I was talking about the Harry Reid thing with one of my younger sisters the other night. She’s blunt, and her political observations often make me laugh because she’s like a liberal Frank Luntz. She said “well, when I hear ‘Mitt Romney’ now the first thing I think of is ‘taxes’ so Republicans can’t be too happy about that.”
Here’s some interesting insight into Mitt Romney and taxes. I suppose we’ll have to wait for the punditry to weigh in on whether this is a fair area of inquiry. First they objected to any examination of Bain (the central premise of Romney’s campaign). Now they’re objecting to the tone of the debate on Romney’s refusal to release his tax returns, although a central piece of Mitt Romney’s campaign has to do with cutting taxes (again!) on the very wealthy. I don’t know what we’re allowed to discuss. The Olympics. Discussion will be limited to the Olympics, but not the horse. Olympics minus horse. No wonder they’re all whining the election is boring. They’re terrified to debate anything real.
Mitt Romney’s refusal to release tax returns in the critical years of his income accumulation has done little to dispel the legitimate concern that arises from hints buried in his scant disclosure to date: Did he augment his wealth through highly aggressive tax stratagems of questionable validity?
One relevant line of inquiry, largely ignored so far, is to examine what exists in the public record regarding his attitude toward tax compliance and tax avoidance. A key troubling public manifestation of Romney’s apparent insensitivity to tax obligations is his role in Marriott International’s abusive tax shelter activity.
Romney has had a close, long-standing, personal and business connection with Marriott International and its founders. He served as a member of the Marriott board of directors for many years. From 1993 to 1998, Romney was the head of the audit committee of the Marriott board.
During that period, Marriott engaged in a series of complex and high-profile maneuvers, including “Son of Boss,” a notoriously abusive prepackaged tax shelter that investment banks and accounting firms marketed to corporations such as Marriott. In this respect, Marriott was in the vanguard of a then-emerging corporate tax shelter bubble that substantially undermined the entire corporate tax system.
Son of Boss and its related shelters represented perhaps the largest tax avoidance scheme in history, costing the U.S. many billions in lost corporate tax revenues. In response, the government initiated legal challenges that resulted in complete disallowance of the losses claimed by Marriott and other corporations.
In his key role as chairman of the Marriott board’s audit committee, Romney approved the firm’s reporting of fictional tax losses exceeding $70 million generated by its Son of Boss transaction. His endorsement of this stratagem provides insight into Romney’s professional ethics and attitude toward tax compliance obligations.
Like other prepackaged corporate tax shelters of that era, Marriott’s Son of Boss transaction was an entirely artificial transaction, bearing no relationship to its business. Its sole purpose was to create a gigantic tax loss out of thin air without any economic risk, cost or loss — other than the fee Marriott paid the promoter.
In his key position as head of the board’s audit committee, Romney was required under the securities laws and his fiduciary duties to review the transaction. In fact, it has been publicly reported that Romney was the Marriott Board member most acquainted with the transaction and to whom the other board members turned for advice. This makes sense because aggressive tax-driven financial engineering was a large part of what Romney (and Bain) did for a living. For these reasons, it is fair to hold him accountable for Marriott’s spurious tax reporting.
Romney’s campaign staff has attempted to deflect responsibility, arguing that he relied on Marriott’s tax department and advisers.
This claim is disingenuous.
He had an insider’s perspective on the motivation and lack of substance in the transaction, as well as the financial sophistication to understand the tax avoidance involved. Romney failed in his duties to Marriott and its shareholders and acted to undermine the fairness of the tax system.
What emerges from this window into corporate tax compliance behavior is the picture of an executive who was willing to go to the edge, if not beyond, to bend the rules to seek an unfair advantage, and then hide behind the advice of so-called experts to deflect criticism when a scheme backfires.Peter C. Canellos, a lawyer, is former chair of the New York State Bar Association Tax Section. Edward D. Kleinbard is a professor at Gould School of Law at the University of Southern California. He is the former chief of staff of Congress’s Joint Committee on Taxation.
I don’t know if the tax debate would have died without Harry Reid making all that noise, but I suspect it might have, because, well, a week had passed, Romney had successfully stone-walled and we had moved on to his making false claims about food stamp recipients. Let’s explore this tax issue thoroughly, before we move onto the standard “demonization of poor people” discussion.
MattF
I’m a little surprised that the wingers didn’t go straight to a “Harry Reid is just like Nancy Pelosi except worse” line. It’s basic that when you’re trying to change the subject you have to bat it as far as possible from the danger zone.
Mark S.
I’m more optimistic than you, Kay. Nobody gives a shit about Romney’s welfare attack, and this tax issue isn’t going away.
red dog
That 102 million IRA stinks of very shady deferred income for the sole purpose of avoiding taxes as in way underpriced shares suddenly exploding as soon as they are hidden in the IRA. Has a possible POTUS ever been investigated for fraud?
Litlebritdifrnt
I know we have tax lawyers or accountants here. Can someone explain what this Son of Boss thing is in words that us regular folks can understand?
NancyDarling
God bless Harry Reid.
Enhanced Voting Techniques
I work with a lot of conservatives, it’s been years since any of them whined about wealfare. Mittens mind is lost in the ’80s. Taxes and Mittens bloated IRA are a different matter.
Kay
@Mark S.:
I’m so glad! I feel about this like I felt about Bain. There are people who just don’t want this stuff discussed, because if ordinary taxpayers found out about it, they would get really angry, and we’d also start to get some clue about why we have all these monstrous deficits.
“Quiet rooms”. He meant that. If the nail ladies and the babysitters find out, all hell breaks loose.
beltane
It get worse for Romney. Looks like Bain Capital itself was conceived in blood and murder http://www.dailykos.com/story/2012/08/08/1117932/-Huffington-Post-Romney-Started-Bain-With-Blood-Money
Mitt Romney is the type of over-the-top evil that makes for a great Bond villein but God help us if this pathologically greedy maggot ever makes it to the White House.
Kay
@Litlebritdifrnt:
Isn’t that name just wild? “Son of Boss”. Good God. This is what our greatest business minds are up to?
Culture of Truth
When Son of Boss first came out, I told people it was a big bombshell that would really hurt Romney. Clearly that didn’t happen to the degree I hoped, but perhaps it will have a new life.
NotMax
Well, duh.
He was named Willard after George & Lenore Romney’s close friend J. Willard Marriott.
Culture of Truth
Perhaps the Obama campaign is holding to Son of Boss for the fall. I would.
Misterpuff
A man runs on his business acumen, yet we the voters can’t examine that “acumen”. And when criticism of the results of that “acumen” is voiced, the man disavows any knowledge of or input to that decision or action, effectively saying I was just a figurehead, not a decision maker. And we are supposed to find that a qualifying trait for a President.
Why can’t the media see this and push back?
jayackroyd
One of the more plausible speculations for Romney’s refusing to release his returns is his possible participation in a 2009 amnesty for people who had broken tax laws in sheltering income offshore.
It seems to me that reporters are perfectly justified in asking him whether he participated in that amnesty. And to ask him how he feels about the use of amnesty for felons.
schrodinger's cat
@Enhanced Voting Techniques: Something extremely shady is going on in that 100 million dollar IRA.
MikeJ
@Litlebritdifrnt: Selling assets back and forth to yourself and structuring it so you “lose” money both ways.
schrodinger's cat
@NotMax: Its like the mafia, but creepier. Why break laws when you can change them to your advantage.
Warren Terra
I’d like to see more attention paid to a precedent more closely connected to Mitt: his record on Massachusetts State Income Tax. When Mitt ran for Governor, it was discovered that he was ineligible to run. There’s a residency requirement, and for the previous several years he’d been legally declaring himself not to be a resident of Massachusetts, and thereby had been avoiding paying taxes to Massachusetts (rather a modest sum by his standards, if I recall). Because he has powerful friends, and because Democrats rarely play hardball to keep Republicans from being able to vote for the candidate of their choice, Mitt was able to make this problem go away by paying his back taxes, and was able to win the one term in elected office that he doesn’t really like to talk about to the voters nowadays.
But consider the way that situation matches up to the current one: Mitt had political ambitions in Massachusetts. He’d already run for Senate, he was soon to run for Governor, at the least he’d want to keep his options open. Nonetheless, to make more money in the short term, he found a way to pay no taxes to Massachusetts, even though this decision was not merely a potential political liability in the minds of the voters but an actual technical bar to office.
Now, given that this is the way Mitt handled his Massachusetts taxes, with all their implications for his political ambitions, consider how likely it is that he structured his federal taxes in a similar fashion, exploiting every possible dubious strategy to minimize tax obligations for a short-term benefit, regardless of how it might later appear to the coters.
brettvk
Found an explanation here:
1. Tax shelter promoter sets up two companies, Company A and Company B and funds each company with $50. Company A buys a briefcase for the $50.
2. Client comes to promoter and says, “I have a $1.0 million capital gain.” Promoter says, “No problem, I can eliminate that gain for you by generating a $1.0 million loss to offset your gain.”
3. Promoter devises the following plan:
a. Client purchases the $50 briefcase from Company A by paying Company A $1,000,050!
b. Client pays $50 in cash. In addition (here’s the tax shelter part), Client “pays” another $1.0 million by signing a promissory note (a promise to pay) payable to Company A for $1.0 million in 30 years. For tax purposes, Client purchased the briefcase for the cash payment and the promissory note, so the tax cost for Client’s briefcase is $1,000,050.
c. Client then sells the briefcase to Company B for $50. Thus, economically, Client is made whole; Client paid $50 for the briefcase and sold the briefcase for $50. However, Client’s tax basis in the briefcase was $1,000,050 and by selling the briefcase for $50, Client incurred a $1.0 million loss! That loss will then be used to offset Client’s $1.0 million capital gain, effectively zeroing out his tax liability.
d. Assume that Company B then sold the briefcase back to Company A for $50. Promoter is ready for his next client now that Company A has the briefcase and Company B has $50, and the pattern can be repeated.
amk
What? msm finding the backbone to ask proper questions about mittbot’s tax issues ? where is the fainting couch ?
Mark S.
@MikeJ:
Real Americans do that all the time!
Culture of Truth
Romney also shifted Marriott’s profits to a Luxembourg shell company. “Suuuurprise, surpriiiise!”
Litlebritdifrnt
@MikeJ:
Thanks! @Misterpuff:
That is what pissed me off about this story, his team just said “he relied upon the accountants” or some such bullshit. More and more it sounds like this man has never been responsible for anything his whole life. It was always someone else, unless it was a success then he gets all the credit. How stupid does he think we are?
Culture of Truth
John McCain said Marriott engaged in an “expensive hoax” and a “scam.”
PurpleGirl
I’m really hating the 1% and their tax strategies right now.
schrodinger's cat
@Mark S.: Yes the .0001% who are worth billions.
Boots Day
Romney has made cutting taxes on the rich a centerpiece of his economic plan. He claims we need to do this to empower the “job creators,” because if Jamie Dimon gets another couple million dollars, he’ll hire more pool cleaners or something.
That makes it extremely relevant to find out just how much the ultrawealthy are paying in taxes. If someone like Mitt Romney is already paying virtually nothing in income taxes, then the economy derives no benefit at all from cutting his taxes further.
That’s why this is so resonant.
sharl
@brettvk: Wow, that
Catch-22Son of Boss scam… that’s someCatchscam!jwb
@beltane: Mitt Romney would also make for an excellent comic character in one of those old Chevy Chase films. But, no, he is not anyone you’d want to be president.
slag
@Kay: Well, at least the SOBs have some minimal level of self-awareness.
I’ve been disappointed by how happy the media elite have been to be made into complete putzes by the Rmoney campaign. And how gracefully they shift their ire to Harry Reid for having the nerve to demonstrate what putzes they’ve become. Obviously, they don’t appreciate when being shown up…and by a Democrat, no less. The nerve!
Mark S.
@brettvk:
Wow, that’s just outright fraud! Those fuckers should go to prison for that.
Culture of Truth
There were three scams. In one, Marriott created a fake loss through a subsidiary. They lost to the IRS on that one. In another, they took fake deductions and paid $200 million fine to IRS. The third was a fake use of clean coal credits to zero out their corporate taxes. They also sent company profits to a PO Box in Luxembourg which reports $200 million in earnings with no employees ih the country.
brettvk
I’ve wondered if there’s some sort of internecine conflict here, since Reid and Romney are both LDS. Even though they’re different parties it strikes me as odd the a Mormon would take the lead in attacking the possible fulfiller of the White Horse prophecy.
japa21
Son of Boss=SOB=Romney
SBJules
If Romney is elected, he won’t be going to Italy:
http://www.wallstreetoasis.com/blog/romneys-italian-job
Haydnseek
We need to keep hammering Mittens on his shady tax strategies all day every day from now until the election. November isn’t that far off, we should be able to keep this alive until then. Everybody understands paying taxes, but arcane tax shelters for the ultra-rich, not so much. “Son of Boss.” Isn’t that Bruce Springsteens kid?
Alex S.
I didn’t know about this before…. so Romney really is the ultimate corporate trickster, the perfect face for the arrogance of the top 1%. I almost… almost… wish that Romney actually gets President and all the secret ways of the top 1% to cheat and betray society come to light.
schrodinger's cat
@brettvk:May be they don’t like him because they really know him, you know like the people in Massachusetts.
gvg
doesn’t “the client” still have to pay the $1,000,000 to company A over 30 years?
The Thin Black Duke
@Litlebritdifrnt: Stupid enough to guarantee him at least 40% of the vote, unfortunately.
brettvk
Wowser!
“…The Romney campaign declined to comment on the specifics of Bain’s early investors. Romney has argued that his offshore investments are entirely proper, and that he has paid all the U.S. taxes that he owes. The offshore funds do provide tax advantages for foreign investors, allowing Bain to attract billions of dollars.
*snip*
“That first investment fund — used to invest in start-up companies and leveraged buyouts — paid out a stunning 173% in average annual returns over a decade, according to a prospectus prepared by an outside bank. It was the start of the private equity powerhouse that ultimately fueled Romney’s political career. He now cites his experience at Bain as a chief qualification for the White House.”
Alex S.
@Haydnseek:
Yeah, ‘Son of Boss’ isn’t good, ‘Marriott’ is the better connection. It sounds elitist.
Mark S.
@Kay:
Yeah. Son of Boss sounds like an opponent of Hulk Hogan in Wrestlemania XVII or something.
MikeJ
@gvg: Yeah, that’s not really a good analogy. The same site has a graphic that’s a little closer to real life and makes more sense too.
R-Jud
@Mark S.:
Nah. Serial killer.
MikeJ
@Kay:
Enron used shell companies named JEDI, Chewco, and Raptor.
f space that
Simply put, Rmoney is as crooked as a dog’s hind leg.
Kay
@Alex S.:
No one knows anything, which is what’s so infuriating about this whole thing. For five years I’ve been hearing that Obama is the International Man Of Mystery and yet normal people don’t know the most basic things about Romney.
I spoke with someone yesterday who said “he worked at Bain for 25 years and he’s 65. What did he do the rest of the time?”
I don’t know: is that right? Are only Bain, Olympics and Massachusetts accounted for? Are those enough YEARS to be 65, or are there missing years?
Yutsano
@Misterpuff: Two words: Horse. Race. The media needs one, and by golly they’re gonna get it good and hard!
Bobby Thomson
@Enhanced Voting Techniques:
Someone has to stand up to the Soviets.
amused
I can’t wait to see the headlines containing “Romney” and “SOB.” Clear, concise, and the public doesn’t even need to know the details to get the gist of the story. Perfect for October.
dmsilev
@Kay:
Well, between college,
draft dodgingmissionary work, and his graduate work, he (per Wiki) didn’t start actually working until 1975 (age 28). He started at Bain in 1977, and left somewhere in the quantum superposition of 1999 and 2002. Then Olympics and Massachusetts, bring us to 2006. Since then, he’s been a full-time Presidential candidate.(side note: when you type in ‘Mitt Romney’ into the Wikipedia search bar, the first four suggestions are ‘Mitt Romney’, ‘Mitt Romney Presidential campaign 2008’, ‘Mitt Romney Presidential Campaign 2012’ and ‘Mitt Romney dog incident’. Seamus lives!)
weaselone
@brettvk:
Two points/ questions
1. What happens to the $1 million promissary note?
2. Company B wouldn’t need to sell the case back to company A to restart the cycle. It could just sell the case to the next client with the ultimate purchaser being Company A for this round.
MikeJ
@dmsilev:
He started at Bain consulting in ’77 and founded Bain Investments in ’83.
NotMax
@Kay
Yes, they are enough years. He graduated from law school in ’75 (at 28 years old), went to Boston Capital Group and then to Bain in ’77.
Commenting at Balloon Juice since 1937
Accountability is for you people.
Judas Escargot, Acerbic Prophet of the Mighty Potato God
@Mark S.:
Bill Clinton also happens to still walk the earth. So he’s still around to remind the older folks that ‘no, Romney’s wrong about Obama killing my welfare reform.’
It’s odd that Romney’s still only a few points down, but he’s already trotting out the mid-October tactics. Maybe there’s some truth to the ‘panic’ narrative?
ericblair
@weaselone:
Yeah, that’s what I’d like to know. Actually forgiving the debt should be a taxable event, like the client earned the equivalent income (I think). If everybody just kinda sorta forgets about the whole thing in a definitely non-arm’s-length transaction that would seem to be some sort of fraud.
schrodinger's cat
@MikeJ: Who the hell is Bain?
David Hunt
Jeez, the comments piled up fast. I have to get out of here is five minutes so I haven’t read the previous comments. Apologies if this has been covered or is veering off the ongoing discussion.
When I taking courses in Tax Accounting for the CPA Exam, the teacher of the course was a former IRS employee who had then gone on the work in private practice as a tax accountant in Florida. Most of his clients were corporate, but the firm also did the personal returns for the corporate presidents. He said that those guys were far more aggressive when it came to their own tax returns than they were with the companies that they worked for. Think about that in relation to the Marriott story…
patrick II
@SBJules:
The tax implications of that Italian deal have been made public. Romney moved the profits out of Italy to Luxemburg so he would not have to pay Italian taxes. It is also known he hired a lobbyist to try and lowball property taxes on the beach house with the car elevator.
It would really not surprise me much if he did not pay income tax for 10 years as Reid claims.
burnspbesq
@Litlebritdifrnt:
A scam. Complete and utter bullshit. A purely paper transaction in which all the players were completely protected from any risk of economic loss, that looked like it technically complied with the Code but achieved a result never intended by Congress.
If you want to get deeper into the weeds, this is a good description.
http://www.son-of-boss.com/
burnspbesq
@Kay:
You forgot BLIPS, FLIP, OPIS, and 401(k) accel. Not to mention the infamous “Killer B.” and all of the various foreign tax credit generators.
rikyrah
kay,
thanks for bringing up the Marriot thing.
I used to not believe that he was on the 2009 amnesty list.
now, I believe he is, and it’s because of Marriot.
I love how they phrase things when it comes to rich people….the IRS found the Marriot shelters ‘ unacceptable’.
UNACCEPTABLE?
G-T-F-O-H
they found them ILLEGAL.
ILLEGAL
ILLEGAL
so, if Willard would have no problem with ILLEGALITY with regards to Marriot….
why is it a big leap to believe that he’d have ILLEGALITY with regards to his OWN MONEY.
also, the IRS itself said that the only people with money in the Caymans are:
1. tax cheats
2. criminals
3. terrorists
you remember the phrase your parent’s told you:
you are the company you keep.
Willard’s money is the company it keeps.
Remember his answer about the foreign accounts and why he still had them – it was, well, that’s how foreigners invest in America and avoid paying taxes to America. I thought that was very revealing indeed.
there’s gold in those tax returns.
schrodinger's cat
What are the tax liabilities on the sale of property you inherited in another country? The person making the bequest was not a US citizen.
schrodinger's cat
What are the tax liabilities on the sale of property you inherited in another country if the person making the bequest was not a US citizen.
Roger Moore
@Kay:
He didn’t get into business until he was almost 30, since he had the regular 22 years to get through college, another 2 years as a Mormon missionary, and 4 years to get his MBA and JD. Then he worked as a management consultant for several years. He didn’t start at Bain Capital until he was about 35. Then you have the 25 years at Bain, the Olympics, and Massachusetts. That gets him to about 60. After that, you have his time running for President to get him to 65.
Catsy
@rikyrah:
I’m about as certain as I can be without seeing the tax returns themselves; learning about the Marriott thing only cemented that.
It’s the only thing damaging enough to really add up, given how hard he’s fighting against releasing his returns despite how much it’s hurting him.
Nothing short of criminal tax evasion or Harry Reid’s source being right (or both) would be bad enough to justify still fighting this hard. Not even his pride and sense of entitlement. At the end of the day, Romney’s big decisions always come down on the side of minimizing or avoiding risk.
That’s why the tax return issue is so devastating to Romney, and why we need to keep hammering him on it relentlessly. He’s boxed himself into a no-win situation.
Wapiti
One wonders why the IRS doesn’t have a tax-fraudster equivalent to the No-Fly list. People who are known to have a high probability of committing fraud and who get their returns patted down every year for the rest of their lives.
Roger Moore
@Wapiti:
For the same reason the EPA doesn’t have a frequent polluters list; they’re deliberately starved of enough resources to be effective enforcers. It’s amazing how ineffective a government agency can be when it’s deliberately undermined.
TenguPhule
Not Really. This is going to haunt him through the convention and if a Paultard doesn’t manage to set him up the bomb on this when the cameras are rolling, then they’re slacking.
SiubhanDuinne
@Enhanced Voting Techniques:
Don’t you mean:
??
Roger Moore
@SiubhanDuinne:
I think he did a little too much LDS back in the 60’s.
Mnemosyne
@beltane:
Ho-lee shit. Assuming that’s all true, if the Spanish-language stations get hold of that, Romney’s getting the lowest percentage of the Hispanic vote in history. Nobody from Latin America (except maybe a few exiled Cubans) would even consider voting for him.
New Mexico and Nevada are already pretty solidly blue, but one wonders how it could change the picture in Texas and/or Arizona.
trollhattan
@beltane:
Instead of a cat, he’ll be stroking a bag of cash on his lap. Based on his speech disabilities, I doubt he can do either a proper evil chuckle or a hearty “Mwa-ha-ha-ha.”
burnspbesq
@Wapiti:
They’re getting there. The establishment of the Global High Wealth industry group in the recent reorganization of the Large Business & International division is a huge step forward. When I worked for the IRS in the 1990s, it was virtually unheard of for a technical specialist to be assigned to an examination of an individual return. Under the new structure a return like Romney’s will get a full-on team approach if it’s examined, and the likelihood of an examination is substantially greater.
Richard W. Crews
My local paper, in a very right-wing area, prints ALL letters limited to 200 words (that’s hard!). nctimes.com for a wild read every day. My congresscritter was cunnungham (jail), bilbray ( carpetbagger) then issa (criminal).
Here’s my latest :
TITLE : Romney incites tax speculation
It’s expected that Presidential candidates release many years of tax records. Romney’s father stated that many years are required; a few years could be hiding something. Rmoney’s released one.
Senate Majority Leader Harry Reid has stated that a Bain insider told him Romney paid ZERO taxes for 10 years. The heat is growing, over 20 senior Republican leaders have urged Romney to be transparent. Come clean. Mitt’s decided that whatever he’s hiding is worse than the heat. This guy wants to run the country, claims he’s qualified because of his business genius, then hides it all.
Peggy Noonan, respected conservative columnist, once wrote, “ … Is it irresponsible to speculate? It would be irresponsible not to.”
No taxes for 10 years? He showed McCain 23 years taxes, and McCain picked Palin. McCain isn’t saying Reid is lying. Maybe Mitt made backroom investments on our wars, or the SLC Olympics. Maybe he aggressively shorted Bear Stearns, creating and profiting from our recession.
In 2009, the IRS made a deal with Switzerland, ending the secret accounts. There was a one-time amnesty for the scofflaws evading taxes. Maybe Romney was caught in that. Speculations!
Mitt could end it all by releasing his taxes.
danah gaz (fka gaz)
@Judas Escargot, Acerbic Prophet of the Mighty Potato God: “It’s odd that Romney’s still only a few points down, but he’s already trotting out the mid-October tactics. Maybe there’s some truth to the ‘panic’ narrative?”
To be fair, he’s probably at least glanced at the electoral map, which paints a far grimmer picture for him.
danah gaz (fka gaz)
@Richard W. Crews: Great letter. You said Romney presented one year, but he actually only presented part of one year. However, given your 200 word limit, I understand why.
James E. Powell
To be fair, he’s probably at least glanced at the electoral map, which paints a far grimmer picture for him.
I’m am guessing that the Romney campaign is seeing poll results that show that the Tax & Bain issues are costing them with the Republican base voters, rather than the handful of uncommitted voters. The “OMG Welfare Without Work!” ad is aimed right at those Republican base voters.
He’s not one of them and he can only command their loyalty be demonstrating that he hates the same people that they do.
Marie L. Race
PLEASE bring the pre-2010 tax returns up EVERY DAY! Make it an issue each and every day. There is rotten stuff in there….so rotten that they are taking the hit on not releasing rather than just getting it over with. I am NOT envious or jealous or rancorous over his wealth… I am rancorous over the idea of a candidate (gasp! President! horrid) who has had to accept amnesty for Swiss accounts, who has used Son of Boss (look up that concept – the $million plus $50 briefcase), who twisted every quote legal unquote means to have an IRA become the $100 million deal!
MLRjr
PLEASE bring the pre-2010 tax returns up EVERY DAY! Make it an issue each and every day. There is rotten stuff in there….so rotten that they are taking the hit on not releasing rather than just getting it over with. I am NOT envious or jealous or rancorous over his wealth… I am rancorous over the idea of a candidate (gasp! President! horrid) who has had to accept amnesty for Swiss accounts, who has used Son of Boss (look up that concept – the $million plus $50 briefcase), who twisted every quote legal unquote means to have an IRA become the $100 million deal!