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What Else Is Mitt Romney Hiding Besides His Taxes?

January 20, 2012 RSS Feed Print

What I've learned this week:

Former Gov. Mitt Romney is refusing to release his tax returns to the American people until April. Big surprise. We always hold things from others we want to hide. But what will we find that we don't already know? That Mr. Romney is the upper 1 percent of the 1 percent? And it's not the 2011 tax return we're concerned with, it's the returns for those years Mr. Romney was at Bain Capital; how much did he make? And could he have taken a smaller paycheck to save 150 jobs in South Carolina, or 185 jobs in Buffalo, N.Y., or a couple of hundred jobs in Indiana...

[See a collection of political cartoons on Mitt Romney.]

The Cayman Islands isn't just a great place to vacation, scuba dive, or visit Stingray City, it's also a great place for rich people to hide their money, tax free! Well, I wouldn't know that being that I'm not rich; but Americans should.

Americans should know whether Mr. Romney, who tells us he wants to run our country if elected like he ran his businesses in the private sector, wanted to give back and help stimulate the American economy by avoiding further taxation keeping his funds in hiding in the Caribbean. I'm sure the people of the Cayman Islands are quite pleased that Mr. Romney has contributed to job growth there.

For the voter, it can't just be about "anyone but Obama." It has to be about the best choice for America. And in order to make that decision, Americans need to be informed. My thought is, if Mr. Romney was hiding his money overseas, what else is he hiding? And I'm sure in an election year, we'll find out.

Tags:
2012 presidential election,
federal taxes,
Mitt Romney

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I don't think Romney will have to hide his bith certificate, college transcripts, medical records, friendship to terrorit bomber Bill Ayres, 20 year history of listening to Rev Wrights crazy rants. Yes, lets worry about Mitt Romney's money. You Dems will be shocked when Obama gets beat just like Carter.

MICHAEL of IN 6:47PM April 17, 2012

What's he hiding?

Maybe he didn't want to embarrass Obama by comparing their donation to charities - 15% for Romney, 1% for Obama.............

How much did YOU give, Leslie?

junior of DC 10:34PM January 24, 2012

What a sleazy whack job this column is!

Nice. insinuate that Romney's Cayman accounts are illegal with zero proof.

According to the Washington Post : ( http://www.washingtonpost.com/business/economy/romneys-offshore-accounts-have-up-to-32-million-legal-tax-strategy-could-defer-payments/2012/01/20/gIQAmeBTEQ_story_1.html )

"There is no indication Romney uses the accounts to dodge any U.S. tax obligations.

The Caymans have often been associated with individuals and corporations seeking to avoid paying U.S. taxes. However, it is legal for U.S. residents to own investment accounts that are set up there — if they file the proper forms with the Internal Revenue Service and pay the appropriate taxes.

“If you file the forms and report the income, you are 100 percent legal,” said Kevin Packman, a Miami lawyer who chairs the offshore tax compliance team at the law firm of Holland & Knight.

A Romney spokeswoman, Andrea Saul, said the Cayman funds “are taxed in the very same way they would be if those funds were established in the United States.” She noted that because many of the funds are in a trust directed by a Boston lawyer, the Romneys played no role in deciding how the money was invested.

Saul said the decision to set up the funds in the Caymans was made by the funds’ sponsors — in this case, senior partners at Bain Capital, not Romney. A Bain spokesman declined to comment on the funds’ origins.

Tax experts and lawyers said using offshore funds to attract foreign investors is a legitimate and standard business practice. Increased foreign investment in a U.S. fund based abroad could increase financial returns for American investors. Offshore funds offer advantages for U.S. investors looking to diversify their portfolios and for foreign investors seeking to avoid U.S. reporting and tax-withholding requirements."

So, Romneys offshore holdings are perfectly legal, and a smart way for financial managers to attract offshore investors.

Kinda hard to find fault with that.

Typical Leslie sleazy writing.

junior of DC 2:49PM January 23, 2012

Leslie Marshall

Leslie Marshall

Leslie Marshall is a nationally syndicated radio host heard nationwide weekdays from 7-10pm Eastern time on radio and streamed live at www.lesliemarshallshow.com. Leslie is also a Fox News contributor seen weekly on The O'Reilly Factor, America Live, monthly on Hannity and she sits in for Bob Beckel as one of the co hosts on The Five. She lives in Los Angeles.

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