Proven: Either Harry Reid or his source (or both) lied [Update: Sully forth!]

Bird Dog's picture

And this presumes that Douchebag Reid actually has a source (yes, I'm not yet done using a colorful, descriptive term for one certain politician). First off, the charge:

"The word's out that he [Romney] hasn't paid any taxes for 10 years."

Since he made that assertion, the douchebag doubled down instead of backed down.

And now here are the facts, as reported by Romney's accountants at PriceWaterhouseCoopers:

PriceWaterhouseCoopers, providing a summary of his tax returns from 1990 to 2009:

Each year during the period there were federal and state income taxes owed.
That is, there were no years during the period in which you did not owe both federal and state income taxes.
PricewaterhouseCoopers LLP is not aware of any outstanding income tax amounts for the period owed to the Internal Revenue Service or to any state tax authority.
The lowest of any annual "effective federal personal income tax rate" for any year during the period is 13.66%.
● As you requested, we computed each annual "effective federal personal income tax rate" as total taxes owed divided by adjusted gross income as shown on the federal income tax returns as prepared.
● The average of the annual "effective federal personal income tax rates" as computed based on the returns as prepared during the period is 20.20%
● The average of the annual "effective state personal income tax rates" as computed based on the returns as prepared during the period is 8.36%. "Effective state personal income tax rate" is computed as total state taxes reported as a deduction divided by adjusted gross income as shown on the federal income tax returns as prepared during the period.
● The average of the annual "Effective charitable deduction rates" as computed based on the returns as prepared during the period is 13.45%.  "Effective chartiable deduction rate" is computed as total charitable deductions divided by adjusted gross income as shown on the federal income tax returns as prepared during the period.
● Total federal income taxes owed, total state income taxes reported, and total donations deducted during the period represent 38.49% of your total adjusted gross income for the period.

Emphases mine.

UPDATE: The doubling down continues from Douchebag Reid, only this time he's inserting religion into politics.

Reid, on the conference call, said, "I agree with him [Prince]."

"He said that Romney has sullied the religion that he, Prince and Romney share," Reid said. "And he’s so disappointed that in his words, ‘It’s a good religion and he’s hiding from it.’ "

In effect, Reid is accusing Romney of sullying the Mormon faith. I'm not a Mormon, but I'm sure that a member who traffics in a Big Lie sullies not only Mormonism, but the office of Senate Majority Leader. F**king douchebag. Whether Romney is a good or bad Mormon is none of Reid's business. Last I checked, Reid's a politician, not in LDS leadership. It's not his place to judge how Mormony Romney is.

 

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Prove the intent

(#290705)
HankP's picture

[link]

I blame it all on the Internet

Don't have to

(#290711)
Bird Dog's picture

Either Reid or his source or both communicated something that they knew to be false. Under the definition, what occurred was an intentional falsehood. Or, in other words, a lie. Nice try, though. I expect lots more wriggling to occur from the hyperpartisan Left.

 

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

"That they knew to be false."

(#290715)

How could you possibly know that for a fact?

M Aurelius was probably right.

Reid Claimed A Source With Direct Knowledge

(#290717)
M Scott Eiland's picture

1) The "direct knowledge" is now known to be false ("meaning of 'is' quibbling notwithstanding);

2) If Harry made up his source, he was lying all along;

3) If Harry actually did have a "source" but knew the source was full of Wasserman-Schultz, then they were both lying;

4) If Harry actually did have a "source" but didn't know he was lying, then only the "source" was lying (since he claimed direct knowledge, the "mistaken" dodge won't fly).

*smirks* Q.E.D.

The universe may well have been created without a point--that doesn't imply that we can't give it one.

5) "Direct" knowledge might be access to Bain accounts

(#290723)

or other financial information, but not IRS returns. "Direct" knowledge could even include someone who spoke to Romney, heard Romney bragging about paying zip in taxes, etc., in which perhaps Romney would be the liar.

 

Q.N.E.D., try to be patient.

M Aurelius was probably right.

Meh

(#290727)
stinerman's picture

The source either made it up (or based his arguments on bad information).

 

Like I said a zillion times, Reid had no good basis to make the claim and he shouldn't have made it without providing independently verifiable evidence.

 

At this point it's a stretch to believe anything other than:

 

1) Reid lied

2) The source lied

 

Although it's still possible that neither is the case, it isn't at all likely.  If it was Reid, that's pretty darn low.

 

Of course the real news is that Romney could have gotten away by paying 9% on $13.7 million.  I don't pay a whole lot in income tax, but even I pay more than that.  Our tax laws are seriously screwed up.  He should easily be paying 3 times that amount if not 4 or even 5.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

The truly hilarious upshot of all of this will be

(#290730)

Mitt paid how much on his tax returns??!! Even if Reid did tell an outright lie*, it will have been more than worth the small ethical lapse to focus the national conversation on our tax system and the man who wants to make it a thousand times more regressive. (Mitt's effective tax rate under the Ryan budget would be somewhere around 0.82%).

 

*Facts not yet in evidence, counsel for the right's imaginative logic notwithstanding.

M Aurelius was probably right.

"he shouldn't have made it without providing independently

(#290805)

verifiable evidence."

 

Says who?

 

First, "not providing independently verifiable evidence" does not a liar make.

 

Second, I think any presidential candidate who won't release his or her tax returns should be the recipient of every smear possible. It is sad that only Harry Reid is doing what he shuld in this instance. Having a cynical tax cheat for president is much worse than, gasp, charges made w/out "providing independently verifiable evidence."

 

This is the kind of weenie thinking that allows a tax dodger who won't release his tax returns to continue masquerading as a respectable candidate for the nation's highest office.  

Says me

(#290815)
stinerman's picture

Once again, I believe it's better to play by the rules and lose than to play dirty and win.  I don't believe tax returns should matter anyway.

 

Making unverifiable statements about a candidate is playing dirty as far as I'm concerned.  People shouldn't do it.  If Republicans do it, then bad on them.  That doesn't mean Democrats have to or get to do the same.

 

I'm genuinely interested in why a candidate's tax returns should matter.  Is it some sort of revelation that Romney is quite rich and gets the vast majority of his income from capital gains rather than earned income?

 

 

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

Simple self interest

(#290818)
HankP's picture

if a candidate has, let's say, a huge investment in copper mines, wouldn't it be of interest to know that? Especially if the candidate is pushing an initiative to increase price supports for copper?

 

Seeing what's in a candidate's personal interest is helpful in determining the value of the policies they're promoting.

 

What do you think the reaction would be if MA and I pushed for a rule change that immunized system administrators from the posting rules?

I blame it all on the Internet

This is the only site I know that allows sysadmins to be blocked

(#290821)
mmghosh's picture

by a commentariat - is this a widely-admired model on the Net?  Let alone be criticised.

 

So perhaps this a not a popular model, actually.  It is maybe not appreciated even within the community, witness the relative falloff in participation in 2012 to, say, 2008.

It is Good Unto the Eyes of the Lord...he/she Saw...

(#290822)

 

...and said this is Just, let this Justice spread across the internet or I will smite a thousand servers.

 

So note and note well that this is a Godly model on which you disparage.

 

Traveller

 

Yes, I know it's lower case in the subject line.

I don't disparage the Forvm model at all. Its a good exercise

(#290855)
mmghosh's picture

to be criticised for an opinion (which is what most of what a comment amounts to).  

 

But its not popular, that you must admit.  

 

Especially if you find people espousing what you personally do not like, and that robustly.

I Was Funnin` You....But...We All Need an Audience...

(#290856)

 

....This is mine.

 

I am too often right wing for Kos, and have been banned from several tighty-whitey sites for being a commie-leftist-pinko.

 

Being banned here and there and wherever becomes tiresome quickly.

 

I don't mind people taking issue with me or my thoughts...but stupid people are...stupid. Does one really want to engage in conversation with them?

 

People here are at least smart.

 

Listen, because I hang with a lot of righties, they have trouble with cognitive dissonance...two or three thoughts at the same time that challenge them are problematic. It goes with the personality type.

 

Long live the Forvm.

 

I've seen a lot of things come and go, sites disappear all the time...Take care of your Home, that's my message.

 

Do you have a better place to hang?

 

Best Wishes, Traveller

I don't Need an Audience

(#291024)

Just a few good people to bounce my thoughts against.

 

Even more important, a few good sets of eyes looking out at the world from different perspectives, but a common wish to engage those outside their tribal comfort zones.

 

And this place provides both, amply so.

I am not a pessimist. I am an incompetent optimist.

To be accurate

(#290823)
HankP's picture

it's the only site where the sysadmins agree to follow the rules and refrain from posting when suspended. MA and I can't actually be blocked, we have to be available if there's a technical problem with the site. The only way to have us be actually blocked would be to make the mods the sysadmins, and holy cow is that a scary thought.

 

Lots of blogs have the technical experts or sysadmins separate from the ownership, so it's not an issue for them.

 

But yeah, we're strange in a lot of ways.

I blame it all on the Internet

There was a change...

(#290824)

...in measurement of page views a couple of years back.

Actually the falloff from 2008 is less than shown and there has been some pickup this year, probably due to the elections. I'd be happy with marginal growth every year, nothing explosive.

Echo chambers are easier to run and much more popular, unfortunately.

At the same time, nobody is making a serious effort to popularize the site. That might or might not work, but nobody is trying. So I would not reach too many conclusions on the viability of the Forvm model.

I'll tell you one thing, though, it probably does not scale. We could retain our character up to about 4x this size or so (two doublings). More than that and it would no longer be a flat collective. It would become a star system, with a few big names and everybody else. I think we are all instinctively aware of this, so that's why nobody bothers pushing growth.

I am not a pessimist. I am an incompetent optimist.

I think it's fair to say

(#290843)
HankP's picture

that we've lost more people than we've gained. But in the context of what's happened to blogging in general, I don't think that's surprising. In fact I think we've done pretty well keeping it going as well as we have. Blogging seems to have stratified along the "winner take all" model, we're not quite big enough to break through to widespread popularity. Not to mention that we're pretty brutal on people who can't back up their opinions, which is one of our features but also restricts our potential pool of participants. People here like being challenged, that doesn't seem to be true of most people I see posting on the internet.

 

I had to laugh about you "star system" remark, I really like you guys but I just don't see it happening here.

 

I blame it all on the Internet

I'd Be For It

(#290829)
M Scott Eiland's picture

As long as the rule and the reason for it was prominently listed:

"The sysadmins, [list names], who spend a great deal of their own time keeping this site running to our profound benefit, are not subjected to being suspended or banned under the rules of this website."

Oh, but with the following additional notation:

"It is the right of any commenter on this site to point out when a sysadmin is engaging in behavior that would violate the site rules if engaged in by a non-sysadmin, though such a comment should be delivered in a direct and reasonably polite manner."

The universe may well have been created without a point--that doesn't imply that we can't give it one.

I wouldn't

(#290838)
HankP's picture

I don't believe in the "some people are more equal than others" model.

I blame it all on the Internet

Except That In Practice It Amounts To That Anyway

(#290840)
M Scott Eiland's picture

And it has, IMO, helped generate a fair amount of the unpleasantness here in the past couple of years. An explicit policy that made sure everyone knew what the situation was and gave all parties a means of addressing grievances without dragging the moderators into it would be superior.

The universe may well have been created without a point--that doesn't imply that we can't give it one.

No it doesn't

(#290846)
HankP's picture

I've been suspended before, more than once. Others have not been for obvious (IMO) PRVs. Each group of mods has their own standards for how they judge and police the site.

I blame it all on the Internet

Only Once, IIRC

(#290848)
M Scott Eiland's picture

The moderator who was at the forefront of that action is no longer on the troika. Also, at least one member of the current troika has stated his unwillingness to suspend you under any circumstances, though it took only about a month before he decided to give you a yellow card notwithstanding those very recent sentiments. I think that it is rather obvious that there is a rather heavy reluctance to subject you to the same standards as other posters here, including former moderators (the same may be true of MA, but the proposition has never been tested since I can't remember him getting as much as a mild complaint from any posters here regarding alleged violations of the posting rules--a rather remarkable accomplishment).

The universe may well have been created without a point--that doesn't imply that we can't give it one.

I tried to hold Hank to the same standard

(#290850)

and often see him back down when asked.

 

I think I've done the moderator thing twice and had the sense that everyone else I was moderating with didn't give Hank special treatment when it came to PRVs. 

 

Hank comments too much to even consider making him an exception to the posting rules.

 

IMO if there's a leniency issue it's pretty mild and not a special sore spot for the site.   

Except That. . .

(#290851)
M Scott Eiland's picture

. . .it seems to be a recurring issue in at least one, if not two of the most common recurring PRV and suspension generating commenter situations on this site. My recollection suggests that a significant triggering factor in a number of those situations was the perception of that commenter that the person who was provoking him was not being treated equally under the rules. Ultimately, it doesn't matter as far as that person being suspended--the rules are that provocation is not a defense against PRV discipline. However, if a commenter is allowed to provoke another with relative impunity, it makes it less pleasant for the rest of us around here and particularly for the troika--which I believe is the main reason that Darth and Stine have felt moved to comment.

The universe may well have been created without a point--that doesn't imply that we can't give it one.

That's a different story

(#290868)
stinerman's picture

His assets, yes.  I'd expect to know those.  That is very much relevant.  If you want to make the case that a tax return is the best/easiest way to know a candidate's assets, we can talk about that.  But the amount of tax liability a candidate has and how it got to be as such is not relevant to if the fitness of the individual running for office.

 

I have no idea how this comment is germane to what we're talking about.  In other words, I don't understand.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

It would be instructive to learn

(#290877)

..just how aggressive Gecko has been in the past when submitting his accounts of taxes owed to the Federal govt. and if he paid any penalties or received any amnesty. We already know his attitude is to pay only what is legally owed and not a penny more. For most of us that is a simple if tedious book keeping exercise. For the Romney's of this world what is 'legally' owed is very much a grey area worth hiring high priced tax accountants and lawyers charged with minimizing tax liability by shielding income.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Quite so

(#290885)
stinerman's picture

I just looked back at my 2011 taxes.

 

100% of my income was from a W2.  I took a student loan interest deduction, a standard deduction, and one exemption.  I maxed out my HSA contributions (technically my employer did, but it's all the same).  Done.  3 pages.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

His tax returns are the only way to find out

(#291007)
HankP's picture

what assets he's held, bought or disposed of. He's not making that information available in any form, so the tax returns are the only source.

 

So if you think it's worthwhile to know what assets Romney has or had, then you support the release of his tax returns.

 

Also, his tax liability is germane insofar as determining what kind of strategies he uses in computing his taxes. When you talk to a CPA about preparing taxes, they ask how far you want to push it with the IRS - safe, average or pushing the limits (as in making questionable claims for deductions or offsets). I think that's something people would like to know about a candidate.

I blame it all on the Internet

Some of us wish your rule-following approach

(#290827)

could direct itself toward the obvious tax evader who won't release his tax returns.

 

Your personal opinion about tax returns not mattering to political campaigns is very wrong for at least 10 reasons, but it's entirely irrelevant here, since Romney isn't failing to release his tax returns on some odd principle that they ideally shouldn't matter.

 

Have you figured out yet that Romney isn't releasing his tax returns b/c, obviously, he hasn't followed the spirit and perhaps the letter of the most basic laws of the country?

 

No one expects the Republicans on this site to admit this, but I'm mystified that all you've done is wag your finger at the people who've applied pressure on Romney to come clean -- a man who would be president and who we have every reason to believe is a tax dodger.

 

If you're going to approach a politics with incessant rule-following, at least recognize when the more important rule is being broken.

Birther Logic

(#290831)
M Scott Eiland's picture

Obama spent years refusing to produce a document he clearly had the power to have produced. . .remind me what he was supposedly hiding again?

The universe may well have been created without a point--that doesn't imply that we can't give it one.

No one can help you

(#290832)

if you can't distinguish between presidential candidates releasing their tax returns and long-form birth certificates.

 

George Will of course shows the twisted birther logic that would lead anyone to believe that Romney is hiding anything by being the first presidential candidate to release so few returns in at least 5 decades:

Srsly, you believe Mitt Romney has nothing to hide

(#290835)

in his tax returns?

 

And why do you believe that he's taking a political hit by not following tradition in releasing them, including in poll after poll of independents on the issue, and including from high profile Republicans like Bill Kristol, George Will, and a couple of Republican governors?

 

This is nothing like Obama's position, who was solely attacked by the loony right wing fringe, and who had nothing in the least plausible to hide.

 

I guess if you equate common sense to birther logic, you must be a Mitt Romney supporter?

I believe he's got something to hide

(#290874)
stinerman's picture

The fact that he pays (legally, natch) an insanely low effective tax rate for his income.  That's the story here.  That someone who made several million dollars last year got to pay 9% of it in taxes.  I'd wager that everyone here pays a higher percentage than that.  As I said before, he should be paying 5x that.

 

Americans largely assume the rich pay the top marginal rate because they assume everyone makes money through labor.  This shatters that myth completely, and it's one that has kept a lot of folks against raising those rates.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

That's birtherism!

(#290888)

You're inferring from lack of a released document that Romney has something to hide!

 

Welcome to the tax birther crowd, stinerman. MScott will be along to point out your equivalence to those who believe that Obama is a secret foreigner.

 

As for an "insanely low effective rate" - why do you assume that's what's being hidden rather than receiving amnesty for an off-shore tax shelter whose use was widespread but not strictly legal? 

 

And how do you know that "insanely low" doesn't include a ten year stretch of near zero?

 

That's the point - we don't know, claims that Reid is a "proven liar" notwithstanding.

 

My best guess? Reid is probably exaggerating, though that's less certain than that Romney is hiding something very unseemly in his unreleased returns.

'claims that Reid is a "proven liar" notwithstanding'

(#290892)
brutusettu's picture

Nothing Romney has given so far shows Reid was lying.

 

 

Reid never his source saw the tax returns that PwC possibly just prepared.  The wording in the letter leaves Reid's source to be correct or for the claims of Reid to be correct or not far off at all.  I'm not sure why someone wouldn't acknowledge that.

"I’m to believe that North Korea is so dangerously unhinged that they would attack without warning – yet so meek and easily cowed that they will sit quietly and not retaliate when we start bombing them."

Major Kong

Playing the birther card? Really? nt

(#290847)
HankP's picture

.

I blame it all on the Internet

Any evidence that...

(#290867)
Bird Dog's picture

...Romney evaded taxes?

Everybody avoids taxes, it's the American way. Evasion has a specific meaning, so if you have evidence, produce it, because as it stands you're accusing him of committing illegal acts.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

Tax cheater/dodger/evader

(#290871)

I'll leave the technicalities to Romney's accountants.   

 

Adopting the specific "strictly illegal" sense, you yourself have provided some mild evidence that tax evasion and then amnesty is the reason Romney won't release his tax returns.

 

The PWC summary mildly suggests that one among only a handful of plausible competitor explanations for why Romney won't release his returns - that he paid near zero rates - isn't correct. And that raises the probability that tax evasion and then amnesty is in his unreleased returns. 

MSE is right

(#290872)
stinerman's picture

This is Birtherism applied to Romney.

 

You have a suspicion that Romney has incorrectly filed his taxes.  You can't prove that suspicion, so you ask to see documents that would confirm it.  Documents that you actually have no right to be made public.  The only documents you have a right to see are his financial disclosures required by the FEC.

 

His tax returns shouldn't matter even if he has cheated on them.  What should matter are his incredibly right-wing policies.  That ought to be enough to hang him.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

What? A known tax cheat is fit for high office?

(#290876)

But Harry Reid deserves your finger wag for doing nothing illegal?

 

That's worse than a double-standard, b/c Romney's transgressions would be worse, and you wouldn't call him on it. I'll assume you'll drop the point, b/c it's indefensible.

 

The "rights" business is an irrelevant frame. By the standard of explicit legal disclosure the public has no "right" to ever see or hear a candidate from either party. No one cares what legal "rights" the public has, that's a red herring.

 

As for birtherism, let's have some common sense. Are you honestly telling me and the rest of us who've made the entirely reasonable inference that Romney is hiding something in his tax returns that we're similar to those half wits who thuoght Obama was probably a secret foreigner?

 

Tell you what. Why don't you spell out what you think is the most likely explanation for why Romney hasn't released his returns, and we'll compare its plausibility to the explanation that he's hiding tax dodging.

It's above

(#290882)
stinerman's picture

http://www.theforvm.org/diary/bird-dog/proven-either-harry-reid-or-his-s...

 

And you keep saying "known" tax cheat.  If he is, then why isn't the IRS knocking on his door?  That's right, it isn't known.

 

 

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

I said "known" tax cheat b/c you pretended it was known

(#290893)

in your earlier comment and then said that even in that case it wouldn't matter.

 

I was astonished that you'd scold Reid for his bad, bad behavior but give a pass to Romney for cheating on his taxes (following your earlier assumption for the moment that he has).

 

Returning to reality, I see you've allowed that Romney is likely hiding something illegal or unseemly in his unreleased returns, but somehow it is still the case that the only finger wagging from you is directed toward Reid.

 

I think I see a case of contortions to appear to be a reasonable moderate when that's actually not the most reasonable position.

I'm not a reasonable moderate

(#290901)
stinerman's picture

In fact they are the problem.

 

I've staked out my positions over and over on this diary.  The long and short of it is that:

 

1) I don't believe Romney has done anything illegal.  Unseemly?  Maybe.  I have no idea what counts as unseemly because it's in the eye of the beholder.

2) The real issue is that Romney can get away with paying 9% on his income.  That's the travesty here.

3) Reid should have verified the source's claims before opening his mouth.

 

I never assumed that he did.  If he did that's bad, worse than Reid even.  If and when it comes out that Romney did do something illegal re: taxes, I'll be happy to chide him for it.  However it wouldn't matter to me in terms of voting for the guy.  Let's put it this way, if Jill Stein cheated on her taxes, I'm still going to vote for her (Rocky Anderson isn't on the ballot here).  Let's put it another way.  If John Edwards ran for President, I'd consider voting for him.  Heck, if Charles Mansion ran for President so long as he signed the good bills and vetoed the bad ones, I'd consider voting for him.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

We're not that far apart

(#290964)

I know you're not a reasonable moderate and don't like them, that was supposed to sting.

 

You don't really have any reason to believe that Romney hasn't done anything illegal. He may well be a recipient of IRS amnesty, which would explain why he hasn't released so many of his returns. It's one reasonable explanation among several.

 

You might be right that it is a bigger travesty that Romney pays 9% on income legally and out in the open, than anything specifically aggressive or lawbreaking that are in Romney's unreleased returns.

Game theory proves you wrong....

(#290962)

That being said the reason IMHO that Romney does not want to release his tax returns is that he will be a stark example of tax shifting under the bush tax cuts. Plus carried interest and the changes since the downturn. The big one is IMHO is the UBS amnesty .... Want yo bet this was what happened yo his Swiss bank account?

Ask courageous questions. Do not be satisfied with superficial answers. Be open to wonder and at the same time subject all claims to knowledge, without exception, to intense skeptical scrutiny. Be aware of human fallibility. Cherish your species and yo

Of course they matter!

(#291020)

The economic interests of a person who is president should be well understood by all.

 

Or do you think we should all pretend that by the mere act of running for high office, every person suddenly becomes objective and impartial, uninfluenced by his interests? Do you really believe that?

I am not a pessimist. I am an incompetent optimist.

What I don't believe

(#291053)

is that someone will spend $100's of millions to get a job where they have some partial influence over the setting of their own tax rate. It just doesn't pay.

Romney isn't spending his own money.

(#291054)

Even if he is spending some of his own money, it's doubtful that he's spending the equivalent of $3+ million every year for the rest of his life.

 

But all of that is beside the point. This issue matters because voters need to be able to see exactly what effect Romney's tax policies would have on Romney, people in Romney's quintile, and everyone else in the country.

M Aurelius was probably right.

I won't use the e-word

(#291057)

but we'll just call it that-feeling-that-other-people-have-more-money-than-they-ought-to.   Anyone who is consumed with this unnamed emotion has always been Democrat or something farther to the left,  and their vote was never in play.

 

You're overestimating how much undecided voters care about any political issue at all, much less the details of what percentage tax a millionaire pays.  I would guess undecided voters are generally even more ignorant than the public at large.

"their vote was never in play"

(#291062)

eeyn! they're still players b/c many are potentially staying home and not voting for Obama or anyone else.

 

This is the registered vs. likely voters gap!

 

Obama is doing way better among registered vs. likely voters!

 

Romney being a tax cheat might incentivize these voters to get off their duffs and vote for Romney's opponent!

 

Stop minimizing the potential negative effects of lousy tax returns!

So what we've got to

(#291066)

is that the main thing motivating the Dem base is other people getting to keep too much of their money.   That four letter e-word keeps wanting to pop out but I'm restraining myself mightily.

eeyn, you should try code if it helps

(#291067)

avoid an ulcer.  How about 'N V'?

In the medical community, death is known as Chuck Norris Syndrome. 

The Darth.

(#291175)

Part hoary-headed, grizzled man-o-war, part teenage girl.

 

:)

Who are you calling hoary-headed and grizzled

(#291184)

Gray hair isn't my problem.  I no sooner get one than it it up and jumps off of my head, never to return.

In the medical community, death is known as Chuck Norris Syndrome. 

Why explain with envy what you can explain with self-interest?

(#291068)

People know they're picking up the tab if Mitt doesn't pay his share. 

 

Punishing free riders for rule-breaking is about as basic to animal organization as it gets.

 

I saw the behavior exhibited over the weekend by meerkats in the TV show "Meerkat Manor." 

 

One group of meerkats punished a wanton young female meerkat for having sex with a wandering hot male rogue. The other females in the manor beat up the slut and cast her out of the group b/c she was risking burdening every meerkat with new mouths to feed. You could call that "envy" but it was in every meerkat's self interest to make sure all the meerkats follow the manor's survival rules.  

 

If Mitt's been a rule-breaking, free-riding, tax sheltering slut with his income, some people aren't going to like that. And for similar reasons we don't need "envy" to explain it.

I'd say "don't understand" is a hell of a lot more common than

(#291063)

"don't care." 

 

We're talking about the basic fairness of the tax code. Americans care about fairness... even conservative Americans.

M Aurelius was probably right.

The E-Word?

(#291064)

The dog on the roof of the car, the Bain bustouts and layoffs, the schoolboy pranks, the advice to elderly destitute heart attack victims to seek care in the emergency room...

 

No, Romney doesn't appear to be capable of empathy.

Nice try, notyou

(#291065)

but no cigar.  Although you did get the first and last letters right.

An Adverb, Then?

(#291069)

As in "the candidate responded to requests for tax documents (and policy details) evasively."

eeyn, I agree

(#291073)

that the percentage of taxes he paid is a non-story to most people. Most people don't follow politics much at all. Getting into a numbers crunch is beside the point.

 

The real issue is that he's being evasive and shifty about it. He's a bazilionaire with tax shelters and bank accounts around the world. He's the weaseling child of privilege who was born on 3rd base and believes he's hit a home run now. And he wants to cut taxes on everyone just like him.

 

And now he's STILL holding out on simply releasing his full tax returns, instead issuing a letter signed by an employee of his. Which should be good enough for you people. 

 

That kind of stuff makes a difference to many people, people who don't really follow politics. Voters that might be on the fence. People who aren't as partisan as most.

Yup. Cayman Islands.

(#291076)
HankP's picture

that's worth a good 5 points in the polls right there.

I blame it all on the Internet

He looks, frankly, Nixonian.

(#291078)

As I said before, Romney would have been better off just doubling down and refusing to release anything. All he's accomplished now is to put the story back in the news and give the impression that he's either arrogant or shifty.

"I've been on food stamps and welfare.  Anybody help me out?  No!" Craig T. Nelson (6/2/2009)

"either arrogant or shifty"??

(#291081)
Jay C's picture

If Mitt is really going for the "Nixonian" vibe, he should try to manage both.

 

And so far, he's doing a pretty good job!

Unfortunately,

(#291092)

Romney seems to be much dumber than Nixon. I don't think he can really pull it off.

"I've been on food stamps and welfare.  Anybody help me out?  No!" Craig T. Nelson (6/2/2009)

Openable windows?

(#291103)

Even the doors won't open once the aircraft is pressurized. Has this guy any understanding of how stuff works outside his limited interaction with the world outside of vulture capitalism?

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Of course not...

(#291080)

I am not making such a primitive argument.

But his priorities will be shaped by his experience and needs, and those of whom he has associated with in business. It's clear that if he has a layered, global tax strategy he has dealt with people who think a certain way about taxes. If he has gutted companies to squeeze out their value at the expense of other stakeholders, he sure had help. Tax returns are like a fingerprint of economic beliefs and values. It is thus a fully relevant part of his record. Stinerman is just wrong here.

I am not a pessimist. I am an incompetent optimist.

Produce The Imaginary Friend

(#290713)
M Scott Eiland's picture

Or Harry's a liar with no one to hide behind.

The universe may well have been created without a point--that doesn't imply that we can't give it one.

Here we go again

(#290720)
HankP's picture

'When I use a word,' Humpty Dumpty said, in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less.'

I blame it all on the Internet

Nope

(#290722)
M Scott Eiland's picture

Harry made a statement that posited that he had an ironclad source--we have no evidence that the source even exists, and we know that the "ironclad" part is definitely nonexistent, since the accusation was false. Humpty Dumpty was a blushing amateur compared to these clowns.

The universe may well have been created without a point--that doesn't imply that we can't give it one.

Lack of evidence doesn't prove anything

(#290739)
HankP's picture

one way or the other, as I've heard they teach in law school. We also don't know that the accusation is false because the returns haven't been released. So it remains in the unknown category until the returns are released or Reid's source comes forward and says he or Reid was lying.

I blame it all on the Internet

Intent is proven

(#290721)

Honest people who accidentally make false statements retract them and explain how they came to be mistaken.  Until Reid does this,  he is intentionally continuing to deceive people, which is plain no asterisk lying, even if the original statement was an honest mistake.

He doesn't know it's false

(#290738)
HankP's picture

since the returns haven't been released. Reid doesn't know it's false until the returns get released or his source tells him that he was mistaken.

I blame it all on the Internet

So Mitt Romney is dishonest

(#290741)

..glad we agree on that much.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Did we ever disagree on that? -nt

(#290746)

.

I'm sure Harry will be distraught

(#290724)

..to learn BD has proven him wrong, on a blog post at theforvm.

Also. A careful reading of his statement leads me to conclude that you haven't disproven his assertion that, ""the word's out". Release the returns Mitt, it's the only honest thing to do and the only thing that will put this issue to bed once & for all.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Several things

(#290750)
Bird Dog's picture

One, I didn't prove the lie, Romney's CPAs did. Reid wasn't "wrong", he either lied or trafficked in one.

Two, "the word's out" is a lame catch-phrase, and a dishonest one at that. The one who put the word out was Douchebag Reid himself.

PWC is a Big Four accounting firm that operates by a code of professional ethics. As a onetime CPA, I'm quite familiar with that code. If they say that Romney paid taxes, they are staking their reputation (and their multi-billions in fees) on it.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

And once there were 5

(#290752)

Arthur Anderson, remember them?

PWC didn't do an audit, so everything they are representing is based on information provided by Romney. Also, 13.66% of $100 doesn't make Harry Reid a liar.

Release the returns.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

So,

(#290763)
Bird Dog's picture

they're staking their reputation on a guy who's going to lose anyway? I'm thinking of a D-word, and it's not douchebag.

Oh, and the theory that someone would pay 13.66% on $100 income makes it clear that you understand nothing about accounting or the tax code.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

Now that's just obnoxious.

(#290768)

Spart obviously meant $100 as a tongue in cheek stand-in for "ridiculously low AGI." Maybe Romney declared $40,000 one year. If you're going to take even the most obvious hypotheticals in bad faith, what are we even doing here?

M Aurelius was probably right.

Sheesh

(#290869)
Bird Dog's picture

I'll tell you this, Jordan. I won't take stupid, moronic hyperpartisan hypotheticals in good faith.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

Can you point to something

(#290884)

..documented in the summary released by PWC, that makes the hypothetical stupid or moronic? Anything?

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Wriggle

(#290890)
Bird Dog's picture

It still remains that Reid and/or his cohort is a liar. 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

So the answer is no I take it

(#290896)

Thank you.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Still wriggling

(#290905)
Bird Dog's picture

There is nothing anywhere to suggest that Romney's AGI has ever been $100, so the hypothetical is stupid and moronic. I can just as easily and logically say that Romney made $1 billion a year every year prior to 2011 and he paid 13.66% on that. In either case, it doesn't advance the argument. Rather, it makes us all stupider for going through such a pointless exercise.

And it still remains that Reid and/or his cohort lied.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

What's the threshold

(#290909)

..at which you would concede that Harry Reid isn't lying?

Or is Reid simply a liar regardless of the amount paid, if it's any amount greater than $0?

Percentages are meaningless, we need to know his declared tax liability for each year during the period, in order to fairly judge whether or not Reid might be guilty of lying about a material fact instead of merely exaggerating for effect.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Reid passed that threshhold

(#291202)
Bird Dog's picture

Unless and until you prove that PWC was lying. Ya better get to work.

 

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

So you can't rule out Reid telling the truth

(#290912)

but you've "proved" that he lied.

 

Maybe you're slightly overstating your case and getting tossed around because of it?

 

Just a thought.

 

 

Nope, that's not it

(#290913)
Bird Dog's picture

I'm just basically gobsmacked that so many of you liberals are refusing to accept the fact that Reid and/or his cohort conveyed an intentional falsehood, i.e., lied. Like I've said before, it tells me that this is a faith-based community, not fact-based.

If you want to make the claim that Romney evaded taxes, without a shred of evidence, then by that same standard I can just make up all kinds of s**t. Are you sure that's a standard--the level of discourse--you want around here? What makes you so special that you can make such unfounded charges?

 

 

 

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

No evidence?

(#290923)

The evidence is that Romney has released only a small # of his tax returns. 

 

Why are you unable to admit such a simple, obvious, fact - Romney's behavior is evidence that he's hiding something on his tax returns. Otherwise he'd release them.

 

It's an extremely basic fact at the heart of this. This is like, superduh territory here. 

 

Is hatred of Harry Reid blinding you to the obvious or something?

Wriggle

(#290972)
Bird Dog's picture

The fact is that Romney released two years and the fact is that his CPAs reported that he has paid no less than 13.66% of AGI since 1990. Which makes Reid and/or his "source" a liar.

Your opinion of Romney's motivations for what he's released or not released is just an opinion, or conjecture, dare I say faith-based. It's certainly not a fact.

You and Harry Reid continue to have exactly zero evidence to support your contentions. Back up what you say, catch. You and other lefties here don't get a free pass to make allegations without evidence. That's simply not how it's supposed to work.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

What did you miss?

(#290976)

I don't have "zero evidence," I have Romney releasing only two tax returns as evidence.

 

We're back to basics here - what did you miss?

 

 

Wriggle

(#291204)
Bird Dog's picture

You have zero evidence to support your charge that Romney evaded or cheated on his taxes. Zero. Zip. Nada. I await your investigation, with these things I like to evidence, to back up your claim.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

You can't prove Reid lied

(#290941)
HankP's picture

yet you keep saying that. Repetition doesn't make something true.

I blame it all on the Internet

Can't?

(#290971)
Bird Dog's picture

It's been proven, Hank. You just don't seem to understand it yet.

 

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

What definition of "proof" are you using?

(#290981)
HankP's picture

you need to prove

 

1. Harry Reid never spoke to anyone, and is therefore lying

2. Harry Reid knew that the person that spoke to him was lying, and is therefore passing along a known lie

3. Harry Reid stated something that his source didn't say to him, and is therefore lying

 

you haven't proven any of these things.

 

Oh, and according to your own definition you need to prove intent, instead of just assuming it.

 

I blame it all on the Internet

It's quite simple

(#291205)
Bird Dog's picture

1. Reid made a charge that Romney hasn't paid any taxes for ten years, relying on an unnamed source, which may or may not real.

2. The charge was proven false by the disclosure of Romney's CPAs.

3. The conclusion is that either Reid or his source or both lied by trafficking in this intentional falsehood, i.e., lie, as defined.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

Nope.

(#291209)

It's entirely possible that reid's source was lied to as well, therefore you cannot prove intent.

 

Prove that either reid or his source knowingly lied. That person may have lied, or may have been lied to by someone else, or may have made an honest mistake and truly believed he had proof of romney's shenanigans. Turtles all the way down, man. Why, someone down the turtle chain may have looked into the person's eyes, and seen into his soul. And was lied to.

By your standard

(#291228)

no one can ever be proven to have lied. 

 

If he wasn't lying before he is lying now, unless he retracted and I haven't heard about it.  Let's lay it out step by step one last time.

 

1. Reid said no taxes were paid in the last ten years.  He said this in August 2012.  AFAIK he hasn't retracted.

2. A tax return has been produced from 2010, dated Oct 2011, showing $3.25M paid in box 68.  This shows that Reid's statement is objectively false,  unless one contends that the document is forged.

3. It's conceivable Reid believed his statement at the time; however, he clearly knows now that it was not true and has chosen not to retract or explain it. The statement still stands - he made it on the floor of the US Senate - and he knows it is false.

 

If his statement had been made under oath he'd be in some serious trouble.  Well, a normal person would, US Senators are held to lower standards. 

 

Simply retracting the statement and saying he had been misled by his source would be sufficient.  I don't know why he hasn't done that, but I can speculate that he believes the political benefit of having people falsely believe zero taxes were paid outweighs any blowback he might get.

Reid was speaking of FY2009 and before.

(#291230)

When he made his statement, the 2010 returns were already publicly available. Even if he is a liar, he's not such a moron that he'd lie about numbers that were already out there for everyone to check out.

 

His statement hasn't been conclusively proven false, since the PWC letter covering 1999-2009 only discusses percentages owed, as opposed to amounts paid. The PWC letter is strongly indicative that Reid might be wrong, but it doesn't clinch the matter because, again, no numbers.

M Aurelius was probably right.

Earlier career in boxing

(#291238)

He could have significant damage to the frontal parts of the brain,  many boxers have a lot of scar tissue up there.   It's possible he has moronic moments,  many of us do even without boxing.  But I'll take your word for it that he was referring to 1999-2009, I haven't paid a lot of attention since I'd already placed both Reid and Romney in the d-bag category many years ago.

I was being

(#291232)

tongue in cheek. Past lies have been defended here by the standards I laid out above.

 

Hell, he could have been told it was a "slam-dunk"

 

Also, no one cares about harry reid. I sure don't. Politics is politics, and romney could lay his returns out on the table and end the whole deal. People realize more and more that romney is a shifty weasel (at the least) who hides behind money.

Yeah

(#291239)

Thought more about the "turtles all the way down" after replying and decided you were probably just chain-yanking.   I need to stop barking when people do that.

Ummm

(#291211)
HankP's picture

1. True. Doesn't prove a lie one way or another

2. Not true. Can only be proven by disclosure of tax returns themselves.

3. Not true, as per #2 above and you still haven't proved intent.

 

Sorry, no proof here.

I blame it all on the Internet

Actual accountants in the actual pertinent fields agree w/#2

(#291295)
brutusettu's picture

mostly.  Actual accountant that would do tax returns for people like Romney, says that Romney would have to have filed another document with the IRS if he took part in the amnesty program for tax evaders.  

 

An actual tax accountant noted that the letter from PwC didn't put that they filed the returns or that Romney paid the IRS, and that PwC only said it prepared the returns and that per the prepared returns, Romney would owe x amount.  Plus they said that Romney would have time to amend those returns later and bring his effective tax rate of AGI down below a certain level, if the rate was below that level, Romney was incorrect about his lowest effective tax rate.

 

 

and a CPA is only needed to for an opinion on an audit of financial statements.  It's window dressing for tax accountants. 

 

 

"I’m to believe that North Korea is so dangerously unhinged that they would attack without warning – yet so meek and easily cowed that they will sit quietly and not retaliate when we start bombing them."

Major Kong

Untrue

(#291213)

Romney's doctors note defense proves nothing, other than the fact that whatever is in those returns is worse than the continued hit he's taking for not releasing them & thereby protecting Harry Reid's reputation.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

They haven't staked their reputation on anything

(#290771)
HankP's picture

they've made no legally binding representation about anything. And other rich guys would probably see it as a big plus that they'd make public statements that their clients asked them to make, that said what they wanted to have stated publicly.

I blame it all on the Internet

"understand nothing about accounting or the tax code"

(#290801)

Except the hypothetical was from an expert:

 

The Romney campaign is reporting the percentage of Romney's AGI that he paid to the government, explains Brian Galle, an associate professor at Boston College Law School who is an expert on individual and corporate income tax.

 

That means that although Romney paid at least something in previous years, it could have been a very small amount. "He could have been paying 13.66 percent of $100 in 2009. He might have paid $13.66," Galle continues.

 

If you can explain why this expert is wrong, you're welcome to do so. But why should anyone belief your huffing and puffing, which only appears embarrassing by contrast, in the face of this expert's opinion?

B-b-but he's only an associate professor nt

(#290839)
HankP's picture

.

I blame it all on the Internet

He Could Have Burned A Pile Of $500 Million. . .

(#290841)
M Scott Eiland's picture

. . .while wearing clown's makeup and cackling maniacally, too. There's just no reason to think that he did other than a grim determination to make evidence free accusations against Romney.

The universe may well have been created without a point--that doesn't imply that we can't give it one.

"evidence-free"?

(#290842)

The evidence: Romney's breaking with a long-standing tradition and suffering substantial political losses during a political campaign by not releasing his tax returns.

 

Most people with common sense not clouded by partisanship would bet, on the basis of this evidence, on the proposition that Mitt Romney is hiding something in his tax returns. 

 

In any case, the thread you're responding to was just making the point that nothing in the PWC summary showed that Romney paid a very high tax rate. So we're still at the stage of wondering what, precisely, Romney is likely to be hiding. 

Also

(#290844)
M Scott Eiland's picture

Second, I think any presidential candidate who won't release his or her tax returns should be the recipient of every smear possible.

That's pretty much a license for me to ignore everything you say or link on this subject from here on in. After all, the posting rules imply we should take fellow Forvmites at their word.

The universe may well have been created without a point--that doesn't imply that we can't give it one.

Oh please

(#290849)

I've been saying Democrats should smear Republicans in general for years. 

 

This has nothing to do with discussions on this site, which aren't widely read and have zero impact on national events.

 

We're just chatting here and I have no pretences of being important enough to smear anyone and thus you've revealed no agenda. I prefer this precisely b/c it's more interesting to me to have honest discussion. Nice try tho, Scott. 

explaining possibilities != making accusations

(#290845)
HankP's picture

he didn't accuse Romney of anything, he's just explaining the range of possibilities of what the PWC letter could include.

 

I would think that someone confident in their candidate could handle that without making baseless accusations.

 

I blame it all on the Internet

Nobody proved anything!

(#290776)

This is just a summary statement by PWC. All percentages, no amounts. Terms like "adjusted gross income", that for a guy with income on Romney's scale could mean virtually anything.

 

JKC is right. It was a sleeping issue, he should have let it stay that way. This just raises more questions.

 

I am starting to be convinced that the Romney campaign truly is inept. I thought they were faking it and were going to pull a late surprise, but it's starting to look like genuine, USDA grade A, five star incompetence.

I am not a pessimist. I am an incompetent optimist.

They seriously haven't done anything right in weeks. -nt-

(#290784)

.

M Aurelius was probably right.

The only thing I can figure

(#290816)
HankP's picture

is that they believe their own BS. This appears to be a problem with having a captive media ecosystem.

I blame it all on the Internet

Think about the national conversation when he released this

(#290786)

Talking about Romney's taxes in light of a somewhat positive-seeming accting summary is preferable to talking about how much he despises 47% of the population.

If that's what he was thinking...

(#290789)

...then he really is an idiot. To pivot from from raw contempt for the majority of Americans to showing that he pays much less in taxes is not going to prove to be a winning strategy.

"I've been on food stamps and welfare.  Anybody help me out?  No!" Craig T. Nelson (6/2/2009)

And it just keeps getting worse

(#290902)

http://www.usnews.com/news/blogs/washington-whispers/2012/09/21/mitt-rom...

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Really?

(#290873)
Bird Dog's picture

So you're saying the firm that has done Romney's taxes since the 1990s is reporting falsehoods? Show your work. You've seen two full years of returns. Is there any evidence of evasion or false reporting?

As it stands, you have a Senate Majority Leader (or his source) who blatantly lied to the American people, and yet you're still going on about Romney? Sheesh.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

About five people on the thread have said that

(#290880)

PWC and Harry Reid may be saying true things simultaneously. 

 

And MA in particular never said PWC is reporting falsehoods.

 

Perhaps you could offer your expertise in this area to tell us whether ROmney could've paid a very low amount of taxes while paying a near 13% on his AGI in those unreleased tax returns.

No, they could not

(#290891)
Bird Dog's picture

You can't put the square peg of Reid's charge that Romney paid no taxes for ten years into the round hole that Romney paid no less than 13.66% of his AGI in taxes every year since 1990. Well, you could, but it would be a near-fatal logic disconnect.

Prove the evasion, catchy. BTW, you're doing the same thing as Reid, making charges without a shred of evidence. Far as I'm concerned, Reid's credibility is shredded until he retracts and offers a full apology. I'd hate to see you follow Reid's same low course.

 

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

Reid's credibility stands or falls

(#290895)

..on Mitt coming clean on his tax returns. I can't for the life of me understand why Romney seems so determined to protect Reid's credibility, at the cost of his own.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Nope

(#290906)
Bird Dog's picture

Reid's credibility is shot to hell until he retracts and makes a full apology. He and/or his cohort have already been proven to be lying.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

So

(#290907)

Harry Reid has lost your support?

 

mitt could release his returns and the issue would go away. Instead he releases a note signed "mitt romneys accountant" a la Juan Epstein of sweat hog fame. 

Nope

(#290914)
Bird Dog's picture

If you can't accept the word of his CPA and two year of returns, then there is nothing that would satisfy the hardcore partisan left. It remains that apologists for Reid refuse to accept that he and/or his "source" lied.

 

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

Romney is

(#290917)

A coward or a liar himself. Release the tax returns mitt, and this all goes away. 

 

Perhaps the info was stove piped to Reid. As for the trustworthiness of some CPA? Lol. Release the actual documents, I don't trust politicians or lawyer types or accountants. They might be lying. 

 

Of course he doesn't have to.  He can keep stonewalling and continue displaying to the American people what a shifty, privileged weasel he really is. 

"there is nothing that would satisfy the hardcore partisan left"

(#290919)

His tax returns?

 

And stop pretending this is solely a hardcore partisan-left problem.

Oh, but I'm not pretending

(#290979)
Bird Dog's picture

I'm quite sincere in opining that the hardcore partisan left will never be satisfied, no matter how much is released.

A line was drawn as far as what was disclosed, and there are no hard and fast rules. Am I satisfied with where the line was drawn? Not particularly. Romney should have released more information during primary season, but he didn't. Going forward, you can thank Harry's lie that no more will get released. Why do I say that? Because if Romney complies with Reid's demands, then Romney will look weak by backing down to a spleen-laden hyperpartisan Democrat. If he doesn't, then Reid and his political minions will make hay out of it. It's a classic lose-lose, and 100% political. The strange part in all of this is that the Big Douchebag has been getting away with making these charges, all without a scintilla of evidence, and you and your party are defending this behavior. I find that simply incredible and uncredible.

Romney produced what he said he would, and he produced enough additional info to prove that Reid and/or "source" lied. That's all that's going to get out. And here's what we know so far. From the two years released, there's no evidence that he evaded taxes, and he's paid at least 13.66% of AGI every year since 1990. And what have you got so far? Accusations without a shred of evidence that he's a tax cheat? Sorry, catch, your assertion lacks credibility. It's unserious. You may really, really feel that he's a cheat based on what you think his motivations are, but that's all you've got. That's it, and I guess that's okay when you're commenting in a feelings/faith-based community. For me, it's not okay. I would like to think that you would have higher standards than that, and I find it disappointing that you're clinging to these lower standards. Personally, I think you know better and are better, but you're not showing it here.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

How many returns have been released

(#290985)

..covering the period when Harry maintains "the words out he hasn't paid any taxes for 10 years"? Answer none, zero, zilch.

Release the returns Mitt and prove Harry wrong.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

No, most would be satisfied if Romney released his returns

(#290989)

As for Romney being stuck in a pickle b/c he would look "weak," then why did he release an accountant's summary that supposedly answers Reid? Doesn't that also make him look weak?

 

I'm afraid your approach doesn't make much sense and blaming Romney's lack of disclosure on Reid again suggests you haven't grasped that the most likely reason that Romney isn't releasing most of his tax returns is that he's hiding something. That is a much better explanation than the one you've cooked up.

 

Until you can acknowledge the basic, simple fact that there's evidence that Romney is hiding something embarrassing in his unreleased returns, there's no real point talking to you.

 

Many people not aligned with the D party in any way aren't confused on this point. It's simply too fundamental to everything that's being said not to have you acknowledge the obvious before going forward.

Catchy, no they won't.

(#291022)

A snowball has a better chance in hell than lefties being satisfied when/if Romney releases his returns.  C'mon, you know what'll happen is a doubling down.  The alternative is being critical of a senior democrat in the final weeks of a campaign, and that ain't about to happen.

In the medical community, death is known as Chuck Norris Syndrome. 

Depends on what's in em of course

(#291026)

Personally I don't get any sense that there would form, on the left, a birther-like tax conspiracy movement if Romney released his returns.

 

Are you supposing that the left and right are precisely equivalent or something? I just haven't seen the equivalent loony attacks. palling around with terrorists? a muslim foreigner? etc.?

 

honestly I've never really fully understood the right in this election either - why have they made George Hamilton their nominee?

Romney won't be elected without releasing those returns.

(#290993)

You think it's no big deal, and average voters don't care where Romney's money came from or exactly what rate he's been paying for it, but you are quite mistaken.

M Aurelius was probably right.

You don't need to be a hardcore lefty partisan

(#290920)

..to suspect that Romney is attempting to hide whatever is in those returns from the voting public. Just saying.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

"No taxes"

(#290904)

Some of us were asking a slightly different technical question.

 

Given the PWC summary, could Romney, technically, have paid $13 and 66 cents on $100 of AGI for each year he hasn't released his returns?

 

Spartacvs quoted an expert tax lawyer who said that is strictly consistent with the summary.

 

I'd be interested to hear from you, since you have accting expertise, whether that's true or false.

You're submitting facts not in evidence to us proles

(#290908)
brutusettu's picture

And what leads you to believe that Romney for certain didn't recently amend prior years returns to take advantage of the amnesty program?

 

 

There's no statute of limitations on tax evasion.

 

We don't know when Romney "paid" his returns and we don't know if Reid's claims fall well within wiggle room for a very modest example of Chinese Telephone.

PwC never said Romney paid federal income taxes during those years.

PwC never claimed they didn't fairly recently amend returns for those 20 years.

 

 

 

 

-Also, 13.66% of what?

 

You have to page a little further in the 2010 return to find another really interesting number, $4,844,089, Line 14 on Schedule D – Long Term Capital Loss Carryover.  This means that Mr. Romney did not have capital gains in 2009.  So if he had a tax liability for 2009 it was an even higher percentage of his adjusted gross income.  Most likely though it was a much lower adjusted gross income and a much lower tax.

"I’m to believe that North Korea is so dangerously unhinged that they would attack without warning – yet so meek and easily cowed that they will sit quietly and not retaliate when we start bombing them."

Major Kong

So Romney paid some taxes

(#290790)

but what if it comes out that, but for massive deductions, Romney paid 2% on his non-adjusted gross income. Or that he only recently went back and amended his returns.

 

Are you telling me as someone who has worked as an accountant that PwC would lose billions over such revelations? 

So your answer is...

(#290875)
Bird Dog's picture

..."let's play hypotheticals so I can still proclaim that Romney's a tax cheat".

Prove the evasion, catchy. Show your work.

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

We'd need the Returns for that

(#290881)

..and Romney isn't going to release them. So everyone is free to speculate to their hearts content within the bounds and at the margins of what can be credibly argued given established facts that are thin on the ground.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

OK, in a minute I'm going to stop playing

(#290886)

the phony burden-of-proof tennis that you and MScott are playing, and that steinerman is playing for real, but losing.

 

I wasn't trying to "prove" that Romney is a tax dodger in my comment, but assess what evidence the PWC summary provides against him being a tax dodger.

 

Since everything in the PWC summary seems strictly compatible with Romney nevertheless paying nearly zero in taxes (that's what the hypothetical was demonstrating), I say you've provided "mild evidence" against him paying almost nothing.

 

However, I'm still of the opinion that the overall best explanation (note: this isn't "proof" and that's OK since we're not in geometry class) for why Romney won't release his returns is that they would show some form of tax dodging (either avoiding the spirit or letter of tax law). 

 

That's you're one chance to figure out what I've been saying and productively respond vs. call Reid a lying douche/over and over again point out that "there's no proof!" 

Phony burden of proof?

(#290894)
Bird Dog's picture

It's not hard, catch. When you make a charge, it's incumbent on you to support it, not for the other guy to prove you wrong. MSE is right, this is a variation of birtherism. This, right here, is a classic example of why it's so difficult to converse with people on the other side of the aisle. 

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

Harry Reid is aping Romney/Ryan on the stump

(#290898)

Thought you would have figured that out by now.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

We just converted another one to tax birtherism

(#290899)

right on this site - stinerman. 

 

His birther brain just inferred that Romney isn't releasing his tax returns b/c he's probably hiding something.

 

But it's even worse, Bird Dog - you've got birthers not just on the other side of the aisle, but on your side as well. They're everywhere!

 

Here's the deal

(#290897)
stinerman's picture

If someone makes an assertion is it up to them to back it up with evidence.

 

1) Harry Reid asserted that Mitt Romney paid no federal income taxes for the last 10 years.  His evidence for this was essentially that he talked to a guy who said so.  Do note that this guy was apparently in a position to know this information.  So Reid may have had a good faith basis to believe him.  However he doesn't have free range to repeat the statement unless it can be independently verified; after all someone could be yanking his chain.  That's the standard.  You never open your mouth about something like this unless you're sure.

 

2) Mitt Romney, for a longer time than is usual, declined to release his tax returns.  Many folks thought this was because he had something to hide.  He has since released the 2011 return, which should put to bed this assertion once and for all (at least for the 2011 tax year -- as I've said this isn't important to me so I don't follow it).  In any case, his decision to not release the returns "proved" that he was cheating on his taxes.

 

I will point out that Ron Paul declined to release his taxes and no one particularly thought anything of it.  No one thought he was hiding anything.  They thought he was standing on principle.  I hardly think of Mitt Romney as someone who would stand on principle, but it's plausible.

 

The difference between #1 and #2 is trivial.  Reid at least had a good faith basis (assumedly).  Those that disparage Romney based their claims on nothing but conjecture.

 

And please, it is not hard to copy/paste my name when referring to me.  I already have to spell my last name everywhere I go because folks instinctively type "Stein".  It's another thing yet again when it's in print and folks still can't get it right.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

Sorry about the name spell - I don't usually make that mistake

(#290903)

I don't know what you mean by "up to them to back it up". 

 

Or what?

 

They're naughty if they don't back it up?

 

What if their sources prefer to remain confidential? 

 

Are newspapers everywhere naughty for not identifying their sources?

 

Are they necessarily mistaken? Or even liars?

 

But fine. Let's agree that it's likely that Reid has been naughty. 

 

You know what else is naughty, and even naughtier? Someone who likely dodges paying taxes to the nation he claims he wants to lead.

 

Now you tell me dodging taxes "isn't important" to you and I have no idea why, especially since you're going all high dungeon over someone failing to "back it up". 

 

Can I get just a little bit of one finger on one of your hands to wag toward Romney on this?

Actually yes

(#290915)

"Are newspapers everywhere naughty for not identifying their sources?"

 

Generally yes.  Anonymous sourcing should be reserved for rare special cases where the source faces real physical retaliation (losing some political capital or a job they're disloyal to anyway doesn't count);  recently it's become just another mechanism for partisans to turn their trash talk into "news".

I more than agree

(#290918)

I would go further and say it's a mechanism for national security and all other manner of propaganda.

 

But selectively dinging Harry Reid over this would be hyperpartisan.

 

 

 

 

HA!

(#290940)
HankP's picture

coming from the guy who's been using hypotheticals to call Reid a liar. By the way, you've already provided us with a definition of lying that you've used before, it doesn't match your use now in regards to Reid.

I blame it all on the Internet

"(Not a teetotaler, PwC clearly says 'Captain Sober Today')"?

(#290725)
brutusettu's picture

Total federal income taxes owed, total state income taxes reported, and total donations deducted during the period represent 38.49% of your total adjusted gross income for the period.

Did Romney pay federal income taxes for 10 years, or did he owe federal income taxes for 10 years and paid them out in 2009 returns as part as a blanket amnesty program for qualifying illegal tax filiers?

 

  • It looks like Megan typed out what was in the pricewaterhousecoopers letter, it's possible they worded it differently or that the difference in wording is inconsequential. 
  • Is the total income and AGI ratio close in the other returns, could Reid's source be very close to the target?

 

 

-as for Megan,  LDS members need to pay 10% of their pre-tax income to the LDS in order to get be in good standing.  Romney seems to have underpaid what was owed in 2010 and 2011.

"I’m to believe that North Korea is so dangerously unhinged that they would attack without warning – yet so meek and easily cowed that they will sit quietly and not retaliate when we start bombing them."

Major Kong

Only the actual returns can answer those questions

(#290732)

which is why we won't see them and Harry Reid's claim is likely, largely correct yet unprovable for sure.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

There's a couple of problems with the PWC letter

(#290745)
HankP's picture

First, CPAs depend on the client to provide them with accurate information. So unless they're providing an audit as well, they're just accepting the numbers Romney gave them.

 

Second, the letter only talks about "adjusted gross income", which could be anything form very close to his actual income or much, much lower depending on the accounting tricks used.

 

And of course it does nothing to address the $100 million IRA or the off shore accounts.

I blame it all on the Internet

Plus the letter says what it says and it says no more

(#290853)
brutusettu's picture

The letter doesn't seem to even try to imply that Romney never amended his returns or that the AGI and unadjusted income ratios are remotely the same for the "summarized" years as they are for the years that were released.

 

It sure does look look like it's supposed to be a bullet point answer of direct questions.

 

 

The door stills seems wide open for Romney to have not paid  federal income taxes for years, up until there were amended returns, and the door still seems open that Romney paid an effective rate on income that is approaching zero.

 

 

Unless I'm still missing it, PwC did not say that Romney paid federal income taxes in those years, it says he owed them.  That might be an unimportant distinction, but the  the letter doesn't seem to explicitly state Romney paid taxes during those years.

 

(edit) read a generic auditor's opinion letter, now the the letter PwC sent back to Romney

"I’m to believe that North Korea is so dangerously unhinged that they would attack without warning – yet so meek and easily cowed that they will sit quietly and not retaliate when we start bombing them."

Major Kong

If Romney paid an effective rate of 13.66%

(#290743)

..on $100 in any of the years prior to 2009, would that still make Harry Reid a liar?

Release the returns Mitt.

http://www.motherjones.com/mojo/2012/09/mitt-romney-tax-returns

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Your link says "Reid owes Romney an apology"

(#290796)

but also says that PWC's summary is consistent with Mitt paying thirteen dollars and .99c in taxes on $100 of AGI for each year he hasn't released his returns.

 

You don't get much more weenie left than that -- playing by hyper-accurate rules that don't even flash through the other side's mind or the media that covers them for one second. 

 

If Romney paid a very low rate - say below 5%, then Reid's claim that Romney paid "no taxes" was close enough to true, and he doesn't owe anyone any kind of apology. 

 

 

Agreed

(#290808)

I'm happy enough if Romney & his supporters want to make the argument that Reid literally lied because Romney paid something, even if the something was ridiculously low compared to the proportion of income most regular folk pay in taxes.

 

Harry Reid has played this perfectly, neatly trapping Romney in a web of his own making.

 

 

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Legal minutiae aside,

(#290764)

if I were a Republican, I'd be starting to wonder if Mitt Romney or a top Romney advisor was a Democratic PArty mole.

 

Romney's taxes were on the back burner. They might have come up in the debate, but frankly I think that the President would have attacked Mittens over is "screw the poor folks" speech. Having made the decision to stonewall on taxes, he should have just stuck with it.

 

But nooooo... instead the Romney campaign re-opens the old wound, and adds insult to injury by releasing a "summary" document that is so vague that the press is having a field day trying to parse out what it actually means. Meanwhile, all Romney has accomplished is to remind people that his tax rate is significantly lower than the average American's.

"I've been on food stamps and welfare.  Anybody help me out?  No!" Craig T. Nelson (6/2/2009)

You missed it from the other end

(#290785)
stinerman's picture

The Tea Party Republicans are up in arms because he willingly gave more of his hard-earned job creator money to Washington so they can urinate it away.

 

What kind of self-respecting conservative gives the government *more* money than is legally required?  And for that matter, I think a member here said that they intentionally paid a little extra because of some gambling winnings...and they were audited for it and told in no uncertain tone not to do that anymore.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

Romney's hiding something, we still don't know what

(#290779)

It's got to be something, and this accountant's summary still leaves technical room that Romney paid next to no taxes on his total income for many years.

 

There are many ways for Reid's statement and this PwC summary to both be true - Romney may have amended his past tax returns only recently, he may have taken massive deductions, etc.   

 

So Reid's claim is still one of the many options for whatever technical shenanigans Romney has pulled.

 

Perhaps a near 0% rate is now less likely among other options (tax shelter amnesty, etc) b/c PwC would take a small hit to their reputation if Romney's tax returns come out and they've given a misimpression.

 

But that's hardly dispositive since an accting firm giving a technically true but misleading report for a wealthy client isn't outside of industry standards, at least as I understand them. 

 

So nothing is "proven", we've just got a bit of new info. Romney's hiding something, and we still don't know what.

Your reaction to the summary is proving Romney right

(#290870)

..in declining to release his returns because of the ammunition it would provide his detractors in the middle of an election, for Pete's sake!

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

I Presume You Guys Are Actually Reading the Taxes-379 Pages-Here

(#290879)

http://www.mittromney.com/disclosure/mitt/tax-return/2011/wmr-adr-return

 

There were filed extensions for time...to realize that these would come under scrutiny and therefore fixed before filing.

 

Also, there are also 3 family trusts that seem to pass income through to Grantor.

 

In any case, there it is. All of it.

 

http://www.mittromney.com/disclosure

 

Best Wishes, Traveller

Please Note!!! The 2011 Taxes Signed Sept 17, 2012!!!!!

(#290883)

A Mere 6 days ago stretching this as far as possible.

 

Hummmmm...

 

Mittens took plenty of time to teach this One Trick Pony how to dance!

 

Traveller

That's normal

(#290939)
HankP's picture

he just filed an extension before April 15th, that makes his due date for taxes October 15th. It's very common, I've done it when I've had complicated transactions or when some financial institutions were late issuing tax statements. I would expect that for tax returns as complicated as his are he files an extension every year.

I blame it all on the Internet

No Hank, I Understand Extensions, But I Previously Thought

(#290954)

...the 2011 taxes had been filed.

 

Otherwise, what are we complaining about Harry Reid for?

 

2010 taxes were already released when Reid made his accusation, so everything he was referring to was 2009 and prior. We still haven't an idea what these say in any normal detail.

 

I was surprised that the taxes for 2011 were just filed last week...this argument has been going on for a while with no returns, except 2010?

 

I guess that I just missed this.

 

I still don't see where Harry Reid is a liar though.

 

Traveller

 

 

Bad rules of evidence from BD, MScott, and stinerman

(#290910)

I'm getting all these claims that Romney is innocent until "proven" guilty. 

 

"Prove the evasion, catchy", says BD.

 

"When you make a charge, it's incumbent on you to support it, not for the other guy to prove you wrong. MSE is right, this is a variation of birtherism" - says BD again.

 

Guys, these are stupid rules that lack any and all context or common sense.

 

Here's the real, applicable rule:

 

When a very wealthy presidential candidate breaks 50 yrs. of tradition solidified by his own father, refuses to release tax returns in accord with this tradition, and takes a heavy political hit from both sides of the political aisle for doing so, it's incumbent on that presidential candidate to show he isn't hiding something. Until then, everyone exercising her common sense should bet on the proposition that this presidential candidate broke the spirit or letter of US tax law.

 

This "charge" doesn't require any further "backing". The burden of proof is not on me or George Will for God's sake, but on Romney to show he isn't hiding anything, since the fact that he is, is the best explanation of his behavior. 

 

The PWC summary doesn't fully meet that standard since it is entirely compatible with Romney nevertheless breaking the spirit and/or letter of US tax law.

 

This is very basic common sense, not birtherism, and not violations of applicable rules of evidence.

Unfortunately Reid

(#290924)

made a very specific charge.  He could have merely said that Romney was a tax-avoiding greedy out-of-touch plutocrat, and he'd be fine. He could have said Romney paid no significant taxes or not enough taxes, and it would be debatable.  Instead he chose to stand up in the US senate and charge Romney with having paid $0.00 in taxes for the ten calendar years ending on August 2, 2012.  A single tax return from that period showing any amount paid is sufficient to make Reid a liar and Romney innocent on the particular claim.

 

And it's not nitpicking.  When someone like Reid says we are engaging in "no" torture or have "no" secret prisons overseas I expect "no" to mean literally zero. It's now proven that when he uses the word "no" he is either outright lying, or thinks there is wiggle room, and people who lie on small unimportant things where they're likely to get caught can be depended on to lie about greater things where they have security classifications to cover for them.

 

 

 

 

 

 

I didn't mention Reid in my comment

(#290925)

and wasn't commenting on/defending that specific charge. I've already said I think the PWC summary sheds some mild doubt on Reid's charge.

 

My topic was applying the birtherism tag simply for saying that Romney likely violated the spirit or letter of tax law in some way or other.

 

Just out of curiosity, eeyn, as a non-Democrat, non-leftist partisan: What do you think is the best explanation for Romney not releasing his tax returns?

 

Wouldn't you say it's more probable than not that Romney is hiding something? 

Of course he's hiding something

(#290927)

My guess is that Romney is too smart, and lives too public a life, to intentionally commit outright violations of the law,  What he's most likely got are some not-so-savory investments that are easy to turn into campaign issues, and probably some years where he took legal deductions and deferments to get his IRS-defined income down to a tiny fraction of his plain-English income.  It's also very common on a complex return like his, to have the IRS kick back some of the paperwork possibly with a penalty assessed.  That's not evidence of criminality (if there is such evidence there would have been criminal charges),  but it would certainly play that way in the media.

That's birther logic, eeyn

(#290929)

Did you also think Obama was hiding something about the origins of his birth?

 

Despite voting libertarian, you must actually be a hard-core Democratic partisan.

 

Anyway, your scenario sounds plausible. 

 

But as for Romney being so smart, most people who run for president for umpteen yrs would've done more to clean up their offshore stuff and other accounts. 

 

George Will in a clip I posted talked about how Romney was dogged by this stuff back in his '94 senatorial campaign and is simply amazed that Romney still didn't have the last 10 yrs. of tax returns in shape to release.

 

So Romney's judgment is already cast into serious doubt on this. So much so, I don't find it that out of the range of possibility that he's like thousands of other millionaries in this country who basically paid no taxes for many years in a row. Or that he was a party to an amnesty deal.

 

But if I had to guess, I'd go with the scenario you outlined and arrived at using birther logic. 

 

And since you made that charge, you must now prove it, or risk stinerman's, BD's, and MScott's wrath.

By most accounts...

(#290932)

...he seems to be a Scrooge-like tightwad.

 

If this is so, he was probably unable to accept the horrifying prospect letting even one of his precious twopence go to waste the 47 percent, even for the sake of a cleaner tax return.

I am not a pessimist. I am an incompetent optimist.

A grave risk indeed

(#290950)

FWIW the birther's logic would have been fine except for the tiny detail that Obama had in fact released perfectly valid proof of birth very early in the controversy.

 

My guesses on what Romney might be hiding (unlike the Chief D-bag I'm only guessing, not accusing) have little to do with him not releasing the tax returns.  They have to do with his general record of behavior, and the fact that rich people hire accountants who try to reduce the tax bill by any legal means possible.  

 

Anyway, it's not unusual to keep returns private,  most wealthy investors do.  Not because of any wrongdoing,  but because it's important for them to not show all their cards when they're negotiating deals.

 

BTW, the guy I'm voting for is reasonably wealthy businessman, AFAIK he has not released any returns, and I don't care.

There's a bit more context than that

(#290961)

There's plausibility given that Romney is a massively wealthy politician who's been the CEO of a private equity firm, who's released returns show ridiculous deductions taken for a dancing horse, and who is receiving criticism not just from the political fringe, but from the center and Republicans.

 

All of that adds up to a higher likelihood than that a multi-billion dollar organization like the D party failed to nominate someone born in the country, even if Obama hadn't released his birth certificate.

 

but yeah, yours is a central disanalogy to the birther thing. I'm a little mystified that people can't work out the differences for themselves...

 

As for the general propriety of releasing tax returns, I think it's nice to know who might be putting all their $s in overseas tax shelters and who isn't. That says more about what you think of supporting  and paying into the country's system than a bunch of convention speeches.

 

 

Here is the thing...

(#290931)

Reid isn't running for president, Romney is.

Reid might not know for sure that Romney paid zero, that's true enough.

But Reid knows one thing for sure. He knows Romney's tax returns are so damaging that even if Reid said that they contain evidence Romney expensed human baby blood for breakfast every day, Romney still can't release them. Reid's tactic is to expose this fact. The fact that no matter what Reid says, true or not, Romney's campaign would still be forced to conclude that the actual returns are more damaging.

That is a good and necessary point to make and, really, there is no other way to make it. Without Reid's gambit, I would have been aware the unreleased returns were damaging, but I would not have a sense of how damaging. The answer is that they must be quite damaging indeed.

I am not a pessimist. I am an incompetent optimist.

Catchy, I have to disagree with you & agree with stiner

(#290930)

on this. 

 

I think it's pretty unlikely that Mitt actually broke any tax laws. Remember that Mitt's taxes are secret only to the public. But the IRS has every last schedule, receipt & worksheet going back decades. If there were any evidence of tax evasion in those documents, IRS agents would be taking a keen interest by now, assuming they'd overlooked things before.

 

No, I think Mitt's returns probably obey the letter of the law...the law which at this moment in US history happens to be extraordinarily generous to a private equity broker like him. I think what Mitt has to hide in his tax returns is the very real likelihood that he pays a fraction of the effective tax rate a typical middle class family pays. He uses tax shelter strategies, carried interest tricks, offshore holding companies, Swiss bank accounts -- the guy's got a $100 million IRA ferchrissake. The average American is going to be fairly horrified to find out just how much money Mitt's been able to squirrel away from the taxman, and that's the problem. Not only is his wealth an embarrassment, but his success at avoiding taxes on his wealth -- legally or not -- is scandalous in itself.

 

There might be even more goodies in there as well. What are all the sources of his income? Do they tie Romney to some of the more unpleasant Bain investments? Did he inherit a few million bucks from a rich relative? How much of his wealth is offshore, either in deposits or in investments overseas? 

 

There need not have been any laws broken. The law itself is the problem here. Republicans really don't want the lopsided regressiveness of our tax laws to become an issue in this election. They better pray it doesn't.

M Aurelius was probably right.

You're assuming Romney wasn't part of an IRS amnesty

(#290938)

in 2004 and 2005 for executives and others who improperly used tax shelters to hide income.

 

Perhaps the IRS already was aware of Romney's tax cheating, and the amnesty stuff is in Romney's returns. 

 

That was widespread among rich folk who took aggressive stances with overseas tax shelters, as Romney did, and it's one possible explanation for why ROmney won't release most of his returns.

 

It isn't ruled out by the PWC summary, and that's why I included the possible explanation that Romney broke the letter of the law and not just its spirit.

 

"The IRS would be taking a keen interest/knocking down his door right now" is a non-sequitor with respect to that possible explanation.

 

Sorry, stinerman gets zippo points for initially following the lead of hard-nosed conservatives on this one.

An amnesty is entirely plausible, just not

(#290943)

a "necessary" explanation for Romney's phobia about letting his returns out. I think you're relying too much on the notion that Romney broke the rules, when the fact is that the details of his returns are likely to be disturbing and shocking (and embarrassing, and significant in this election) even if there's no record of violations of any kind

 

Romney has plenty of motive for not wanting people to see how much money he makes, where he makes it from, and how little he gives back in the form of taxes.

M Aurelius was probably right.

I didn't say amnesty was essential

(#290948)

And when you're talking about "no violations" that's what I meant by "broke the spirit". 

 

I think we're mostly saying the same things with a different style (and yours is likely superior), other than that I was a bit more accurate on the substance in allowing for literal law-breaking and a subsequent amnesty.

 

You'll have to allow that that is one reasonable explanation for ROmney releasing so few of his returns.

And now to disagree with stinerman.

(#290937)

Romney's tax returns do matter in this election. They absolutely matter. Why? Because his entire fiscal & economic policy rests on two words: tax cuts. 

 

Romney and Ryan together have signed off on a budget plan that would: eliminate the capital gains tax, eliminate corporate taxes, eliminate estate taxes, reduce top income brackets to 25%, raise the bottom bracket to 10% (there would be only 2 brackets), eliminate EITC and close credits and loopholes like the mortgage interest deduction, etc. The upshot of their plan would be that people who make the majority of their income through investments - people like Willard Mitt Romney - would pay next to nothing in taxes, while people who make their income through wages and salaries would likely see a substantial increase in taxes. 

 

In evaluating any politician's stated objectives, it is always important to ask the cynic's favorite question: cui bono? Who benefits? 

 

American voters deserve to know that Mitt Romney's 2010 effective tax liability under the Ryan budget would have been 0.82%. That is, instead of the $3 million and change he paid to the government in 2010, Romney would have owed just $177,650. Now that is one big pile of cui bono. And of course, every other millionaire financier, investment banker and corporate raider in the country would see a similar payday if something like Ryan's Path to Prosperity becomes law.

 

Meanwhile, the bottom 30% of earners would likely see their taxes increase, and at the same time nearly all federal spending on various programs & agencies (FBI, TSA, DOI, DOE, etc.) would disappear. 

 

So, the answer to the question, cui bono, couldn't be clearer. Mitt Romney bono. Mitt Romney bono a lot. In fact, you might call Ryan's budget a Path to Prosperity...for Mitt Romney. 

 

Whether it would also be a path to prosperity for the vast majority of voters, who'd see their taxes increase even as federal programs got decimated...well I think that's something they deserve to know about and make up their own minds about, using specific, concrete examples and numbers. Don't you?

 

Romney's tax returns are an excellent place to start.

M Aurelius was probably right.

One last comment

(#290947)
stinerman's picture

I agree with everything but the last sentence.

 

I mean, do you think that people who are considering who to vote for are now struck by the fact that Mitt Romney's tax plan would benefit Mitt Romney quite significantly?  Who didn't already know this?  Where are these people?  I'd like to have a word with them.  Of course his tax plan would benefit him.  It benefits rich people who don't work for a living, and he's a rich person who doesn't work for a living.

 

Everyone in congress is in the top tax bracket, and I'm willing to bet most of them earn the majority of their income from investments, not their congressional salary.

 

Romney wants to eliminate capital gains taxes.  That's a bad idea.  It's a bad idea if Romney made $10,000,000 in capital gains last year and it's a bad idea if he lost $10,000,000 in capital gains last year.  It doesn't matter if it benefits him or not; it's still an extremely bad idea.  On other side, Obama's plan to end the Bush tax cuts for the highest bracket is a good idea.  It's a good idea even if this somehow benefits Obama (it couldn't) or someone in Obama's extended family (possible).

 

Who benefits matters, I just don't get how that leads to "Romney must release his tax returns or else he's obviously cheating on his taxes."  The most likely explanation is that he doesn't want people to know how low his tax rate is.  The 2nd most likely explanation is that he simply doesn't want to do it out of personal privacy.  I have a hard time believing he knowingly filed an inaccurate return.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

I have a hard time believing

(#290951)

a presidential candidate is unwilling to release so many tax returns. What do you think is the best explanation for that?

 

Btw, when i say "cheating" I don't necessarily mean "strictly breaking the law".

 

Millionaires who aggressively exploit tax shelter loopholes and pay zero taxes may not be breaking the letter of the law, they may merely be breaking its spirit.

 

That's still "cheating" in a familiar sense.

Spirit? What spirit?

(#290953)

Those loopholes were deliberately put in by democratically elected legislators who were maximizing their own political self-interest.  It's not like millionaires taking deductions is some kind of unintended consequence, it is the whole point.   Part of the reason for letting them do it is political favoritism, part of it is an honest if mistaken desire to encourage certain types of investment behavior.

 

We've had the talk about "aggressively exploiting tax shelter loopholes" before,  and I told you that many of the loopholes aren't optional.  For example, paying the normal tax rate on something that could be at the lower capital gains rate gets you a serious fine.

 

And now TPM (I know you're not TPM and don't necessarily agree with them, but just to show you that Romney would be damned if he did or didn't) is bashing Romney for cheating by not taking the charitable deduction, thus faking a higher tax bill.

We have talked about the loopholes before

(#290955)

and I get your point about some of them, but what you say is not true of all.

 

For example, there are still *optional* loopholes esepcially with respect to constructing foreign tax structures that shield income.

 

Some multi-millionaires do that, some don't.

 

Or for example an IRA that has 8 figures in it. Almost no one does that, even if many could. 

 

These are examples of what might be meant by not following the "spirit" of the law. 

Yes I absolutely believe most voters are ignorant

(#290960)

as to a) how much Mitt Romney makes and b) how much less he pays in taxes compared to what they themselves pay. I also highly doubt most voters have clocked the fact that the tax "reform" Mitt has in mind would reduce his own tax rate to near zero while upping their taxes considerably.

 

I think most voters, whether conservative, liberal or uncommitted, would find this information quite relevant to making a decision.

 

I further believe that most voters aren't really aware of the effect of current tax laws, and so can't really begin to imagine the effect of the changes Ryan's Path to Prosperity (For Some) would have. I think a look at Mitt's taxes would be an eye-opening experience, and an excellent way to make tax policy a real national issue with a rare glimpse into the actual tax filings of a member of the "1%." 

 

I think you're vastly overestimating the general public's awareness of these issues.

M Aurelius was probably right.

Probabilities

(#290991)

Please correct me if I'm doing a Karnak or have the numbers wrong:

 

Chances that you or I would vote for Romney,  not knowing his tax rate:   0%

Chances that you or I would vote for Romney,  knowing his tax rate:  0%

 

OK, we're abnormal.  But I would estimate that the total number of voters who would hinge their vote on this issue is much less than 1%,  because 3% is roughly the number of genuinely undecided voters out there,  and most of those 3% as you point out are ignorant of the issue.  Where we differ is that I expect that they will remain ignorant of the issue through November 6,  and probably for all eternity after that.

More probabilities

(#290994)

Chances that Romney would have a chance to convince undecideds when the media is focused on negative stories about his tax returns: reduced %.

 

Chances that his base would be depressed: increased %.

 

Changes that Obama's base would be more enthused: increased %.

 

In fact, whose supporters are more enthused to vote is more important to the election's outcome than convincing the undecideds.

Exactly. There's a lot more to elections than just

(#290998)

"Y percent votes Obama" and "Y percent votes Romney."

 

There are millions of tepid Romney voters out there who will stay home if they decide their candidate is an incompetent, corrupt fool. There are tepid Obama voters who might make it to the polls after all once they realize that Mr. Job Creator is actually more or less a parasite bent on wrecking the polity once and for all.

 

There are also downballot races - particularly Senate races - that are directly affected by turnout for the Presidential vote.

 

The real breakdown of votes is something more like this:

% voting Romney: (hardcore Republicans, would vote for a skeeball machine if it were the top of an R ticket...but also a good number of nose-holders)

% not voting Romney: (NOT swing voters, rather, conservatives dissatisfied for one reason or another - THIS DEPRESSES DOWNBALLOT TURNOUT)

 

% genuine swing voters: (a tiny 2-3% margin of people who truly could go either way)

 

% voting Obama: (hardcore Democrats and nose-holders)

% not voting Obama: (NOT swing voters - disaffected liberals, Glenn Greenwalders, FDL-ers, also protectionists, classic leftists, not a few racists, etc. - DEPRESSES DOWNBALLOT TURNOUT)

M Aurelius was probably right.

Nyah

(#291055)

Surely you realize by now that what motivates Republicans more than anything is dislike of Democrats.  Your hypothetical  "% not voting Romney" see this whole issue as a lying d-bag Democrat continuing to try and smear their candidate even after it's proven over and over that the accusations were lies (and BTW that's a reasonable analysis on this particular issue).  What they would think is incompetent or corrupt is appeasing the Democrat haters.  

 

There are approximately zero people in the US who think taxes are too low that were going to vote Republican.

I honestly can't believe you wrote that

(#290944)
stinerman's picture

The burden of proof is not on me [...] but on Romney to show he isn't hiding anything.

 

I'm going to quietly withdraw from this thread because I've said all that I've needed to say on the matter, but that one right there is a whopper.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

I agree with Catchy

(#290946)

If there is a whopper there, I am not seeing it.

All I am seeing is a lot of sound and fury, but no tax returns.

I am not a pessimist. I am an incompetent optimist.

I maintain it's obvious commonsense

(#290949)

So obvious, I'm surprised I have to explain it to anyone who doesn't have a history of partisanship, as you admirably do not.

 

My guess is that you're probably not correctly incorporating context when judging the issue.

 

It would be entirely unreasonable in general for anyone to accuse myself or you of tax dodging on the basis of failing to release tax returns.

 

But this is a special case - a politician running for office with a very well established expectation that he'll release them. When he doesn't, that puts the burden on him to explain why, since the obvious explanation is that he's hiding something.

 

That's commonsense, not some outrageous fallacy.

I Have A Feeling A Lot Of Moderate Voters Are Following You

(#290984)
M Scott Eiland's picture

Especially if Debbie The D****it's arguments trying to keep this alive mix in any of these lame arguments along with the reheated propaganda.

The universe may well have been created without a point--that doesn't imply that we can't give it one.

Are you looking at the polls?

(#290986)
HankP's picture

because I'm not seeing your feeling reflected in the numbers.

I blame it all on the Internet

She doesn't need to

(#290987)

since Mitt is doing such a bang up job himself.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

TL;DR

(#290935)

This isn't pudding.

 

This is a third party's summary of pudding.

Is this a tree forest diary?

(#290966)

The problem is a lack of transparency not Harry Reid. The tax returns and what they tell us as a society are more important than if Harry Reid  embellished/fibbed etc..... This is like focusing on small parts of the budget and resentment politics vs corporate welfare. The debt and spending vs revenue shifting and the debt during a Financial Downturn and or looking at historic trends.....

 

In all honesty is this a look over hear diary because the rest is so depressing?

Ask courageous questions. Do not be satisfied with superficial answers. Be open to wonder and at the same time subject all claims to knowledge, without exception, to intense skeptical scrutiny. Be aware of human fallibility. Cherish your species and yo

No and no,

(#290983)
Bird Dog's picture

to answer your questions.

The problem isn't no so much a lack of transparency. Romney released two years and a summary of the last 20. Clearly, you and other liberals feel unsatisfied by the amount released, which is your opinion. There are no hard and fast rules.

I suggest that it's a serious problem when the second most powerful elected Democrat brazenly lies, either directly or via a purported "source". Apparently, this level of dishonesty doesn't seem to bother you and other liberals. I find that appalling. It tells me that, for you and the other liberals here, the ends justify the means and that it's okay to make completely baseless and unfounded charges when it benefits your party. Sorry, D, I'm not on board with that and never will be.

 

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

I'm sorry if Romney took IRS Amnesty

(#290995)

Because if the UBS deal or if you think a summary of an effective rate over time is not the same as paying none in some years. I tend to view the real issue as how this impacts the view of elite tax rates and average voters ignorance of the true impact of the bush tax policy.....

Ask courageous questions. Do not be satisfied with superficial answers. Be open to wonder and at the same time subject all claims to knowledge, without exception, to intense skeptical scrutiny. Be aware of human fallibility. Cherish your species and yo

This is a phony issue

(#291201)
Bird Dog's picture

Back when the 2004 candidate was a billionaire by marriage, and who was surely not living within the means of his Senate salary, the hue and cry from liberals for tax returns was diddly and squat. So what I'm seeing here is one big buttload of hypocrisy. This isn't an honest desire or debate to see what his finances are, it's pure politics. If you honest about wanting to see more financial disclosures, you would have joined me in that call eight years ago. You didn't. None of you.

 

 

 

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

Please show us BD

(#291203)

where Kerry was pushing a platform that would drastically lower his own taxes?

 

Hmm. What do you mean you can't? That is a difference between now and then don't you think? Well perhaps you don't think so but what you think is irrelevant to how a majority of the population feels about it.

Double standard

(#292278)
Bird Dog's picture

Are you suggesting that, as long as a billionaire-by-marriage politician calls for tax increases, that said politician has no need to disclose the tax returns, the income of which that lived off of?

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

Kerry Had A Legit Reason To Be Coy

(#291206)
M Scott Eiland's picture

Even for someone who had made such a good living at it for decades, having your profession on your tax forms listed as "gigolo/glorified cabana boy" tends to be a bit blush-inducing.

The universe may well have been created without a point--that doesn't imply that we can't give it one.

John Kerry had released 20+ years of tax returns by 2004.

(#291210)

Is there something about conservatism that makes it impossible to form valid analogies?

M Aurelius was probably right.

Kerry was obviously a shill for big ketchup,

(#291294)
brutusettu's picture

his wife's returns would surely show, but afaik

 

Kerry didn't run on his private sector prowess.

Kerry didn't claim that people that didn't take full advantage of tax avoidance mechanisms weren't qualified to be POTUS.

Nothing in his wife's returns (and other IRS documents) were suspected of having evidence Kerry was hiding money offshore.

etc

"I’m to believe that North Korea is so dangerously unhinged that they would attack without warning – yet so meek and easily cowed that they will sit quietly and not retaliate when we start bombing them."

Major Kong

Irrelevant

(#292277)
Bird Dog's picture

The issue was his wife's tax returns. None were produced, yet the issue died, and liberals and left-wingers defended this non-disclosure. I'm fairly certain he and Teresa did not live on his Senator's salary alone, not with all the windsurfing and trips to their Italian villa.

Government is merely a servant – merely a temporary servant; it cannot be its prerogative to determine what is right and what is wrong, and decide who is a patriot and who isn’t. Its function is to obey orders, not originate them.

You are right

(#291301)

if I remember the issue correctly... Kerry had released but his wife's income was still secret? That is pretty much equivalent I think.

 

Somehow though, and I'm not invested in this since I'm not a citizen, I'm a lot more curious about Romney's returns than I was about Kerry's wife's. I think there are a couple of reasons for that. Mostly because it is pretty obvious that Romney has something really ugly to hide. My guess is some sort of really offensive Camen Islands tax dodge just the right side of legal or maybe a settlement for evasion on for a non trivial amount. The second reason I think is that Kerry was running against such a monstrous character whose lies were so obvious and contemptuous and led to the worst of  degradations of public morality that a little bit of creative tax accounting didn't really even register on the offend-o-meter.

 

What is really puzzling to me is why any of you would want to vote such a rich man into power. Such as him will never have your interests at heart.

Seriously, This Totally Mystifies Me All the Time!...nt

(#291302)

Traveller

FDR?

(#291304)

The exception that proves the rule?

 

His cousin TR wasn't awful, either.

 

 

Cult of personality.

(#291307)

There's a very american trait of childish hero worship of the wealthy, famous, sports stars, etc. I've traveled quite a bit, so I know this kind of idolatry exists in other countries, but it's like oxygen in the USA... there's so much of it I don't think many people are even aware of it anymore.

 

Anyway, being wealthy here often means some celebrity status, at least for the wealthy people who are looking for it -- politicians. True for the kennedys, the bushes, donald trump, etc. They're considered a kind of royalty, as are big sports stars, musicians, etc.

 

I don't get it personally, but I'm a weirdo-american who doesn't enjoy watching any kind of sporting event, and doesn't believe in god or follow any of the various present day religious cults. 

Think of it another way...

(#290990)

Romney has the opportunity to stick a fork in Reid, the democratic Senate majority leader no less, and nail his ass good, to the point where Reid's leadership would lose viability, by the mere act of releasing documents he already has. Documents every other recent presidential candidate has released.

 

That's a heck of a good deal, isn't it? Do what everybody running for POTUS usually does, and get as a free bonus, for no extra effort, to wipe the floor with a major opposition figure.

 

Soooo, does Romney take this limited time, special offer? Does he jump on the chance to do the right thing and throw the democrats in disarray? Of course not! Instead, he belatedly delivers a note from his parents accountants. How lame is that?

 

That only makes sense in a universe where Romney's tax returns are dreadful, so that must be the universe we are in. There is no getting away from that.

 

Kind of reminds of of Mario Cuomo. In New York the word was that he had some skeletons in his closet, possibly mafia related. He would have been a good candidate, with instant funding, but in the end he knew better and did not even try. Romney should have known better.

I am not a pessimist. I am an incompetent optimist.

There ain't no forks here

(#290997)

You can't stick a fork in Reid because (a) he never did have a reputation for honesty to lose,  and (b) even if he's triple-hyper-proven to have lied the Democratic senators that put him in a leadership position will merely regret that he got caught,  not the tactic itself.   Also, his ass is too jellyish to hold nails, so that part doesn't work either.  

Other than it being the right thing to do,  Romney really has very little reason to release the returns.  I seriously doubt more than about 1% of the electorate would change their mind over this issue,  and by now the guy's probably more worried about preserving his business prospects after losing the election than anything else.  I can see lots of reasons why a large scale investor would not want his returns public.

nah, see below on your <1% canard.

(#291001)

Releasing the returns would make Romney look very good and change the national convo to what liars the Ds are, how Romney was honest and unfairly attacked all along, etc.  

 

MA's commonsense reasoning, which not everyone is exercising, couldn't be more accurate: ROmney stands to substantially gain from releasing clean tax returns and is substantially damaged by having released so few.

 

Add up this opportunity cost, of which Romney is fully aware, and you have a plausible idea of how damning some things in his returns are.

 

These strike me as very basic kinds of inference which are employed all the time in situations of imperfect information. To not deploy them here suggests emotional interference or some other sort of confusion.

Or maybe he's waiting until later in the campaign,

(#291003)

and he'll release twenty or so years' worth of returns, they'll be more or less immaculate except for the scandalously low "Warren Buffett" rate he's paying. That way, the story in the final days of the election will be about how Mitt is vindicated, how the Democrats viciously attacked him and demanded that he drag his private affairs into the limelight for them to pick over for oppo research. Of course it'll be too late for any real oppo research, and he'll come up roses. It'll be a brilliant coup.

M Aurelius was probably right.

Hmmm....  Interesting theory

(#291005)

Hmmm....  Interesting theory but the Obama campaign and superpacs will have had many weeks to establish Romney's identity as a tax-evading rich guy who hates the poor.  That storyline has been very effective and if Romney can possibly put a stop to this association, he'd better do it now.  In a month or so, he'll hemorrhage even more votes with little chance to get them back even with a "revelation".  Besides, the question on everyone's mind will be "well, why didn't you release them months ago?" and more suspicion will be raised.

 

In any case, BD's title is incorrect.  Nothing has been proven except for the details of the 2011 tax return.

Another hypothesis

(#291011)

Romney is one of the very top LDS supporters in the entire country and didn't want his massive backing of the Mormon church to be front and center in an election that requires solid evangelical support.

 

But that doesn't seem like a very plausible hypothesis either - everyone already knows Mitt was a bishop in the LDS church. 

 

 

But...

(#291018)

...people might not fully grasp the amounts involved. 10% of the Romster's income so far is a very large amount of money, several tens of millions. That would sure occupy a news cycle or two.

Yet, I think the offshore accounts and tax shelters are the real problem. Swiss bank account? That puts him in some pretty sorry company.

I am not a pessimist. I am an incompetent optimist.

It's possible!

(#291006)

But I'd consider it significantly less likely than the alternative explanation that Romney's hiding something.

 

Everyone knows the challenger's challenge is not to let themselves get branded early and negatively. 

 

Romney refusing to release most of his tax returns after he was the GOP's nominee compromised that in a major way. 

 

I don't think you can entirely reverse that negative branding near the end of the election after voters already have negative emotions/ideas associated with you. 

 

The people running the Romney campaign aren't that clueless - it's likely they're just having trouble making the best of a pretty lousy candidate.

I sincerely doubt it

(#291009)
HankP's picture

elections don't pivot on just one thing. I think a more likely response would be "If there's nothing there, then why the f(*k didn't he release this stuff months ago?"

 

I blame it all on the Internet

Sorry, Hank. Catchy says "It's possible!"

(#291012)

and that's good enough for me. That should be good enough for anybody! 

M Aurelius was probably right.

possible ---> proven

(#291014)

That's a pretty fun way to reason.

 

Am I just ruining everyone's Sunday fun by pt.ing out that fun reasoning doesn't necessarily track truth very well?  

Not at all

(#291021)
HankP's picture

the football results are proving that "possible" is a bit wider in scope than most people think.

I blame it all on the Internet

That Would Work

(#291017)

But I think the timing for that would be within the next week or so, before the debates.

 

After the debates, if Romney is ahead it won't be necessary. If Romney is behind, it will look like desperation: Take my returns! Please!

 

I've been thinking they were going to release them late for maximum effect, but late is from now to the eve of the first debate. After that, the math starts to work against them.

 

That said, the Occam's razor view is that Romney is just too entitled and contemptuous of mere plebes to accept that he should be forced to reveal his sophisticated financial and tax engineering that the great unwashed would not understand.

 

 

I am not a pessimist. I am an incompetent optimist.

"Easier for a camel to pass through the eye of a needle

(#291019)

than for a rich entitled boob to get elected President."

M Aurelius was probably right.

Bush II, Bush I, Kennedy, FDR, etc -nt

(#291099)

.

Only Bush II fits the complete description

(#291102)

.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

FDR was a genius in a wheelchair, a war president,

(#291104)

hardly a boob, wouldn't say entitled either. Kennedy had legendary oratorical powers and real political vision, Bush I is a bit of a boob, but he is an intelligent, experienced man who knows when not to say dumb things. Bush II, you got me there.

M Aurelius was probably right.

Depends on what "entitled" means

(#291105)
stinerman's picture

Not much of a boob, though.

 

But as Marvin Lee Aday says, two out of three ain't bad.

The Constitution does not vest in Congress the authority to protect society from every bad act that might befall it. -- Clarence Thomas

Can I bring in the immortal Felix Faure

(#291112)
mmghosh's picture

in your classification of rich, entitled Presidents (you didn't specify American Presidents, so not a threadjack).

 

"Il voulait être César, il ne fut que Pompée"

Then large scale investors need not run for President

(#291004)

or they can run and try to brass it out like Romney.

 

But they are owed no special privileges by virtue of their 'complicated' financial arrangements, regarding the convention of candidates releasing tax returns.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Early Voting Has Already Begun...

(#291013)

...in Georgia  maybe others are already accepting ballots, 45 days out...another 31 states will come on line with early voting within 22 days out.

 

http://www.ncsl.org/legislatures-elections/elections/absentee-and-early-...

 

Being tagged early and often is, I believe, important...If Mittens is going to make a move, it had better be now. Votes are tabulating.

 

Traveller

Update & summary

(#291393)

courtesy of Rachel Maddow's non-Soros funded yet indubitably unhinged partisan propaganda outfit (no journalism allowed): Tax return questions haven't gone away

 

Basically, the Mitster is trying to pull a fast one by misleading the voting public with statements that stretch the definition of truth to breaking point. Hey, just like the rest of his campaign.

"Something I think most liberals don't understand is exactly how stupid many conservative leaders are." - Matt Yglesias

Weasel

(#291410)

trying really hard and spending dumpsters full of cash to convince people that he is not a weasel just makes many more people believe with certitude that he is a weasel.