Welcome login | signup
Language en es fr
OccupyForum

Forum Post: Romney's long history of hiding his exorbitant but legal business practices

Posted 2 years ago on Aug. 17, 2012, 2:48 p.m. EST by Underdog (2971) from Clermont, FL
This content is user submitted and not an official statement

http://truth-out.org/news/item/10542-hide-the-ball-romneys-long-history-of-hiding-his-exorbitant-but-legal-business-practices

http://en.wikipedia.org/wiki/Blind_trust

From above Wiki --->>> Politicians or others in sensitive positions often place their personal assets (including investment income) into blind trusts, to avoid public scrutiny and accusations of conflicts of interest when they direct government funds to the private sector.

23 Comments

23 Comments


Read the Rules
[-] 1 points by fiftyfourforty (1077) from New York, NY 2 years ago

The "Son of boss" accountancy slick maneuver he helped fellow Mormon Marriott with turned out not to be legal. Could it be that a thorough audit of his last ten years would find the same or similar maneuver on his own behalf? The IRS does not audit every tax return, so such stuff could have slipped through.

Then there is the question of how he parlayed an annual contribution of $30,000 to his IRS over fifteen years into $100,000,000. If he did that without breaking any law he should be proud of his cleverness and desirous of sharing his methods with one and all.

Looking at the ethics of his main financial supporter Sheldon Adelson, with whom Mitt does not want to be photographed (gee, why is that?) it is reasonable to suspect some very shady stuff. I think if anything Reid was running interference for Mitt. The question is what tax laws has this guy violated???

[-] 2 points by Underdog (2971) from Clermont, FL 2 years ago

The IRS does not audit every tax return...

True, but I wonder why they wouldn't audit 10 years of returns on someone who is seeking the Presidency of the United States? That seems like a no-brainer to me. They've got his returns on file. Why wouldn't they do it? And why wouldn't they make those audits public? We're talking about a guy who is seeking the most powerful position in the land. Someone who might be required to make a decision about "pressing the button". You need someone of enormous character and integrity in that office...not this clown.

[-] 1 points by fiftyfourforty (1077) from New York, NY 2 years ago

For the IRS to go back on Romney's tax returns now would perhaps rightly be called political misuse of executive power. Nixon did this to his political foes- made sure they were audited- and Nixon was rightly accused of abusing his power for that. The IRS cannot make his or yours or my tax returns public unless i suppose they give it to a prosecutor for trial.

Look how the rightists are trying to pressure Holder and the Department of Justice and the SEC away from looking into the litle world of Sheldon Adelson, which they have cause to do having nothing to do with his right wing bankrolling.

https://www.google.com/#q=sheldon+adelson+justice+department+prostitution&hl=en&rlz=1C2RNAN_enUS460US460&prmd=imvnso&ei=t7EsUMWZOLSHyQHAiYHIAQ&start=0&sa=N&fp=1&biw=1124&bih=721&bav=on.2,or.r_gc.r_pw.r_qf.&cad=b

[-] 1 points by Underdog (2971) from Clermont, FL 2 years ago

Well, there needs to be a law passed that says that if you are a candidate for the POTUS that you will be audited for 10 years back regardless of party or political affiliation. In other words, it would be turned over to independent auditors and made public. I know that these politicians have a lot of skeletons in their closets, but they are public property in my view if they are seeking public office. If they can't stand the heat, they should get out of the kitchen.

[-] 1 points by fiftyfourforty (1077) from New York, NY 2 years ago

There could be a "Bradley Manning" lurking within the IRS offices, who knows...

[-] 1 points by Underdog (2971) from Clermont, FL 2 years ago

Would love to see the Mittwit's returns show up on WikiLeaks. Omg, that would be AWESOME!!!

[-] 1 points by VQkag2 (16478) 2 years ago

I like that idea. Maybe even a law to audit all returns over several million annual income.

[-] 1 points by fiftyfourforty (1077) from New York, NY 2 years ago

That's exactly not the priority of the IRS. Would you believe that to get the highest Earned Income Tax Credit possible some people of very modest means overstate their incomes as it puts their EITC higher. That's been job one of the IRS- to stop and catch those people.

[-] 1 points by VQkag2 (16478) 2 years ago

So the people you refer to are low income people right?

huh? Doesn't sound right. But I suppose if you want more money you go "where the money is" If we asked Willie Sutton he would say get the money from the banks! Not the shoe shine boy.!

You understand? The wealthy have all our money! not the poor people. They can hardly feed their families!! you wanna take from them?

[-] 1 points by fiftyfourforty (1077) from New York, NY 2 years ago

If you are the IRS you don't necessarily go for the money, you go for the low hanging fruit rather than climb the tree.

[-] 1 points by VQkag2 (16478) 2 years ago

Well the low hanging fruit s/b the wealthy, if not the irs needs to get their fat lazy ass up the tree!

[-] 1 points by Underdog (2971) from Clermont, FL 2 years ago

I wish we could get that on a national referendum for voting. I'll bet it would pass easily. I've seen state referendums, but not national. How is that done?

[-] 1 points by VQkag2 (16478) 2 years ago

Well if we want to test real direct democracy where everyone votes on each issue/law this would be decent one. Maybe not the highest priority (money out of politics s/b 1st) but a good one.

I think we need an internet software solution thatwould alloe for verifiable voting for every eligible voter.

I suppose that isn't what you're askin so sorry 'bout that.

[-] 0 points by funkytown (-374) 2 years ago

Believe me, the Obama administration has already done this. But in any case the reason these things don't occur is because no politician is completely clean; there is a world of internal politics we are not privy to which can be extremely vengeful. Live by the sword, you will die by the sword; this was never more true than of politics.

[-] 1 points by VQkag2 (16478) 2 years ago

Elect progressives, Vote out taxe evading politicians

[-] 0 points by funkytown (-374) 2 years ago

I'm a tax 'vader, at least in theory.

[-] 1 points by VQkag2 (16478) 2 years ago

Darth Vader?

[-] 0 points by funkytown (-374) 2 years ago

Nah, more like a mastervader I think.

[-] 1 points by VQkag2 (16478) 2 years ago

Whatever floats your boat.

[-] 1 points by Underdog (2971) from Clermont, FL 2 years ago

Guess he wasn't dubbed "Slick Willard" for nothing...

[-] 1 points by VQkag2 (16478) 2 years ago

He's the quintessential 1% elitist plutocrat. We cannot let him get elected.

[-] 1 points by Underdog (2971) from Clermont, FL 2 years ago

Amen.

[-] 2 points by VQkag2 (16478) 2 years ago

And can I get a hallelujah in here.!