Mitt Romney’s Tax Returns: What Else is He Hiding?

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Mitt Romney finally released a second year of tax returns. And with it, some troubling new information:

-From his 2010 release: Romney has a Swiss bank account and owns a corporation in Bermuda
-This year’s Tax Returns are 813 pages. More than 65% of them deal with his overseas investments.
-His overseas investments include huge investments in a Chinese oil company.
-Dozens of foreign accounts.
-Millions of dollars of Romney’s money are stashed away in notorious tax havens.
-Stocks in the Russian oil giant Gazprom.
-And he’s betting against the dollar by investing in the Norwegian krone, the Australian dollar, the Swedish krona, and the Canadian dollar.

This is only the tip of the iceberg—Romney has only released two years of tax returns, both from after he started running for President.

He’s still failing to match the precedent set by other Presidential candidates. Why won’t Mitt Romney match other Presidential candidates, including his father? Why won’t he come clean with the American people?

What else is he hiding?

Duration : 0:1:41

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PERAB Gathers Ideas on Tax Reform

October 1, 2009 | 1:19:30

The tax subgroup of the President’s Economic Recovery Advisory Board (PERAB) holds a meeting to gather ideas on Tax Reform. It was the first of several such meetings and was centered on tax simplification. September 30, 2009. (Public Domain)

Duration : 1:19:30

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Tax Holiday for Corporations

A Corporate Tax holiday is supported by Senators in both parties, including Republican John McCain and Democrat Kay Hagan. The Young Turks Cenk Uygur on why this is absurd.

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Duration : 0:2:32

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PERAB Tax Reform Subcommittee Meeting

October 16, 2009 | 1:09:32

The President’s Economic Recovery Advisory Board (PERAB) Subcommittee on Tax Reform holds a meeting continuing the its focus on tax code simplification, enforcement, and Corporate Tax reform. October 16, 2009. (Public Domain)

Duration : 1:9:32

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EXPLAINER: Who Pays Income Taxes?

Cenk Uygur of The Young Turks breaks down the recent “47% of Americans don’t pay income tax” comment by Republican presidential candidate Mitt Romney. Cenk breaks down just who is in this 47% that Romney is talking about. Also discussed is the real percentage of Americans who pay no federal Income Tax, and which federal tax benefits Republicans favor.

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Duration : 0:7:11

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Apple – Apple Evades Billions in Corporate Taxes.

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More Info / Source: http://mashable.com/2012/04/29/apple-avoids-taxes/

Duration : 0:1:36

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Is a sales tax as fare to those who barely make a living, as an income tax?

With no sale tax those with high incomes and no Income Tax have it made. A $10 sales tax hurts low income people making say 6000 a year. But what is it to those making 50,000 or 100, 000 a
year. So you think if every poor person ‘puts their nose to the grind stone’ they too can make that kind of money. Ha!

Sales tax is sort of a choice… You don’t HAVE to buy some of those things that are taxed, and many poor people do not buy them.

Rich people buy more things that cost more, so they pay more sales tax than a poor person.

Because it is a personal choice to buy a car, a big screen TV or a yacht, then it is not a burden on someone who does not buy the item…

Food is not taxed.. but unfortunately shoes, clothes and diapers are…

It does cost everyone… but it is how we keep this country running… At least we don’t pay TV tax (if we don’t have paid television) and we don’t have to pay to sit in a park….