Son of Boss

[Benny B]

Reporter:
"Was there ever any year where you paid lower than the 13.9%?"

Mitt Romney:
"I haven't calculated that. I'm happy to go back and look."

Voiceover:
"Did Romney pay 10% in taxes? 5%? Zero? We don't know."

"But we do know that Romney personally approved over $70 million in fictional losses to the IRS as part of the notorious Son of Boss tax scandal. One of the largest tax avoidance schemes in history."

"Isn't it time for Romney to come clean?"

Romney didn't earn anything.   He waged a dishonest campaign and outspent everyone 20 to  1

Romney is the foil.      Anyone not seeing that is delusional.   Romney s a piece of shit.   

Because they know Romney is a time bomb waiting to blow that will give Obama a second term on a platter.

I fucking hate romney. 

Ann Coulter is right. 

Romney's campaign is a complete mess.

[Benny B]

In February, Bloomberg News reported on Romney's role as head of Marriott's audit board, including his approval of the "Son of Boss" transactions.

    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.

[Coach is Back!]

Here for your daily pwning? haha.

[Coach is Back!]

Pwn #1


http://washingtonexaminer.com/non-union-delphi-retirees-attack-obama-about-killing-their-pensions-while-protecting-unions/article/2504337#.UCQqDKDYGJU

[El Diablo Blanco]

Anne Coulter spouts lots of shit but when she bashes Romney you quote it.  Really?

[funk51]

     don't mess with the boss

[Straw Man]

Reporter:
"Was there ever any year where you paid lower than the 13.9%?"

Mitt Romney:
"I haven't calculated that. I'm happy to go back and look."

Voiceover:
"Did Romney pay 10% in taxes? 5%? Zero? We don't know."

"But we do know that Romney personally approved over $70 million in fictional losses to the IRS as part of the notorious Son of Boss tax scandal. One of the largest tax avoidance schemes in history."
"Isn't it time for Romney to come clean?"

This is why Romney won't release his taxes (IMO)

He cheated and got caught

[Soul Crusher]

FactCheck.org calls 'low blow' new Obama 'Son of Boss' attack ad
cnn.com ^ | August. 10, 2012 | Ashley Killough
Posted on August 10, 2012 8:50:20 PM EDT by Free ThinkerNY

(CNN) – An independent fact-checking group, FactCheck.org, claimed Friday that a new Obama campaign ad attacking Mitt Romney over a tax avoidance scandal is "badly misleading."

"The Obama campaign strikes another low blow with a TV spot accusing Mitt Romney of 'personally' approving a notoriously abusive tax-avoidance scheme and suggesting he may have paid 'zero' tax," the FactCheck.org article states. "That's badly misleading."

The spot, released Thursday by the president's re-election campaign, points to an op-ed by two tax experts who claim Romney was involved with the reporting of a $70 million fictional tax loss when he served on the board of Marriott International from 1993 to 1998.

"During that period, Marriott engaged in a series of complex and high-profile maneuvers, including 'Son of Boss,' a notoriously abusive prepackaged tax shelter that investment banks and accounting firms marketed to corporations such as Marriott," states the op-ed, which was published this week on CNN.com.

The authors –Peter C. Canellos, former chair of the New York State Bar Association Tax Section, and Edward D. Kleinbard, former chief of staff of Congress's Joint Committee on Taxation–wrote that the "Son of Boss" tax shelter marked "perhaps the largest tax avoidance scheme in history" and cost the U.S. "billions in lost corporate tax revenues."

While Romney did not face criminal charges, unlike others linked to the scandal, the authors wrote "his endorsement of this stratagem provides insight into Romney's professional ethics and attitude toward tax compliance obligations."

But FactCheck.org said Friday that Marriott wasn't the only company involved in the "Son of Boss" scheme.

(Excerpt) Read more at politicalticker.blogs.cn n.com ...

[Hugo Chavez]

There's nothing in the actual ad that's false.  Factcheck can call it a low blow but they can't call it a lie. 

[Straw Man]

There's nothing in the actual ad that's false.  Factcheck can call it a low blow but they can't call it a lie. 

Willard can easily prove it's  a lie

let's hope he monitors gb.com and has access to this vital information

[Hugo Chavez]

I gotta lol a little at the factcheck review.  BUT Marriot wasn't the only company using the Son of Boss scheme!...  OH lol.. well that makes it ok haha....

[Soul Crusher]

I gotta lol a little at the factcheck review.  BUT Marriot wasn't the only company using the Son of Boss scheme!...  OH lol.. well that makes it ok haha....

LMFAO.