BOO HOO HOO ---

[kpete]

;
John R. Talbott
The End of Romney
Posted: 1/19/12 03:32 PM ET

Romney has reported recently that his actual effective tax rate is around 15% per year. Robert Reich, as reported in the Huffington Post, suggests that Romney and his private equity funds most likely made ample use of the carried interest rule that allows hedge funds, LBO funds and private equity funds to compensate their managers at capital gains rates rather than ordinary income rates, an advantage only available to wealthy Wall Street insiders.

But Romney was not happy paying 15% per year. By bastardizing the intent of IRA legislation meant to help working Americans save for retirement, Romney has succeeded in shielding $20 million to $100 million of his staggering personal wealth from all taxes to date, an effective tax rate of 0%.

more:
http://www.huffingtonpost.com/john-r-talbott/mitt-romney-offshore-accounts_b_1216918.html

[RandySF]

1. What did Mitt do to piss off the WSJ?