Follow the Money, But Bring Your Passport
“Tax analysts say Romney may have good reason to be reluctant to release his returns. His vast fortune is invested in dozens of funds linked to Bain Capital LLC, the powerhouse private equity firm he co-founded and led for 15 years. Several Bain funds have offshore connections and take advantage of tax breaks used only by the U.S. financial elite.” [Reuters, via Political Wire]
I think we’re going to find that the guy’s effective tax rate is closer to 10%, maybe even 5%.
It’ll put his plans to lower taxes on the rich in a whole new light (if the 15% revelation hasn’t already).
@Serolf Divad: I’m thinking we’re going to get an interesting public lesson in private finance. It’s well beyond Mitt As One Percenter, or Mitt as Fifteen Percenter. It’s Ned Beatty lecturing Peter Finch.
I’m mad as hell and may I have another, sir.
JNOV • Hanging by a Thread @nojo: yeah. I had a feeling you’d say that.
NOJO • Hanging by a Thread @JNOV: Haven’t touched a thing — checked it the other day, worked from here. But that’s my…
JNOV • Hanging by a Thread Oh! My edits worked! Praise nojo!
JNOV • Hanging by a Thread Glad you’re feeling sunny. I have my moments which are then squashed by some shitheads’…
NOJO • Hanging by a Thread @nojo: The Long View: 1972: Nixon 61% 1984: Reagan 59% 2004: Bush 51% 2024: Trump 50%…
NOJO • Hanging by a Thread Power is power, but… About 11 million votes remain to be counted. Nate Silver (I know, I know)…
JNOV • The Values We Profess Yeah. So. When my kid came back from basically getting frog-marched from a store downtown (the…
JNOV • The Values We Profess @nojo: We love you! I was thinking, even though we don't truly celebrate x-mas, some people in…
NOJO • The Values We Profess @nojo: Also, I love saying stuff like “heading uptown”. Brooklyn is fun!
NOJO • The Values We Profess @JNOV: Speaking of which, I'm heading uptown this afternoon to film some stuff with him, including…