TDS - Democalypse 2012 - Bain Damage

Questions about Mitt Romney's time as CEO of Bain Capital evoke images of a scary Batman villain, and the candidate seeks to allay concerns with a temporally novel solution. (05:17)
VoodooVsays...

cool. I'll not go to work anymore and in thirty years, call my boss up and tell him i'm retroactively retired while at the same time demanding a paycheck for all that time I retroactively "worked"

bareboards2says...

*length=5:17

I've heard this many times, the $100K wage in 2000 and 2001. First time I have had this thought --- what was his wage in 1999?

I'll bet it was 5 times that. But we don't know, because he won't release his tax returns.

KnivesOutsays...

I'm sure you're right, $100k is chump-change to a man that can get a $77k write-off for dressing up his horse.

I'll bet that $100k is equivalent to how some CEO's take $1 salaries. It's a token amount, when their typical take is in the 8 figures. >> ^bareboards2:

length=5:17
I've heard this many times, the $100K wage in 2000 and 2001. First time I have had this thought --- what was his wage in 1999?
I'll bet it was 5 times that. But we don't know, because he won't release his tax returns.

Xaielaosays...

In his line of work the actual salary is kept low so that his income tax rate stays very low. The bulk of the money is made via investments which have a much lower tax rate. It's just another way our lovely congress puts in tuns of loopholes so the billionaires amongst us get to pay the smallest percentage of their income.

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