Gawker just dumped 950 pages of internal documents, mostly internal audited financial statements, from 20 funds tied to Bain Capital, investment vehicles for Mitt Romney, which they claim “reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama’s fiscal approach and his money managers’ embrace of those same policies.”
The documents are quite jargon-heavy, and much of the information in the document dump that’s been revealed so far consist of reiteration or extended details of information that has already been revealed about tax-dodging schemes. So I’m not totally sure that we’re going to get so much out of these Bain documents, at least not right away. They add some color to the well-known fact that Romney, like many rich people, goes to great lengths to shelter his money from taxation.
However, we did learn something pretty valuable about Mitt Romney’s tax situation today. In fact, we learned it from Romney himself.
Mitt Romney said one reason he doesn’t want to release more of his tax returns is because it would show how much money he has given to the Mormon Church.
“Our church doesn’t publish how much people have given,” Romney said in an upcoming interview with Parade magazine. The Salt Lake Tribune previously reported on the interview. “This is done entirely privately. One of the downsides of releasing one’s financial information is that this is now all public, but we had never intended our contributions to be known. It’s a very personal thing between ourselves and our commitment to our God and to our church.”
This is a pretty interesting development. Romney says that he doesn’t want to make his tithing public. There are probably two reasons for that. One, the Mormon Church has become an increasingly political organization, practically running the effort to ban marriage equality in California. The money Romney tithed to the church can pretty easily be connected to that effort, and Romney doesn’t want a form out there showing it. However, we have his 2010 and 2011 tax returns, and they show that Romney donated 10% of his income in those years to the Church (his family charity gave another 10% or so). This is just a made-up excuse, then, as we already have all the data we need to make that Romney/Mormon church political practices connection.
The alternative explanation is that Romney doesn’t want other Mormons seeing how he shortchanged the church with tithing. You remember when Romney made his previous comments about taxes and charity, he said he never paid less than 13%, and with charity it would be over 20%. But the church requests 10% of income in tithing. And presumably tithing is not the only charity to which Romney donates. So among the many other theories for why Romney won’t release those back tax returns – including how he doesn’t want anyone to see the address he uses on the returns, for fear of a voter and tax fraud claim – we can add the idea that he doesn’t want to show potentially a less than 10% figure in tithing, out of personal embarrassment. There’s also the point that the Mormon Church doesn’t ask for tax receipts to corroborate that their members pay the 10%. So the church may be as shocked as everyone else at the gross income totals, showing that Romney shortchanged his church.




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Willard if u want the job lets see the returns.
It’s ironic that many so-called progressives are giving Romney a hard time about potentially not tithing 10% to the church considering most progressives are anti-religion. It’s been my experience that very few people actually donate 10% to their church. Most give something, but not 10%.
What happens in the tabernacle, stays in the tabernacle.
Maybe it’s because his company disposed of human remains from abortion facilities, the returns would tell us.
Christ with all the CIA documents totally blacked out, what part doesn’t he get about blacking out his “contributions’
This clown’s balls are being crushed in a vice he built .
He made that bed himself, show us your integrity buddy.
I know of very few “progressives” who are “anti-religion”. Perhaps you meant they are anti-hypocrites, which would include a significant number of self-professed “Christians”.
Sadly, many of the Chreestians will relate to this. Frankly, it’s annoying to me to see tithing listed as private. If it’s so darn private then there is no reason to announce that you do it. Private means I don’t hear about it.
You obviously don’t know much about progressives. This is precisely why I joined this site because I believe that while I do not attend church or practice any religion , the closest I can get to spirituality is hanging out with progressives.
No one is giving Romney a hard time about not paying his tithing. It’s speculation about what he’s hiding and why.
If someone doesn’t pay his tithing ordinarily people lose their temple privileges, and he doesn’t want to be seen a pariah instead of a capitalist demigod by the faithful.
The dude needs to release his taxes so we can make sure he’s not really an Alvaro Uribe type of wolf hiding underneath those temple garments.
The elite selection committee that vetted the Mittster needs to go ahead and demand it. No one’s going to elect a dark horse candidate again. We can’t afford the screwing. Know what I mean?
Mitt is between a rock and a hard place.
want to see the elephant in the room most people are going to miss?
there it is for people who believe in the all mighty, “their” god as opposed to “the” god
might not sit too well with some christian theologians I know
I wonder what’s more comfortable, being between a rock and a hard place or being on top of a station wagon wallowing in your own feces
I wouldn’t doubt that Mitt based his tithing on his “Adjusted Gross Income”, just like his 13% taxes.
The trouble is, other than the returns he has shared, we don’t know what that “Adjusted Gross Income” was.
There are quite a few tax dodges that were popular at different times in the last decade, which are considered sketchy tactics now. There is also the issue of losses on investments and off-shore accounts and even the possibility that in some years 13% X $0 = $0.
The Latter Day Saints may well look askance on tithing based on sketchy accounting, but I’d be willing to wager that the real issue is his ultra-low tax bills in some of the last few years.
I was unaware that Forbes had asked the same question That I raised in my post;
13% of what?
It’s still a good question, but I think the American people deserve an answer much more than does his church.
Or as a friend of mine once said, “between a hard and a rock place”.
I always pretty much figured it was his church he didn’t want seeing the returns. He’s SUCH a crook and he’s got them convince he’ll do away with the Separation of Church and State; his Church, his State.
I’m still surprised at the lack of the young men on bicycles stumping for Romoney in my neighborhood, but they may come after the official announcement.
I woudl imagine every one here knows that John Smith, he who found the Jesus Tablets in Missouri, ran for president as well, only a few years before an angry mob of husbands hung for stealing their wives? Some call him the charlie Manson of the Frontier…has a nice ring to it.
The Mo-mo’s have been after the presidency since their founder. Brrrrrrrrrrr
They want to forget that such a “godly man” could abuse the family pet like that…you know, treat him like a piece of furniture.
Is it really true the dog ran off as soon as they let him out of the cage?
It’s a one way street.
The amoral can’t be hypocrites.
;^) well said!
Romney, Obama happily produced his birth certificate to prove he was an American and old enough to be Prez.
Now you have to show your tax returns and financial documents. It’s in the Constitution.
Ah, that reminds me of something, perris …
Um … oh yes, that’s it! … one station wagon, under dog, with a crate and a short-leash for all … (the tithes that bind … or in that case, did the opposite).
DW
Yet another (if ancillary) explantion might be that Willard wants everyone to just beg off on the whole tax return thing since it’s all private…just between him and Jeezuz and Joseph Smith. The teabaggers might just buy it, too.
The alternative explanation is that Romney doesn’t want other Mormons seeing how he shortchanged the church with tithing.
That’s my bet.
It seems to be the new fashion with the R’s. Now Tommy Thompson running against Baldwin wont’ release HIS tax returns.
I swear, they’re all like little ducks following mommy
I think it’s just misdirection. There’s something completely unrelated to the Mormon Church in the 10 years of tax returns and he’s trying to use the church as a privacy shield.
In other words, my tax returns are all completely above board and in order, I just want some privacy because every American’s relationship to his God is something sacred and you outsiders have no business there.