and they're not going to let up. you won't believe this ad.
[video=youtube;DABbkpHzg3o]http://www.youtube.com/watch?v=DABbkpHzg3o[/video]
[video=youtube;DABbkpHzg3o]http://www.youtube.com/watch?v=DABbkpHzg3o[/video]
Obama team has Romney on the ropes
- Thread starter JuliefromOhio
- Start date
Mutt Romney is a wealthy corporate raider....He has learned how to game the system to pay little or no taxes.....He and his "kind" have amassed a huge amount of wealth in the last 30 years...These arrogant ass holes care nothing for working middle class America...They are motivated by greed and self-interest...Now the Republican party wants this babbling fool to be President of the United States.....to continue their fleecing of America.......Thankfully...They will be defeated
but to talk about son of BOSS? wow. that's some hardball.
"One of the companies accused of abusing "Son of BOSS" tax shelter schemes has been Marriott Corporation. In Marriott International Resorts, LP, et al. v. United States, the "Son of BOSS" loss was the planned result of a series of transactions entered into by Marriott-affiliated entities with the intention of recognizing a tax loss based upon the premise that the obligation to close a short sale is not considered a liability for partnership-tax-basis purposes. The Internal Revenue Service took issue with this premise and disallowed the claimed loss.[4]
The federal appeals court invalidated the maneuver by Marriott in a 2009 ruling, siding with the U.S. Department of Justice, which called Marriott’s transaction and attempted tax benefits “fictitious,” “artificial,” “spectral,” an “illusion” and a “scheme.” Marriott had argued the plan predated government efforts to close such shelters.[4]
Mitt Romney who joined the company’s board in 1993, headed the audit committee for Marriott when it began to use the "Son of Boss" tax shelter until 1998. As a Marriott director, his responsibilities included oversight over the tax planning conducted by management.[5]
wiki
"One of the companies accused of abusing "Son of BOSS" tax shelter schemes has been Marriott Corporation. In Marriott International Resorts, LP, et al. v. United States, the "Son of BOSS" loss was the planned result of a series of transactions entered into by Marriott-affiliated entities with the intention of recognizing a tax loss based upon the premise that the obligation to close a short sale is not considered a liability for partnership-tax-basis purposes. The Internal Revenue Service took issue with this premise and disallowed the claimed loss.[4]
The federal appeals court invalidated the maneuver by Marriott in a 2009 ruling, siding with the U.S. Department of Justice, which called Marriott’s transaction and attempted tax benefits “fictitious,” “artificial,” “spectral,” an “illusion” and a “scheme.” Marriott had argued the plan predated government efforts to close such shelters.[4]
Mitt Romney who joined the company’s board in 1993, headed the audit committee for Marriott when it began to use the "Son of Boss" tax shelter until 1998. As a Marriott director, his responsibilities included oversight over the tax planning conducted by management.[5]
wiki
TwoWitnesses
Mayor
Learn something new every day - http://en.wikipedia.org/wiki/Son_of_BOSS
wiki is quoting Bloomberg reporting from Feb.
"During Romney’s tenure as a Marriott director, the company repeatedly utilized complex tax-avoidance maneuvers, prompting at least two tangles with the Internal Revenue Service, records show. In 1994, while he headed the audit committee, Marriott used a tax shelter known to attorneys by its nickname: “Son of BOSS.”
A federal appeals court invalidated the maneuver in a 2009 ruling, siding with the U.S. Department of Justice, which called Marriott’s transaction and attempted tax benefits “fictitious,” “artificial,” “spectral,” an “illusion” and a “scheme.” Marriott had argued the plan predated government efforts to close such shelters.
Employing another strategy, Marriott legally avoided hundreds of millions of dollars in income taxes thanks to a federal tax-credit program criticized and allowed to expire by Congress. Marriott has also shifted profits to a Luxembourg shell company. During Romney’s years on the board, Marriott’s effective tax rate dipped as low as 6.8 percent, compared with the federal corporate statutory rate of 35 percent.
http://www.bloomberg.com/news/2012-...arriott-son-of-boss-tax-shelter-defy-irs.html
"During Romney’s tenure as a Marriott director, the company repeatedly utilized complex tax-avoidance maneuvers, prompting at least two tangles with the Internal Revenue Service, records show. In 1994, while he headed the audit committee, Marriott used a tax shelter known to attorneys by its nickname: “Son of BOSS.”
A federal appeals court invalidated the maneuver in a 2009 ruling, siding with the U.S. Department of Justice, which called Marriott’s transaction and attempted tax benefits “fictitious,” “artificial,” “spectral,” an “illusion” and a “scheme.” Marriott had argued the plan predated government efforts to close such shelters.
Employing another strategy, Marriott legally avoided hundreds of millions of dollars in income taxes thanks to a federal tax-credit program criticized and allowed to expire by Congress. Marriott has also shifted profits to a Luxembourg shell company. During Romney’s years on the board, Marriott’s effective tax rate dipped as low as 6.8 percent, compared with the federal corporate statutory rate of 35 percent.
http://www.bloomberg.com/news/2012-...arriott-son-of-boss-tax-shelter-defy-irs.html
SandyinTex
Mayor
Where in the HELL are all these goddamned Cons who are so phucking outraged about people not paying taxes? I'll tell you where they are...they're squealing to high heaven to give these crooks even more tax breaks and that is just what in the hell Romoney is going to do if elected...give himself another HUGE tax cut and laugh all the way to the bank.
Bloomberg reported back in Feb. we may have missed it, but the Obama team sure didn't.
http://www.bloomberg.com/news/2012-...arriott-son-of-boss-tax-shelter-defy-irs.html
NCmusicman
Governor
Romney will eat Obama's lunch... Obama is a dunce and acts like a young street thug - Not A President.
RedCloud
Mayor
I'm an Atheist, but am tempted to pray to "something" that you are right.
OldGaffer
Governor
You forgot your hat again, didnt you?
YouCantHandleDaTruth
Governor
I think I just saw 3 national polls with rMOney in the low 40s nationally....that's a good thing
new polls: FoxNews has Obama up by 9, CNN and Ipsos both have Obama up by 7.
YouCantHandleDaTruth
Governor
fvckin wow!!!!!!!!!!!!!!!!
FAUX news has the guy in the low 40s nationally?!?!
Damn, that must mean in the swing states he's getting mud stomped...
No wonder these traitorous bastards want to reduce the ability of Americans to vote in urban areas.
Traitorous bastards
YouCantHandleDaTruth
Governor
NC, conservative are the thug life in regards to American values..
They're trying to reduce the ability of Americans to vote in the name of non existent wide spread voter fraud...
That's dictator, most dictators are thugs...
Regards
