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Forum Post: Willard Mitt Romney's FBAR FUBAR- Did Romney participate in an IRS amnesty for tax evaders? He could clear that up.

Posted 11 years ago on July 23, 2012, 2:33 p.m. EST by fiftyfourforty (1077) from New York, NY
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Romney could clear some of this matter about tax evasion up with a copy of his FBAR for 2009. That is the year his bank came to an agreement with the IRS whereby UBS client names in Switzerland were given over after the clients had the opportunity to take an amnesty from criminal charges. If Romney was complying with the law back then he would have filed on time an FBAR with the IRS (technically not a part of his tax return but a report to the IRS of foreign bank accounts.) If indeed he was evading taxes illegally the FBAR would either not be there or would have been filed late, as in after the amnesty. If Romney tried to illegally evade taxes, got caught and took an amnesty from criminal charges, as seems very likely, that's something the world ought to know about, given the job he is applying for.


There is however a bunch of other stuff that could prove to have been illegal, even felonious.

http://arrestmittromney.blogspot.com/2012/07/mitt-romney-voter-fraud-too.html http://arrestmittromney.blogspot.com/2012/07/daily-kos-blogger-makes-case-for.html


He could clear all this stuff up one two three and then move on. Why is he so damned stubborn about this stuff? Here in the Huffington Post the intelligence of the American voter gets royally insulted with the statement that Romney never thought he'd have to show tax returns to the electorate. Wow!


Here's the headline, can you believe that?

Mitt Romney Never Thought He'd Have To Release Tax Returns: Bain Sources




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[-] 3 points by rpc972 (628) from Portland, OR 11 years ago

Alfie / Romney lyrics:

What's it all about, Romney? Is it just for the profit we live? What's it all about when you cost it out, Romney? Are we meant to take more than we give Or are we meant to pay our tax? And if only fools pay tax, Romney, Then I guess it's wise to swindle. And if life belongs only to the wrong, Romney, Why wouldn't you bend any old golden rule? As sure as I believe there's a heaven above, Romney, I know there's something much more, Something even non-taxpayers can believe in. I believe in dues, Romney. Without our tax we just exist, Romney. Until you find returns you've missed you're nothing, Romney. Let your tax returns lead the way And you'll find "love" election day, Romney, Romney.

[-] 1 points by fiftyfourforty (1077) from New York, NY 11 years ago

I like this! You ought to make it into a you tube video. Bet it would go viral.

(edit) It would have to be more professional than this i think.... http://www.youtube.com/watch?v=uHFGQFVWtns&feature=player_detailpage#t=64s

[-] 0 points by rpc972 (628) from Portland, OR 11 years ago

Go for it!! (c)rpc I'll split it with you

[-] 1 points by fiftyfourforty (1077) from New York, NY 11 years ago

Seriously i can take it down. It's got 4 hits three are me.

[-] 0 points by rpc972 (628) from Portland, OR 11 years ago

It needs a singer on piano ala Burt Bacharch.

[-] 1 points by fiftyfourforty (1077) from New York, NY 11 years ago

Somewhere in NYC there is a pianist and a singer who could do this.

[-] 0 points by rpc972 (628) from Portland, OR 11 years ago

Anywhere. It doesn't have to be good, just clear. Funny or Die??

[-] 3 points by brightonsage (4494) 11 years ago

You have the goods. Now if the MSM would just pick it up?

Hey he got away with it in two other elections. That was before the amnesty, however. Maybe in the debates he will get the direct question.

[-] 1 points by fiftyfourforty (1077) from New York, NY 11 years ago

I know it's frustrating. Look here. Rachel Maddow knows about the Adelson prostitution connection. It's even on her blog, but she has yet to put it out on air. Maybe waiting for Jacobson's days in court at the end of August.


[-] 1 points by brightonsage (4494) 11 years ago

I heard her mention it in passing, I think. See if she digs deeper now?

[-] 2 points by fiftyfourforty (1077) from New York, NY 11 years ago

I'd imagine she is sort of warning the GOP that this is an upcoming scandal. The trial resumes August 30, after the GOP convention. Adelson's lawyers have been warned by the judge not to "forget" or "misplace" documents that the plaintiff wants the court to see.

[-] 1 points by brightonsage (4494) 11 years ago

Gonna be interesting.

[-] 1 points by TrevorMnemonic (5827) 11 years ago

lol I can't wait to watch Romney unravel over the next 60 days

[-] 0 points by SteveKJR (-497) 11 years ago

Where are you going with this? Why don't you give it up - if what he did was illegal someone would have taken him to court on it. Why was that not the case?

[-] 0 points by SteveKJR (-497) 11 years ago

This was written in the article - what's illegal about that?

Romney is taking advantage of planning allowed under federal tax law. By allowed I mean loopholes

[-] 1 points by fiftyfourforty (1077) from New York, NY 11 years ago

Evading taxes by not reporting income and hiding the money in Switzerland is a crime. In the particular case the authorities got the cooperation of UBS and offered the criminals involved- that's what they are- amnesty, probably to encourage them to reveal all and pay the fines and interest involved - including on money the authorities might not have found out about. So, it as appears likely Romney took an IRS amnesty in 2009 he is a pardoned criminal. This probably doesn't impress people who share his ethical code but there are a number of legitimately honest, religious and patriotic people who will be offended to learn that Romney was caught cheating on his taxes - and we are talking about that- and that he has taken money from someone who he knows get it from China and some of it from prostitution. I understand that doesn't impress you or other ideological fascists but it only has to impress a few thousand honest GOP leaning independent voters, convincing them to stay home, in a few swing states, to be serious history changing information.

[-] 0 points by SteveKJR (-497) 11 years ago

Ok, lets see the paperwork where he "took IRS Amnesty in 2009"

There is what's called the "freedom of information act" where such documents can be made access to.

So where are the documents - we have the hype but no documentation.

[-] 1 points by fiftyfourforty (1077) from New York, NY 11 years ago

An amnesty means the IRS won't reveal the information. It's Romney who is hiding the information that could clear his name on this one matter. I hope the dems have to balls to keep hammering on this. It doesn't have to move so many voters for it to have good effect.

[-] 0 points by SteveKJR (-497) 11 years ago

Well, here's the link to the IRS website listing all FOI requiremens - didn't see anything restricting FOI regarding amnesty. As a matter of fct they don't even address it so I guess that is not an issue.


[-] 1 points by fiftyfourforty (1077) from New York, NY 11 years ago

Nope. Everyone knows that tax returns are confidential. that's why even Obama can only ask Romney to reveal the information.



26 U.S.C. § 6103

§ Section 6103. - Confidentiality and disclosure of returns and return information

(a) General rule

Returns and return information shall be confidential, and except as authorized by this title -

(1) no officer or employee of the United States, ... shall disclose any return or return information obtained by him in any manner in connection with his service as such an officer or an employee or otherwise or under the provisions of this section. For purposes of this subsection, the term ''officer or employee'' includes a former officer or employee.

(b) Definitions

For purposes of this section -

(1) Return

The term ''return'' means any tax or information return, declaration of estimated tax, or claim for refund required by, or provided for or permitted under, the provisions of this title which is filed with the Secretary by, on behalf of, or with respect to any person, and any amendment or supplement thereto, including supporting schedules, attachments, or lists which are supplemental to, or part of, the return so filed.

(2) Return information

The term ''return information'' means -

(A) a taxpayer's identity, the nature, source, or amount of his income, payments, receipts, deductions, exemptions, credits, assets, liabilities, net worth, tax liability, tax withheld, deficiencies, overassessments, or tax payments, whether the taxpayer's return was, is being, or will be examined or subject to other investigation or processing, or any other data, received by, recorded by, prepared by, furnished to, or collected by the Secretary with respect to a return or with respect to the determination of the existence, or possible existence, of liability (or the amount thereof) of any person under this title for any tax, penalty, interest, fine, forfeiture, or other imposition, or offense,

... (3) Taxpayer return information

The term ''taxpayer return information'' means return information as defined in paragraph (2) which is filed with, or furnished to, the Secretary by or on behalf of the taxpayer to whom such return information relates.

... (6) Taxpayer identity

The term ''taxpayer identity'' means the name of a person with respect to whom a return is filed, his mailing address, his taxpayer identifying number (as described in section 6109), or a combination thereof.

(7) Inspection

The terms ''inspected'' and ''inspection'' mean any examination of a return or return information.

(8) Disclosure

The term ''disclosure'' means the making known to any person in any manner whatever a return or return information.

(9) Federal agency

The term ''Federal agency'' means an agency within the meaning of section 551(1) of title 5, United States Code.

Nice try though. Disinformation fail. If Romney's tax returns or yours or mine were available to the public there would be no issue here. The Dem fact checkers would have long ago gone through the last 30 years of Romney's taxes and scraped up any and every flaw. Of course there is the possibility that there is a "Bradley Manning" who has access somewhere in the IRS...

[-] 0 points by throaway (57) 11 years ago

Obama under reported his 2004 income and only a conservative website has picked up on this. Hmmmmm

President Barack Obama released his recent personal finance records in 2008, which included his 2004 U.S. Individual Income Tax Return and Senate Annual Finance Report. President Obama's records for 2004 do not reconcile with the State of Illinois Comptroller's Office. There are inconsistencies in the total compensation received as an Illinois State Senator. The largest error likely is President Obama's omission of a "Leadership Stipend" of over $8,000. This stipend should have been recorded as income.

Read more: http://www.americanthinker.com/blog/2012/07/did_barack_obama_underreport_his_income_to_irs.html#ixzz21a4Byhnl

[-] 2 points by fiftyfourforty (1077) from New York, NY 11 years ago

I'm not asserting that Obama is a particularly honest man here. He might have been trying to avoid paying taxes on eight thousand dollars, but it looks to me like it just as easily have been an error. It's not as though he tried to conceal his returns, he left them out there to be examined and combed over by GOP and Romney campaign staff. Looks like they found a mistake here. What is suspected of Romney is far more serious and couldn't be passed off as a one off error not by the most charitable observer. We are talking about tax evasion via a UBS Swiss account, the taking of an amnesty from criminal charges. We're talking about falsified filings to the FEC and SEC.

Also at this point we are talking about Romney knowingly accepting the financial assistance of a man whose money is tainted by prostitution in China. Something so worrisome that McCain warned the GOP that Adelson's money is going to redound in a destructive scandal.