Tuesday, October 30, 2012

More Tax Breaks For Mitt

Mitt appears to have done everything to avoid "doing" for his country.

Bloomberg News: Romney ‘rented’ Mormon church’s exemption to defer taxes for 15 years | The Raw Story
Republican presidential nominee Mitt Romney used a loophole to “rent” the Mormon church’s tax exemption status and defer paying taxes for 15 years, according to a new report.

Tax returns obtained by Bloomberg News through a Freedom of Information Act request indicated that Romney set up a charitable remainder unitrust (CRUT) in June 1996 just before Congress cracked down on the loophole in 1997...

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