Romney: If There's A Wealth Tax, The Rich Will Just Buy Art

[turbinetree]

Politics 10/26/21 3:22am Read time: 1 minute

Typical lies coming from Mitt, a man who would be one of those rich Americans paying higher taxes.
By John Amato

Republican freakouts over taxes is nothing new since they've been doing it since 1980, but what is new are the ridiculous claims they make to try and screw the working class of this country.

Romney immediately lied on Bret Baier's Fox News show when he said the Build Back Better Democratic legislation was not popular with the American people.

It certainly is. Especially taxing the very wealthy, of which Mitt Romney is a member. But his lies didn't stop there.

https://crooksandliars.com/2021/10/romney-claims-if-theres-wealth-tax-rich

Hey Mittens remember when you were groveling to be hired by that POS traitor who should be in jail as we speak....

Also Mittens, two items... let's compare my tax rate to yours.....I bet you win all the time......

Second ever read Mother Jones November/ December 2021 issue there is an article in the magazine called "Geography Class" by Mark Murrman its about Photographer Matt Black's Epic work of "critical cartography" its kind of like a snap shot of pictures and a reporting of the poverty rate being around 20% in the country.
You also got 4 deferments during the Vietnam War, did you know this factoid, that more 40 young men from Porterville, California died in Vietnam War, while you were going to Stanford with that silver spoon in your mouth deferments .....

[uponit7771]

1. Senator Warren is right, tax assets and income and peg the insurance these assholes put on their

... assets to said tax so they can't do what Putin's Whore does with insurance fraud

[OnDoutside]

4. Well said.

[FalloutShelter]

14. This.

Suits me. I’m an artist.

[agingdem]

3. So Mittens...

is that a threat???

[GoCubsGo]

21. Sounds like an admission to me.

I'm sure he has skirted tax laws via art purchases before, but yeah. It seems like a threat that he'll continue to do this.

[greenjar_01]

5. Sounds like boom time for university art departments

Awesome!

[Cracklin Charlie]

6. Mittens is full of crap.

He really, really doesn’t want to pay his tax bill.

This tax affects 700 people? Pay up, freeloaders!

[Zambero]

7. I don't know Art

It sounds like he can be bought though. And when all is said and done, Art is a person too!

[lastlib]

10. What state does Art represent in the Senate?

[LakeArenal]

8. Believe them when they tell you who they are..

Tax cheating elitist lying Republican.

[Zambero]

9. I don't know Art

It sounds like he can be bought though. And when all is said and done, just like corporations, Art is a person too!

[WHITT]

11. Willard

acts as if we can't tax the increased value of art.

And if they claim it's not worth that much, then as Senator Warren has asked, so you would sell it for the lower amount?

[Bucky]

12. Conservatives threatening us with a good time

[70sEraVet]

13. And Mitt knows how to hide money from tax collectors

"Using the Freedom of Information Act, Bloomberg smartly requested the tax returns of a charitable trust set up by Romney in 1996, which have never been publicly released. (The trust is separate from both the Romneys’ family trust and foundation.) The documents reportedly show that Romney used a loophole to essentially rent the tax-exempt status of a nonprofit—in this case, that of the Mormon church—to lower his tax rate while not actually giving much money to the charity itself."

"Setting up the trust, worth between $750,000 and $1.25 million in 2001, enabled Romney to take an upfront deduction for his charitable donation to the trust, while also earning annual payments worth 8 percent of the trust’s assets. Unlike much of his own portfolio, Romney’s charitable trust investments have been very conservative. (It’s now just all cash.) As a result, according to Bloomberg, the trust earned only $48 last year, while paying out nearly $37,000 to the Romneys. Meanwhile, the principal, which goes to the charity upon Romney’s death, has been dwindling as a result of those payouts, down to $421,000 in 2011."
https://www.motherjones.com/politics/2012/10/romneys-charitable-trust-not-very-charitable/

TAX THE TRUST!

[70sEraVet]

15. I hope Mitt invests a TON of money in Banksy art!

I would love to see his fortune get shredded at the auction house!

[colsohlibgal]

16. Buy All The Art You Want Mitt

Don’t recall such a run on art during the years from just after WWll till Reagan when the top tax rates were multiple times higher than what’s proposed now.

Republicans are betting most people old enough don’t remember and younger ones slept during school. Pretty good bet or so it seems.

[Yo_Mama_Been_Loggin]

17. Or dancing horses or car elavators

[Thomas Hurt]

18. He means: "We rich a holes know how to search, find and exploit every loop hole in the tax code!"

[marble falls]

19. High dollar art is a big tax scam.

[tirebiter]

20. The value of the art would be taxed

Buy big, billionaires. Show off your stuff