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vinny9698

(1,016 posts)
Mon Aug 6, 2012, 09:53 AM Aug 2012

We don't pay taxes. Only the little people pay taxes," billionaire hotelier Leona Helmsley

This is the 1% mantra. Mitt would be disowned and kicked out if he paid any income tax.
His investors would leave his Bain Capital, if they knew they had to pay income taxes. Why do you think they pay tax attorneys the big money? Why the offshore accounts?

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We don't pay taxes. Only the little people pay taxes," billionaire hotelier Leona Helmsley (Original Post) vinny9698 Aug 2012 OP
Ann Romney update: "Only you people pay taxes." tanyev Aug 2012 #1
Only you people keep to the limits for your IRA? Ian62 Aug 2012 #2
And it's only gotten worse since then, and the greedy swine are not even grateful. nt bemildred Aug 2012 #3
 

Ian62

(604 posts)
2. Only you people keep to the limits for your IRA?
Mon Aug 6, 2012, 11:40 AM
Aug 2012
http://www.bloomberg.com/news/2012-07-15/the-secret-behind-romney-s-magical-ira.html

The most mysterious of the unexplained mysteries about Mitt Romney’s considerable wealth is how he was able to amass between $21 million and $102 million in his individual retirement account during the 15 years he was at Bain Capital LLC.
How did he do it, given the relatively small amounts that the law permits to be contributed to such a plan on an annual basis? Romney has not explained this conundrum, and seeing as he wants to become president, he would be wise to start talking -- if for no other reason than there might be many Americans who would like to emulate what he did.
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