Obama/Biden vs Romney/Ryan--America's Choose Your Own Adventure Moment

[YOhio]

Wait. You're criticizing Newsweek for printing a biased op-ed piece?



(Sorry, U-Ute. Just ribbin' ya. )

Don't apologize. Have a little courage of your convictions.

[Uncle Ted]

Krugman fact checking Ferguson.

Ferguson fact checking Krugman.

[LA Ute]

Don't apologize. Have a little courage of your convictions.

I apologize for apologizing.

[oxcoug]

Romney paid 30% not 13% on his income. Interesting case.

http://www.forbes.com/sites/charleskadlec/2012/08/20/mitt-romney-paid-30-not-13-in-federal-income-taxes/

[Uncle Ted]

Romney paid 30% not 13% on his income. Interesting case.

http://www.forbes.com/sites/charlesk...-income-taxes/

Factor in things like death taxes he will be paying and Rmoney effective tax rate will be even higher than 30%.

Unless Romney hasn't paid what is required of him by law why are democrats so interested in his tax records? If he hasn't paid what was required by law then President Obama would have most likely asked him to be on his cabinet (like he did with Geithner, Daschle, Killefer, ...).

[il Padrino Ute]

Factor in things like death taxes he will be paying and Rmoney effective tax rate will be even higher than 30%.

Unless Romney hasn't paid what is required of him by law why are democrats so interested in his tax records? If he hasn't paid what was required by law then President Obama would have most likely asked him to be on his cabinet (like he did with Geithner, Daschle, Killefer, ...).

If not Romney's taxes, Obama would have absolutely nothing on which to campaign. The last four years have been the epitome of failure, incompetence and extreme arrogance.

[U-Ute]

Unless Romney hasn't paid what is required of him by law why are democrats so interested in his tax records?

I don't believe it is a matter of did he pay what was required, but the belief by people that the wealthy have the access to create all sorts of loopholes that allows them to lower their tax liability. For example, if he is stashing money overseas in tax free havens. Something like that is probably legal by the letter of the law, but it seems a little more than awkward if the (potential) president of your country is hiding money overseas in other countries in order to avoid paying taxes on it. On the surface, it seems somewhat unpatriotic.

[Uncle Ted]

I don't believe it is a matter of did he pay what was required, but the belief by people that the wealthy have the access to create all sorts of loopholes that allows them to lower their tax liability. For example, if he is stashing money overseas in tax free havens. Something like that is probably legal by the letter of the law, but it seems a little more than awkward if the (potential) president of your country is hiding money overseas in other countries in order to avoid paying taxes on it. On the surface, it seems somewhat unpatriotic.

OK, you have a point. I want to know about Rmoney's legal loopholes as well so I can take advantage of them as well.

[byu71]

I don't believe it is a matter of did he pay what was required, but the belief by people that the wealthy have the access to create all sorts of loopholes that allows them to lower their tax liability. For example, if he is stashing money overseas in tax free havens. Something like that is probably legal by the letter of the law, but it seems a little more than awkward if the (potential) president of your country is hiding money overseas in other countries in order to avoid paying taxes on it. On the surface, it seems somewhat unpatriotic.

My own personal opinion is the guy would be stupid to not take every legal advantage available. I don't want a guy that stupid as the President.

[pellegrino]

I don't believe it is a matter of did he pay what was required, but the belief by people that the wealthy have the access to create all sorts of loopholes that allows them to lower their tax liability. For example, if he is stashing money overseas in tax free havens. Something like that is probably legal by the letter of the law, but it seems a little more than awkward if the (potential) president of your country is hiding money overseas in other countries in order to avoid paying taxes on it. On the surface, it seems somewhat unpatriotic.

I do not think that word means what you think it means.

[Pelado]

I don't believe it is a matter of did he pay what was required, but the belief by people that the wealthy have the access to create all sorts of loopholes that allows them to lower their tax liability. For example, if he is stashing money overseas in tax free havens. Something like that is probably legal by the letter of the law, but it seems a little more than awkward if the (potential) president of your country is hiding money overseas in other countries in order to avoid paying taxes on it. On the surface, it seems somewhat unpatriotic.

The only reason we know about Romney's foreign investments and accounts is because he disclosed them...wait for it...on his tax returns.

Obama's operatives keep trying to paint Romney as some kind of tax cheat when it's quite obvious that he paid tax on his foreign investment income - it's right there on the returns he's already disclosed. Why would he release additional years of returns when all it will do is lead to more distortions of complex financial transactions painted in a wholly inaccurate light?

By the way, the main reason those Bain funds were established in the Caymans is to benefit foreigners. U.S. citizens investing in those funds gain no tax advantage.

[myboynoah]

I don't believe it is a matter of did he pay what was required, but the belief by people that the wealthy have the access to create all sorts of loopholes that allows them to lower their tax liability. For example, if he is stashing money overseas in tax free havens. Something like that is probably legal by the letter of the law, but it seems a little more than awkward if the (potential) president of your country is hiding money overseas in other countries in order to avoid paying taxes on it. On the surface, it seems somewhat unpatriotic.

What about if someone has investments in firms that relocate some operations and jobs overseas to take advantage of lower wages, tax incentives, location closer to critical markets, etc. or just to leverage risk? Are you going to question his/her love of country as well?

[Moliere]

I don't believe it is a matter of did he pay what was required, but the belief by people that the wealthy have the access to create all sorts of loopholes that allows them to lower their tax liability. For example, if he is stashing money overseas in tax free havens. Something like that is probably legal by the letter of the law, but it seems a little more than awkward if the (potential) president of your country is hiding money overseas in other countries in order to avoid paying taxes on it. On the surface, it seems somewhat unpatriotic.

Unpatriotic to legally reduce a tax bill.

I love it when you people talk taxes. It's cute.

[Moliere]

What about if someone has investments in firms that relocate some operations and jobs overseas to take advantage of lower wages, tax incentives, location closer to critical markets, etc. or just to leverage risk? Are you going to question his/her love of country as well?

Like when the US citizens own a significant share in GM and GM begins making cars in China to take advantage of lower wages?

[myboynoah]

Like when the US citizens own a significant share in GM and GM begins making cars in China to take advantage of lower wages?

Who are these damned unpatriotic U.S. citizens? Name them. Name them now!