Category Archives: Taxes

Well we knew it was gonna be a rough campaign. And we knew the Obama attack machine would play a big role. But it’s getting nasty even earlier than I thought it would. The question I have is, can Mitt get below the curb with this crew? let’s have a look at the latest crap coming out of the cesspool.

So Mitt Romney leaves Bain Capital in 1999 and runs off to the 2002 Olympics to make history. He has no dealings with, nor is he in the loop with regard to a single business decision the company is making during that time. (Note: To date there is not a single document or representative piece of paperwork other than a leave of absence with his name on it during the time in question. However if this changes, so might opinion of the Governor.) Not only is this documented, but it is also one of the most publicized departures in American business history because of his destination and all of the success he had when he arrived in Salt Lake. Additionally, and as is the case with most larger corporations, the timing of “Securities and Exchange Commission” filings in relation to the actual written transition of power are sometimes far from perfectly aligned. For the most part this is done on purpose to (avoid) confusion between the departure and arrival of leadership, as well as assign any responsibility having to do with their respective terms of service. In this case, it is obvious that Romney was long gone, and any concerns the “concerned” Obama team may have about decisions made during that time are political in nature to put it mildly. However, to frame it in terms of a “felony” in order to exact maximum drama, is downright misleading and certainly less than honorable. Nonetheless, it doesn’t surprise me with this bunch.

The next whopper is the T.V. spot highlighting how Governor Romney paid only 15 percent in income tax against approximately $40 million he made last year, drawing the comparison to middle class folks who might be paying a higher rate. Ok, let’s start with the obvious. Three words, and I must let you do your own homework on this. (Effective Tax Rate). Because if you don’t know what you’re actually paying in taxes Mr./Mrs. Middle class, then shame on you and we shouldn’t even be having this conversation. Additionally, one of the reasons he paid at the 15 percent rate is because of the millions he gave away which also reduced his burden a good chunk. Oh, and if anyone thinks an eventual $6+million dollar tax payment is too little, then you do not understand the fundamentals of our economic system, which makes you part of the problem. This is why I say you must all read the “numbers within the numbers”, and not be buffaloed by the Obama class warfare and propaganda machine. Know the truth before you vote, or this election will be an exercise in “divide and deceive” as opposed to any “hope and change”…