Thursday, August 23, 2012

Scandal, maybe? Bain Capital files leak!


Gawker has found several documents noting some “confidential internal financial” documents of Mitt Romney and he avoided paying any taxes.

Here's more:
All told, the partnerships and limited liability corporations detailed below accounted for, at minimum, $10,069,000 of Romney's assets in 2011 and yielded $913,300 in income, according to his 2012 financial disclosure (those figures are derived from adding up the low end of ranges Romney disclosed; the actual numbers could be astronomically higher). 
Most of the entities are affiliated in one way or another with Bain Capital, the private equity firm Romney ran from 1984 through 1999. According to his financial disclosures, the investments "were made pursuant to an agreement with Bain Capital regarding Romney's retirement.... The agreement has expired but [Romney] retain[s] certain investments...made prior to the expiration of the agreement." In other words, they are his retirement package from more than a decade ago, and continue to make him nearly a million (at minimum) dollars per year.
To see them all, go here. These files have not been vetted, yet. However, they have some interesting info. I'm sure the media will follow up shortly about the content. Till then, have at it.

3 comments:

Roger Poladopoulos said...

Where there's smoke, look for a fire. Now we know why he only released two year's worth of tax returns.

Anonymous said...

And this is why Ann Romney won't yet "you people" -- us -- know more about their finances.

Anonymous said...

How can you baptise the dead?
The Bible say "The dead knows nothing"

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Viktor is a small town southern boy living in Los Angeles. You can find him on Twitter, writing about pop culture, politics, and comics. He’s the creator of the graphic novel StrangeLore and currently getting back into screenwriting.