tag:blogger.com,1999:blog-6685155377705481833.post3215571825469781149..comments2023-09-22T03:17:50.469-04:00Comments on Middle Class Political Economist: Romney's Accountants Busted in New Tax Justice Network StudyKenneth Thomashttp://www.blogger.com/profile/05747704671007690674noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6685155377705481833.post-24003015143938109492012-10-28T20:23:49.518-04:002012-10-28T20:23:49.518-04:00Haha, looks like the Romney bots came back to hit ...Haha, looks like the Romney bots came back to hit this post, too!<br /><br />BEWARE the bots and cyber-thugs that hit progressive sites with flamers.DJ Pennyhttp://facebook.com/djpenny1noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-85718206942187001522012-10-21T03:32:17.395-04:002012-10-21T03:32:17.395-04:00We only have his word that the tax returns were 10...We only have his word that the tax returns were 100% legal. Why won't he show us, as his dad pioneered?<br /><br />We do know that when he ran for Governor of Massachusetts he claimed to have been a resident of the state for tax purposes, but it turned out he had been claiming tax residency in Utah instead, and had to retroactively change that and pay back taxes to Massachusetts. Why should we believe him now when he lied then?<br /><br />Thanks for stopping by.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-16467715791421773592012-10-21T03:14:32.269-04:002012-10-21T03:14:32.269-04:00Wow, all of this effort to dissect a successful gu...Wow, all of this effort to dissect a successful guy's, 100% legal, personal tax returns. All I can say is wow and thank goodness the author isn't a loser, desperately seeking to help Obama'r re-election efforts. Conservative Validityhttps://www.blogger.com/profile/06689250316652923959noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-68023473615970823742012-10-20T21:25:00.759-04:002012-10-20T21:25:00.759-04:00As Warren Buffett says, "Class warfare exists...As Warren Buffett says, "Class warfare exists and my side won." To put it another way, our current income distribution in the U.S. is the result of a lot more than market forces. Specific tax policies sought and obtained by the rich have sharpy reduced their share of the tax burden. There is nothing morally wrong with wanting to reverse those policies.<br /><br />Moreover, market outcomes themselves are not necessarily "just," either. People who "earned" their money by creating monopolies do not deserve our moral approval. At least that's what Adam Smith thought.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-41831419039333477562012-10-20T21:17:32.372-04:002012-10-20T21:17:32.372-04:00If a student quoted from Richard Murphy's work...If a student quoted from Richard Murphy's work published by Cornell University Press, would it make you happier? It's the same Richard Murphy, who consults for Tax Justice Network.<br /><br />This is a blog post, not a journal article. I was trying to make one simple point: just because a Big 4 accounting firm says something, does not make it so. This is especially true in this case because it basically didn't say *anything*, like tell us how much Governor Romney made or paid in taxes in any given year. All it did was average the rates PwC claims he paid.<br /><br />And I stand by my implication that accounting firms consider paying penalties a cost of doing business. If aggressiveness net of penalties didn't pay, they wouldn't be aggressive.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-62568437465498992272012-10-20T10:31:15.842-04:002012-10-20T10:31:15.842-04:00Irrelevant. Class envy solves nothing. Redistribu...Irrelevant. Class envy solves nothing. Redistribution does not work, has never worked and will never work. You silly redistributionists want ignorant Americans to buy into this asinine idea that wealth can be created simply by taking it from the wealthy and "spreading it around." That's about as stupid as thinking that by taking a bucket of water out of the deep end of a pool and pouring it in the shallow end, you have made the shallow end deeper. Socialism does not work! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-62364559603903341812012-10-20T09:14:42.355-04:002012-10-20T09:14:42.355-04:00If one of my tax undergrad students wrote a commen...If one of my tax undergrad students wrote a commentary this ridiculous it would be slashed with red ink and returned for a rewrite.<br /><br />If one of my students cited the Tax Justice Network as an expert source I would send the paper back.<br /><br />If one of my students made broad sweeping generalizations, such as directed at PWC and the Big 4, I would mark up the paper and send it back for some evidence and some clear thinking. (I have no connection to PWC and don't care much for the Big 4 in general).<br /><br />I don't care much for Mitt Romney either, but this screed is ridiculous. This is an opinion piece disguised as scholarship.save_the_rustbelthttps://www.blogger.com/profile/15292805042626368911noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-45919789618465200962012-10-20T09:01:20.437-04:002012-10-20T09:01:20.437-04:00Not divulging his tax return certainly came at a c...Not divulging his tax return certainly came at a cost for Romney. What, then, would the cost of actually releasing those tax returns have been? For a pragmatist like Romney, I'm led to believe that it would have been much greater.Anonymoushttps://www.blogger.com/profile/08473569285990076099noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-32548485621210574542012-10-19T05:29:27.428-04:002012-10-19T05:29:27.428-04:00"Romney Exposed" - The Most Secretive Ma..."Romney Exposed" - The Most Secretive Man to Run for President! http://tinyurl.com/99nyuwd <br /><br />This Video goes into detail why Romney won't release his tax returns.bacalovehttps://www.blogger.com/profile/14886355207539910579noreply@blogger.com