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In reply to the discussion: CU professor calls “BS” on Romney’s 13 percent tax rate claim [View all]hughee99
(16,113 posts)39. I'm sure Reid is telling the truth though there's no way to prove he's not.
You're right, though, I have no idea whether his contact is.
Romney will eventually release his returns. My theory is that his returns won't show anything overly embarrassing (maybe his rate will be a low or he'll have some odd deductions, but nothing big). The reason he's holding them back is because he lied on them. He doesn't want to make them publicly available because someone out there will dig into it and figure it out given enough time. Once the election is over, he'll be president and can bury them, or be a failed candidate, in which case no one will give a shit. I expect to see returns around mid-october.
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What in the world is this man griping about? The fact that you can use capital losses to offset
dkf
Aug 2012
#1
if ALL you have is capital losses, that is fine. but realizing losses while carrying gains....
unblock
Aug 2012
#6
harvesting naturally occuring losses is different from designing artificial losses to harvest.
unblock
Aug 2012
#43
i have no proof rmoney did it, but here's the strategy, and yes people have done this:
unblock
Aug 2012
#45
i'm not suggesting that the capital gains disappear, only that they're deferred.
unblock
Aug 2012
#51
you close out the short a and then re-establish it for the same amount 31 days later.
unblock
Aug 2012
#53
there are all sorts of ways around all sorts of problems. if you're rich, at least.
unblock
Aug 2012
#57
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
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