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‘Legal’ doesn’t make it ‘right’



Published: Mon, August 27, 2012 @ 12:00 a.m.

‘Legal’ doesn’t make it ‘right’

The headline read, “Romney claims he paid at least 13 percent in taxes over the last 10 years.”

I was willing to bet $10,000 that Mitt got “lawyered up” before making that statement. He still is not willing to back up his words with any sort of proof. That leads me to believe that not included in his returns were earnings from his Swiss Bank Account, his Grand Cayman Bank Account or his Bahamas Bank Account which all remain under a blanket of secrecy. Was the 13 percent he paid only on those earnings that were based in the United States? Sure, it is “legal” to avoid taxes, but most would agree, it is very unAmerican.

With Mitt’s twisting and turning on the tax issue, I have to wonder if Social Security and Medicare along with other taxes we all face was included in that 13 percent. So, what we have is avoidance on the big money stashed overseas and the possibility of minimal taxes paid to the United States. It may be legal, but it is “gaming” our system of taxation.

What Mitt was saying in those missing years was that while he appreciates all the advantages of being an American citizen, he is unwilling to help support, with his taxes, everything from our national defense to college Pell Grants, the Interstate road system, and the entire American infrastructure that has given him so much.

Yes, it is legal if you can afford the lawyers and tax accountants to find the loopholes, but that does not make it right.

Ken Drombosky, Boardman


Comments

1chuck_carney(499 comments)posted 2 years, 1 month ago

Dearest Ken, Point to one tax lien filed against Mitt Romney as a result of not delaring income/earnings from his overseas accounts. These are of public records but the Democrat 'taxers" haven't been able to provide a tax lien.

The IRS is a bulldog and actively pursues tax cheats regardless of who they are.

Your statement is libelous and I am shocked the Vindy has published it.

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2ytownsteelman(631 comments)posted 2 years, 1 month ago

It is unAmerican to avoid taxes? Really??? Then every single one of us who tries to find tax deductions, who invests in 401ks, who makes charitable contributions must be unAmerican.

Come on. If you think paying 13% taxes is somehow wrong, then the way to changs that is through the tax code. The tax code is how the govt. tells citizens what their "fair share" is!

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3walter_sobchak(1922 comments)posted 2 years, 1 month ago

It is un-American to avoid taxes? I guess the opposition to the Stamp Act and later the revolt on the Tea Tax that led to the Boston Tea Party were un-American. In fact, it must have been since it was "Indians" that threw the tea overboard.

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4deckbose(4 comments)posted 2 years, 1 month ago

Ken Drombosky is 100% correct. The responses here about how common it is for average Americans to seek tax avoidance misses the point entirely. Those average Americans are not running for President. I have no doubt that Romney's tax returns pass IRS muster. Otherwise he'd have wasted all that money he spends on extravagant tax attorneys and accountants. The point is, you can't very well ask people to elect you to a position of authority over any system you have been gaming all your life. And if Romney were half as confident about the moral validity of his returns as are steelman and Mr. Sobchak here, his returns would have been released long ago and the issue would be over.

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5cambridge(3027 comments)posted 2 years, 1 month ago

Great letter Ken. The paul ryan tax plan calls for romney's capital gains tax to cut to 0%. If they get elected and the ryan tax plan becomes law does that make it right?

Why do these teabaggers want to vote against their own best interest? It's mind numbing knowing that there are that many people that stupid.

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6borylie(791 comments)posted 2 years, 1 month ago

deckbose,How are you gaming something legal,as you admit?
Is Romney's reluctance to show more than he has of his tax returns,on par with all of Pres. Obama's sealed records pertaining to his school records? You know,if Obama was half as confident about the moral validity of his school records as you are here,his school records would of been released long ago and this issue would be over.

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7redeye1(4561 comments)posted 2 years, 1 month ago

Cambridge The only stupid ones are the ones who are blinded by BO"s B.S. What has he done to help the middle class? His tax cuts that he helped to keep , not only hurt the SS program now , but also in the future. When there isn't any SS program who are you bleeding hearts going blame? You see, I look at things that might mess with my sons future. All I see is trouble if BO is re-elected. He single handly turn this great nation into a welfare state in a measly 3 1/2 yrs . What will it look like in another 4 yrs? GONE the down tubes , a third world nation.

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8jojuggie(1294 comments)posted 2 years, 1 month ago

Hey cambridge, Romney will not be the only one whose Cap Gains will be cut, so will mine be cut, and many very wealthy people will have that much more to invest. Do you have any idea how much money will be available for investment? It will be in the billions. The UAW will even benefit with their GM stock.
You and your teabaggers. Have you seen any pictures of the occupiers in Tampa? SEIU has their minions down here with the socialists, communists, and anarchists, none of whom will be voting for the Repubs

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9steven134(7 comments)posted 2 years, 1 month ago

Nancy Pelosi and her multi-millionaire husband made over 5 Million in 2010 in partnership income from Mathews International Capital Mgt, Inc. A group of investors that emphasizes that it has a "singular focus on inivesting in Asia", She is also known to have heavy investments in Moduslink Global, one of the nations largest "outsourcing pioneers".

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10VINDYAK(1799 comments)posted 2 years, 1 month ago

Steven - very good point. There are plenty of opportunities to discover tax avoiding schemes by many, many Congressmen and women, but the media chooses to avoid issues concerning Democratic politicians because it sells more papers and tv shows when they pick on Republican candidates.

We all know every American likes to save money on their taxes and we all know Mr. Romney is known for being an astute business person and investor. He did not become "rich" by accident.

The present condition of our U.S. Government's financial's is a big reason why Romney is a popular candidate for President...because he has a track record of being able to save money and turn things around.

If you happened to come across a million dollars and wanted to invest it safely, who would you ask for advice...a community organizer or a successful businessman who has invested wisely?

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11jojuggie(1294 comments)posted 2 years, 1 month ago

Brilliant post, Vindyak

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12doubled(210 comments)posted 2 years, 1 month ago

All you tea party "patriots" who claim it's so All-American to avoid paying your taxes should realize that there's a big difference in taking a deduction on your measely mortgage interest versus paying only 13% on 30 million. 13% percent is 2% LOWER than the LOWEST rate we have in our tax code. Yeah, you tea partiers are real "patriots". Your hero is a scammer and a tax dodger. And you know it. You just don't have enough guts to admit it. G. W Bush wasn't the brightest bulb in the bunch, but at least he wasn't an outright lying scoundrel like Romney is.

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13jojuggie(1294 comments)posted 2 years, 1 month ago

The tea party doesn't tax dodge. That's illegal. Romney is running against Obama - can you imagine if Romney is dodging taxes what the Obama's IRS would do to him?.

Evidently you are in love with the occupiers. You know, the occupiers who tried to burn down Oakland CA, went into Obama's headquarters there & trashed it.

The tea party is not composed of socialists, communists, and anarchists.
They are mostly Christians.

Next take a good look ,sir.

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14jojuggie(1294 comments)posted 2 years, 1 month ago

Doubled, did you hear the latest? Next Fri, at the Dem convention, they will have 2 hours of Islamic prayers. The Dems rejected a Catholic Cardinal's prayers.

Many people in the USA still feel that Obama is a Muslim and not a Christian like he says he is.

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15Politico(28 comments)posted 2 years, 1 month ago

Yo, got the proof? Your ignorance is astounding. Romney is RETIRED. He quit bringing in "earned income" in 1999. His income is interest and dividends. All dividends are taxed at 15% for EVERYONE. I'm retired. Most of my income is from dividends. I start out paying 15%. However, after deductions for the high property taxes I pay, and other normal deductions, my final tax rate last year was 8%. If your retired, OR, you have not blown every penny that washed through your hands and actually saved and took risks by investing in the stock market, YOU can do the same thing. This is not rocket science Let's not forget that the Democrats have been in charge of Congress for most of the past 60 years. Who writes the tax code? If these tax laws are so terrible, then the Obamunist and his cronies had a free ticket controlling both houses of Congress for the first two years, they could have easily changed it without one GOP vote. There's nothing to stop anyone, including all the filthy rich Democrats, from just taking out their checkbooks and writing millions of dollars extra in tax payments if they really feel so obligated to help the bloated government. Your comments are moronic.

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16jojuggie(1294 comments)posted 2 years, 1 month ago

Politico, your post is too difficult for many, on this message, to devour. From their writings, it's pretty easy to assume that many are on the dole that don't know about dividends or capital gains.

Another poster posed this question, if you had a million dollars to invest, would you a seek neighborhood organizer or a successful business man to invest that money? I don't believe he received an amswer.

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17DwightK(1263 comments)posted 2 years, 1 month ago

I don't understand what Romney is ashamed of. Being rich isn't something to be looked down upon. We all aspire to do well. I say put the tax returns out there and say "I am successful".

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18palbubba(664 comments)posted 2 years, 1 month ago

The flaming liberals should have had this much outrage when Obama Bin Laden was trying to appoint Czars that had not paid their taxes. How soon we forget, or is it blind ideology? Mitt paid 13% (millions$) they paid nothing. Please don't let the facts or fairness get in the way of your hatred of all things not Democrat.

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19jojuggie(1294 comments)posted 2 years, 1 month ago

No one has died because 0f Romney's income taxes. But you libs know that many have died because Fast & Furious including one in the US and many in Merxico.
The people involved in Fast & Furious are being sued. WHAT ARE THEY HIDING?

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20jojuggie(1294 comments)posted 2 years, 1 month ago

The Quote of the Decade:
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
~ Senator Barack H. Obama, March 2006 Pass it on 'til eternity...

(it was so nice of him to give us this great quote for posterity!) SO, USE IT!!!
Only 86% will send this on. Should be a 100%.
Please send it on if only to one person.


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21cambridge(3027 comments)posted 2 years, 1 month ago

bubba....it seems you left one word out of your comment. It should have read, "....Obama killed bin Laden...."

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22JME(801 comments)posted 2 years, 1 month ago

Try and focus Cambridge, we know your not very good smart, and like to change the subject when you have been shown up and beat!

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23jojuggie(1294 comments)posted 2 years, 1 month ago

Here is a SHOCKER

http://www.youtube.com/watch?v=MwhKuu...

His first speech is apparently just after his election to the US Senate.

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24walter_sobchak(1922 comments)posted 2 years, 1 month ago

Barack Hussein Obama; a Nobel Peace Prize winner with a kill list!

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25Politico(28 comments)posted 2 years, 1 month ago

Obama didn't kill Bin Laden. Seal Team 6 did that. Do you actually think that any President, even one as stupid as Obama couldn't make the right call. He has enough smarts not to get in their way. Actually, since it's a war, and the intelligence positively identified where he was, they should have just wacked him or captured him as part of normal mission planning. Of course, today it's a "Mother may I" military environment and our troops get punished for doing their jobs.

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26cambridge(3027 comments)posted 2 years, 1 month ago

In the 2008 elections Obama was the only candidate from either party that said he would go after bin Laden no matter what country he was in, every other candidate said they would not. bush and romney both said they would not hunt bin Laden.

If any other candidate from either party had won, bin Laden would still be alive today. That is a fact and anyone that can remember the last ten years knows it.

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27jojuggie(1294 comments)posted 2 years, 1 month ago

In the 2008 elections Obama also said he would be the most trasparent pres. in history. He also said he would reduce the natl. debt by 50 %

If any other candidate....................today. That is a fact. That is not a fact. You better look up the definition of the word FACT

You capitalize Ladin (a terrorist) but won't capitalize Romney. We know where you're coming from cambridge. Nice guy.

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28peacelover(790 comments)posted 2 years, 1 month ago

Don't forget, Cambridge, conservatives have selective memories.

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29southsidedave(4784 comments)posted 2 years, 1 month ago

Play with the IRS, and you play with fire. 13 percent in taxes is a mere pittance for Romney...I'm sure all of us paid more as a percent than he did.

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30jojuggie(1294 comments)posted 2 years, 1 month ago

Hey, SSD, maybe you're not as smart as Romney, huh?

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31cathylukasko(116 comments)posted 2 years, 1 month ago

DEMS will do anything to DISTRACT from Obama's 4 year record of DISASTER. I want a businessman who knows how to run a business, not a COMMUNITY ORGANIZER who screwed up our economy. Our children/grandchildren should NOT have to clean up OBAMA's mess !

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32cathylukasko(116 comments)posted 2 years, 1 month ago

DEMS will do anything to DISTRACT from Obama's 4 year record of DISASTER. I want a businessman who knows how to run a business, not a COMMUNITY ORGANIZER who screwed up our economy. Our children/grandchildren should NOT have to clean up OBAMA's mess !

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33jojuggie(1294 comments)posted 2 years, 1 month ago

You tell 'em Cathy. Nice going.

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34BabaGhanoush(106 comments)posted 2 years, 1 month ago

DoubleD:
"All you tea party "patriots" who claim it's so All-American to avoid paying your taxes"

Who is saying that exactly, eh?
We are saying that usurious tax rates are unamerican. Back to school with you to find out how the Revolution started.

"paying only 13% on 30 million."

That comes to 4 Million Dollars dude.
Let us know when you come close to paying that much in taxes, eh?

"13% percent is 2% LOWER than the LOWEST rate we have in our tax code."

I think you mean 2 percentage points if you're talking about the 15% tax bracket.

The lowest tax bracket is 10% dude. You might want to look things up from now on, eh?
You make far too many mistakes to be looking down your nose at anyone here.

"your hero is a scammer and a tax dodger."

Got proof do you? Then drop dime to the IRS. I'm sure they'd be wantin' to hear from you.

"G. W Bush wasn't the brightest bulb in the bunch,"

Bright enough to be the only President with an MBA.
What's your homey in the White House got that's close? Hmm?

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35BabaGhanoush(106 comments)posted 2 years, 1 month ago

Politico:
"Let's not forget that the Democrats have been in charge of Congress for most of the past 60 years. Who writes the tax code? If these tax laws are so terrible, then the Obamunist and his cronies had a free ticket controlling both houses of Congress for the first two years,"

If the dems felt so strongly about the Capital Gains Tax, they would have jacked it back up to 40% when the had the power from 2009 to 2011.

But they didn't. They squandered what little time they had.
They couldn't even pass a budget for cryin' out loud.

Let's face it, the dems are going to be tsunamied out of office in a couple of months.

1994 and 2010 are going to be repeated.

And O'Bama, and many dems, will have to get a real job, his first, after Jan. 2013.

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36cambridge(3027 comments)posted 2 years, 1 month ago

babadouche....on bush....."Bright enough to be the only President with an MBA."

He was a failure in every business venture he ever had. Ran business after business into the ground and then did the same to the country. Your first clue should be that he's from a family where they named "the smart one" jeb.

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37reallytired(84 comments)posted 2 years, 1 month ago

what business ' did he run into the ground cambridge??

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38cambridge(3027 comments)posted 2 years, 1 month ago

reallytired....Here you go.

http://alaric3rh.home.sprynet.com/sci...

http://www.zimbio.com/American+Politi...

http://en.wikipedia.org/wiki/Professi...

And now the last but certainly not the least. Scroll all the way to the bottom so you don't miss a thing.

http://politicalhumor.about.com/libra...

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39BabaGhanoush(106 comments)posted 2 years, 1 month ago

cambridge:
"babadouche....on bush....."Bright enough to be the only President with an MBA.""

So, you're denying that GW is the only president with an MBA?
Or are you minimizing the importance of having one, eh?

"He was a failure in every business venture he ever had. Ran business after business into the ground"

First of all, he used his own money, while O'Bama used OUR money and failed:

Look at Obama's investments...

Solyndra.. bankrupt!

Many more below.

Here is a list of all the clean energy companies supported by President Obama’s stimulus that are now failing or have filed for bankruptcy.

The liberal media hopes you’ve forgotten about all of them except Solyndra.

Evergreen Solar
SpectraWatt
Solyndra (received $535 million)
Beacon Power (received $43 million)
AES’ subsidiary Eastern Energy
Nevada Geothermal (received $98.5 million)
SunPower (received $1.5 billion)
First Solar (received $1.46 billion)
Babcock & Brown (an Australian company which received $178 million)
Ener1 (subsidiary EnerDel received $118.5 million)
Amonix (received 5.9 million)
The National Renewable Energy Lab
Fisker Automotive
Abound Solar (received $400 million)
Chevy Volt (taxpayers basically own GM)
Solar Trust of America
A123 Systems (received $279 million)
Willard & Kelsey Solar Group (received $6 million)
Johnson Controls (received $299 million)
Schneider Electric (received $86 million)

Remember GW used PRIVATE funds, while O'Bama used PUBLIC (our tax money) funds.

"into the ground and then did the same to the country."

Let's take two random metrics:
Unemployment and gas prices.

Unemployment averaged 5.5% and gas was 1.55 or so during GW's first term.

GW left O'Bama with 1.75 gas and 7.7% unemployment.
O'Bama took gas and doubled the price and never went below 8.2% unemployment.

BTW for your own edification, the worst recession in recent memory was the one that Carter left for Reagan.
And Reagan quickly dispatched it with pro business policies and lower tax rates, which doubled revenues.

Tell me again how O'Bama used his business acumen to get us here.

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40Westsider(224 comments)posted 2 years, 1 month ago

Why is this such a big deal? What about the people on cultural and generational welfare who pay no taxes and finagle their income into a huge tax return? What percentage of taxes would satisfy you, Ken? 20%, 30%, 50%? The chances of any of us being able to invest savings at a greater return increase exponentially if Romney is elected. Obama is a socialist who wants everyone to have the same things. I want to keep what I work for and be able to share with those I choose.

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41captaincheese(43 comments)posted 2 years, 1 month ago

Abortion is legal but, not necessarily right, Warrantless wiretaps are legal but, not necessarily right, Drone attacks, usury loan rates. So on and so forth
The real question that needs to be asked is: How is it that the people who are "taxed enough already" can afford to pump nearly a billion dollars into this election cycle?

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42cambridge(3027 comments)posted 2 years, 1 month ago

babadouche.....The very first company on your list Evergreen Solar didn't receive federal funds, they received state funding. You should check your emails for facts before you try and pass them off as the truth.

http://bostonherald.com/business/tech...

That's not even he point. The government has been giving business loans for decades to thousands of companes. Somtimes the companies thrive and sometimes China floods the market at a loss and companies like Solyndra fail. That company had a revolutionary product and got buried by China subsidizing the industry.

Clean and renewable is here to stay and will eventually be the worlds sole source of energy. America will either be a player or will be left behind. In the end backwards thinking people like you will lose.

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43WilliamSwinger(341 comments)posted 2 years, 1 month ago

Ken Drombowsy and all the others here prove they are too dumb to understand the difference between a percentage and an absolute amount. Which would you rather have, five percent of a thousand or ten percent of a hundred? All you "percenters" would choose the highest percentage, right? Dummies.

Mitt paid two million eight hundred thousand dollars in federal tax in 2010 alone and you are complaining about what exactly? If Mitt paid thirteen percent on average over the ten year period and earned similarly he would have contributed over twenty six million dollars to the Treasury. I suspect that is more cash than the combined authors and posters have earned at all. Mitt has not paid enough? Goofs.

Low earners and dummies like the author and the other posters here are all getting away nearly scott-free while earners like Mitt pay for it all. What a world it would be if we all chipped in these same staggering amounts.

Mitt and the other wealthy persons that earn similarly pay for the whole country while stupid crybabies like the author and these commenters reap all the benefits. All this free ride and you morons cannot even find the decency just to keep your big, dumb mouths shut.

Valley dumb and proud, guys! Keep up the great work. You guys are too stupid to realize that the Dem leaders are punking you out. They are gaming your basic sense of envy for a vote and you are too stupid to catch on.

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44deckbose(4 comments)posted 2 years, 1 month ago

"Paid enough" is not judged as a total, Mr. Swinger. It is judged as a percentage. And since Romney refuses to reveal details of his tax returns save for one year, we will never know what the total is. It's wonderful that you're impressed by big numbers, but if it equates to 10% of his taxable wealth, then the rest of us clear-thinking people are not nearly as impressed. But Mitt is lucky he has support from the likes of the gullible -- it allows him to ignore the transparency that every other Presidential candidate has welcomed for the last 40 years.

As for Mr. howya, you should save all that data for the next CEO Olympics. For the time being, there are 2 men running for President -- one releases his tax returns, one doesn't. All the obfuscation in the world won't change that.

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45WilliamSwinger(341 comments)posted 2 years, 1 month ago

@deckbose

Percentages mean nothing except to the mathematically stupid, which I see you are. Total paid is the only significant measure when incomes vary widely. By the way, let's see your tax returns. Just as Harry Reid said, I say until you prove otherwise that you are a tax cheat and didn't pay at all.

You're a pathetic PERCENTER and your criticisms are thinly veiled attacks from across the dumber side of the aisle. Nothing you try will divert attention from the colossal failures of this administration.

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4676Ytown(1254 comments)posted 2 years, 1 month ago

What is fair share?

Under the United States' progressive tax system, income is taxed at graduated rates. An individual's tax bracket, sometimes referred to as the marginal tax rate, refers to the percentage of income that's taxed at the top tax rate — not the rate for the entire amount.

The effective tax rate, is the amount a taxpayer pays in taxes as a percentage of total income. The average effective federal tax rate for American taxpayers is 11%, according to an analysis of 2009 IRS data by the Tax Foundation, a non-profit research organization. For individuals with adjusted gross income of $50,000 or less, the average effective tax rate is less than 5%, according to the Tax Foundation.

Romney's income comes from investment income which is taxed differently from earned income. If we don't like that we would need to change our tax laws.

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47rightofronnie(11 comments)posted 2 years, 1 month ago

What I find amusing about all of this is that Romney is living the "American Dream" yet gets condemned for it, rather than applauded. Just goes to show you how much the Liberal Left has seeped into the minds of so many Americans. They poison your brain that it is a dirty, rotten thing to be successful and make money and that only TRUE Americans are living paycheck to paycheck or on some sort of government assistance. You folks who think that Romney is a tax cheat need to really get your heads checked. Better yet, when you file your taxes next year, ask your accountant what YOUR tax rate is. I will bet you that it is MUCH less than the numbers that the politicos throw out there all the time. Also, 13% on $30 million is almost $4M!!! How much did you pay in taxes last year? My guess is that Mitt paid as much in taxes by himself as everyone commenting on this page mulitiplied by 10,000!!! Those of you who live in this valley and support the same-old politics of the now very Socialist-Left Wingers need to wake up. It ain't your grandpa's party anymore!!! This country needs to move forward and we arent going to get it done with everyone sitting on the wagon, rather than pulling it.

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48LtMacGowan(645 comments)posted 2 years, 1 month ago

Living the American dream is becoming rich by outsourcing American jobs and then hiding large parts of your income in places where it can't be taxed?

If that's the American dream. Its time to wake up.

Btw as a Liberal, Democrat, Atheist, and Vet, this makes no difference to me. I planned to and will vote for Obama regardless of the amount of income Mitt Romney has put in off shore tax havens.

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49WilliamSwinger(341 comments)posted 2 years, 1 month ago

@LtMacGowan

I suppose then that you were among the people BOOING the re-inclusion of God in the party convention too then, huh? What a pathetic display by the party of silliness. Go vote for your messiah, fool.

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50deckbose(4 comments)posted 2 years ago

@rightofronnie

If being born rich is the "American Dream," then 98% of us are out of luck the moment we get that first obstetrician slap on the butt.

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