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
 

rufus dog

(8,419 posts)
3. Do you think it is big risk?
Fri Jul 13, 2012, 09:58 AM
Jul 2012

It was basically a callout to release the tax returns.

Best case for Romney is he paid 14% like on the one he did release and the conversation is about how the rich pay 14 to 15%.

Most likely, seeing that he has off shore tax havens, is that he paid little or no taxes on a huge portion of his investments and that will piss off everyone except for the base. Think about how he has 100 million plus in a 401k, we know the big number, we know to get that amount at the max contribution level it would require a 21,000 percent return, so we know he used some loop hole (at best) to funnel additional cash into a tax deferred account. Then the Republicans want to reduce taxes further on rich so what would happen is that he would never touch this money, when he dies it transfers to his kids with no tax ever being paid. Again, the average Joe who is scrapping along is going to be pissed off about the different set of rules.

Recommendations

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

Latest Discussions»General Discussion»My Opinion »»Reply #3