This may prove interesting and maybe the end of Romney

[Fern]

Maybe he doesn't want to release his tax returns because they'll show he's not a legal resident...That's what happened in 2002 when he ran for Massachusetts Governor...



http://www.pensitoreview.com/2012/08/08/romney-hid-his-returns-in-2002-mass-governors-race-too/

So...apparently, Mitt the Mormon is a liar...and this should prove it...but, he's a Republican, so that shouldn't come as a surprise to anyone who has paid attention to politics for the past 50 years.

(not that Democrats don't lie...they do. If a politician's lips are moving, chances are, he's lying)


http://www.bostonglobe.com/metro/20...ss-resident/cxg3maVKXTA0iIuekT4QPO/story.html

Most states, or at least everyone I have see, have different definitions of "resident" for different areas of law. I.e., it's entirely possible to be a tax "resident" of one state and yet qualify as a "resident" under voting/candidate laws of another state. Even when it comes to the single area of taxation we have different definitions of "resident". It's quite common to be a resident of one state for income tax purposes, yet a resident of a different state for inheritance tax purposes.

Fern

 

[werepossum]

I assume you are referring to the fund managers' "carried interest" loophole? If so, and BTW this is actually a loophole (unintended consequence found, and taken advantage of, in tax law), Congress has made several efforts to fix it. Two problems: (1) Chuck Schumer has blocked those efforts at every opportunity (Wall Street is in his district) and (2) it's a very difficult situation to repair - they have been having serious problems with drafting the law to exclude fund managers from taking advantage of an otherwise reasonable law. It's quite complicated to explain, let me just say they're having trouble trying to throw out the bath water yet keep the baby. No one has yet found an easy and reliable fix.

Fern

I'd say it's blindingly easy to fix if we ignore Shumer and his band of merry weasels blocking it.
Step 1: Abolish the corporate tax.
Step 2: Everything of value you receive from another entity is taxable income. Dividends? Taxable wage income. Country club membership? Taxable wage income. Company stock? Taxable wage income. Company car/jet/masseuse? Taxable wage income. Throw in some exemptions for family and long term investments and you're golden.

Note that I say "long term investments" meaning you take YOUR after-tax wealth and put it at risk, not "I exercise my option of pretending to buy stock at 90% of whatever I've driven it down to and get a big check for the difference". Or "I'm investing others' after-tax wealth for a share so it's MY long-term investment".

 

[Hayabusa Rider]

Unless the public at large puts away the petty social wedge issue and politics as a team sport pastime, the root issues will never be addressed.

Take you as an example, your reasonably intelligent and seem to grasp the core issues, while we don't agree on everything we agree the entirety of the problem includes both sides. Yet we can't do what's needed to enact the required reform.

I agree completely. As you say we don't entirely agree but why should we? Conformity of thought is a curse, not a blessing. What one needs is a willingness to see good done. That too has its various definitions, nuances, and contexts, but again if the intent is there with some intelligence and patience to hear others out without saddling potential solutions with partisan predefined notions, I'd wager good answers could be found. In fact if you, myself and perhaps half a dozen others here of resolve and reasonable intent were allowed to meet and given the necessary resources, we could formulate answers to many pressing needs that would be superior to what has yet been offered by the politically entrenched. That does not mean we are vastly better intellectually, but reflects on the shackles placed on us all by ideology. It's entirely frustrating.

 

[sportage]

Only one thing matters in this election.
The moment Romney walks in front of the cameras and states "I just got off the phone with president Obama and congratulated him on his win tonight.
That's all...

 

[cybrsage]

I was poking fun at the fact that he lied about meeting the requirements of being a Massachusetts resident for each of the seven years prior to the election when he ran for governor in 2002. He had claimed Utah residency on his tax returns while he was in Utah during the Olympics...technically making him ineligible to be the governor of Mass.

My bad, your post was mixed in with the loonie returners and blended in so nicely.

 

[cybrsage]

Nice deflection. Are you denying that a LOT of money isn't invested overseas? That was perhaps the biggest reason Reaganomics didn't work.

Investing in Toyota, which is a foreign investment, results in job creation in the US. You claimed (bolding mine):

Foreign investments?! Ahhhhhh, the rich are the job creators... jobs overseas.

No deflection, I simply showed you an obvious case where you are incorrect. Investing in Toyota IS investing overseas. Toyota then decided to invest their money in the US...which created quite a bit of jobs. They did this for many reasons, but could not have done it without the money of investors.