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Thursday, September 20, 2012

Is Marc Leder Among the 47%?

     I always wonder if Romney simply has his ironymeter permanently turned off. I would have to assume so, how else could he have gotten through this campaign of his with a straight face? I mean the centerpiece was to get rid of his very own healthcare law.

    Then he started actually bragging about the law while criticizing the President for passing it, while also promising to gut it "my first day in office." If he ever wins this race there is an awfully eventful first day in which he has promised to abolish ObamaCare-while somehow leaving in the parts that he likes-he plans to ban Planned Parenthood that first day and declare China a currency manipulator. A big first day.

    Then there was his attacks on the 47%-those who pay no federal income tax, though he himself pays little income tax himself and could for all we know have not paid any in some years. We can't know for sure as he won't release his tax returns.

     However, as if there wasn't enough, it emerges that Marc Leder-the wealthy trader where Romney had his infamous 47% speech at-himself has some major issues with his federal income taxes. See what I mean about irony being the spice of Romney's campaign?

    "Marc J. Leder, the private-equity chief who hosted Mitt Romney’s secretly taped fundraiser, used a controversial tax strategy that’s come under scrutiny from the New York Attorney General, according to court documents and people familiar with the matter."

    "According to court documents filed as part of his 2009 divorce, Leder created a system for turning hundreds of millions of dollars in ordinary income into investments that would be taxed at a much lower rate.
The strategy, known as “a management fee waiver,” may have lowered his tax bill by millions of dollars over time, according to the documents."

     "Leder’s private equity firm, Sun Capital Partners, is one of more than a dozen private-equity firms being investigated by New York State Attorney General Eric Schneiderman to see whether they used management fee waivers to avoid taxes, according to people familiar with the matter."


      C'mon, right? How much worse can it get? Romney won over Rush with his inelegant comments. I guess losing everyone else's vote is a small price to pay.

      So Romney attacks those who don't pay taxes while he himself has a history of tax evasion at the home of a donor who himself has his own issues,  that have risen to the level of legal issues.

      Romney either lacks any sense of irony or he has the most chutzpah we've ever seen in a Presidential candidate.

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