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Romney's Taxes? (Original Post) ruffburr Oct 2012 OP
Do you think this MSM worthy? kansasobama Oct 2012 #1
Does this mean Bloomberg News is in possession of Romney's tax returns? aint_no_life_nowhere Oct 2012 #2
They got the returns of the LDS charity Robme is using to pull it off. beac Oct 2012 #5
Willard is of low morals ........... Angry Dragon Oct 2012 #3
Some of the Wellstone ruled Oct 2012 #4
Should not this go viral? kansasobama Oct 2012 #6

aint_no_life_nowhere

(21,925 posts)
2. Does this mean Bloomberg News is in possession of Romney's tax returns?
Mon Oct 29, 2012, 03:58 PM
Oct 2012

"Tax returns obtained by Bloomberg News through a Freedom of Information Act request indicated that Romney set up a charitable remainder unitrust (CRUT) in June 1996 just before Congress cracked down on the loophole in 1997.

“In this instance, Romney used the tax-exempt status of a charity — the Mormon Church, according to a 2007 filing — to defer taxes for more than 15 years,” Bloomberg’s Jesse Drucker explained. “At the same time he is benefitting, the trust will probably leave the church with less than what current law requires.” ..."

Anyone in the know understand what tax returns they are referring to? I didn't think the FOIA could obtain privileged returns.

beac

(9,992 posts)
5. They got the returns of the LDS charity Robme is using to pull it off.
Mon Oct 29, 2012, 04:08 PM
Oct 2012

Not ONLY does that rich, selfish POS reap HUGE tax savings, but the charity can end up with zero, yes ZERO, in the end. Meanwhile, Mittens-the-Moocher MAKES money on the deal!:


The current investing strategy favors the Romneys over the charity because they get a guaranteed payout...

*snip*

... “what’s going to go to charity is probably close to nothing,” Hesch said.


 

Wellstone ruled

(34,661 posts)
4. Some of the
Mon Oct 29, 2012, 04:02 PM
Oct 2012

Udah sheeple are pissed that the Willard used their cult to benefit himself. For crying out loud,all the wealthy Mormons use this huge loophole among other special accounts to hide and move funds around.

kansasobama

(609 posts)
6. Should not this go viral?
Mon Oct 29, 2012, 04:17 PM
Oct 2012

I hardly see this on any MSM channels as breaking news? We may have to go viral....

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