Tin Foil Hat Time - Mittster taxes/voting

[rufus dog]

Did Mitt vote in the Scott Brown Senate Race in MA?

If so, and that was his declared voting residence, will he show MA as his home state on his tax returns, or will it be UT?

[Motown_Johnny]

1. good question

can we find out where he paid state income taxes (assuming he did)

[spartan61]

2. And what about the gift taxes on the

mega millions he gave to his sons? I thought you were only allowed to give $12,500 per year to a recipient without a gift tax.

[rufus dog]

3. true, but the 'Pukes will give him a pass on that

But if he voted in MA and declared UT as his home for lower taxes he is in a pickle. Voter fraud or Tax evasion!

[customerserviceguy]

4. That wouldn't show up on an income tax return

There's a separate gift tax return that you fill out for that. And there is a unified credit that each person has, which can be drawn down before gift tax is actually paid, which reduces how much you can pass tax free at death.