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patrice

(47,992 posts)

10. Why aren't the tax benefits he enjoys DISCRIMINATORY against incomes like mine?

Fri Jan 20, 2012, 06:51 PM

Jan 2012

http://www.epi.org/blog/mitt-romney-loves-tax-subsidies/

"It should be noted, however, that Romney does benefit from the carried interest loophole, a defect in the tax code that allows private equity and hedge fund partners to reclassify their compensation as capital gains and thereby enjoy the 15 percent rate on all of their income, not just their capital income. But this loophole only exists because capital income enjoys a preferential tax rate in the first place."

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Romney offshore accounts contain up to $32 million [View all] kpete Jan 2012 OP

Here comes Jeb Kingofalldems Jan 2012 #1

No. Too soon. DeathToTheOil Jan 2012 #7

Why can't we raise the same issues about the Bush dynasty? patrice Jan 2012 #11

He's got more baggage than the American Tourister Chimp. MADem Jan 2012 #54

LOL avaistheone1 Jan 2012 #60

"P'shaw. $32 Million? That's nothing, my friend." tanyev Jan 2012 #2

PO Boxes = Corporations = People ... my friends. JoePhilly Jan 2012 #3

That's not much. sarcasmo Jan 2012 #4

Dude is toast...nominate him BeyondGeography Jan 2012 #5

I am really baffled by this: tosh Jan 2012 #6

You aren't baffled Thrill Jan 2012 #8

Interest rates... daleanime Jan 2012 #13

The 99 can't have money to put into it. -- okay you contribute $1,000 a year underpants Jan 2012 #27

He's Mormon, $6000 for every wife itsrobert Jan 2012 #18

maybe he hides his 400 wives in the Cayman Islands too? Rosa Luxemburg Jan 2012 #25

Good one. maryallen Jan 2012 #48

The WSJ had an article on "Romney's unorthodox IRA" antigop Jan 2012 #19

If I was as smart as Mitt golfguru Jan 2012 #35

TThe WSJ Link Was Very Insightful DallasNE Jan 2012 #38

Not quite true Sgent Jan 2012 #39

It Looks Like We Need To Split The Difference DallasNE Jan 2012 #41

Those look about correct Sgent Jan 2012 #49

This Is From Memory DallasNE Jan 2012 #52

You can open a stock fund within your IRA. I have one and made some efhmc Jan 2012 #20

you're talking about a Roth IRA, which has this limitation- a regular IRA doesn't wordpix Jan 2012 #29

Roth's and IRA's Sgent Jan 2012 #40

Insider trading, tosh. xtraxritical Jan 2012 #44

I see that now... tosh Jan 2012 #46

Betcha $10,000 there's more. Octafish Jan 2012 #9

He's better off in the Caribbean jmowreader Jan 2012 #24

Exactly... xtraxritical Jan 2012 #45

reports say he has offshore acct(s) in Bermuda, too wordpix Jan 2012 #55

Why aren't the tax benefits he enjoys DISCRIMINATORY against incomes like mine? patrice Jan 2012 #10

that's a good point, maybe DU should bring a class action suit based on Equal Protection clause wordpix Jan 2012 #31

Just the kind of leader we need JJW Jan 2012 #12

Question for the next debate gratuitous Jan 2012 #14

holy buckets n/t riverwalker Jan 2012 #15

He's creating jobs for Caymanians. nt valerief Jan 2012 #16

Why such a large spread? itsrobert Jan 2012 #17

Just a little walkin' around money PuffedMica Jan 2012 #21

You never know when you'll need to make a bet. nt woo me with science Jan 2012 #57

Ed Schultz and Mike Papantonio just discussed this. tabatha Jan 2012 #22

I was just coming here to post what Papantonio said today when he filled in for gateley Jan 2012 #23

You summarized it better than I did. tabatha Jan 2012 #28

You saw them on TV, I just heard Pap on the radio -- so gateley Jan 2012 #30

this is one rat fight I'm enjoying wordpix Jan 2012 #33

OK -- foreign investors. JDPriestly Jan 2012 #26

and while we're asking questions, how does he make his investors 88 pct. per year? wordpix Jan 2012 #32

Just $32 million? That is small potatoes golfguru Jan 2012 #34

That's all they've uncovered -- all that he claims. Who knows how much is hidden? gateley Jan 2012 #36

I read $100 M somewhere wordpix Jan 2012 #56

Yap, why put any money in Cayman Islands? golfguru Jan 2012 #58

Something Doesn't Smell Right Here DallasNE Jan 2012 #37

"used legitimately by private equity firms to attract foreign investors" annabanana Jan 2012 #42

omfg bigtree Jan 2012 #43

the good ship mittens just hit some rocks off the grand caymans. Javaman Jan 2012 #47

$32 MILLION?? Hell, I've barely got $32.00 in savings... SoapBox Jan 2012 #50

Holy shit... Hepburn Jan 2012 #51

Mr 1% for real!!! glowing Jan 2012 #53

Wow DU2012 Jan 2012 #59