Originally Posted by janmcn

Mitt Romney spent his whole news conference yesterday (Friday) in Las Vegas talking about his taxes. President Obama's American Jobs Act would have been discussed, if Speaker John Boehner had brought it to a vote on the house floor, but Boehner was too busy calling for a vote to repeal the Affordable Care Act 33 times.

1. It is shameful that a presidential candidate is made to have those discussions; Just terrible and I think the american voter has had just about enough.

2. Boehner did not stop the vote. Mr Reid stopped the vote in the Senate because of defections in the Democratic party !

Originally Posted by janmcn

That is the purpose of the letter to the Justice Department, to investigate Mitt Romney's IRA holdings. Every day Romney is talking about his taxes, his IRA holdings, his offshore accounts, his dancing horse, his car elevators is a winning day for Preseident Obama, who is out there every day explaining to people how Romney's tax plan will increase their taxes by as much as $2000 per year while reducing his taxes by $87,000 annually.

do you mean that every day romney is out explaining that the allegations made against his taxes, holdings, accounts, equine therapy/investment, etc are baseless, legal/lawful - and are democratic diversions from facts such as unemployment is not at 6%, obama secret agreements and sealed records are not kept promises of transparency, obamacare is not a tax, and the deficit has not been cut in half?

Originally Posted by rubicon

It is interesting to see some on this thread continue to pound the table and demanding an accounting as did harry Reid to the Senate.

first romney has already turned over more years than are required by law to do so.

Secondly Harry Reid in spite of his demands for romney's taxes refuses to share his taxes.

Thirdly Romney's tax returns shows he paid what was required of him by law.

Fourth those demanding more tax returns and especially those on this thread would gain nothing because they wouldn't understand them in the first place.
Heck these poster making such demands probably have to take their simple tax filings to H&R Block. Geeezzz

Wow, that's a pretty large and rude assumption on your part.

"Fourth those demanding more tax returns and especially those on this thread would gain nothing because they wouldn't understand them in the first place.
Heck these poster making such demands probably have to take their simple tax filings to H&R Block."

I bet that Sarah Palin doesn't have the smarts to understand simple tax filings. After all, it took her 6 years and 5 colleges to get her Bachelor's degree.

Originally Posted by buggyone

"Fourth those demanding more tax returns and especially those on this thread would gain nothing because they wouldn't understand them in the first place.
Heck these poster making such demands probably have to take their simple tax filings to H&R Block."

I bet that Sarah Palin doesn't have the smarts to understand simple tax filings. After all, it took her 6 years and 5 colleges to get her Bachelor's degree.

Sarah Palin is not on any ballot.

Originally Posted by janmcn

So looking forward to hearing Mitt Romney explain how his $180,000 in contributions to his IRA, $6000 maximum amount allowed for 30 years.....

Do you have any clue that there are different kinds of IRA's, for different income levels and their taxation??

$6,000 maximum?? Have you ever heard, for example, of a SEP IRA, for self-employed people???

SEP IRA
Best for: High-income business owners who want to maximize contributions through an uncomplicated plan with low fees. SEPs also work well for small-business owners with mostly low-paid, high-turnover employees, because there's no vesting structure and less incentive for employees to stay long-term.

With a simplified employee pension, or SEP, you can contribute up to 20% of your net self-employment income (which is income minus half of your self-employment tax) to a SEP, up to a maximum of $49,000 for 2009. The deadline is October 15, 2009, if you get an extension for filing your 2008 tax return. There's no additional salary deferral, so your income must be at least $245,000 before you reach the $49,000 contribution level.

Kiplinger.com

Originally Posted by ilovetv

Do you have any clue that there are different kinds of IRA's, for different income levels and their taxation??

$6,000 maximum?? Have you ever heard, for example, of a SEP IRA, for self-employed people???

SEP IRA
Best for: High-income business owners who want to maximize contributions through an uncomplicated plan with low fees. SEPs also work well for small-business owners with mostly low-paid, high-turnover employees, because there's no vesting structure and less incentive for employees to stay long-term.

With a simplified employee pension, or SEP, you can contribute up to 20% of your net self-employment income (which is income minus half of your self-employment tax) to a SEP, up to a maximum of $49,000 for 2009. The deadline is October 15, 2009, if you get an extension for filing your 2008 tax return. There's no additional salary deferral, so your income must be at least $245,000 before you reach the $49,000 contribution level.

Kiplinger.com

Way too complicated for me. This is what the Justice Department and the Treasury Department get paid to figure out. Add that to the Security and Exchange Commission investigation of when Mitt Romney actually departed Bain Capital and why he was signing agreements after his so-called retroactive retirement.

Originally Posted by Posh 08

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Wow, that's a pretty large and rude assumption on your part.

Posh: I see your point and a look back tells me perhaps I would have re-worded number 4. However, the issue of taxes is a very complicated process and I understand why a guy like Romney would not want all of his taxes under the scrutiny of people who have little accounting tax expertise. Because all they are going to use it for is fodder as a distraction from the real issues in this campaign

My filings are not that difficult yet I hire a CPA annually and so number 4 was also suggested with me in mind and I have credentials in investing and insurance.

So if my earlier posting offended anyone I do apologize for the bad wording but not the intent.

Originally Posted by rubicon

Posh: I see your point and a look back tells me perhaps I would have re-worded number 4. However, the issue of taxes is a very complicated process and I understand why a guy like Romney would not want all of his taxes under the scrutiny of people who have little accounting tax expertise. Because all they are going to use it for is fodder as a distraction from the real issues in this campaign

My filings are not that difficult yet I hire a CPA annually and so number 4 was also suggested with me in mind and I have credentials in investing and insurance.

So if my earlier posting offended anyone I do apologize for the bad wording but not the intent.

Thanks!

Originally Posted by rubicon

Posh: I see your point and a look back tells me perhaps I would have re-worded number 4. However, the issue of taxes is a very complicated process and I understand why a guy like Romney would not want all of his taxes under the scrutiny of people who have little accounting tax expertise. Because all they are going to use it for is fodder as a distraction from the real issues in this campaign

My filings are not that difficult yet I hire a CPA annually and so number 4 was also suggested with me in mind and I have credentials in investing and insurance.

So if my earlier posting offended anyone I do apologize for the bad wording but not the intent.

I think you and POSH handled it quite well !!

Now, how do we reduce the noise on Romney's returns. Guilt by insinuation and constant yapping. WOW.....folks I know on the left are even sick of it.

But you guys handled it well !

Gov Romney's handlers have made a calculation that exposing the Tax Returns would create more damage than keeping them private IMO. After all he shared them with Sen. McCain and Sarah Palin was picked.

Originally Posted by Posh 08

Gov Romney's handlers have made a calculation that exposing the Tax Returns would create more damage than keeping them private IMO. After all he shared them with Sen. McCain and Sarah Palin was picked.

I do not believe that at all...in anyway shape or form !!!

Romney is a very very very rich man...NONE of us can relate to that. He has a battery of lawyers and tax accountants...not individuals...companies of them to handle his taxes.

They are complex beyond any persons understanding and I am sure he has taken every single tax advantage possible to reduce his liability.

Disclosing them would open them to become the campaign...and you know as well as I they would be the ONLY thing discussed. Once one item was responded to, another comes up. If the IRS is satisfied and by all accounts, despite the criminal and terrible accusations leveled, there is no evidence of any wrong doing (Unlike MOST of those in the Obama administration) so why put them on the table and what purpose does it serve for anyone but Obama's campaign ?

It is much ado about nothing and those who continue on the path, in my estimation, have no real substance to talk about. It is getting so old that it is driving Dems away...they are making criminal accusations...on behalf of the President of the US...that is pretty demeaning to that office !

Originally Posted by Bucco

I do not believe that at all...in anyway shape or form !!!

Romney is a very very very rich man...NONE of us can relate to that. He has a battery of lawyers and tax accountants...not individuals...companies of them to handle his taxes.

They are complex beyond any persons understanding and I am sure he has taken every single tax advantage possible to reduce his liability.

Disclosing them would open them to become the campaign...and you know as well as I they would be the ONLY thing discussed. Once one item was responded to, another comes up. If the IRS is satisfied and by all accounts, despite the criminal and terrible accusations leveled, there is no evidence of any wrong doing (Unlike MOST of those in the Obama administration) so why put them on the table and what purpose does it serve for anyone but Obama's campaign ?

It is much ado about nothing and those who continue on the path, in my estimation, have no real substance to talk about. It is getting so old that it is driving Dems away...they are making criminal accusations...on behalf of the President of the US...that is pretty demeaning to that office !

Whoa big guy. Where did I say criminal? You are getting worked up for nothing. Please reread my post and think about it. I think you will find that I was saying the same as you. "Disclosing them would open them to become the campaign"

Originally Posted by Posh 08

Whoa big guy. Where did I say criminal? You are getting worked up for nothing. Please reread my post and think about it. I think you will find that I was saying the same as you. "Disclosing them would open them to become the campaign"

I am sorry...I thought you implied that they saw something fishy or something.....ok...we agree...my bad...reading comprehension goes fast

Originally Posted by Posh 08

Whoa big guy. Where did I say criminal? You are getting worked up for nothing. Please reread my post and think about it. I think you will find that I was saying the same as you. "Disclosing them would open them to become the campaign"

Mitt Romney can't release his tax returns, because if he does the Democrats will be mean to him? These are tax returns, factual documents. No different than, say a birth certificate. But the GOP argues that inconvenient facts can be withheld from public scrutiny, because they can be used for mean purposes is a radical idea in a democracy.