patching...
Update: Want North Canton News Delivered to Your Virtual Doorstep? Sign up for our Daily Newsletter! »
Welcome back, Patch Blogger!
Local Voices

Mr Romney....Show us your tax returns

I don't know about you but I want to see Mitt Romney's tax returns.  I know that I pay a lot of taxes every year.  My tax rate is a lot higher than Mr. Romney's.  The disparity in our tax rates make me want to know just how favorable the tax loopholes purchased by the super wealthy are.  How fair is it that on his $20 million in income he paid less than 14%?  I am a small business owner and cannot even begin to get my tax rate that low.  I also look at my IRA into which I can contribute approximately $6K per year and wonder how in the heck did he get over $100 million in his?  There's something corrupt in our tax code when huge benefits accrue to those who need them the least.

I don't think this is a partisan issue.  We need to have a bright light shine on the inequality in our tax code and the huge corruption in the elite class that are able to "buy" special favors through their contributions to our elected officials.

I especially am furious that those that are the richest get to classify their earnings as "investment" income and pay a 15% tax rate when all those who work for a living have to pay the graduated income tax rate.  Again, this is so unfair.

Know what I think?  I think the "rich" are concerned that we, The People, are having an opportunity to see how things really work in this country.  The blinders are coming off and I think we're horrified! 

Mr. Romney's refusal to disclose his tax returns, as is customary in presidential races, shows an arrogance and complete disdain towards the American people.  

lyn

7:38 pm on Monday, August 6, 2012

It is not required and the only thing accomplished by Romney showing past tax returns is that there will be more anger over his wealth. Chances are that most of those years were under audit, as are most individuals in that income bracket. Your anger should be directed at the tax code. Just because a person applies the tax code to his best advantage does not make him evil. It makes him smart. Why would any person pay more than needed and not use tax planning?
However, I see nothing wrong with the wealthier paying more. After all the tax rates were much higher back under Reagon. But, we don't even have to go that high. But do you realize that about 49% of the population pays no taxes? And that under Obama they have paid less than under Bush? The problem is the tax code and peoples jealousy of the rich. Nothing wrong with the rich paying a little more. But nothing wrong with those 49% also having to pay some tax - they also live in this country. But, no one will win campaigning for that.

Reply

tom m

2:01 pm on Tuesday, August 7, 2012

MR Obama show us your school transcripts (showing you to be a indonesian exchange student)
Mr Obama Show us your actual draft Card (not the backdated one on file)
Mr Obama Show us your hawaiian social security card (not the 1890 Connecticut one you use)
Barry Soetoro (obama) please release your adoption papers
(not even going into actual birth record)

then ..... after obama releases these documents which many people have asked for him to do, but he has refused ..only after these have been released...you then could ask for Romneys tax returns
You see Rose why should candidate Romney show you any documents when Candidate Obama Refused to release any of the requested documents, he was asked about ......fair is fair

Reply
Comment_arrow

joe ponikarovsky

9:14 am on Wednesday, August 8, 2012

i love this argument. show me one presidential candidate who has ever produced any of those documents. let alone a long form birth certificate, like obama has. fair is fair, indeed.

Comment_arrow

Rose Petsche

5:53 pm on Wednesday, August 8, 2012

Tom,
I am having trouble in responding to this post. At first I didn't think I should address your post. After all, after a senate campaign, after a presidential campaign and 3 years as president, if there were anything to your conspiracy theory it would have come out by now. That's all I really have to say.

Comment_arrow

tom m

7:12 pm on Wednesday, August 8, 2012

rose again I could care less about the conspiracy theory angle of the documents its the point that he refuses to release them and the media says nothing BUT when romney wont release 26 years worth of tax records the media gets all shark attack on him (double standards)

Joseph Grant

3:24 pm on Tuesday, August 7, 2012

Evan, yes, Romney's smartest decision was being born rich.

Reply
Comment_arrow

Ann

1:02 am on Wednesday, August 8, 2012

LIKE LIKE LIKE oh this isn't facebook...

Rose Petsche

3:29 pm on Tuesday, August 7, 2012

Making money is definitely not a bad thing. Being wealthy is just fine and part of the American dream. All I'm asking for is that the tax returns be released as has been the custom since Mr. Romney's father. Again, prominent people from both sides of the aisle are calling for the release of those tax returns as a measure of transparency.

Reply
Comment_arrow

tom m

5:29 pm on Tuesday, August 7, 2012

so again what you are saying is that obama was asked to release many of his documents which he has not BUT you feel that romney needs to release anything you ask ...........TOO BAD .....he is taking a page right out of obamas book ....how does it feel

Comment_arrow

tom m

5:33 pm on Tuesday, August 7, 2012

and Rose lets be honest ...you claim you are just a concerned american but are you not the Rose Petsche
who is the
BBH Democratic Club Treasurer
looks like you have an agenda (case closed you are dismissed)

Comment_arrow

Jean Williams

8:34 pm on Tuesday, August 7, 2012

tom nice catch
<Rose Petsche who is the BBH Democratic Club Treasurer>
Rose keep drinking the kool-aid

Rose Petsche

6:23 pm on Tuesday, August 7, 2012

I am a concerned citizen as are all those on both sides of the aisle who are calling for the release of the tax returns. This is an opportunity for us to get a glimpse into the rarified world of the wealthy. How do they use the tax code to their advantage? Is it fair? Is there a bias towards those with wealth as opposed to average Americans? These are questions that both D's & R's should be asking. What we already do know is that he pays far lower tax rate than most of us. We do know he has an IRA worth up to $100 mil. That is enough information to warrant more disclosure.

Reply
Comment_arrow

James Murphy

7:42 pm on Tuesday, August 7, 2012

ROSE I have to agree with Tom M, if you would have disclosed that you were a democratic treasurer on your blog all would have been well>>> but now since it came out after the fact it looks like you are just smearing the other guy

Comment_arrow

lyn

7:53 pm on Tuesday, August 7, 2012

Again, your problem is with the the tax code!!! Get over his wealth!!!
And, maybe if you had put your money in a better investment than a CD, you too could have had a better IRA balance. Unfortunately, we don't all have the same type of expertise in investment and venture capital as Romeny to make money grow.

Comment_arrow

Jean Williams

8:32 pm on Tuesday, August 7, 2012

great point lyn, rose sounds bitter that she does not know the tax laws, I guess she wants to see how to correctly file your taxes taking ALL the rules and breaks allowed

Comment_arrow

Ed

7:52 am on Wednesday, August 8, 2012

Rose, if you want to get a glimpse into the rarified world of the rich, then watch the TV show - lifestyles of the rich and famous. Just because Romneys is rich, don't be a hater. When OBAMA was pressed to produce his birth certificate, he did, two years into his term. So, if Romney gets elected, in 2 yrs, he can release his tax returns. The real question is, which 10yr old did OBAMA get to create his Birth Certificate that he produced on Photoshop.

Dan Marol

9:10 pm on Tuesday, August 7, 2012

I suppose all of you Repubs are a little upset with other prominent Republicans asking for Romney to release his returns. If this were a Democrat running, and he didn't want to release more than a year or two of his returns, I would ask myself "what is he hiding?" All of you partisan hacks should ask the same thing.

Reply
Comment_arrow

Jean Williams

10:02 pm on Tuesday, August 7, 2012

tom said it best
MR Obama show us your school transcripts (showing you to be a indonesian exchange student)
Mr Obama Show us your actual draft Card (not the backdated one on file)
Mr Obama Show us your hawaiian social security card (not the 1890 Connecticut one you use)
Barry Soetoro (obama) please release your adoption papers

dan so what is obama hiding ??????????

Comment_arrow

Dan Marol

10:14 pm on Tuesday, August 7, 2012

Oh yes, Jean! Also, Mr. Obama, show us your Costco receipt from your shopping trip in 2006!

Comment_arrow

Jean Williams

10:42 pm on Tuesday, August 7, 2012

dan well if obama did, that would be the first document he released on anything

Comment_arrow

Ed

8:00 am on Wednesday, August 8, 2012

Hey Dan, I remember all of us Repubs asking for his birth certificate before the election. 2 yrs into his term, he produced something that my 10yr old could have made on photoshop. Just ask yourself one question, why would someone refuse to produce their birth certificate? If someone asked me for mine, i could produce it within 1 hour - the original, not a copy.

Comment_arrow

Dan Marol

4:33 pm on Wednesday, August 8, 2012

Jean - Please tell me if that laundry list of documents that you want to see from Obama is standard fare for a president/presidential candidate to relase? I don't even recall any other president releasing his birth certificate, do you? You're trying to make a comparison, but it doesn't fly. Presidential candidates have always released years of tax returns, and so has Obama. Romney does not want to release more than a year or two. That is the difference.

Comment_arrow

Dan Marol

4:34 pm on Wednesday, August 8, 2012

On the other hand, Jean, it sounds like if Obama did release all of the documents that you requested, you would believe them to be fake anyway, right?

Comment_arrow

Dan Marol

4:45 pm on Wednesday, August 8, 2012

Ed - Here is the difference. It has been standard fare for decades for presidential candidates to release years of tax returns...normal procedure. Mitt decided to show only one (maybe two) years. Suddenly (for reasons we can assume), the right wing wanted to see Obama's birth certificate. This request is unprecedented. However, if you feel that this should be a law going forward for all presidential candidates to produce a birth certificate, then I don't have a problem with that at all....just as long as its the same standards for everyone.

Comment_arrow

lyn

5:02 pm on Wednesday, August 8, 2012

Dan-
You are missing a big difference - not at all like the difference you point out.
Releasing those 12 years of tax returns is not required. And, even if you don't like the info you would find in them, it would not disqualify him from becoming president.
BUT, the birthers have suspicions or grounds, legitimate or not, for believing that Obama does not have a real birth certificate to prove he is a natural born citizen. And this would mean he is not eligible to be President of the United States - a much more severe revelation than having oodles of money and paying taxes at a low rate.

Comment_arrow

Dan Marol

8:38 pm on Wednesday, August 8, 2012

Lyn - You've got to be kidding me. I know releasing tax returns is not required, as I said, it has been standard practice for decades. If it was normal for presidential candidates to release their long form birth certificate, and Obama didn't want to, then yes, that would raise red flags with me. You say the birthers suspected that Obama wasn't born here, and that is reason enough for Obama to show his birth certificate. How about some left wingers suspecting that Romney did something shady with his off shore money (I'm not necessarily saying he did), and want to see his tax returns? If there is something very shady in there, then yes, that could disqualify him from being president. Based on your argument, Mitt should release them, right? Or, how about I start a movement demanding to see Romney's birth certificate....would you then advocate Romney showing his? What if the next Democrat running for president doesn't want to show his tax returns, either. Would you applaud him, or attack him?

Comment_arrow

lyn

9:09 pm on Wednesday, August 8, 2012

RE:"How about some left wingers suspecting that Romney did something shady with his off shore money (I'm not necessarily saying he did), and want to see his tax returns?"

There is already a safeguard in place to see his tax returns.
Did you ever hear of something called the IRS?
Now you don't trust them or their audits?

And, regarding Obama. A bit more serious.
You are right, though. An accusation doesn't mean he should have to show it. But, if I were him, I would want to put all this question of my legitimicy to office to rest. There will always be a large percent of the population who wonder if he really was entitled to be pres.

About any others and their tax returns - what do I care? So long as they show what is required and I know the IRS is in place to audit them.

Comment_arrow

lyn

9:16 pm on Wednesday, August 8, 2012

By the way - I have voted for both dems and republicans. In this election, I will be voting for the lesser of 2 evils, or put another way, against one candidate. In other words, I'm not really in favor of the one I'm voting for - but he is the best candidate on the ballot. And, the ballot will have a mix of both parties I'm voting for - different offices. So lay off the partisan garbage.

Comment_arrow

Dan Marol

9:56 pm on Wednesday, August 8, 2012

No, Lyn, I haven't heard of the IRS...please educate me (you're firing on all cylinders tonight). Did you ever hear of the Hawaiian Department of Health who verified that Obama had a birth certificate on file and that he was a citizen? Don't you trust them? By the way, Lyn, in case you have not been informed, Obama did end up showing his full form birth certificate, but that still hasn't satisfied the nut cases out there.

I think you are just as guilty with so called "partisan garbage", as you argue over and over how Obama should show any record that people ask for, and that Romney doesn't need to show his tax returns, because all it will show is that he made a lot of money. That's not partisan? By the way, I am not a 100% Obama fan. I am voting for him, because I think Romney is not the answer to our problems. However, during the Republican primaries, I was in the Jon Huntsman camp and would have certainly considered voting for him, but he had no hope as he was not a flame-thrower like the others to satisfy the base.

On a serious note, if I was Romney, and I knew that I would be running for president (which he's known for years), I would certainly close all of my off shore accounts from tax shelter countries and bring the money back to the U.S. It just looks bad, while not illegal, to want to be President of the US and have a lot of your fortune hiding from taxation in the U.S.

Comment_arrow

lyn

10:12 pm on Wednesday, August 8, 2012

I'm not a birther - just saying what I would do if I were him to make sure my legacy was well written.
Huntsman was the one we wanted in our household too!
And, agree on the offshore accounts - I would bring the money home. And say we need to change the laws to make it more favorable to have people keep money here.

Comment_arrow

Ed

9:39 am on Thursday, August 9, 2012

Dan, wether or not its been a standard for candidates to release tax returns is not the point about the birth certificate. If a guy named Juan Gonzales ran for president, I'd like to see his birth certificate. I think it should be standard policy for ANY presidential candidate to produce a birth certificate. WHY, because its the only office that requires the person running for it, must be a natural born citizen. To be perfectly honest, It is shocking to me that proof of citizenship is NOT required. If there is any doubt about where someone was born, its is a legitimate question and the documents must be produced - and not just a blurb in the paper saying Barry was born.

Comment_arrow

tom m

11:33 pm on Tuesday, August 7, 2012

YEP Don't believe everything you read on the internet kids... and where did snopes get its information from 2 democrat staff writers http://www.latimes.com/

Patrick Giusto

11:45 pm on Tuesday, August 7, 2012

At this point, I could personally care less if Romney releases his tax returns. There's no mystery here. Mitt Romney has made a lot of money in his life; and like all people who make a lot of money in their lives, they find unique ways most of us don't know to bend the rules and hide their money to salvage as much of it as they can from taxation. If I were a billionaire, I'd do the same thing and find every shady (yet legal) way I could think of to protect it.

Had he simply released them at the beginning of his candidacy, he could have been raked over the coals in the Spring and everyone would have forgotten by the Fall. But at this point, strategically speaking, he's better off just sticking to the guns, and continuing to ignore the request. It's been his M.O. his entire political career anyway.

I understand this is a talking point for Democrats, but it's practically irrelevant. It's not quite as irrelevant (and possibly/probably fictional) as the documents Tom M wants from the President, but I really don't see what this is supposed to tell me about Mr. Romney as a candidate that I hadn't already guessed. It's a diversionary tactic, and it has very little value for me.

It also doesn't change the fact that Mitt Romney has seemingly very little to distinguish himself as a legitimate candidate for President other than "I'm not Obama." That's not going to influence many undecided voters (if there are [m]any left out there to begin with).

Reply
Comment_arrow

tom m

12:19 am on Wednesday, August 8, 2012

Patrick well said ... and my only point about the documents that I mentioned its not the documents nor the fact he feels he needs not release them its the double standard about them
republican ask democrat for documents ....democrat refuses the media is silent
democrat asks republican for documents...republican refuses the media is in a uproar

Comment_arrow

joe ponikarovsky

9:25 am on Wednesday, August 8, 2012

tom, people went on and on about his birth certificate forever. it was in the news constantly for years, just the same as this.

i agree patrick that it doesn't make a ton of difference at this point. there's way too much questioning and shadiness already for me. it just reeks of another rich guy, who i'm sure would do his best to look out for other rich guys. rather than someone who has nothing to hide. not to mention all the off-shoring of funds to protect them and to invest in what he believes is a more superior currency. doesn't strike me as someone who believes in america. smart move, sure. but do you want that guy running the country? would you want a CEO running a company that buys as little stock as he has to, but urges all the employees to?

Ed

7:45 am on Wednesday, August 8, 2012

What has not been said is this. There are no such things as tax loopholes. The tax code is the tax code. When someone brings up "TAX LOOPHOLES" they are simply saying, "Thats a deduction that only the rich can get". Who do you think wrote the tax code?

The better accountant that you have, the less taxes you pay. That is a fact. I doubt Romney or any smart business owner uses TurboTax.

If the TAX code allows for Romney to have SECRET accounts and he has not broken any laws, then good for him. Why should he pay more than he legally has too.

I pay the least amount of taxes as possible and try to take advantage of every deduction possible. So, if Romney has complied with the 2,000+ pages of tax code, then there is NO issue. As far as I know, the IRS hasn't levied any charges against him, so his returns must be legal and acceptable to the IRS.

I'll bet anyone on this site that Romney has contributed more to CHARITY in one year than OBAMA, BIDEN, PELOSI and REID combined in the entire lifetime.

Reply

Lisa Gaines

8:24 am on Wednesday, August 8, 2012

some of the above comments suggest that being poor=dumb??? Mitt was born rich. He was not "smart enough" to get rich.

Reply
Comment_arrow

lyn

8:56 am on Wednesday, August 8, 2012

But maybe his Harvard education and degrees have enabled him to use his "smarts" to accumulate wealth that people are sooooo jealous of. Heck, I wish I had some of it!
Before you knock going to Harvard, remember Obama also went there.

Comment_arrow

Ed

9:54 am on Wednesday, August 8, 2012

Lisa, he may have been born rich, but he is smart enough to stay rich. how many people are out there that either are born rich or became rich, then pissed it all away. I'd rather have a guy in the white house that is a capitalist and not a socialist.

Comment_arrow

John McMillan

10:49 pm on Wednesday, August 8, 2012

Jeeeeez, where do you get this "jealous" schtick? Has nothing to do with "jealousy." Like the other poster, I think that someone who hides his money in other countries, does not sound like someone who believes in America, and that I would like to put my trust in as our President. Sure, we'd all like to be rich, but I'm not condemning him simply because he's wealthy.

lyn

10:04 am on Wednesday, August 8, 2012

Rose-
Your main concern seems to be his IRA. What kind of info do you think you will find out about his IRA from his 1040's? Are you going to want to examine the last 12 years of all of his brokerage accounts as well?

Reply
Comment_arrow

lyn

10:13 am on Wednesday, August 8, 2012

Do you know much about IRA's? Do you know that a person can rollover a 401k, among other things, into an IRA?
Do you know much about taxes and what info is on a 1040?

Comment_arrow

lyn

10:21 am on Wednesday, August 8, 2012

FYI-
Course IRA 101 - Your IRA balance is NOT just a total of annual contributions to a savings account!

Comment_arrow

lyn

10:50 am on Wednesday, August 8, 2012

Your question shows that you lack much knowledge of taxes. So, just what do you hope to do with the tax returns once you see them? You obviously lack the ability to analyze them. Of course you will see big numbers - but will you be able to properly interpret them?

Brandon Scullion

10:55 am on Wednesday, August 8, 2012

all I am hearing is Blah Blah Blah Blah. Your wrong, I'm right. Blah blah blah blah.

Reply

tom m

2:20 am on Thursday, August 9, 2012

WAIT ......new and better news story on huffington post .......Mitt Romney Started Bain Capital With Money From Families Tied To Death Squads

Reply

Meadow Lane

11:10 am on Thursday, November 22, 2012

Has anyone, this week, been seeking out Mitt Romney’s views on the Gaza crisis? Have there been calls to put him on a plane and have him sit down with Benjamin Netanyahu or Mohamed Morsi, and sort things out? Hillary Clinton handled that instead, and we seem to have a ceasefire.

The urgent questions about Romney have been whether that was really him, photographed blurrily, pumping his own gas, or what he and Ann thought of Jacob imprinting on Renesmee in the new “Twilight” movie—which they saw over the weekend—and which vampire coven reminded them most of the Republican primary field.

Last month, Romney was talking about the near-psychic bond he had with Netanyahu; that may have been nice for them, but it hardly seems to matter anymore to anyone else. By the time there was a ceasefire deal, on Wednesday, the Romney radar was alive to reports of a trip to Disneyland with his wife and grandchildren.

There's lots to celebrate this Thanksgiving. At the TOP of my list is that THIS TURKEY was not elected...

Go Obama! Onward and upward!

Read more: http://www.newyorker.com/online/blogs/comment/2012/11/romneys-republican-disneyland.html#ixzz2Cy3grAfZ

Reply

Leave a comment