Political posterizing redux.
Re: Political posterizing redux.
A little more detail, for any who think Mitt was merely trying to be sarcastic:
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Re: Political posterizing redux.
Is that a real plane?Ian wrote:A little more detail, for any who think Mitt was merely trying to be sarcastic:

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Re: Political posterizing redux.
No, THAT part is made up.
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Re: Political posterizing redux.
He wouldn't know how to open those either.Ian wrote:No, THAT part is made up.
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Re: Political posterizing redux.
Are they going to creat a Grand Onion Politics news organ that will let truth be its own satire?Gawdzilla Sama wrote:At this point I think the Onion is going "Fuck me, how do we come up with crazier shit that this?"Kristie wrote:We were just talking about Republicans and not being sure if articles are for real or from the Onion!
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PC stands for "Patronizing Cocksucker" Randy Ping
PC stands for "Patronizing Cocksucker" Randy Ping
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Re: Political posterizing redux.
Fox has that niche.Svartalf wrote:Are they going to creat a Grand Onion Politics news organ that will let truth be its own satire?Gawdzilla Sama wrote:At this point I think the Onion is going "Fuck me, how do we come up with crazier shit that this?"Kristie wrote:We were just talking about Republicans and not being sure if articles are for real or from the Onion!
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Re: Political posterizing redux.
But Fox isn't all about truth.
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Re: Political posterizing redux.
"The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years," his trustee Brad Malt said in a note accompanying the return.
The choice to not take the deduction allowed Romney to inflate his tax rate to 14.1 percent. The difference between his charitable giving of more than $4 million and his claimed deductions of $2.25 million increased his tax bill by several hundred thousand dollars, as he paid taxes he didn't have to on nearly two million dollars.
Luckily for Romney, after the election he can recoup that money. If the American people reject him at the polls in November -- and even if they don't -- Romney would be fully within his legal rights to file an amended return, requiring the Treasury to cut him a substantial check.
UPDATE: 9/22/12 10:55 a.m. -- Where did Romney's charitable giving wind up? It's not entirely clear. According to the tax returns, he gave $1,115,485 to the Mormon church and $214,516 to the Tyler Charitable Foundation, which is Romney's own tax-exempt nonprofit he established. His returns also list a gift of $920,573 in "noncash contributions," though it doesn't specify where those went. Noncash contributions are typically gifts of stock. By shifting the stock from his own account to his nonprofit, he is able to avoid paying taxes on the unrealized capital gains, and is also allowed to write off the value of the gift. The return isn't clear as to where the remaining roughly $2 million of charity went -- the gift he hasn't yet taken a deduction for -- but a likely candidate is his Tyler Charitable Foundation.
In 2010, Romney avoided a tax hit by giving to Tyler stock in Sensata, a company with a factory in Illinois that Bain Capital is closing and moving to China, costing the town 170 jobs.
http://www.huffingtonpost.com/2012/09/2 ... ref=topbar
The choice to not take the deduction allowed Romney to inflate his tax rate to 14.1 percent. The difference between his charitable giving of more than $4 million and his claimed deductions of $2.25 million increased his tax bill by several hundred thousand dollars, as he paid taxes he didn't have to on nearly two million dollars.
Luckily for Romney, after the election he can recoup that money. If the American people reject him at the polls in November -- and even if they don't -- Romney would be fully within his legal rights to file an amended return, requiring the Treasury to cut him a substantial check.
UPDATE: 9/22/12 10:55 a.m. -- Where did Romney's charitable giving wind up? It's not entirely clear. According to the tax returns, he gave $1,115,485 to the Mormon church and $214,516 to the Tyler Charitable Foundation, which is Romney's own tax-exempt nonprofit he established. His returns also list a gift of $920,573 in "noncash contributions," though it doesn't specify where those went. Noncash contributions are typically gifts of stock. By shifting the stock from his own account to his nonprofit, he is able to avoid paying taxes on the unrealized capital gains, and is also allowed to write off the value of the gift. The return isn't clear as to where the remaining roughly $2 million of charity went -- the gift he hasn't yet taken a deduction for -- but a likely candidate is his Tyler Charitable Foundation.
In 2010, Romney avoided a tax hit by giving to Tyler stock in Sensata, a company with a factory in Illinois that Bain Capital is closing and moving to China, costing the town 170 jobs.
http://www.huffingtonpost.com/2012/09/2 ... ref=topbar
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Re: Political posterizing redux.

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