Romney Revising Tax Disclosures for Offshore Funds (for 1/27/12)

Mitt Romney's campaign staff is changing federal ethics disclosure forms to include some investments held offshore, but not reported on his taxes last year. Last year, he did not include an investment held in Switzerland's UBS Bank worth million of dollars on his return. He also added funds from the Cayman Islands, Ireland, and Bermuda to his returns. Romney has about $250 million in wealth. These forms require Presidential candidates and their spouses to diclose all of their total assets and income. In other words, Mitt Romney hides his money all over the world to avoid paying taxes and will not disclose his wealth unless he needs to do it for political gain. In truth, revising disclosures like this should trigger a scandal that deems him unsuitable for office. http://firstread.msnbc.msn.com/_news/2012/01/26/10244809-romney-revising-disclosures-for-overseas-accounts

Mitt Romney Could Have Waited Decades to Pay His Taxes (1/22/12)

Mitt Romney pays an federal income tax rate of about 15% and says he is "not going to apologize for being successful." Someone who earns a wage of $60,000 also pays about this rate. Dividends and capital gains, which comprise most of his income, have tax rates of 15%. As someone who manages an investment partnership such as Bain Capital, Romney can make income now and report it as carried interest. This allows him to defer tax payments for decades. He promises to release many years of his tax returns. He put $100 million aside for his sons. What he is paying taxes on will remain a mystery if he does not release tax returns from 1984-1999, when he ran Bain Capital. This will surely spur the debate for serious tax reform. http://www.huffingtonpost.com/2012/01/22/column-what-romney-tax-re_n_1218453.html?ref=business

Birther Joke From Matt Romney Over Dad Mitt's Tax Return (for 1/1/12)

Occupy Wall Street protesters may not be happy with the job Obama has done as President, whether it includes failing to end the Bush Tax Cuts for the Wealthy, reforming healthcare by enacting a single-payer system, bring home all the troops fighting abroad, or pass climate legislation. But, they undoubtedly do not approve of conservatives and other right-wingers making birther jokes questioning whether or not Obama is an American citizen. They want to see them instead push Obama to actually come up with proven, non-ideological ideas to solve our nation's biggest problems. They do not want Matt Romney, son of leading GOP Presidential candidate Mitt Romney, cracking jokes about President Obama's birth certificate when he gets questioned on when Mitt will release his tax returns. http://2012.talkingpointsmemo.com/2011/12/mitt-romneys-son-obama-should-release-birth-certificate-grades.php