Forum Post: Romney used Son Of Boss tax scam to help fellow Mormon Marriot's profits. (Lying for the Lord)
Posted 5 years ago on Aug. 12, 2012, 5:41 a.m. EST by fiftyfourforty
from New York, NY
This content is user submitted and not an official statement
When Romney was on Marriott's board -- actually chairman of the freaking Audit Committee, Marriott engaged in tax fraud schemes known generically as "Son of Boss". In other words, this was such a common tax scam (the official IRS term is "abusive tax shelter") that the IRS had a name for it. Here is a summary of what went on under Romney's watch.
Here's a primer on these "Son of boss" tax scams -- regarded by the IRS as an abusive tax shelter -- i.e. tax cheating. http://www.forbes.com/sites/peterjreilly/2012/08/08/son-of-boss-for-sons-of-you-know-if-marriott-did-it-did-romney/
It appears that Joseph Smith's theology in forming the Mormon religion includes the concept of "lying for the lord" where it is OK to lie as long as it is to the benefit of Mormons, which of course it would be in the case of Marriott and Romney.
It would not be hard for Romney to rationalize that his own personal tax cheating in general is OK because that generates a profit for him and he gives 10% of that to the church -- ergo lying for the lord.