012 #4

Funny you should use that figure; I discovered a small cadre in my neighborhood this evening who ARE patrice Jul 2012 #6

Fantastic article. wakemewhenitsover Jul 2012 #5

George got punished for telling the truth (that he'd been coalition_unwilling Jul 2012 #15

As are the... joycejnr Jul 2012 #27

I suspect he paid little or nothing in federal tax and I think he probably did it legally. pa28 Jul 2012 #7

my take too. i doubt he did anything illegal but arely staircase Jul 2012 #35

And the hits just keep coming. DCKit Jul 2012 #8

I think you're right ailsagirl Jul 2012 #9

You said it! Krugman is pissed! I think he's on his last nerve with CTyankee Jul 2012 #21

no need to "swift boat" when all we have to do is repeat the truth. mulsh Jul 2012 #31

K&R hay rick Jul 2012 #10

If Obama HAD to show his birth cerfiticate, certainly Rmoney can show his tax returns... Curtland1015 Jul 2012 #11

A lovely rejoinder to the birthers! joycejnr Jul 2012 #28

'I create nothing. I OWN.' That's the difference between Mitt and ProgressiveEconomist Jul 2012 #13

Romney might be just a control freak. Jim Lane Jul 2012 #14

I respectively disagree... joycejnr Jul 2012 #29

Could be this.... Scuba Jul 2012 #16

He only released his federal tax return for 2010, not ProgressiveEconomist Jul 2012 #17

That could be it. Voting in MA but claiming NH as primary residence for tax purposes. yellowcanine Jul 2012 #24

Other pols have escaped the same problem... joycejnr Jul 2012 #30

I think that muight just fall into the "WELL FUCKING DUH!" department. HopeHoops Jul 2012 #18

compared to Rmoney The Wizard Jul 2012 #19

Well he send the tax returns to the McCain campaign malaise Jul 2012 #20

I just saw that somewhere! I LOVE that line. CTyankee Jul 2012 #22

Of Course There Is Something Seriously Damaging DallasNE Jul 2012 #23

Tax Extensions IanDayre Jul 2012 #36

Thanks for that tax tip and welcome to DU IanDayre! nt riderinthestorm Jul 2012 #37

Thanks DallasNE Jul 2012 #44

MUST be hiding something! AlbertCat Jul 2012 #26

Rmoney just might kitt6 Jul 2012 #33

"Ball so hard muhfuckers wanna fine me...but first they gotta find me alcibiades_mystery Jul 2012 #38

DURec. bvar22 Jul 2012 #39

Romney has known for ten or more years that he is going to run Gothmog Jul 2012 #40

Agreed. I'm a tiny corporation and even my tax attorney/preparer makes long term plans with us riderinthestorm Jul 2012 #41

Romney explains offshore shell corporations Peaceful Protester Jul 2012 #42