Yea, cause GOD FORBID someone wants to keep more of THEIR money! But what's the bigger picture here?Bloomberg News confirmed through using a Freedom of Information Act request that Mitt Romney set up a charitable remainder unitrust (CRUT) in June 1996 just before Congress cracked down on the loophole in 1997. While Republicans have extolled Romney for his charitable donations, most of them are contributions to the Mormon Church, and according to this, the church will likely receive even less than the primary donation, while he is benefiting.
Individuals who had already set up these vehicles were allowed to keep them. That included Mitt Romney, then the chief executive officer of Bain Capital, who had just established such an arrangement in June 1996.
“In this instance, Romney used the tax-exempt status of a charity — the Mormon Church, according to a 2007 filing — to defer taxes for more than 15 years,” Bloomberg’s Jesse Drucker explained.“At the same time he is benefitting, the trust will probably leave the church with less than what current law requires.”
!!!! HE DID IT LEGALLY !!!!
You need to also consider the fact that this was created in 1969 during a tax reform law, when a DEMOCRAT was in office!
But the bottom line here .... WHO F*CKING CARES! There is NO story here and this is just another attempt from a jackass that sees Obama doing NO wrong regardless of what he does OR has done! It's pathetic that you can't step outside of the sh*t view you have and look at candidates as individuals and instead choose to reduce yourself to picking a side and staying with it come hell or high water. You evidently have no issue going down with the ship, even though you know it's got a gigantic hole in the damn thing and is going to sink! ANYONE who walks around with a narrow mind like that is in the same place.
FACT: If what Obama has done the last 4 years was done by a Republican (i.e. RECORD BREAKING debt, RECORD BREAKING spending, RECORD BREAKING borrowing, the constant lie and cover up, the changes he has made to welfare reform, the constant failed so-called "investments", etc) they would have been CRUCIFIED!
But Obama does it, and it's OK cause people that believe in their 'Messiah' have no problem looking past how much of a failure he has been and instead, pick at little news stories like charitable remainder unitrusts (CRUT) and somehow think this is a story.
REALLY? I mean..... REALLY!?!?!?
If Obama was Republican, I would vote him OUT. If Romney was Democrat, I would vote him IN. I could give a sh*t anymore about party lines cause they are so blurred anymore. I want my government smaller and out of my life except where they are supposed to be, the budget balanced, waste eliminated, more of MY money back, the 53% that don't pay into 'Federal Income Taxes' to start paying (Fair Share ya know!) OR invoke a tax code that makes sense (like Fair Tax), I want a law to push able bodied people OFF of Welfare after 2 years, my borders protected, my military strong, significantly reduce or eliminate taxes on businesses that stay within the US and put a fair or proportionate tax on those that choose to move out of this country, and so on.
You give me a candidate that's even close to these types of qualifications, they have my vote, regardless of their party.