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Romney Touts Bain Capital Experience...blah blah blah...if only he could remember when he left Bain, how many jobs he destroyed, what's in his offshore accounts, and how much he paid in taxes over the past few years

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Floridatexan

Floridatexan

http://www.huffingtonpost.com/2012/08/23/mitt-romney-bain-capital_n_1826564.html?ref=topbar#slide=more239777

SLIDESHOW

Does this man EVER tell the truth?

Guest


Guest
One thing is certain, your desperate struggle dredging septic tanks for anything to discredit everyone but BHO is refreshing. You have apparently made it your lifes work, congratulations on aiming so low. Another thing that is certain is that BHO is a first class whopper teller, he would rather lie than eat. The truth is so inconvenient with the economic numbers and unemployment figures, the empty suit sure can't run on his record so he chooses to deflect, spin, exaggerate, and outright lie to hang onto his job. A job he has failed miserably at performing.

othershoe1030

othershoe1030
Floridatexan wrote:
http://www.huffingtonpost.com/2012/08/23/mitt-romney-bain-capital_n_1826564.html?ref=topbar#slide=more239777

SLIDESHOW

Does this man EVER tell the truth?
Gawker.com just posted over 900 pages of some kind of tax audit or something that's supposed to be about Romney's tax records. Where did they get this, I'm wondering?

Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.
Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies. They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.

http://gawker.com/5936394/the-bain-files-inside-mitt-romneys-tax+dodging-cayman-schemes

NaNook

NaNook
othershoe1030 wrote:
Floridatexan wrote:
http://www.huffingtonpost.com/2012/08/23/mitt-romney-bain-capital_n_1826564.html?ref=topbar#slide=more239777

SLIDESHOW

Does this man EVER tell the truth?
Gawker.com just posted over 900 pages of some kind of tax audit or something that's supposed to be about Romney's tax records. Where did they get this, I'm wondering?

Mitt Romney's $250 million fortune is largely a black hole: Aside from the meager and vague disclosures he has filed under federal and Massachusetts laws, and the two years of partial tax returns (one filed and another provisional) he has released, there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income. Gawker has obtained a massive cache of confidential financial documents that shed a great deal of light on those finances, and on the tax-dodging tricks available to the hyper-rich that he has used to keep his effective tax rate at roughly 13% over the last decade.
Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher). Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask). Many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies. They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.

http://gawker.com/5936394/the-bain-files-inside-mitt-romneys-tax+dodging-cayman-schemes

Othershoe,

You do know your source, "GAWKER", is based out of the CAYMAN ISLANDS? The link trails back from the CAYMAN ISLANDS to TURKEY!!!!!!

It's news, google it........I wonder if George Soros is involved?

A question, do you rely on the country of Turkey to provide you with accurate news? You seem to........

othershoe1030

othershoe1030
NaNook wrote:
Othershoe,

You do know your source, "GAWKER", is based out of the CAYMAN ISLANDS? The link trails back from the CAYMAN ISLANDS to TURKEY!!!!!!

It's news, google it........I wonder if George Soros is involved?

A question, do you rely on the country of Turkey to provide you with accurate news? You seem to........

Yes dear, the source was Gawker. The WSJ published this blog which treated the document dump as authentic. Welcome to the world of peeks from geeks. Leaking stuff the big boys don't need to have circulating among the unwashed. We better get used to it. I doubt if it is going away.

By Mark Maremont

The release of hundreds of pages of Bain Capital investor documents by the gossip website Gawker has prompted allegations that Mitt Romney might have benefited from an aggressive tax maneuver.

The operative word is “might.” And opinions are divided about just how aggressive this particular tax strategy is.

More In Bain Capital

A Clue Emerges to Romney’s Gift-Tax Mystery
Gawker Publishes Bain Documents
A Guide to the Romney-Obama Complaints
Reid Presses Attack on Romney's Taxes
Batman Movie: Some See a Bane-Bain Link
Perhaps the most interesting finding among the Gawker documents is the revelation that Bain partners voluntarily waived more than $1 billion in fees due to them from the firm’s investors. Instead, the partners converted those fees into investments in the funds they manage. The overall aim of such a strategy generally is to turn that fee income, which is taxable at 35% federal rates, into eventual capital-gains income taxable at 15% rates.

If all goes well with this type of approach, and there are risks, Bain partners theoretically could save $200 million or more in income taxes.

http://blogs.wsj.com/washwire/2012/08/24/debate-over-bain-capital-investor-documents/?KEYWORDS=Bain+documents

othershoe1030

othershoe1030
AND from CBS news MoneyWatch...

(MoneyWatch) Gossip website Gawker released 950 pages of Bain Capital records Thursday, shedding light on two controversial campaign issues: Mitt Romney's financial portfolio and the sometimes aggressive strategies used by Bain Capital, which he founded, and other private equity firms to reduce taxes that partners pay on income from their investments.

The document dump will stoke the political fires, as partisans call attention to documents such as Bain Capital Fund VII, a $515 million Cayman Island-based limited partnership in which Ann Romney has at least $1 million, according to financial disclosure forms. In the words of the writer, John Cook, the documents "reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy."

Reaction ranged from an angry Bain statement decrying the release of confidential documents to a yawn from a Fortune blogger who claimed this was old news to an accusation by a Colorado University law professor who argued that the documents revealed evidence of an illegal tax dodge. What's not in dispute: The documents show that Bain, like other private equity firms, goes to great lengths to reduce its tax liability, and they show how tax loopholes are available to wealthy investors that less affluent, salaried workers can't use.

http://www.cbsnews.com/8301-505123_162-57500221/bain-capitals-tax-breaks-are-they-legal/

Markle

Markle
As you know, former Governor Mitt Romney and Bain Capital were successful in turning 80% of the companies in dire financial straits they bought. Those companies sought out Bain for help. Gov. Romney also left Bain in 1999 in order to rescue the 2002 Winter Olympics in Salt Lake City Utah.



How many companies did President Barack Hussein Obama CLOSE just in the auto industry? Over a thousand of privately owned car dealerships along with all their employees. Hummer, Pontiac, Saturn. Who owns Chrysler so how is that an American car company?



For a list of CLOSED dealerships. (Over 100 in Florida alone)

http://www.edmunds.com/car-news/gm-dealerships-closing.html#FL



As for Bain, do you NEVER purchase a product from ANY of these companies?



The firm was founded in 1984 by partners from the consulting firm Bain & Company. Since inception it has invested in or acquired hundreds of companies including such notable companies as AMC Entertainment, Aspen Education Group, Brookstone, Burger King, Burlington Coat Factory, Clear Channel Communications, Domino's Pizza, Double Click, Dunkin' Donuts, D&M Holdings, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Staples, Toys "R" Us, Warner Music Group and The Weather Channel.

othershoe1030

othershoe1030
Do we know when Bain bought HCA? Was it before or after it got busted for Medicare Fraud?


A Huge Victory Against Medicare Fraud

Largest Department of Justice fraud settlement ever!


A Department of Justice investigation that started when an employee found questionable documents in the dumpster behind an El Paso, TX hospital ended December 14 when the largest fraud settlement in US history was announced. Attorney General Janet Reno announced the settlement in a Washington press conference, citing this as victory against those unscrupulous health care providers who would take taxpayer money that does not rightly belong to them.

In her statement, the Attorney General stated, "Under a civil settlement, HCA -The Healthcare Company will pay $745 million, plus interest, for its alleged false billing practices. And, it will pay $95 million in criminal fines.

"In addition to these fines and damages, HCA - formerly known as Columbia/HCA - has also signed a Corporate Integrity Agreement with the Department of Health and Human Services. The agreement will assure that the violations that led to this investigation in the first place are not repeated. It will also require HCA to self-report misconduct to the Department of Health and Human Services and cooperate in the ongoing investigations into the conduct of individuals."

In addition to the fines, two of HCA subsidiaries will no longer be able to participate in Medicare. HCA will also be under significant oversight with independent audits of all billing and contractual information for the next 8 years.

http://seniorhealth.about.com/library/weekly/aa121700a.htm

Sponsored content


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