2016 Postmortem
Related: About this forumBusinessweek: A Photo Guide to Mitt Romney's Tax Breaks
http://www.businessweek.com/slideshows/2012-07-30/a-guide-to-mitt-romneys-tax-breaks#slide1Jeff In Milwaukee
(13,992 posts)When you're the Republican candidate and Businessweek is busting on you, you're in trouble.
jade3000
(238 posts)Why would they go out of their way to bust on him? Bad sign for Romney.
DCKit
(18,541 posts)
Rafalca
This is no hobby horse. Ann and Mitt Romney classified their Olympic dressage contender, Rafalca, as a business in 2010 (the one income tax-year filing Romney has made public). Of its more than $77,000 in losses, though, the Romneys were only able to take a deduction of $50.
progressivebydesign
(19,458 posts)man... I can see why the guy won't release his returns. People are going to see how little that fucker paid. I mean how much income must you have to deduct 673k in State Income tax??? And he gets to DEDUCT his taxes on his offshore money? And the little people worry about getting audited, this guy is unbelievable.
Takes a 77k loss on the "therapy" horse. But.. even tho they say he took a "$50.00" deduction on that, from my experience, it means that he got deductions somewhere else on that business.
By being a complete dick and not releasing his returns, now if they do come out (people will be picking over them.)
And the media needs to ask WHY he's not releasing 2011, even. What a crook.