Romney Lawyer Admits They Manipulated Taxes to Conform to 13% Claim

[ProSense]

Romney Lawyer Admits They Manipulated Taxes to Conform to 13% Claim

by Olympia

Romney’s lawyer had admitted that the Democratic accusation that Willard & Wife could have paid a lot less in taxes in 2011. BUT, the returns were manipulated to conform to Willard's claim in August that he always paid at least 13%.

The AP reported:

But, Brad Malt acknowledged, the couple “limited their deductions of charitable contributions to conform to the governor’s statement in August, based on the January estimate of income, that he paid at least 13 percent in income taxes in each of the last 10 years.”

Tax experts point out that Romney’s returns are missing a few details:

What’s missing, tax experts say, are the details of Romney’s retirement account from Bain Capital, including investments in offshore accounts in Bermuda and the Cayman Islands.

It’s a potentially important difference because the simple average treats each year equally — whether Romney earned, say, $5 million in that year or $30 million. It is especially important if Romney paid a low tax rate in a year in which he earned a lot but paid a high tax rate in years when he earned less. The weighted average would give a more accurate picture.

Maybe this is why Willard wants us to look up and not at his taxes when he said:

”Ha ha. We’re in the stretch aren’t we? Look at those clouds. It’s beautiful,” he said, pointing to the sky. “Look at those things.”
http://www.washingtonpost.com/blogs/election-2012/wp/2012/09/20/romney-on-new-campaign-strategy/

Harry Reid points out in a statement from his office"

“That raises the question: what else in those returns has Romney manipulated?”

Remember this President's statement:

“There’s an old saying in Tennessee — I know it’s in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can’t get fooled again.”

http://www.politicususa.com/romney-lawyer-admits-manipuated-taxes-conform-13-claim.html

http://www.dailykos.com/story/2012/09/22/1135307/-BREAKING-Romney-Lawyer-Admits-They-Manipulated-Taxes-to-Conform-to-13-Claim

Hrrrmmmm (Mitt's tax return discrepancy alert)
http://www.democraticunderground.com/10021393299

Former Mitt strategist on Romneyland tax dump: 'Is this an April Fool's joke?' (updated)
http://www.democraticunderground.com/10021392128

Obama Team Produces Brand New Ad on Romney's Newly Released Tax Return!
http://www.democraticunderground.com/10021397220

10 Questions Romney Should Answer About His Taxes
http://thinkprogress.org/economy/2012/09/21/893211/questions-romney-taxes/

Folks, this is important: Romney has not released a SINGLE COMPLETE TAX RETURN YET.
http://www.democraticunderground.com/10021396500






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[BuelahWitch]

1. Kick

[meow2u3]

2. Kickety Kick!

BUSTED!

[jsr]

3. Crafty as usual

[frazee]

4. My favorite Romney quote:

"I saw the young man over there with eggs Benedict, with hollandaise sauce. And I was going to suggest to you that you serve your eggs with hollandaise sauce in hubcaps. Because there's no plates like chrome for the hollandaise."

[reformist2]

8. He' so punny! :blarf:

[ToxMarz]

10. God I'm slow

That took me awhile (thanks for saying it was punny or I don't think I would have).

[Skee]

5. So He's a Tax Cheat

The central tabulators don't care.

[link:http://www.usatoday.com/news/opinion/editorials/story/2012-09-19/electronic-voting-fraud-security/57809062/1|

[DearAbby]

6. This is the standard bearer of the Party

that wants to further decrease taxes on the wealthy...why would he manipulated it and pay more? Isn't that admitting 9% is ridiculously low? So ashamed of the rate, he would pay more?

When do you think was the last time Mitt Romney manipulated his taxes to pay more than he was legally owed? Tax shelter Mitt, who spent his entire life to pay the least amount of taxes he could possibly can, Mitt. Why now?

When was the last time you manipulated your taxes to pay more then you owe? What could possibly be the reason to do that?

Shows us Mittens must be used to manipulating facts to his desire. It's simple math, and the people see it. Scales are so tipped a man as wealthy as Romney can pay the same tax rate as a lower middle income family. It's simple arithmetic, varnish on a turd, is still a turd. And he insults our intelligence.

[spanone]

7. he is a dishonest man. unfit to hold office.

my late dad would have called him a 'shyster'

[IggleDoer]

13. I suspect that Willard's father would have felt the same.

[PatrynXX]

9. Think it's fairly obvious that if he were to release those. not only would he lose

But he'd be looking at more time than Wesley Snipes is serving. And between going to jail or losing the Republican race, think he'd rather lose it in style I guess

[ProSense]

15. What is Mitt hiding:

US News: Mitt Romney Calls U.S.A. a 'Foreign Country' in His Tax Returns http://www.democraticunderground.com/10021398893

[Spitfire of ATJ]

11. "We’re in the stretch aren’t we? Look at those clouds."

No Mitt,...God doesn't want you to "White Horse" and nobody wants to bow before you...

[ProSense]

16. Weird Willard. n/t

[spiderpig]

14. Imagine my surprise!

[Egalitarian Thug]

17. This needs another kick. n/t

[ProSense]

18. Agree, and thanks. n/t