Categorized | USA

Mittpocalypse: Rmoney

NOVANEWS

by mantiqaltayr

 

It’s voting machine day.  But I digress.

Mitt has lots of money, hell it’s actually part of his name Romney, which is kinda cool, well sort of.  Soon he’ll  have even more, you’ll have even less, but he’ll have more and that’s what counts.

The quote above is of an interpretation, not a direct quote. Rmoney is doing pretty well though. Once he gets the job, imagine how much more he can make while he destroys what’s left of the social safety net.

This NYT article has some interesting information for you to think about as you go to the voting booth and possibly vote using a machine that Rmoneyowns.

Note to Shas Party members, red highlighting is mine.

“Many of the details of the Romneys’ wealth — estimated at $250 million — remain hidden, partly because Mr. Romney has released only the last two years of his tax returns. Those returns show an effective tax rate of about 14 percent, because most of the earnings came from investments and are taxed at 15 percent, significantly lower than rates on ordinary income.”

I like this quote:

“The sophisticated tax strategies of Bain and other private equity firms begin with the basic architecture of their funds. Though headquartered in Boston, Bain and its credit affiliate, Sankaty Advisors, have set up at least 137 entities in the Caymans, using local lawyers and others who provide an islands address for paperwork purposes.”

As he guts social security and medicare, you can sleep well at night knowing that Rmoney’s personal retirement account is valued at a cool 21 MILLION dollars.  Oh, I’m sorry that was a mistake. My bad. The LOWEST estimate is 21 million dollars, it might be as high as 102 million dollars.

“Individual retirement accounts, as tax-exempt entities, are subject to the “unrelated business income” tax. But people familiar with Mr. Romney’s investments said his I.R.A., which is managed by an independent trustee and is estimated to be worth between $21 million and $102 million, used offshore blockers to avoid the tax. ”

 

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