Is The IRS Going After Romney For Crimes & Not Paying USA Federal Taxes??

Started Aug 3, 2012 | Discussions
BRJR
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Is The IRS Going After Romney For Crimes & Not Paying USA Federal Taxes??
Aug 3, 2012

1. And, is the fact that revealing his tax returns will show that Romney is a felon regarding his taxes, the reason Romney is refusing to release them??

2. Here are two links to info that suggests yes to both issues I have just raised:

(Harry Reid: "Mitt Romney Didn't Pay Taxes for 10 Years")

http://www.youtube.com/watch?v=dr9fAT58HvY&feature=youtube_gdata_player

("Lawrence O’Donnell Asks Tax Attorney If Mitt Romney May Be Hiding A Felony In His Tax Returns ..")

http://www.mediaite.com/tv/lawrence-odonnell-asks-tax-attorney-if-romney-may-be-hiding-a-felony-in-his-tax-returns/

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mamallama
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I believe Romney was given amnesty to correct his false filing
In reply to BRJR, Aug 3, 2012

BRJR wrote:

1. And, is the fact that revealing his tax returns will show that Romney is a felon regarding his taxes, the reason Romney is refusing to release them??

I think the issue may be more an embarrassment than a felony and has to do with Romney initially failing to file the form declaring his foreign bank accounts. It's believed that he later was given government amnesty to retroactively file it when he was audited and cited for it.

Had he not participated in the generous government amnesty program, he would have been guilty of a felon. That is one of the embarrassments, along with the shame of having paid little or no income taxes for several years (as Harry Reid has mentioned), that is making Romney not releasing his tax returns.

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BRJR
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Romney Brings A Lot Of Baggage & Uncertainty About Himself
In reply to mamallama, Aug 3, 2012

For someone that wants to be POTUS & A Major World Leader. He is clearly out of his league and is unqualified and unfit for the position, to boot.

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Fresch
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Re: Is The IRS Going After Romney For Crimes & Not Paying USA Federal Taxes??
In reply to BRJR, Aug 3, 2012

I saw where Tim Turbo Tax needed to fix his nonpayment of tax, as many other of 0bama staff, democrap congress people.

Didn't I see where Harry beats his wife, has sex with small farm animals, well some one said it on the net so it must be true!
You two look so goofy with your stuff every time it is sad.

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Fresch
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Re: Romney Brings A Lot Of Baggage & Uncertainty About Himself
In reply to BRJR, Aug 3, 2012

Like what 0bama brings to the table? ZERO!

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WoodMaven
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Mitt Romney will have the last laught.....
In reply to BRJR, Aug 3, 2012

...this morning on NPR I heard Romney stating that Reed has it wrong and should reveal the source of the claim. If that turns out to be true, Reed and all the liberals on this forum will have egg on their faces. I'm betting Romney paid exactly as much in taxes as he was required to do. No "felon" here.

BR Jr., you are engaging in a despicable smear tactic. You know NOTHING and insinuate much. That makes you a lamer.

BRJR wrote:

1. And, is the fact that revealing his tax returns will show that Romney is a felon regarding his taxes, the reason Romney is refusing to release them??

Wilhelm, the WoodMaven

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edwardaneal
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Re: Mitt Romney will have the last laught.....
In reply to WoodMaven, Aug 3, 2012

Reed is making things up

This is an old democrat tactic to try to shift focus. they are trying, agan, to get people to focus on Romney's wealth - - to make him the evil 1%.

fact is it would take less that a minute for the IRS to look up on their computers to see if Romney properly paid his taxes and if he didnt they would audit him - even before electronic filing the information on every tax form was entered into IRS computers and stored

as a side note I am actually loving this line of attack - - it is just more proof that Obama and the democrats dont have anything positive to run on - - zip, zero nada

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Princess Leia
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Re: Is The IRS Going After Romney For Crimes & Not Paying USA Federal Taxes??
In reply to BRJR, Aug 3, 2012

Typical liberals, invent a scandal to deflect the media from Obama's horrible record in fixing the economy!

BRJR wrote:

1. And, is the fact that revealing his tax returns will show that Romney is a felon regarding his taxes, the reason Romney is refusing to release them??

2. Here are two links to info that suggests yes to both issues I have just raised:

(Harry Reid: "Mitt Romney Didn't Pay Taxes for 10 Years")

http://www.youtube.com/watch?v=dr9fAT58HvY&feature=youtube_gdata_player

("Lawrence O’Donnell Asks Tax Attorney If Mitt Romney May Be Hiding A Felony In His Tax Returns ..")

http://www.mediaite.com/tv/lawrence-odonnell-asks-tax-attorney-if-romney-may-be-hiding-a-felony-in-his-tax-returns/

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coolaction
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Re: Romney Brings A Lot Of Baggage & Uncertainty About Himself
In reply to BRJR, Aug 3, 2012

BRJR wrote:

For someone that wants to be POTUS & A Major World Leader. He is clearly out of his league and is unqualified and unfit for the position, to boot.

I agree, his recent trip overseas was a blunder as well.

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mamallama
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Romney averted felony by refiling tax returns
In reply to WoodMaven, Aug 3, 2012

WoodMaven wrote:

...this morning on NPR I heard Romney stating that Reed has it wrong and should reveal the source of the claim. If that turns out to be true, Reed and all the liberals on this forum will have egg on their faces. I'm betting Romney paid exactly as much in taxes as he was required to do. No "felon" here.

The felony was averted through a generous government amnesty program that allowed Romney to refile his tax returns (without penalty) after he misfiled them by not completing the form about his Foreign Accounts which is a felony.

Having to refile his tax returns is but one of the embarrassments why Romney will not release his tax returns for those years. The other is the exceptionally low tax rate he paid and the loopholes he used to achieve it.

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edwardaneal
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Re: Romney averted felony by refiling tax returns
In reply to mamallama, Aug 3, 2012

your source?????

or you just repeating the talking points ?

mamallama wrote:

The felony was averted through a generous government amnesty program that allowed Romney to refile his tax returns (without penalty) after he misfiled them by not completing the form about his Foreign Accounts which is a felony.

Having to refile his tax returns is but one of the embarrassments why Romney will not release his tax returns for those years. The other is the exceptionally low tax rate he paid and the loopholes he used to achieve it.

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Bill Randall
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Re: Is The IRS Going After Romney ...
In reply to BRJR, Aug 3, 2012

If Romney did something illegal in regards to his taxes then this should be investigated and exposed.

If the tax system is so corrupt that it allowed Romney to pay less than his "fair share" then this is the fault of Congress and the Senate. Congress and the Senate should be investigated.

If it turns our that Romney filed within the law, then Harry Reid should formally apologize to Romney and the public. Also, Harry Reid is the top dog in the Senate. If there is something wrong with our tax system, Harry Reid might be the main person to ask about it.

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mamallama
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Re: Romney averted felony by refiling tax returns
In reply to edwardaneal, Aug 3, 2012

edwardaneal wrote:

your source?????

or you just repeating the talking points ?

What other reasons can you give why Romney is guarding his tax returns so closely while having paid all the taxes he is legally required to and not a dollar more?

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mamallama
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Re: Is The IRS Going After Romney ...
In reply to Bill Randall, Aug 3, 2012

Bill Randall wrote:

If Romney did something illegal in regards to his taxes then this should be investigated and exposed.

If the tax system is so corrupt that it allowed Romney to pay less than his "fair share" then this is the fault of Congress and the Senate. Congress and the Senate should be investigated.

He's like the Chinese Badminton players. Romney just took advantage of the loopholes in the law. Legal, but a bit embarrassing for someone running to be President of the United States. So he won't release his tax returns.

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WoodMaven
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But hit DID release 2010 & 2011 returns....
In reply to BRJR, Aug 3, 2012

...he paid 13% of what he made. Return on investments are taxed lower than regular income - just like Buffet.

Wilhelm, the WoodMaven

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Bill Randall
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Re: Is The IRS Going After Romney ...
In reply to mamallama, Aug 3, 2012

mamallama wrote:

Bill Randall wrote:

If Romney did something illegal in regards to his taxes then this should be investigated and exposed.

If the tax system is so corrupt that it allowed Romney to pay less than his "fair share" then this is the fault of Congress and the Senate. Congress and the Senate should be investigated.

He's like the Chinese Badminton players. Romney just took advantage of the loopholes in the law. Legal, but a bit embarrassing for someone running to be President of the United States. So he won't release his tax returns.

Why would it be embarrassing to Romney if he took advantage of these tax loopholes?

Perhaps Harry Reid and other senators and congressmen should be embarrassed - they are responsible for writing the tax codes. Romney is merely following the code, I hope.

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Bill Randall
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Re: Romney averted felony by refiling tax returns
In reply to mamallama, Aug 3, 2012

mamallama wrote:

edwardaneal wrote:

your source?????

or you just repeating the talking points ?

What other reasons can you give why Romney is guarding his tax returns so closely while having paid all the taxes he is legally required to and not a dollar more?

Romney is not required to show the last 10 years. Why would anyone want to make public their earnings?

However, considering the distrust I have for ALL of our representatives, I think they all should be required to show their taxes for the past 5 years, each year in office, and for the 5 years following their exit from office.

It is not enough for politicians to avoid wrong doing. They must avoid the perception of wrong doing. In my book they have failed this requirement.

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WoodMaven
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So you're guessing.....
In reply to mamallama, Aug 3, 2012

mamallama wrote:

What other reasons can you give why Romney is guarding his tax returns so closely while having paid all the taxes he is legally required to and not a dollar more?

You don't know what the reasons are - very few people do. I hope we don't pillory the guy just because he must have done SOMETHING wrong. If that were so we could nail Obama to the wall.

Didn't our democratic Treasury Secretary, Timothy F. Geithner, have his own tax problems? And if anyone should not have this sort of issue it's THAT guy.

Wilhelm, the WoodMaven

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edwardaneal
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Re: Romney averted felony by refiling tax returns
In reply to mamallama, Aug 3, 2012

how about its not required and its no one's business - - heck on audit the IRS can only go back 3 years - why the heck should we be allowed more

would you share your taxes with your future employer if it were not required?

you just need to make this election about crap like this because Obama has nothing of his own to actually run on.

Its really getting pathetic

mamallama wrote:

edwardaneal wrote:

your source?????

or you just repeating the talking points ?

What other reasons can you give why Romney is guarding his tax returns so closely while having paid all the taxes he is legally required to and not a dollar more?

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Bill Randall
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Re: But hit DID release 2010 & 2011 returns....
In reply to WoodMaven, Aug 3, 2012

WoodMaven wrote:

...he paid 13% of what he made. Return on investments are taxed lower than regular income - just like Buffet.

Probably so.

I do have a problem with the lower tax rate on investments. To those of use that may make thousands of dollars each year from investments, we appreciate the difference in the tax rate. But face it, it is peanuts. The rich make hundreds of thousands of dollars from investments.

So while the small investor saves a few pennies compared to those that do not invest, the rich save a fortune. The net result is:

1. Those with no investments pay their fair share of taxes.
2. Small investors pay slightly less than their fair share of taxes.
3. Big investors pay a lot less than their fare share of taxes.

Income is income. Fair is fair. Yes, investments carry a higher risk - that is why the interest or dividends or market value is higher on those investments. The tax rate should have nothing to do with "risk". Just my opinion.

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