Monday, October 29, 2012

Romney and charitable giving:

This is a moderately complicated report from Bloomberg about how Romney's "giving" to one particular charity was essentially a means of evading capital gains taxes.  If the charitable trust is set up just right, and it appears to the case for Romney, then the end result is a complete payback to Romney of the gift plus whatever growth occurred.  What does the charity get?  Close to nothing.


Increadibly Mitt Romney chose Glenn Hubbard as his chief economic adviser! (click to see video)

By Blogger Representative Press, at 10/29/2012 12:59 PM  

Imagine the loopholes that might be revealed if R-MONEY released more than 2 years of his tax returns, outnumbering the Olympic Rings

By Blogger Shag from Brookline, at 10/30/2012 4:27 AM  

Post a Comment