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Author Topic: The Party's Over! Bain Capital Under Investigation For Tax Evasion  (Read 3740 times)

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Offline Freeper

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The Party's Over! Bain Capital Under Investigation For Tax Evasion
« on: September 02, 2012, 10:32:24 AM »
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kpete (35,749 posts)

The Party's Over! Bain Capital Under Investigation For Tax Evasion


 
Last edited Sat Sep 1, 2012, 11:36 PM USA/ET - Edit history (1)

ROMNEY’S FORMER COMPANY UNDER INVESTIGATION FOR TAX EVASION | Bain Capital, the private equity firm founded by presidential candidate Mitt Romney, is under investigation for questionable tax practices, according to the New York Times. Since July, New York Attorney General Eric Schneiderman has been issuing subpoenas to private equity firms including Bain, which he believes intentionally changed management fees into capital gains as a way of hanging onto millions of dollars that would have otherwise been taxed at a higher rate. Bain alone is estimated to have saved “more than $200 million in federal income taxes and more than $20 million in Medicare taxes.” It is unclear whether the tax strategy was used while Romney was at the helm of the company, but the Times reports that Romney is still making money on funds that are using the method in question. A lawyer who handles Romney’s money says he “can confirm that neither he nor the trust has ever done this, whether before or after he retired from Bain Capital.” Still, little is known about Romney’s finances, except that he makes a windfall on capital gains each year, since he has refused to release his tax returns.

http://thinkprogress.org/politics/2012/09/01/787661/romneys-former-company-under-investigation-for-tax-evasion/
http://www.nytimes.com/2012/09/02/business/inquiry-on-tax-strategy-adds-to-scrutiny-of-finance-firms.html?_r=1&pagewanted=all
http://www.dailykos.com/story/2012/09/01/1126874/-TP-Bain-Capital-Under-Investigation-For-Tax-Evasion
122

      

http://www.democraticunderground.com/10021252215

So they admit it is unclear whether this happened when Romney was there or not, yet they still push this as a scandal for Romney.

And of course they had to bring this up,
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Still, little is known about Romney’s finances, except that he makes a windfall on capital gains each year, since he has refused to release his tax returns.


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nanabugg (1,691 posts)
12. Freeper brains will explode because they won't understand any of this. nt

Yeah cuz we be dumb and shit, we don't realize the genius of 0bama's economic plans.  :mental:

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SugarShack (1,158 posts)
13. I hope they hound him for this! No respect for those who don't pay taxes.

Like they hounded Geitner? Oh wait they put him in charge of the IRS.

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Doc_Technical (1,676 posts)
49. I'm going to sit here and hold my breath

until executives of Bain Capital are arrested,
tried, convicted, and sent to prison.

Aren't most of them not only dems, but donors to 0bama?

Here we go folks another Romney is toast moment brought to you by the moonbats of DU.

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Offline Mr Mannn

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #1 on: September 02, 2012, 10:34:14 AM »
And when all charges are dropped ala Sheriff Joe, what will they do then.
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Offline Undies

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #2 on: September 02, 2012, 10:43:35 AM »
Sorry, DUmmies.  The folks you want to convince aren't buying this one-sided crap at all.  The Romneys look and act like Mormons, not crooks.  There is no "There" under their rugs. 

OTOH, the Obama Dogsled Team is ripe with dirty, filthy, immoral trash that looks like dirty, filthy, immoral trash whose rugs are stained with the urine of lies and deceit.

Keep wishin' & Hopin', DUmbasses.
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Offline JohnnyReb

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #3 on: September 02, 2012, 11:01:36 AM »
I hope they use the same fine toothed comb they used to investigate the black congresscritters who didn't pay taxes. :whatever:
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Offline NHSparky

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #4 on: September 02, 2012, 11:04:19 AM »
And the Democrat Kool-Aid drinker Warren Buffet is on the hook for HOW MUCH again, DUmmies?

Not "possibly", not "could be", IS ON THE HOOK.  As in the IRS investigated and called bullshit on Buffet.  And yet you say nothing of this, not to mention the fact he's been fighting this for YEARS.  I thought patriots paid more taxes?
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Offline obumazombie

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #5 on: September 02, 2012, 03:28:46 PM »
When libs use this tactic, more often than not they succeed. Look at what they did to Sarah Palin. Incessant frivolous lawsuits caused her to have to resign as Governor.
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Offline Kyle Ricky

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #6 on: September 02, 2012, 03:33:07 PM »
Attorney General Eric Schneiderman is a democrat who supports obama. So of course he would do this. It is a typical tactic to try and force Romney to release his taxes.

And the line where NYT says that Romney hasn't released his taxes yet shows that they are on the side of obama. Then it has always been known that the NYT are the second PR wing (Next to MSNBC) for the Dems.
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Offline obumazombie

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #7 on: September 02, 2012, 03:43:39 PM »
Quote from: Kyle Ricky on September 02, 2012, 03:33:07 PM
Attorney General Eric Schneiderman is a democrat who supports obama. So of course he would do this. It is a typical tactic to try and force Romney to release his taxes.

And the line where NYT says that Romney hasn't released his taxes yet shows that they are on the side of obama. Then it has always been known that the NYT are the second PR wing (Next to MSNBC) for the Dems.
The outgoing NYT ombudsman as much as says the same thing.
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Offline jukin

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #8 on: September 02, 2012, 04:08:45 PM »
Looks like Romney only has about 24 business hours.
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Offline RobJohnson

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #9 on: September 02, 2012, 04:17:35 PM »
Quote from: jukin on September 02, 2012, 04:08:45 PM
Looks like Romney only has about 24 business hours.

 :lmao:
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Offline J P Sousa

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #10 on: September 02, 2012, 04:29:13 PM »
Funny how the dummies don't care how Bain helps Obama.


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 One of Obama’s top campaign financiers —Jonathan Lavine — is also managing director at Bain, bundling between $100,000 and $200,000 in contributions for the 2012 Obama Victory Fund, according to estimates released by the Obama campaign.


http://abcnews.go.com/blogs/politics/2012/07/romney-camp-calls-obama-taking-bain-donations-height-of-hypocrisy/
  
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Offline formerlurker

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #11 on: September 02, 2012, 04:48:16 PM »
Quote
New York Attorney General Eric Schneiderman has been issuing subpoenas to private equity firms including Bain, which he believes intentionally changed management fees into capital gains as a way of hanging onto millions of dollars that would have otherwise been taxed at a higher rate.

The average voter ABSOLUTELY understands this.    There will be outrage.   There will be indictments.    :rant: :rant: :rant:...



... or not.   We will know for sure in 24 business hours.    :stoner: 'em if you got 'em. 
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Offline RobJohnson

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #12 on: September 02, 2012, 05:16:54 PM »
Quote from: formerlurker on September 02, 2012, 04:48:16 PM
The average voter ABSOLUTELY understands this.    There will be outrage.   There will be indictments.    :rant: :rant: :rant:...



... or not.   We will know for sure in 24 business hours.    :stoner: 'em if you got 'em. 

 :ohnoes: :ohnoes: :ohnoes:
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Offline Bodadh

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #13 on: September 02, 2012, 06:12:36 PM »
So.....does this mean Mitt has toasted frog legs?


Man, DU speak is weird!  :p
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Offline Kyle Ricky

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #14 on: September 02, 2012, 06:16:49 PM »
Did someone say frog legs?


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Offline SSG Snuggle Bunny

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #15 on: September 02, 2012, 07:55:04 PM »
NYAG Schneiderman is in his own puddle of shit.

A dem state congresscritter sexually harrassed 2 females and then got a $100k slush fund to settle with them out of court.

That slush fund was TAXPAYER MONEY!

And Schneiderman's office help set it up:

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Meanwhile, Attorney General Eric Schneiderman is trying to wiggle out of any responsibility for the secret payout. That won’t be easy because an e-mail trail shows his office helped Silver craft the agreement and the confidentiality clause.

It counts as big news that the Attorney General’s Office played any role in conspiring to hide from taxpayers such seedy deals. Are there other cases we should know about?


Read more: http://www.nypost.com/p/news/local/shhh_hits_the_fan_for_albany_dems_qyeHmTih6muGCISU1g9RUN#ixzz25MamgErB

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Offline sunsettommy

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #16 on: September 02, 2012, 08:17:10 PM »
Thinkprogress

Daily Kos

New York Times

 :lmao:
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Offline Kyle Ricky

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #17 on: September 02, 2012, 08:31:07 PM »
Quote from: sunsettommy on September 02, 2012, 08:17:10 PM
Thinkprogress

Daily Kos

New York Times

 :lmao:

Three of the main liberal sources of information. With MSNBC falling in there also.
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Offline obumazombie

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Re: The Party's Over! Bain Capital Under Investigation For Tax Evasion
« Reply #18 on: September 02, 2012, 10:06:58 PM »
I like the 24 business hours tag. I just haven't as of yet figured how to run with it and spin the odometer on it. Not like I have with toast, and legs, and tide. Now those have rung up some mileage.
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