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View Diary: Romney admits that he didn't pay any income taxes in 2009 & 2010 (32 comments)

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  •  Mitt's biggest lie (7+ / 0-)

    Mitt stiffed the Mormon church, not providing the 10% to which he and the wife refer.  His tax returns will sink him for many reasons but stiffing the church will hit him the hardest.

    This is the real reason Romney cannot release he returns.

    Where are the hackers when they are needed?  They can release those returns for Mitt.

    •  That's already evident, though (7+ / 0-)

      From the tax returns he has released.

      Romney tax returns indication he underpaid tithe

      "There's an iPad 3 and a Mitt Romney 4 now. They've worked the bugs out. He's not killing hobos at night anymore." Jack Donaghey "If I were a hobo, I'd be damned nervous right now." sagesource

      by muzzleofbees on Tue Sep 18, 2012 at 07:00:18 PM PDT

      [ Parent ]

      •  not terribly compelling analysis. (0+ / 0-)

        afaik, tithing usually operates on a cash basis of accounting and doesn't recognize the distributive share / subchapter K rules for partnerships.  eg, its a totally different system, and you probably use agi as a starting point.

        •  I don't know about all that (3+ / 0-)
          Recommended by:
          NearlyNormal, greengemini, retLT

          But I do know the prophet was pretty clear. 10% of everything before taxes.  All income, all property, everything you have to your name, you take 10% off the top of that and hand it over to God. You take 10% off the top before you pay your bills or feed your family. If it's monies you possess, it absolutely counts.  I'm not really sure what "subchapter K rules for partnerships" is, but I do know that "10% of everything" means "10% of everything and God is watching." A faithful Mormon would expect nothing less from him. There's no reason to split accounting hairs.

           

          "There's an iPad 3 and a Mitt Romney 4 now. They've worked the bugs out. He's not killing hobos at night anymore." Jack Donaghey "If I were a hobo, I'd be damned nervous right now." sagesource

          by muzzleofbees on Tue Sep 18, 2012 at 08:13:19 PM PDT

          [ Parent ]

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