This is a good one. This is an official Obama campaign ad, not a third party ad.

[www.huffingtonpost.com]

That's the way to do it.

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"Stop thinking about art works as objects, and start thinking about them as triggers for experiences." ~ Brian Eno

Here's the back story, if like me you hadn't heard of "Son of BOSS" before.

[www.forbes.com]

Quote
Article
The ad plays a clip of a recent interview in which Romney said he was "happy to go back and look" to see if he had paid a rate lower than 13.9 percent -- but he never did get back to the voters on that.

'Nuff said.

Romney said he was "happy to go back and look" to see if he had paid a rate lower than 13.9 percent


he didn't lie - he said he was HAPPY to go back and look, not that he WOULD go back and look.



Edited 1 time(s). Last edit at 08/09/2012 05:26PM by decay.

I found a "tinker-toy" kind of explanation of the "Son of Boss" scam (I looked because I couldn't get the web page Lemon Drop linked to, to load initially):

[www.son-of-boss.com]

Quote
Lemon Drop
Here's the back story, if like me you hadn't heard of "Son of BOSS" before.

[www.forbes.com]

I read it but understood little, that would be why my brother became a CPA and I didn't.

Here's a more succinct version from Bloomberg. While Romney was audit chair for the Marriott board, meaning he personally signed off on corporate tax strategy, they were doing tax avoidance schemes found by a federal judge to be illegal:

"During Romney’s tenure as a Marriott director, the company repeatedly utilized complex tax-avoidance maneuvers, prompting at least two tangles with the Internal Revenue Service, records show. In 1994, while he headed the audit committee, Marriott used a tax shelter known to attorneys by its nickname: “Son of BOSS.”

A federal appeals court invalidated the maneuver in a 2009 ruling, siding with the U.S. Department of Justice, which called Marriott’s transaction and attempted tax benefits “fictitious,” “artificial,” “spectral,” an “illusion” and a “scheme.” Marriott had argued the plan predated government efforts to close such shelters.

Employing another strategy, Marriott legally avoided hundreds of millions of dollars in income taxes thanks to a federal tax-credit program criticized and allowed to expire by Congress. Marriott has also shifted profits to a Luxembourg shell company. During Romney’s years on the board, Marriott’s effective tax rate dipped as low as 6.8 percent, compared with the federal corporate statutory rate of 35 percent."