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View Full Version : The “zero tax in 2009” theory



Qtec
07-18-2012, 02:48 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">When the stock market collapsed in 2008, the wealthiest investors fared worse than everyone else. (See, for instance, this Merrill Lynch study.) The “ultra-rich”—those with fortunes of more than $30 million—fared worst of all, losing on average about 25 percent of their net worth. “There was really nowhere to hide as an investor in 2008,” Merrill Lynch’s president of global wealth management pointed out in 2009. “No region ended the year unscathed.”

As a member of the ultra-rich, Romney probably wasn’t spared major losses. And it’s possible he suffered a large enough capital loss that, carried forward and coupled with his various offshore tax havens, he wound up paying no U.S. federal taxes at all in 2009. If true, this would be politically deadly for him. Even assuming that his return was thoroughly clean and legal—a safe assumption, it seems to me—the fallout would dwarf the controversy that attended the news that Romney had paid a tax rate of just 14 percent in 2010 and that estimated he’d pay a similar rate in 2011.

The “zero tax in 2009” theory—again, this is sheer speculation—gains further sustenance when you consider it’s the only year for which nobody knows anything about Romney’s taxes. He’s revealed what’s in his 2010 and 2011 returns, <span style='font-size: 17pt'>and he reportedly submitted 20-some years’ worth of returns to the McCain campaign when he was being vetted for vice president in 2008.</span> </div></div>


.....and they went for bat-$hit crazy Palin!!!!!!!!!!! LOL


Nuff said.


Q

LWW
07-18-2012, 03:41 AM
"IT'S POSSIBLE" ... "IF TRUE" ... weasel words beloved by the left.

And, even "IF TRUE" ... all within the law, and the left has pounced upon that excuse for Kennedy, Kerry, Biden, Peloi, Edwards and mny more. Yet no the tune has changed ... I wonder why?

Soflasnapper
07-20-2012, 02:17 PM
Evidently Romney's campaign has verified that there were no years where he paid $0.

As one financial reporter explained, that statement would technically cover years where the return received a refunded amount (less than zero).

Qtec
07-21-2012, 02:48 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Evidently Romney's campaign has verified that there were no years where he paid $0. </div></div>

Verified or claimed?

Q

Soflasnapper
07-21-2012, 08:44 AM
"Verified" as in, claimed, baldly asserted, etc. Not with evidence, in other words.

Still a kind of breakthrough.

Maybe with some time, they'll take questions of the 'warmer?' 'colder?' variety.