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Please begin with an informative title:

The Gray Lady hammered Swiss Mitt in its analysis of the Gawker-leaked Bain docs.

“My view is I’ve paid all the taxes required by law,” Mr. Romney said.

Bain private equity funds in which the Romney family’s trusts are invested appear to have used an aggressive tax approach, which some tax lawyers believe is not legal, to save Bain partners more than $200 million in income taxes and more than $20 million in Medicare taxes.

Annual reports for four Bain Capital funds indicate that the funds converted $1.05 billion in accumulated fees that otherwise would have been ordinary income for Bain partners into capital gains, which are taxed at a much lower rate.

I guess the thinking goes, 'Why fund Medicare when I'm going to be ending it soon...'

Mitt's so Bain!

In a blog post Thursday, Victor Fleischer, a law professor at the University of Colorado, said that there was some disagreement among lawyers, but that he believed: “If challenged in court, Bain would lose. The Bain partners, in my opinion, misreported their income if they reported these converted fees as capital gain instead of ordinary income.”
It's the tax returns, stupid.

Romney's not the solution. He's the problem.

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Since I used the tagline, why not give this classic a few more views.

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