ST Alpha - "At this point, I have to believe there's something severely politically damning (though almost certainly 100% legal) in them. " (Reading a Post)

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At this point, I have to believe there's something severely politically damning (though almost certainly 100% legal) in them.

Posted by ty97 Aug 1 '12, 09:42

Why would he keep taking the hits otherwise?

Responses:

Is he going to change his advisors after the convention? - amoxy Aug 1, 09:54 1
- "Kiss my ass, this is a holy site." -- nm - con_carne Aug 1, 09:55
there has to be. - Mel Profit Aug 1, 09:50 14
- One theory is that he's much richer than he's let on and the vast amount of it is overseas and he doesn't pay taxes on it. Not $250 million rich, but - jnine Aug 1, 10:05 13
  - but surely overseas stuff wouldn't show up on this taxes? I thought that was the point. -- nm - loosilu Aug 1, 10:11 4
    - The returns he already released showed some type of information that allowed people to calculate how much money he was earning overseas from investmen - jnine Aug 1, 10:18
    - Legally, you're taxed on all of your worldwide income as a US citizen. That's the issue with Swiss banking accounts. - spamlet Aug 1, 10:17 1
      - Maybe he was part of the settlement in 2009 for earlier years and undeclared bank accounts. That's another possibility. - spamlet Aug 1, 10:19
    - yeah, this is my question. spam?? -- nm - Huan Van de Camp-Jiminez Aug 1, 10:12
  - I think it could be something as simple as him being under pressure from his rich friends to not release them because - con_carne Aug 1, 10:09
  - Ok, tax dodgy aside an extra zero would also be hugely damaging. -- nm - Mel Profit Aug 1, 10:09
  - If he's not hiding shady behavior, he's a moron for not releasing them. (nm) - musubi Aug 1, 10:09 5
    - unless there's an extra zero in there somewhere... - Mel Profit Aug 1, 10:10 4
      - Exactly. So he's a billionaire instead of millionaire. So long as he's paying his taxes, it changes nothing in his narrative. - musubi Aug 1, 10:13
      - the fun part is that until he reveals it, we can make up more and more outlandish reasons. -- nm - Reagen Aug 1, 10:13 2
        
        You mean like the deuctions he's taking for his 10 other children from his 3 other sister wives? -- nm - jnine Aug 1, 10:26
        
        I think that was Reid's purpose. - Mel Profit Aug 1, 10:16
[deleted] 2
- See below. I wonder if he got caught up in the BOSS or Son of BOSS stuff when he sold his interest in Bain. - spamlet Aug 1, 09:48 1
  - [deleted]
i am starting to think he made some tax decisions that were not considered illegal at the time, but since then the IRS has said - tRuMaN (hello?) Aug 1, 09:43 23
- if you care, here is a forbes article from 2005 about the IRS and these types of things. -- (link) - tRuMaN (hello?) Aug 1, 10:04
- This makes sense. When he left Bain was smack in the middle of height of the tax "creatvity" period on gains. - spamlet Aug 1, 09:47 21
  - tell me what that is? (I should know, I'm sure. I'm dim.) -- nm - Huan Van de Camp-Jiminez Aug 1, 09:52 12
    - here is a quick summary based on something i have here - tRuMaN (hello?) Aug 1, 09:57 6
      - sneaky -- nm - decline Aug 1, 10:00 5
        
        the really complicated versions used multiple corporations/etc on each side - tRuMaN (hello?) Aug 1, 10:01
        
        [deleted] 3
        
        oddly, no, that was from a newsletter thing we got a while back - tRuMaN (hello?) Aug 1, 10:02 2
        
        [deleted] 1
        
        i have a feeling it was the site copying the info - tRuMaN (hello?) Aug 1, 10:05
    - There were a lot of lawyers and accountants that figured out ways to follow the letter of the law and generate large losses for people that needed it. - spamlet Aug 1, 09:56 3
      - This one is potentially interesting because of the discrepancy in timing of when he left Bain. - spamlet Aug 1, 09:59 2
        
        thanks, I'll read these while I'm waiting for my car to be assessed this afternoon. -- nm - Huan Van de Camp-Jiminez Aug 1, 10:03 1
        
        These are the smart people, not the crazy people. If you want crazy (and frankly easier to read) there's the Tax Protester FAQ -- (link) - spamlet Aug 1, 10:07
    - [deleted]
  - [deleted] 6
    - it wasnt really legal, it just wasnt illegal until the IRS ruled on it. -- nm - tRuMaN (hello?) Aug 1, 09:53 5
      - [deleted] 4
        
        After retroactive retirement, why not retroactive legality? (nm) - musubi Aug 1, 09:57 2
        
        [deleted] 1
        
        I retroactively change my post to that wording. (nm) - musubi Aug 1, 10:02
        
        "WE WERE ON A BREAK!" -- nm - oblique Aug 1, 09:55
  - or multiple versions of those. -- nm - tRuMaN (hello?) Aug 1, 09:49

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At this point, I have to believe there's something severely politically damning (though almost certainly 100% legal) in them.

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