Saturday, September 22, 2012

Romney Could Get Large IRS Check if He Loses

Since Romney engineered his tax rate to make it look like he's not taking advantage of loopholes and not paying his fair share, he could get a big government check post election.
Romney and his wife gave $4 million to charities, much of it to the Mormon Church, but deducted only $2.25 million. Had they deducted all of their donations to charity, their tax rate would have been 10.55%, which would have caused Romney political headaches, so he decided to forgo part of his donations. However, win or lose, after the election he is free to file an amended return claiming the full deduction, in which case IRS will cut him a check. More at Electoral-Vote
Romney's tax return shows further engineering:
the governor recently sold off investments in the Chinese online-video company Youku, a Chinese version of YouTube. The site was launched in 2006 and quickly became a haven for downloading illegal American content. The site has been trying to repair its image as a piracy portal since lawsuits have caused them to remove unauthorized content. Buzzfeed