I read an article about Romney that I think should get more attention if it is true.

[pennylane100]

Apparently all his children have trust funds which pay them millions of dollars each year and the taxes on them are paid by Romney.

If this is true, does that mean he uses that to get tax breaks and are his children getting millions of dollars reach year tax free. That sounds really strange and if it is even close to the truth, the democrats should certainly use this show how unfair our tax system is for working class people.

[no_hypocrisy]

1. If Romney pays the taxes on the taxes of his children's trust funds,

then wouldn't in turn Romney be subject to the Gift Tax if the taxes and other gifts total more than $12,000?

[Lawlbringer]

2. You assume that rules are meant to be adhered to.

He's rich, so he doesn't have any rules.

Don't worry, it's a common mistake.

[abelenkpe]

4. +1000 nt

[DCKit]

3. I believe I remember hearing that he dumped $100 million into a trust for the boys.

When you can afford the finest accounting firms and world-class tax planners, taxes aren't much of an issue.

[onenote]

5. Do you have a link to the article?

[pennylane100]

6. I am not sure where I read or heard it

But did a little google and found this

http://money.cnn.com/2012/02/06/pf/romney_kids_trust/index.htm

[onenote]

7. thanks

[annabanana]

8. No wonder he's not keen on releasing records!

Who the hell knows what will float to the surface...

[Mosaic]

9. Asshole

These assholes always give tons of money to the trash they breed.