Why won't Romney release his tax returns?

[itsapyr]

No, that's not why. You want him to have done something illegal or something that will help draw votes away from him. THAT is what this is all about. To say otherwise is disingenuous.

It's the same reason Republicans want to see Obama's college transcripts. They want to catch the President in a lie.

Don't tell me what I mean

[cindylu]

My accountant encourages me to invest as much as I can afford into my IRA each year and tells me there are no limits on what I can invest.

What kind of IRA are you referring?? I'm talking about a ROTH and can only invest 6K a year.

[Tony]

Remember people who make over $250,000.00 annually pay over 70% of taxes paid to the federal goverment.

Wow where did you find that figure? According to http://www.moneychimp.com/features/tax_brackets.htm the highest tax bracket in the US is 35%.

[StickonFreeze]

Don't tell me what I mean

I apologize for seeing through you.

[derricksonb]

What kind of IRA are you referring?? I'm talking about a ROTH and can only invest 6K a year.

Interesting as I believe the maximum one was allowed to contribute to a ROTH IRA is $5,000.00 annually.

I do believe that some on this board (Not surprisingly the same ones who blindly support the current POTUS, who BTW is the very definition of arrogance) have a 401K and an IRA confused. A 40k is taken pre-tax and has limits of 15% of gross income or $18,000.00 maximum contributions per year. An IRA is post tax and has no limitations as to what one can invest.

Furthermore before we start complaining that the Romney's have not released all of their tax returns or trying to play class warfare lets also remember that 49.5% of Americans pay no income tax whatsoever. So before we start demanding that the 1% pay more taxes than they currently pay perhaps we should demand that the bottom-feeding 49.5% pay SOMETHING.

[Tony]

lets also remember that 49.5% of Americans pay no income tax whatsoever.

The point I was making earlier. Just because he's an elitist and tax dodger doesn't mean he's done anything illegal. It just makes him look like a bastard.

But don't get me started on the whole income tax concept. We should have scrapped that long ago for a simple federal sales tax.

[cindylu]

ROTH IRA is different -- for 2012 if you're over 50 years old you may contribute up to $6K. Don't know what'll happen for 2013.

[KellyR]

Yes, a large swing in income can trigger an audit. As might a large lowering of taxes due. But we don't actually know if he was audited, do we? I think you're just assuming he hasn't been.

I'm trying to remember what damaging information about Senator McCain was released late in that race to cause Obama to win the election but I can't come up with anything. Can anyone remind me please?

As for emphasizing the positive, he is. I suspect you just never see it because of where you gather your news. But look back through his tweets and see if you can find anything negative about Romney: https://twitter.com/BarackObama. It seems there must be a few there, but if so they are vastly outnumbered. But don't expect Fox News to tell you that!

Are you kidding me? I take what i hear on the news regarding the candidates with a grain of salt, but each and every single Obama advertisement (not news) is something negative about Romney. And, Twitter as a news source????? You must really be living in a dark cave, sir.

[derricksonb]

Are you kidding me? I take what i hear on the news regarding the candidates with a grain of salt, but each and every single Obama advertisement (not news) is something negative about Romney. And, Twitter as a news source????? You must really be living in a dark cave, sir.

Simple Liberal democrat response because Obama can't stand on his record.

[Tony]

Are you kidding me? I take what i hear on the news regarding the candidates with a grain of salt, but each and every single Obama advertisement (not news) is something negative about Romney. And, Twitter as a news source????? You must really be living in a dark cave, sir.

Bzzzt. Wrong. You are mistaking the PAC ads for ads put out by Obama. A common error, and if you want to agree to do away with PACs entirely you have my full agreement. But until then candidates have little choice than to just tolerate whatever they do.

As for Twitter, that's been the method of releasing news for years now, starting with Obama I think. Romney played it a bit differently when announcing his VP the other day, with his app reporting it at 7:07am and the Twitter announcement almost a half hour later at 7:43am. But both had been scooped by then on Twitter. Anyway, app or Twitter it's the same concept - the days of announcing news at news conferences are gone for good.

I also tend to get my breaking general news via Twitter these days. With a feed right on my desktop, I get notified instantly of alerts and news events from a few sources, including Fox News, The Washington Post, and CNN. If you're waiting to catch these stories on the evening news, you aren't getting most news until many hours after I do.

[StickonFreeze]

Bzzzt. Wrong. You are mistaking the PAC ads for ads put out by Obama. A common error, and if you want to agree to do away with PACs entirely you have my full agreement. But until then candidates have little choice than to just tolerate whatever they do.

Well, a campaign can certainly condemn the third-party ad if they disagree with its content or tone. I think the reality is that, through back channels, the parties have significant input into how Super PACs spend their money. It DOES however provide a good way for campaigns to distance themselves from the sketchiest, most provacative ads. Basically, they can play dirty then blame it on somebody else.

[Mountain_Nomad]

Bzzzt.

As for Twitter, that's been the method of releasing news for years now, starting with Obama I think.

Twitter started in 2006, so that's probably correct.

News in 140 characters or less? While fast, sometimes not much more than rumour.

I still think of Twitter as a medium better suited for updates on the Kardashians, Ashton Kutchner, Jay Z.., etc.,

I did see that the House of Representatives is pressing ahead with a lawsuit against Holder.

http://twitter.com/AP/status/235049311648501762

[KellyR]

Unverified news on Twitter? I am with Mountain Nomad, Twitter is for media hogs like the Kardashians, but certainly not News.

[StickonFreeze]

Twitter started in 2006, so that's probably correct.

News in 140 characters or less? While fast, sometimes not much more than rumour.

I still think of Twitter as a medium better suited for updates on the Kardashians, Ashton Kutchner, Jay Z.., etc.,

Twitter (as well as Facebook) can be genuine news-distribution avenues. Legitimate media outlets all put news out on Twitter these days...with links to their websites.

[Davdu]

Ah Haaaa!Romney 2008 Tax Return.jpg

[cindylu]

For countries under an oppressive regime Twitter can be their only source of news. It can also be used as "news bites" to entice the reader to go to website to get more info.

Hey! this is supposed to be thread about Romney's taxes!!