What if Obama refused to release his tax returns?

Discussion in 'Free Speech Alley' started by Cajun Sensation, Sep 18, 2012.

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  1. KyleK

    KyleK Who, me? Staff Member

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    http://townhall.com/tipsheet/guyben...s_media_get_punkd_romney_releases_tax_returns






    - In each year during the entire 20-year period, the Romneys owed both state and federal income taxes.
    -Over the entire 20-year period, the average annual effective federal tax rate was 20.20%.
    -Over the entire 20-year period, the lowest annual effective federal personal tax rate was 13.66%.
    -Over the entire 20-year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income.
    -Over the entire 20-year period, the total federal and state taxes owed plus the total charitable donations deducted represented 38.49% of total AGI.
    -During the 20-year period covered by the PWC letter, Gov. and Mrs. Romney paid 100 percent of the taxes that they owed.​


    The Romney camp sends out this statement from former IRS Commissioner Fred Goldberg, who reviewed the Romneys' tax documents:

    These returns reflect the complexity of our tax laws and the types of investment activity that I would anticipate for persons in their circumstances. There is no indication or suggestion of any tax-motivated or aggressive tax planning activities. In my judgment, they have fully satisfied their responsibilities as taxpayers. They have done so by relying on a highly reputable return preparer and other advisors, who have in turn relied primarily on information provided by third parties to them and to the IRS. The end result of that process has been returns that include a multitude of schedules, IRS forms and accompanying statements that provide appropriate transparency and the proper payment of taxes that Governor and Mrs. Romney owe under current law.​


    But Harry Reid says this, totally unsubstantiated, and every media outlet jumps all over it as if it is gospel:



    I don't think Obama has given this much detail. Where's the outrage?

     
    KyleK, Sep 21, 2012
    #71
  2. martin

    martin Banned Forever

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    Maybe he also secretly a rapist.
     
    martin, Sep 21, 2012
    #72
  3. martin

    martin Banned Forever

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    If we proved that people are partisan hacks, what would the accomplish?

    Are you any different?

    Some people don't care about birth certificates or tax returns at all.
     
    martin, Sep 21, 2012
    #73
  4. martin

    martin Banned Forever

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    can i bet that the hacker group is lying?
     
    martin, Sep 21, 2012
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  5. MLUTiger

    MLUTiger Secular Humanist

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    In a year in which he considered himself to be unemployed. Hard to sympathize with a guy or believe he has a clue about the real world if he makes $14 million in a year in which he didn't hold a job.

    I wonder if he'll file an amended tax return next year for his "true" tax rate?
     
    MLUTiger, Sep 21, 2012
    #75
  6. LSUpride123

    LSUpride123 PureBlood

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    I don't think he has asked for sympathy.


    Regardless, I am not sure what being a millionaire has to do with "having a clue".


    You saying he makes to much?
     
    LSUpride123, Sep 21, 2012
    #76
  7. Tiger in NC

    Tiger in NC There's a sucker born everyday...

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    Actually there is a basis for this: Top Marginal Tax Rates have historically been over 50% in the US. It isn't until the Reagan tax cuts of 1982 that the top marginal rates began falling below this level. further, there is good historical evidence to suggest that the lowering of the top marginal rates below 40-50% are directly correlated to economic crisis. The only other time in our history that the top marginal rates were lowered as much as they are today was during the administration of Herbert Hoover and we all know what happened in the years following his tax cuts: the rich got very rich and the Great Depression began in 1929 with the collapse of the stock market. The only other time in our history that this has occured is after the Bush Tax Cuts when the very same scenario unfolded.
     
    Tiger in NC, Sep 22, 2012
    #77
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  8. Tiger in NC

    Tiger in NC There's a sucker born everyday...

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    I do not fault Romney for paying only what the law requires of him and I have said this all along. My problem is with a tax code that only requires someone like Mitt to pay 14%. secondly, what's the big secret? why not just release your taxes if you have nothing to hide?

    Further, Romney's problem with his taxes is more related to his refusal to publish them for public scrutiny like every other Presidential candidate does. this has been further exacerbated by the fact that Romney has run on his record as a business man which has opened him to criticism over anything that is related to money.
     
    Tiger in NC, Sep 22, 2012
    #78
  9. martin

    martin Banned Forever

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    the argument "why not if you have nothing to hide" is never valid. every time someone says that to anyone the person hearing it should punch the other fucker in the face.
     
    martin, Sep 22, 2012
    #79
  10. Tiger in NC

    Tiger in NC There's a sucker born everyday...

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    spoken like someone with something to hide
     
    Tiger in NC, Sep 22, 2012
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