Romney Moocher-culture

So, you'd like to become one of the "1%", here's a primer on how to do it...

Romney Tax Tips: 10 Ways to Stiff the IRS
Shielding your millions from Uncle Sam—how American is that?

Citizens for Tax Justice recently waded through Romney's 2010 return—in which his $22 million in income was miraculously taxed at just 13.9 percent—to come up with a handy primer for how you, too, can beat the IRS at its own game. To paraphrase:

1. Don't work for a living

..<snip>..

2. If you work, disguise your compensation as capital gains

..<snip>..

3. Give to charity—but not with cash, checks, or money orders

..<snip>..

4. Give to charity—but not now (This is cute...)

Romney's return reports income from the W. Mitt Romney 1996 Charitable Remainder UniTrust. Not only is the trust tax exempt, but when Romney set it up 16 years ago, he got a tax deduction for making a charitable donation. Though the money in the trust is eventually supposed to go to charity, Romney can receive income from the trust for a number of years—quite possibly for the rest of his life.

5. Give to charity—your own (I LOVE THIS ONE!!!)

In 2010 Romney made a tax-deductible, $1.5 million donation to the Tyler Charitable Foundation, which he controls. Commanding your own foundation allows you to curry favor with political and business allies by donating money to their pet organizations and causes. For instance, in 2010 the Tyler Charitable Foundation donated $100,000 to the George W. Bush Library. [The supply of coloring books was running low.]

6. Do not invest in America

..<snip>..

7. Invest in sexy financial instruments

..<snip>..

8. Borrow money to invest

..<snip>..

9. Push the limits of the law

..<snip>..

10. Be part of the 1 percent

..<snip>..

http://www.motherjones.com/politics/201 ... y-april-17

Gee, I wish I could be like RMoney-Boo-Boo...

rofllol

The Dems passed these tax laws and loopholes.

Uh, actually no...They didn't... These are from the Republican-era... But thanks for playing....

"...Romney set it up 16 years ago"....

Unless, of course, you can prove that the loophole he is using was set-up in 1996 during Clinton's administration... I'll be waiting for that link.

The Dems didn't change the tax code on that when they had the chance. Tax code isn't set in stone. You can even change the tax rate on past earnings. You give your party way too many passes. No wonder they do so little for you. and the "bush tax cuts" were a compromise aproved by a bipartisan legislature.

I'll take that as a "NO, I don't have a link", and your lie that it happened under the Dems is the usual smoke-out-of-your-{***] statement.

The Republicans also had the chance to make the two unnecessary wars, the $700Billion drug-subsidy, and the Bush Tax-Cuts be ON THE BUDGET, instead of off-the-budget and NOT-PAID-FOR and they didn't... So the ol' "they had the chance to change it" ... :Snooze

The Tax Foundation put out this helpful map of the states with the highest and lowest percentage of people who don’t pay income taxes. The biggest non-paying states are — except Florida and New Mexico — solid red states:



http://www.washingtonpost.com/blogs/ezr ... bly-get-5/