Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Swede

(33,244 posts)
Mon Aug 6, 2012, 11:51 AM Aug 2012

Unfazed Harry Reid Keeps Hammering Romney On Taxes

“Harry Reid made a statement that is true,” House Minority Leader Nancy Pelosi (D-CA) told the Huffington Post. “Somebody told him. It is a fact.”

The tactics mirror a brand of vicious, no-holds-barred campaigning that Republicans have in recent decades bested Democrats at using.

“It’s a boxer’s instinct,” Reid’s spokesman Jentleson told the New York Times. “You find your opponent’s weak spot, and until he finds a defense, you keep pounding it.”

http://2012.talkingpointsmemo.com/2012/08/harry-reid-mitt-romney-taxes-10-years.php?ref=fpnewsfeed

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Unfazed Harry Reid Keeps Hammering Romney On Taxes (Original Post) Swede Aug 2012 OP
Just pondering - could no taxes relate to the multi-million dollar IRA? karynnj Aug 2012 #1
what about pension transfers? I know my husband's company pension got dissolved and they had the Laura PourMeADrink Aug 2012 #2
reposting a good article about how Reid has "nothing to lose" Laura PourMeADrink Aug 2012 #3
The more interesting question is how COLGATE4 Aug 2012 #4

karynnj

(59,503 posts)
1. Just pondering - could no taxes relate to the multi-million dollar IRA?
Mon Aug 6, 2012, 12:05 PM
Aug 2012

Romney's income could have been all from assets in tax shelters and his Bain money that he got even after he left. What if the Bain money was given not as money but as stock of the privately held company that he - for IRA deposit purposes assigned incredibly low value - allowing him to put all of it into his IRA.

This is the only connection that I can think of where a Bain employee might have knowledge of Romney's taxes. (Not to mention, this might be that while he did not have zero taxes for any year, the Bain guy might know that he used this to evade a significant amount of taxes - and just the size of the IRA shows that he did something tricky.

 

Laura PourMeADrink

(42,770 posts)
2. what about pension transfers? I know my husband's company pension got dissolved and they had the
Mon Aug 6, 2012, 12:54 PM
Aug 2012

option to freeze it and start an IRA from scratch...or rollover the entire pension to an IRA. could it not
be from something like that?

COLGATE4

(14,732 posts)
4. The more interesting question is how
Mon Aug 6, 2012, 01:12 PM
Aug 2012

Rmoney winds up with a reported $100MM in his IRA account, seeing as annual contributions by individuals are supposedly limited ($6,000/yr at present)???

Latest Discussions»General Discussion»Unfazed Harry Reid Keeps ...