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Justice wanted

(2,657 posts)
Fri Aug 3, 2012, 11:36 PM Aug 2012

What would we find if we saw Rmoney's tax returns? Any answer goes .,..

Just for a Friday... Let's start guessing and IF these returns are ever revealed we can see who is close to the truth.


I have two theories going:


1st one is kind of out there but...What if he has his own "Big Love" going on. What if Ann is the "Show Wife" and Mitt actually has a couple more wives and a bunch of other kids AND when people start tracing bank accounts that is how He would be found out.


The Second one is more real and I think closer to the Truth. Mitt IS NOT a Millionaire but BILLIONAIRE On the Level of Koch Brothers Billions BUT he has hidden the money.



Anyone else have a guess?

14 replies = new reply since forum marked as read
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The Velveteen Ocelot

(115,719 posts)
1. The first suggestion is completely ridiculous.
Fri Aug 3, 2012, 11:42 PM
Aug 2012

The second is not. I suspect he has a whole lot more money than anybody knows about. I also suspect that his effective tax rate is absurdly low: even if the speculation that he hasn't been paying any federal income tax at all proves to be untrue, I think we would find that what he has paid is a much smaller percentage of his income than the rest of us peons are stuck with.

RedStateLiberal

(1,374 posts)
2. Salon.com has a good article with 10 theories:
Fri Aug 3, 2012, 11:44 PM
Aug 2012
http://www.salon.com/2012/08/03/10_theories_on_romneys_taxes_salpart/

1. Mormon Tithes
2. Things That Might Infuriate the Base
3. Harry Reid, Lazy Blogger (he paid no taxes for 10 years)
4. It’s the IRAs
5. The Mini-Mitts (trusts for his kids)
6. Is It All About 2009? (paid no taxes?)
7. CEO, President and Chairman of Bain
8. Is Mitt a Felon?
9. Are There Other Non-Disclosures?
10. There’s Nothing – It’s Just His Sense of Entitlement

My guess is it's #7. He's been lying about his Bain record and his tax returns will reveal the truth. His business experience is his admitted primary qualification for being president but he doesn't want to be held accountable for what Bain did post '99 when he supposidly left to run the Olympics. We know he was listed as CEO after that but his tax records will show he profited from Bain's destroying companies and outsourcing jobs overseas.

Justice wanted

(2,657 posts)
6. My friend has been playing around with idea #7. My friend is wondering IF part of Mitt's
Sat Aug 4, 2012, 12:02 AM
Aug 2012

"retirement" isn't a REAL retirement BUT in fact he is a Silent HIDDEN Part of Bain Capital still. Making money on Bain and the sub companies.

Kalidurga

(14,177 posts)
12. Good list I have checked those I think are true or could be.
Sat Aug 4, 2012, 12:13 AM
Aug 2012

1. Mormon Tithes check If he has to tithe income only, perhaps he isn't counting his interest as income.

2. Things That Might Infuriate the Base check He may have donated to a lot of liberal causes.

3. Harry Reid, Lazy Blogger (he paid no taxes for 10 years) checkThe story gained legs when it was sort of confirmed by Dana Bash

4. It’s the IRAs check, double check It is very suspicious that his IRA fund is as high as it is even if the rules for a CEO or whatever are different.

5. The Mini-Mitts (trusts for his kids) I haven't read anything about this, but I am most likely going to in the months to come.

6. Is It All About 2009? (paid no taxes?) I would check, but I think it was the whole 10 years that Reid says it was, I don't know which 10 years though.

7. CEO, President and Chairman of Bain checkThis is almost 100% certain. He used his tenure at Bain to claim residency of Massachusetts for the required 7 years so that he could run for Governor. He was in fact an illegitimate governor.

8. Is Mitt a Felon? check Is being an illegitimate Governor a felony? J/K sort of he was. But, I am sure he has committed more than one felony only time will tell how many if he is caught.

9. Are There Other Non-Disclosures?

10. There’s Nothing – It’s Just His Sense of Entitlement I can't check this because I think it is something and it's his sense of entitlement to cover it up.
 

NYC_SKP

(68,644 posts)
4. A thorough forensic financial investigation would reveal a great deal more than IRS docs.
Fri Aug 3, 2012, 11:47 PM
Aug 2012

And I suspect you're right, he's a billionaire and more.

And it's been suggested that his accountants are, at this very moment, manipulating his most recent filings to put the "least bad" light on them.

But, access to all of his IRS forms is just the tip of the iceberg.

Such is the system.

Brewinblue

(392 posts)
9. Agreed, it has to be the income from all his offshore funds being completely left off
Sat Aug 4, 2012, 12:07 AM
Aug 2012

his income tax returns. Which would be fraudulent tax evasion

maggiesfarmer

(297 posts)
13. I don't think he left them off, I think they're on the returns
Sat Aug 4, 2012, 07:59 AM
Aug 2012

which is legal, but shows the American public that he's figured out how to earn millions annually in interest income without paying US federal income taxes.

chknltl

(10,558 posts)
7. Jeff Gannon listed as a dependent.
Sat Aug 4, 2012, 12:04 AM
Aug 2012

....a VERY expensive dependent.


Well it IS Friday and you said we could give ANY answer and Mitt IS a republican with SOMETHING in his closet behind his pink tu-tus....so my guess is as good as any.

Retrograde

(10,137 posts)
8. My guess: voter fraud
Sat Aug 4, 2012, 12:04 AM
Aug 2012

Voting in Massachusetts while claiming to be a Utah resident for tax purposes, for example. Or claiming to be a resident of multiple states when it suits him.

Or claiming Utah residency while being governor of Massachusetts.

Response to Justice wanted (Original post)

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