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economic justice | media criticism

Has Romney Paid His Fair Share of Taxes? Some Thoughts From Bloomberg and Others

Presidents are supposed to be leaders. In the case of John F. Kennedy, that meant giving his not-so-enormous salary back to the country because as he said "he didn't need it." In the case of somebody wanting to be President, it should require--at a minimum that his background be somewhat exemplary. In the case of Romney, he has been found to have shielded $231 million of investor money from legitimate taxation, bought 3 Cayman Islands and now.. probably not paying taxes. There are many other questions about Romney that bear answering like where was he really born and does he observe ANY of the LAWS that he is so anxious to make the rest of us obey?
Has Romney paid his fair share of taxes? That is a question that is on many minds this week. Sure - we all want to pay as little tax as possible and still stay within the legal limits, but it doesn't look good if you make $60M on a deal and not pay a cent in tax. ESPECIALLY if you are running for President!

That is the claim in an article on Bloomberg yesterday:

Romney Persona Non-Grata in Italy for Bain's Deal Skirting Taxes
 link to www.bloomberg.com

"Bain funneled profits through subsidiaries in Luxembourg, a common corporate strategy for avoiding income taxes in other European countries, according to documents reviewed by Bloomberg News."

Is it legal? Maybe. Is it something that someone running for President wants out there in the public debate..NO WAY!

And how many more "structured transactions" has Romney had with his accounts in Switzerland, Bermuda or the Cayman Islands?

Inquiring minds want to know.

But of course I think it's all part of the plan. Part of the Good Guys election strategy I outlined back in January:

SPECIAL REPORT: The "Good Guys" Election Strategy

It's amazing how accurate this report has turned out to be so far...awaiting the grand conclusion where Romney drops out and Ron Paul is the Republican nominee.

Stay tuned folks. Liberty is just around the corner!

May the Road you choose be the Right Road.

Bix Weir

PS - That Palin Endorsement prediction I made last year is STILL up for grabs. Who'd a thunk it?! :-)