View Poll Results: Are Ronmey's undisclosed tax returns equal in importance to Obama's college records?

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  • Yes. Obama's college records are of equal value to Romney's tax returns

    19 20.00%
  • No. Its just the best political come back the GOP can come up with under the circumstances

    42 44.21%
  • Neither tax or college records matter in the election.

    22 23.16%
  • Other

    12 12.63%
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Thread: Are Romney's undisclosed taxes equally relavant to Obama's college records?

  1. #21
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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by megaprogman View Post
    If there are court proceedings about tax evasion, than that would be the IRS's thing and the press would pick up on it anyway.
    The amnesty kept the issue out of court. You'd have to have steal the fed prosecuters records.
    Last edited by OhIsee.Then; 08-19-12 at 11:17 AM.

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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by OhIsee.Then View Post
    Are Ronmey's undisclosed tax returns equal in importance to Obama's college records? Let's see.
    What could I learn from a collage transcript: poor grades, a class from a communist professor (so Obama must be a communist too), who paid for his classes. Hummm, could someone help me with this?
    What could I learn from fed income tax records, sales of Bain property to a Cayman Island corporation for a pittance, an amnesty that was offered by the feds and taken advantage of. Oh, I could have help here.
    I just having trouble making a equate.

    Amnesty appears on a tax return? What line is that?

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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by OhIsee.Then View Post
    It's clear from Romney and his team that there is nothing in Romney's tax records that are an issue for anybody. It sure would shut up Obama if they were released.

    No, it wouldn't.

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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by MaggieD View Post
    I hate to sound partisan, but I will nonetheless:

    First, if it is true that a candidate's tax returns are "a matter of national importance," then, by all means, make that a law...for every single person running for national office. Maybe that's one way we can broom-clean Congress. Ha!

    Second, people with Romney's kind of wealth don't generally cheat on taxes. They know the consequences. Their taxes are prepared by professionals whose licenses and professional reputations are on the line.
    That's just false and naive. Knowing the consequences doesn't mean they don't choose to take the risk if they think they won't be caught. That's why so many banks conspired to manipulate the LIBOR despite top legal advice (or maybe because of it), they violated laws on sanction, and helped people evade taxes, and they have professional accountants helping them get away with it too. There's an industry for it and it's geared towards people with Romney's kind of wealth.

    THE DAILY STAR :: Business :: International :: Swiss banks turn over employee names to U.S. tax-evasion probe
    HSBC Divulges More Staff Names in Tax Evasion Probe | Fox Business
    More are renouncing U.S. citizenship as IRS cracks down - Miami-Dade - MiamiHerald.com
    Telecom Mogul's Lofty Dreams Plummet (washingtonpost.com)
    'Girls Gone Wild' founder Joe Francis sentenced in tax evasion and jail bribery case - latimes.com
    Maybe Only the Little People Pay Taxes. But Everybody Dies. | taxgirl
    Millionaire convicted over tax evasion (From Bucks Free Press)


    Third, all the left wants to be able to do is berate Romney for our tax code. He didn't vote for it. He had nothing to do with its implementation. It's not his "fault" if he didn't pay enough taxes to suit the American people.
    But he wants to lower the tax rate that he pays, whereas the majority of Americans think it's fair for rich people like him to pay more. He wants to sell sausage to people but he just doesn't want to show them what's in it.


    Obama's college transcripts. Why is there such a big deal about those? Well, I don't know. Ask him. But I suspect it would show one or both of the following: that he lied on his college application; that the courses he took in college have little to do with democracy as we know it and everything to do with socialism.

    Now. Which do you think the American people have a right to know??
    It's not a matter of a "right" to know, it's a matter of which do they want to know? If you, the Republicans, or anyone else who want to see Obama's college transcript, can manage to make the majority of Americans believe that Obama lied on his application or that he took "courses to do with socialism" (though that's one of the stupidest thing to hold against anyone. If it's okay for people who believe that embryos should have the rights of citizens from conception to run as VP, then believing in socialism or communism is the least anyone should be worried about), then you can effectively pressure him like the Democrats is pressuring Romney.
    Last edited by nonpareil; 08-19-12 at 01:40 PM.
    Quote Originally Posted by Free_Radical View Post

    And I wasn't making an appeal to authority, I was making an appeal to the philosophical body of work of the founders, the worth and content of which should be well-known to anyone with a cursory understanding of basic history and philosophy.

    Brian

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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by code1211 View Post
    Amnesty appears on a tax return? What line is that?
    The amnesty line is not on a tax return that is normal. But, when the IRS etc. offered that amnesty program it required submitting an amended tax return and fines; and those are on the return, but you didn't get prosecuted so no court record. The FED offer with the amnesty was that no one would know, just pay and a fine.

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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by MaggieD View Post
    I hate to sound partisan, but I will nonetheless:

    First, if it is true that a candidate's tax returns are "a matter of national importance," then, by all means, make that a law...for every single person running for national office. Maybe that's one way we can broom-clean Congress. Ha!

    Second, people with Romney's kind of wealth don't generally cheat on taxes. They know the consequences. Their taxes are prepared by professionals whose licenses and professional reputations are on the line.

    Third, all the left wants to be able to do is berate Romney for our tax code. He didn't vote for it. He had nothing to do with its implementation. It's not his "fault" if he didn't pay enough taxes to suit the American people.

    Obama's college transcripts. Why is there such a big deal about those? Well, I don't know. Ask him. But I suspect it would show one or both of the following: that he lied on his college application; that the courses he took in college have little to do with democracy as we know it and everything to do with socialism.

    Now. Which do you think the American people have a right to know??

    Bravo! I wouldn't be opposed to everybody's financial records being public.

    I think with Mitt Romney there are however some unusual circumstances including off shore bank accounts that many people rightly or wrongly assume are set up to maintain financial holdings outside of the jurisdiction of US regulators and monitoring.

    Secondly, there is a list of creative loopholes many of the very wealthy jump through in order to minimize their tax liability; legal but many voters might want to know about. For example, I heard a report that a wealthy governor of one state before he became governor would close high dollar business deals in his private jet over international waters to avoid paying state sales taxes. If teachers, firemen and police officers are being laid off due to the government not having enough money, some voters might want to know things like that in determining whether that candidate has the best interests of the people of their state. Plus the talk lately of whether or not tax amnesty was ever needed.
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by Smeagol View Post
    Bravo! I wouldn't be opposed to everybody's financial records being public.

    I think with Mitt Romney there are however some unusual circumstances including off shore bank accounts that many people rightly or wrongly assume are set up to maintain financial holdings outside of the jurisdiction of US regulators and monitoring.

    I'm glad you agree with me about requiring all candidates running for office having to disclose. I'm all for it.

    Secondly, there is a list of creative loopholes many of the very wealthy jump through in order to minimize their tax liability; legal but many voters might want to know about. For example, I heard a report that a wealthy governor of one state before he became governor would close high dollar business deals in his private jet over international waters to avoid paying state sales taxes. If teachers, firemen and police officers are being laid off due to the government not having enough money, some voters might want to know things like that in determining whether that candidate has the best interests of the people of their state. Plus the talk lately of whether or not tax amnesty was ever needed.
    Of one thing I am certain: Romney jumped through every legal loophole he and his advisers could find. I know that as well as I know my name. Why? Because I do the same darned thing. Now, that governor? That sounds like one helluvan urban legend to me.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by MaggieD View Post
    Of one thing I am certain: Romney jumped through every legal loophole he and his advisers could find. I know that as well as I know my name. Why? Because I do the same darned thing. Now, that governor? That sounds like one helluvan urban legend to me.
    Not uncommon of high dollar transactions among the super-rich. And like you, If it were me I'd do the exact same thing. That said, many average Americans have no clue about this legal tax avoidance strategy and with some, once they hear of it, its so shocking they assume it must be an urban myth.

    Some companies can sign documents on international waters, at a certain altitude in the air, or cross state lines to avoid paying tax.
    How Businesses Bank on Tax Loopholes | Business Pundit
    Having opinions all over the map is a good sign of a person capable of autonomous thinking. Felix -2011

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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by Smeagol View Post
    There has been much in the news lately about Mitt Romney's tax returns that he won't release. Many of his supporters claim its unnecessary, irrelevant and then cite President Obama's undisclosed college records as presumably an equal example of their opposition not being completely transparent while holding Romney to a double standard. I'm probably the most objective person I know on political matters if I must say so myself. I think both Obama and Romney have something to hide. However, I don't think Obama's college records are anywhere near as relevant a campaign issue as Mitt Romney's taxes for a variety of reasons. My question is do you think President Obama's college transcripts are equally relevant and an important factor to consider in the 2012 election as Mitt Romney's undisclosed tax returns?
    No, they aren't equally relevant. College records, at most, describe what a person was like 20-30 years ago. They are pretty irrelevant. Tax records from the last ten years show a more recent picture of the candidate which makes them more relevant.

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    Re: Are Romney's undisclosed taxes equally relavant to Obama's college records?

    Quote Originally Posted by Smeagol View Post
    Not uncommon of high dollar transactions among the super-rich. And like you, If it were me I'd do the exact same thing. That said, many average Americans have no clue about this legal tax avoidance strategy and with some, once they hear of it, its so shocking they assume it must be an urban myth.

    Some companies can sign documents on international waters, at a certain altitude in the air, or cross state lines to avoid paying tax.
    How Businesses Bank on Tax Loopholes | Business Pundit
    Thank you very much for this link. I really had no idea our tax codes were that screwed up. I was especially interested in the accelerated depreciation used by Pepco to eliminate taxes. I imagine if we took a look at CEO salaries, that's where the tax savings ended up.

    A majority in both houses shouldn't be wasted. It makes me nuts that the party who preaches about this from morning 'til night didn't use their majority power to close these loopholes. Hell! I'da voted for 'em if they had.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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