Skip to main content

View Diary: NYT: Bain’s tax “dodging” is "not legal," “subject to serious I.R.S. challenge” (128 comments)

Comment Preferences

  •  No (2+ / 0-)
    Recommended by:
    shaharazade, ET3117

    He has never been audited by IRS. This has been verified by a Bain insider. It has been suggested he may be referring to some sort internal audits.

    •  That could be anyone. (0+ / 0-)
      "a Bain insider"
      The folks at Bain have reason to obfiscate the issue as PR about having IRS audits does reflect well on Bain and its ability to manage money.

      Imagine you are at Bain and the media is trashing your brand. From your point of view negative information about Bain IRS audits drives away business from Bain and costs you money.

      If Romney says he has been audited, I will believe him (this time) because most people think that an audit is a negative given that it is assumed that "where there is smoke there is also fire."

      One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." -- Plato

      by Jane Lew on Fri Aug 24, 2012 at 03:21:43 PM PDT

      [ Parent ]

      •  Wasn't he audited (1+ / 0-)
        Recommended by:
        Jane Lew

        in MA and had to file amended state tax forms? Just wondering...

        •  I'm not sure. (0+ / 0-)

          He did file an amended return there, but I am not sure whether it was a result of an audit or not. I believe it was to "clarify"  (so to speak) his residency so he could run for governor.

          I am speaking off the top of my head...will gladly accept guidance from those with superior knowledge of Mitt History.

          One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." -- Plato

          by Jane Lew on Sat Aug 25, 2012 at 07:44:44 PM PDT

          [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (151)
  • Community (66)
  • 2016 (44)
  • Environment (43)
  • Republicans (39)
  • Culture (37)
  • Elections (36)
  • Bernie Sanders (34)
  • Memorial Day (31)
  • Labor (28)
  • Media (27)
  • Education (26)
  • Climate Change (25)
  • Trans-Pacific Partnership (25)
  • Civil Rights (24)
  • Barack Obama (24)
  • Hillary Clinton (24)
  • Spam (23)
  • GOP (23)
  • Economy (22)
  • Click here for the mobile view of the site