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dkf

(37,305 posts)

24. So we want to hit Romney for doing things that were perfectly legal at the time.

Sun Aug 19, 2012, 06:20 PM

Aug 2012

Great.

Yeah this is the exactly the kind of campaign I want Dems to run. NOT.

In the real world professionals get in trouble for not doing what they can to minimize taxes for their clients. If you had a CPA who decided to take the standard deduction for you when they should have itemized is that a good thing or a bad thing? Hey if every CPA decided their role in life was to maximize taxes paid to the government maybe we could solve things right there.

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CU professor calls �BS� on Romney�s 13 percent tax rate claim [View all] TomCADem Aug 2012 OP

What in the world is this man griping about? The fact that you can use capital losses to offset dkf Aug 2012 #1

Once again you've got the 1%'s back. kestrel91316 Aug 2012 #3

Whats he griping about? calilama Aug 2012 #5

Welcome to DU calilama...and you are right on with this one. AllyCat Aug 2012 #13

if ALL you have is capital losses, that is fine. but realizing losses while carrying gains.... unblock Aug 2012 #6

huh? naaman fletcher Aug 2012 #15

well just for that one paragraph of the explanation, sure, no taxes. unblock Aug 2012 #21

That's a loser argument naaman fletcher Aug 2012 #42

harvesting naturally occuring losses is different from designing artificial losses to harvest. unblock Aug 2012 #43

I'd love to see an actual example of this naaman fletcher Aug 2012 #44

i have no proof rmoney did it, but here's the strategy, and yes people have done this: unblock Aug 2012 #45

ok so, let's play with some numbers: naaman fletcher Aug 2012 #46

exactly. unblock Aug 2012 #47

yes of course, naaman fletcher Aug 2012 #49

It doesn't work that way. TruthAnalyzed Aug 2012 #50

i'm not suggesting that the capital gains disappear, only that they're deferred. unblock Aug 2012 #51

What difference is it supposed to make? TruthAnalyzed Aug 2012 #52

you close out the short a and then re-establish it for the same amount 31 days later. unblock Aug 2012 #53

... TruthAnalyzed Aug 2012 #54

let's just take this one part: unblock Aug 2012 #55

That is completely different TruthAnalyzed Aug 2012 #56

there are all sorts of ways around all sorts of problems. if you're rich, at least. unblock Aug 2012 #57

My point is TruthAnalyzed Aug 2012 #58

You ever hear of "artificial losses" Major Nikon Aug 2012 #9

So we want to hit Romney for doing things that were perfectly legal at the time. dkf Aug 2012 #24

Legal does not mean it's right Major Nikon Aug 2012 #25

Frankly I'm not sure why any exemption is fair and "right". dkf Aug 2012 #26

Obama doesn't take the standard deduction Major Nikon Aug 2012 #27

I wish you gave Trayvon Martin the benefit of the doubt you give Romney CreekDog Aug 2012 #31

you haven't seen his taxes, you don't know if they were legal CreekDog Aug 2012 #30

Legal? Ok, I can buy that, Dyedinthewoolliberal Aug 2012 #36

Yes, Rmoney was just "standing his ground" ashling Aug 2012 #41

I think you're focusing on the fact that something has to be illegal to be considered in play for el LanternWaste Aug 2012 #48

This is exactly what I was talking about Major Nikon Aug 2012 #61

I really really really cannot wait ... Trajan Aug 2012 #11

I hung out here for so long I started seeing the holes in the lefts arguments. dkf Aug 2012 #29

Looks like you damn Democrats with faint praise Kingofalldems Aug 2012 #34

LMFAO. You can always be counted on to... Marr Aug 2012 #14

You don't seem to mind when poor people are criticized, you even join in CreekDog Aug 2012 #18

Right On! HangOnKids Aug 2012 #22

Hard to say how ridiculous it might be quaker bill Aug 2012 #20

Our side? Kingofalldems Aug 2012 #32

"our side" - I'm pretty sure I'm not on your side. Warren Stupidity Aug 2012 #37

I can hear it now. "Technically true? That's the best kind of true!" n/t Akoto Aug 2012 #2

13% of what is the kicker. What is his effective tax rate? Show us the returns Rmoney! riderinthestorm Aug 2012 #4

The returns wouldn't show the stuff the professor is talking about. That's the point. BlueStreak Aug 2012 #7

Do you think it would be more effective if he showed his IRS cancelled checks? riderinthestorm Aug 2012 #8

The returns would be helpful, but they may not show the sheltered income. BlueStreak Aug 2012 #10

And I wonder if 10% of the 13% is his tithe to the Mormon Church... n/t flor-de-jasmim Aug 2012 #12

We Don't Even Know That Much DallasNE Aug 2012 #16

The claim is so vague...so wishy-washy...and such bullshit. SoapBox Aug 2012 #17

i can only say this 1 million times more.... Tunkamerica Aug 2012 #19

Hello Hello 13% Like Wow Man ! YOHABLO Aug 2012 #23

"capital losses" ... I mentioned that here the other day ... zbdent Aug 2012 #28

Has he actually seen Romney's returns? hughee99 Aug 2012 #33

Well, You Don't Know if Harry Reid is Telling the Truth On the Road Aug 2012 #38

I'm sure Reid is telling the truth though there's no way to prove he's not. hughee99 Aug 2012 #39

The Fact Is That Even A 13% Rate Is Very Low TomCADem Aug 2012 #40

The Main Point Will Change in a Second On the Road Aug 2012 #59

Yet, This Embraces A Double Standard. "Mainstream" Republicans... TomCADem Aug 2012 #60

LOVE it when the experts fill us in Skittles Aug 2012 #35