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Can You Dig It?
Author: Raine
Date: 09/27/2012 12:56:35
Mitt Romney can.
I'll betcha $10,000 you don't dig it dimply because you can't afford to dig it.
I think it is time he release a few more tax returns.
I'll betcha $10,000 you don't dig it dimply because you can't afford to dig it.
In January 1999, a trust set up by Mitt Romney for his children and grandchildren reaped a 1,000 percent return on the sale of shares in Internet advertising firm DoubleClick Inc.
If Romney had given the cash directly, he could have owed a gift tax at a rate as high as 55 percent. He avoided gift and estate taxes by using a type of generation-skipping trust known to tax planners by the nickname: “I Dig It.” (snip)
Digging It
Romney’s vehicle is known as an “intentionally defective grantor trust” or by the acronym IDGT -- hence the nickname: “I Dig It.” Such trusts permit donors to give potentially unlimited amounts to children free of estate and gift taxes.
Here’s how they work: the person setting up the trust, like Romney, contributes assets such as an interest in a fund or shares in a company. If he makes that contribution before those assets appreciate -- particularly when they are privately held and difficult to value -- he can claim the gift tax obligation is low or non-existent since the declared value is low or zero.
If the trust generates any income -- such as by selling stock -- the eventual tax bill is the responsibility of Romney, not the trust. By paying the capital gains tax, which was 20 percent in the late 1990s and is now 15 percent, he can avoid depleting the funds in the trust -- in essence making an additional donation that’s free of gift taxes. (snip)
Romney sold additional DoubleClick shares in at least two other transactions, securities filings show.
DoubleClick was purchased by Google Inc. (GOOG) for $3.2 billion in 2008.
I think it is time he release a few more tax returns.
Comments:
Order comments Newest to Oldest Refresh Comments
Comment by 
Mondobubba on 09/27/2012 12:59:28
Mondobubba on 09/27/2012 12:59:28
Gotta retract yesterdee's blog, Bobber. Apparently the Politico article was satire.
Here is the tip off:
burried deep on page two:
"A word about PowerPoint. PowerPoint was released by Microsoft in 1990 as a way to euthanize cattle using a method less cruel than hitting them over the head with iron mallets. After PETA successfully argued in court that PowerPoint actually was more cruel than iron mallets, the program was adopted by corporations for slide show presentations."
Here is the tip off:
burried deep on page two:
"A word about PowerPoint. PowerPoint was released by Microsoft in 1990 as a way to euthanize cattle using a method less cruel than hitting them over the head with iron mallets. After PETA successfully argued in court that PowerPoint actually was more cruel than iron mallets, the program was adopted by corporations for slide show presentations."
Comment by Mondobubba on 09/27/2012 13:03:31
Mondobubba on 09/27/2012 13:03:31
In other news: Insane Clown Posse Sues FBI After Being Labeled a Gang
Can an entire episode of "Gangland" devoted this growing menace be far behind?
Can an entire episode of "Gangland" devoted this growing menace be far behind?
Comment by 
Raine on 09/27/2012 13:05:21
Raine on 09/27/2012 13:05:21
Put a for in it Mitt I think he's done.
Mother Jones has obtained a video from 1985 in which Romney, describing Bain's formation, showed how he viewed the firm's mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.
Comment by Mondobubba on 09/27/2012 13:06:34
Psst. I think you mean "fork"
Mondobubba on 09/27/2012 13:06:34
Quote by Raine:
Put a for initMitt I think he's done.Mother Jones has obtained a video from 1985 in which Romney, describing Bain's formation, showed how he viewed the firm's mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.
Psst. I think you mean "fork"
Comment by 
wickedpam on 09/27/2012 13:08:10
wickedpam on 09/27/2012 13:08:10
Morning 
Comment by 
TriSec on 09/27/2012 13:25:06
TriSec on 09/27/2012 13:25:06
Morning, folks.
Not having many side effects this time around - even the neuropathy is diminished, and I have very little of the "Darth Vader" effect on my throat whilst drinking today.
So, either Allah is to be praised for his mercy, or I'm building up a tolerance without a sky-spirit involved. Reader's choice.
Not having many side effects this time around - even the neuropathy is diminished, and I have very little of the "Darth Vader" effect on my throat whilst drinking today.
So, either Allah is to be praised for his mercy, or I'm building up a tolerance without a sky-spirit involved. Reader's choice.
Comment by wickedpam on 09/27/2012 13:40:56
wickedpam on 09/27/2012 13:40:56
Rocky Mountain Mike 
Comment by Mondobubba on 09/27/2012 13:45:38
Stop wasting bacon on this kind of thing.
Mondobubba on 09/27/2012 13:45:38
Stop wasting bacon on this kind of thing.
Comment by TriSec on 09/27/2012 13:46:03
TriSec on 09/27/2012 13:46:03
Oh, and the weight-loss thing...I seem to be fluctiating wildly. I'm tracking it every day now so I'll have some good data to report next cycle.
Otherwise, other than dairy, I'm not on any restrictions. The suggestion was to try to spread things out instead of 3 squares a day...this will maintain caloric intake, as well as help mitigate my unsettled belly. I"ll be trying that this cycle.
Otherwise, other than dairy, I'm not on any restrictions. The suggestion was to try to spread things out instead of 3 squares a day...this will maintain caloric intake, as well as help mitigate my unsettled belly. I"ll be trying that this cycle.
Comment by Mondobubba on 09/27/2012 13:46:05
Mondobubba on 09/27/2012 13:46:05
Quote by TriSec:
Morning, folks.
Not having many side effects this time around - even the neuropathy is diminished, and I have very little of the "Darth Vader" effect on my throat whilst drinking today.
So, either Allah is to be praised for his mercy, or I'm building up a tolerance without a sky-spirit involved. Reader's choice.
Comment by TriSec on 09/27/2012 13:48:14
TriSec on 09/27/2012 13:48:14
I did get a baseline reading, overall I'm actually only down 4 pounds from my first cycle. (July 30), so there is no "official" concern from the pros.
Comment by 
BobR on 09/27/2012 13:48:49
I read that as snark. Notice my italicized comment after the quote? That's also why I prefaced it with the disclaimer "reportedly".
While the actual name-calling may not be true, you can tell just by watching them that they are not comfortable with each other when in campaign mode, and it is still true that Ryan must know that this is turning into a career-killer for him.
So - I am not going to bother with a retraction.
BobR on 09/27/2012 13:48:49
Quote by Mondobubba:
Gotta retract yesterdee's blog, Bobber. Apparently the Politico article was satire.
Here is the tip off:
burried deep on page two:
"A word about PowerPoint. PowerPoint was released by Microsoft in 1990 as a way to euthanize cattle using a method less cruel than hitting them over the head with iron mallets. After PETA successfully argued in court that PowerPoint actually was more cruel than iron mallets, the program was adopted by corporations for slide show presentations."
I read that as snark. Notice my italicized comment after the quote? That's also why I prefaced it with the disclaimer "reportedly".
While the actual name-calling may not be true, you can tell just by watching them that they are not comfortable with each other when in campaign mode, and it is still true that Ryan must know that this is turning into a career-killer for him.
So - I am not going to bother with a retraction.
Comment by BobR on 09/27/2012 13:50:35
Porky, porky night...
BobR on 09/27/2012 13:50:35
Quote by Mondobubba:
Stop wasting bacon on this kind of thing.
Porky, porky night...
Comment by TriSec on 09/27/2012 13:51:02
TriSec on 09/27/2012 13:51:02
I think the takeaway from the Politico article is "Plausible".
That's the real comment on the Make Money/Kill Grandma campaign.
That's the real comment on the Make Money/Kill Grandma campaign.
Comment by Raine on 09/27/2012 13:51:21
There are an awful lot of people that aren't buying the Satire claim.
Raine on 09/27/2012 13:51:21
Quote by BobR:Quote by Mondobubba:
Gotta retract yesterdee's blog, Bobber. Apparently the Politico article was satire.
Here is the tip off:
burried deep on page two:
"A word about PowerPoint. PowerPoint was released by Microsoft in 1990 as a way to euthanize cattle using a method less cruel than hitting them over the head with iron mallets. After PETA successfully argued in court that PowerPoint actually was more cruel than iron mallets, the program was adopted by corporations for slide show presentations."
I read that as snark. Notice my italicized comment after the quote? That's also why I prefaced it with the disclaimer "reportedly".
While the actual name-calling may not be true, you can tell just by watching them that they are not comfortable with each other when in campaign mode, and it is still true that Ryan must know that this is turning into a career-killer for him.
So - I am not going to bother with a retraction.
Comment by Mondobubba on 09/27/2012 13:54:00
I was being saterical myself.
The video of them in Ohio was hilarious.
Mondobubba on 09/27/2012 13:54:00
Quote by BobR:Quote by Mondobubba:
Gotta retract yesterdee's blog, Bobber. Apparently the Politico article was satire.
Here is the tip off:
burried deep on page two:
"A word about PowerPoint. PowerPoint was released by Microsoft in 1990 as a way to euthanize cattle using a method less cruel than hitting them over the head with iron mallets. After PETA successfully argued in court that PowerPoint actually was more cruel than iron mallets, the program was adopted by corporations for slide show presentations."
I read that as snark. Notice my italicized comment after the quote?
While the actual name-calling may not be true, you can tell just by watching them that they are not comfortable with each other when in campaign mode, and it is still true that Ryan must know that this is turning into a career-killer for him.
So - I am not going to bother with a retraction.
I was being saterical myself.
The video of them in Ohio was hilarious.
Comment by 
Scoopster on 09/27/2012 13:59:24
Scoopster on 09/27/2012 13:59:24
Mornin' all! 
We're startin' to get a lil bit of color here.. Pics to come!
We're startin' to get a lil bit of color here.. Pics to come!
Comment by BobR on 09/27/2012 14:04:39
BobR on 09/27/2012 14:04:39
Comment by 
trojanrabbit on 09/27/2012 14:05:33
trojanrabbit on 09/27/2012 14:05:33
I have to decide whether I end my self-imposed viewing boycott of the NFL tonight or find alternate methods to watch TNF (as I don't have cable anymore).
Screw it, not like it's a compelling game.
I see good ol' Sheldon is admitting he wants Romney in so his casinos won't get investigated by the DoJ.
On the work front, I've spent the last two days tearing my hair out because I can't get something to program properly. Finally traced it to a missing letter in a 200 character long string that configures the power supply I'm programming. So naturally it ignores everything I send it, and doesn't even bother to send back an error code. Nice firmware.
Glad the side-effects seem to be lessening, Tri
Screw it, not like it's a compelling game.
I see good ol' Sheldon is admitting he wants Romney in so his casinos won't get investigated by the DoJ.
On the work front, I've spent the last two days tearing my hair out because I can't get something to program properly. Finally traced it to a missing letter in a 200 character long string that configures the power supply I'm programming. So naturally it ignores everything I send it, and doesn't even bother to send back an error code. Nice firmware.
Glad the side-effects seem to be lessening, Tri
Comment by Scoopster on 09/27/2012 14:07:51
Scoopster on 09/27/2012 14:07:51
Comment by Mondobubba on 09/27/2012 14:08:32
: Looks at watch: 5, 4, 3, 2, 1...Now
Mondobubba on 09/27/2012 14:08:32
Quote by BobR:
How long before Romney selectively edits this campaign flub from Obama into a campaign ad?
: Looks at watch: 5, 4, 3, 2, 1...Now
Comment by BobR on 09/27/2012 14:12:26
BobR on 09/27/2012 14:12:26
Comment by TriSec on 09/27/2012 14:13:51
Hardlly a flub - he caught it immediately and turned it around. Of course, that's lost on the RWNM.
TriSec on 09/27/2012 14:13:51
Quote by BobR:
How long before Romney selectively edits this campaign flub from Obama into a campaign ad?
Hardlly a flub - he caught it immediately and turned it around. Of course, that's lost on the RWNM.
Comment by Mondobubba on 09/27/2012 14:14:56
I posted something about Sheldon yesterday. He is betting on spending money to get the investingation dropped. This requires more research on just what is at stake. I think it might be something with his gaming license.
Mondobubba on 09/27/2012 14:14:56
Quote by trojanrabbit:
I have to decide whether I end my self-imposed viewing boycott of the NFL tonight or find alternate methods to watch TNF (as I don't have cable anymore).
Screw it, not like it's a compelling game.
I see good ol' Sheldon is admitting he wants Romney in so his casinos won't get investigated by the DoJ.
On the work front, I've spent the last two days tearing my hair out because I can't get something to program properly. Finally traced it to a missing letter in a 200 character long string that configures the power supply I'm programming. So naturally it ignores everything I send it, and doesn't even bother to send back an error code. Nice firmware.
Glad the side-effects seem to be lessening, Tri
I posted something about Sheldon yesterday. He is betting on spending money to get the investingation dropped. This requires more research on just what is at stake. I think it might be something with his gaming license.
Comment by BobR on 09/27/2012 14:16:35
They had no bones about pulling "you didn't build that" out of context.
BobR on 09/27/2012 14:16:35
Quote by TriSec:Quote by BobR:
How long before Romney selectively edits this campaign flub from Obama into a campaign ad?
Hardlly a flub - he caught it immediately and turned it around. Of course, that's lost on the RWNM.
They had no bones about pulling "you didn't build that" out of context.
Comment by Mondobubba on 09/27/2012 14:29:36
I think if you had lost, say 30 pounds there would be cause for alarm.
Mondobubba on 09/27/2012 14:29:36
Quote by TriSec:
I did get a baseline reading, overall I'm actually only down 4 pounds from my first cycle. (July 30), so there is no "official" concern from the pros.
I think if you had lost, say 30 pounds there would be cause for alarm.
Comment by TriSec on 09/27/2012 14:36:11
TriSec on 09/27/2012 14:36:11
I am pleased to report that I am back to a positive balance on both sick and vacation time at work. (not much, but positive) Went in the hole during my convalescence. (FCHP lets us "borrow" 5 days of vacation time on credit.)
Comment by Mondobubba on 09/27/2012 14:59:37
Mondobubba on 09/27/2012 14:59:37
Joy! My entire department is having to deal with a lunatic. He has discussed his sitch with management. Now he is calling, wasting our time saying he never spoke with department management. It is a drain. 
Comment by TriSec on 09/27/2012 15:10:59
Sounds like you guys need to come up with a "Wall of Shame". We used to do this at ol' HPHC back in the day. Whenever anybody mailed us somiething silly, we'd make a copy and post it for all to see...then we started writing up ugly or stupid calls and posting them, too. Of course it's completely internal, and we didn't redact the names in those pre-HIPAA days. (it helped when they called again - we knew who the idiots were.)
TriSec on 09/27/2012 15:10:59
Quote by Mondobubba:
Joy! My entire department is having to deal with a lunatic. He has discussed his sitch with management. Now he is calling, wasting our time saying he never spoke with department management. It is a drain.
Sounds like you guys need to come up with a "Wall of Shame". We used to do this at ol' HPHC back in the day. Whenever anybody mailed us somiething silly, we'd make a copy and post it for all to see...then we started writing up ugly or stupid calls and posting them, too. Of course it's completely internal, and we didn't redact the names in those pre-HIPAA days. (it helped when they called again - we knew who the idiots were.)
Comment by Mondobubba on 09/27/2012 15:28:53
Oh he is totally documented. We got a little broadcast message about him via our phone system yesterday and again this morning. Plus there is an alert on his account about what is going on. So he is basically not going to get thing one out of us.
Mondobubba on 09/27/2012 15:28:53
Quote by TriSec:Quote by Mondobubba:
Joy! My entire department is having to deal with a lunatic. He has discussed his sitch with management. Now he is calling, wasting our time saying he never spoke with department management. It is a drain.
Sounds like you guys need to come up with a "Wall of Shame". We used to do this at ol' HPHC back in the day. Whenever anybody mailed us somiething silly, we'd make a copy and post it for all to see...then we started writing up ugly or stupid calls and posting them, too. Of course it's completely internal, and we didn't redact the names in those pre-HIPAA days. (it helped when they called again - we knew who the idiots were.)
Oh he is totally documented. We got a little broadcast message about him via our phone system yesterday and again this morning. Plus there is an alert on his account about what is going on. So he is basically not going to get thing one out of us.
Comment by TriSec on 09/27/2012 15:45:45
TriSec on 09/27/2012 15:45:45
Continuing my Geek credentials, my date tracker indicates that I am now under 100 days to my last treatment. (99).
Comment by Mondobubba on 09/27/2012 15:55:15
Sweet. Just in time for the New Year or 12th night. Yeah I am grasping at straws.
Mondobubba on 09/27/2012 15:55:15
Quote by TriSec:
Continuing my Geek credentials, my date tracker indicates that I am now under 100 days to my last treatment. (99).
Sweet. Just in time for the New Year or 12th night. Yeah I am grasping at straws.
Comment by TriSec on 09/27/2012 16:05:01
We're planning a big blowout after I get my port out. Boston is blessed with many fine steak houses and martini bars.
TriSec on 09/27/2012 16:05:01
Quote by Mondobubba:
Sweet. Just in time for the New Year or 12th night. Yeah I am grasping at straws.
We're planning a big blowout after I get my port out. Boston is blessed with many fine steak houses and martini bars.
Comment by TriSec on 09/27/2012 16:49:52
TriSec on 09/27/2012 16:49:52
Hmm, we seem a bit subdued today.
Comment by Mondobubba on 09/27/2012 16:55:01
Hmmm blog meet up and Tri ending chemo party...
Mondobubba on 09/27/2012 16:55:01
Quote by TriSec:Quote by Mondobubba:
Sweet. Just in time for the New Year or 12th night. Yeah I am grasping at straws.
We're planning a big blowout after I get my port out. Boston is blessed with many fine steak houses and martini bars.
Hmmm blog meet up and Tri ending chemo party...
Comment by Scoopster on 09/27/2012 17:05:48
Scoopster on 09/27/2012 17:05:48
A Dem is within striking range to take over Dick Lugar's Senate seat in Indiana.
I say we send the Big Dog in there to help finish it off, and maybe even flip Indiana to Obama once again.
I say we send the Big Dog in there to help finish it off, and maybe even flip Indiana to Obama once again.
Comment by wickedpam on 09/27/2012 17:13:25
in
mode, catching up with work that I put off prior to the move. Plus its Nouveau ordering time 
wickedpam on 09/27/2012 17:13:25
Quote by TriSec:
Hmm, we seem a bit subdued today.
in
mode, catching up with work that I put off prior to the move. Plus its Nouveau ordering time
Comment by Raine on 09/27/2012 17:21:03
I'm Actually deep in the rabbit hole.
Raine on 09/27/2012 17:21:03
Quote by TriSec:
Hmm, we seem a bit subdued today.
Comment by BobR on 09/27/2012 17:28:15
YES - I love it!...
oh wait - Boston in January?
BobR on 09/27/2012 17:28:15
Quote by Mondobubba:Quote by TriSec:Quote by Mondobubba:
Sweet. Just in time for the New Year or 12th night. Yeah I am grasping at straws.
We're planning a big blowout after I get my port out. Boston is blessed with many fine steak houses and martini bars.
Hmmm blog meet up and Tri ending chemo party...
YES - I love it!...
oh wait - Boston in January?
Comment by Raine on 09/27/2012 17:37:23
I like how you think, Scoop!
Raine on 09/27/2012 17:37:23
Quote by Scoopster:
A Dem is within striking range to take over Dick Lugar's Senate seat in Indiana.
I say we send the Big Dog in there to help finish it off, and maybe even flip Indiana to Obama once again.
Comment by Mondobubba on 09/27/2012 17:38:50
So it will be cold and the sun sets at like, 2 in the afternoon. It will be an adventure in SAD.
Mondobubba on 09/27/2012 17:38:50
Quote by BobR:Quote by Mondobubba:Quote by TriSec:Quote by Mondobubba:
Sweet. Just in time for the New Year or 12th night. Yeah I am grasping at straws.
We're planning a big blowout after I get my port out. Boston is blessed with many fine steak houses and martini bars.
Hmmm blog meet up and Tri ending chemo party...
YES - I love it!...
oh wait - Boston in January?
So it will be cold and the sun sets at like, 2 in the afternoon. It will be an adventure in SAD.
Comment by TriSec on 09/27/2012 17:40:38
TriSec on 09/27/2012 17:40:38
Actually, the timeframe would be more into February. Maybe over school vacation
Comment by Raine on 09/27/2012 18:12:37
Isn't that even less sun? 
Raine on 09/27/2012 18:12:37
Quote by TriSec:
Actually, the timeframe would be more into February. Maybe over school vacation
Comment by Mondobubba on 09/27/2012 18:27:46
Woohoo! Boston in February! The coldest, bleakest month of the year!
Mondobubba on 09/27/2012 18:27:46
Quote by TriSec:
Actually, the timeframe would be more into February. Maybe over school vacation
Woohoo! Boston in February! The coldest, bleakest month of the year!
Comment by TriSec on 09/27/2012 18:29:57
TriSec on 09/27/2012 18:29:57
Yep, it will be the official "4F Depression, Drinking, and Drugs convention".
Comment by TriSec on 09/27/2012 18:33:05
TriSec on 09/27/2012 18:33:05
Hiking the Freedom Trail on a grimy, dim February day so makes tourists fall in love with this city. We can even traverse the barren tundra of the Public Garden and look at the glacially-entombed Swan Boats!
There is actual skating at the Frog Pond (frozen) on the Common, though. That's fun at least. Until the wind off the harbor hits you in the face.
I'm not helping, am I?
<-- most Bostonians by Feb 28.
There is actual skating at the Frog Pond (frozen) on the Common, though. That's fun at least. Until the wind off the harbor hits you in the face.
I'm not helping, am I?
<-- most Bostonians by Feb 28.
Comment by Mondobubba on 09/27/2012 18:49:13
:rofl:
Mondobubba on 09/27/2012 18:49:13
Quote by TriSec:
Hiking the Freedom Trail on a grimy, dim February day so makes tourists fall in love with this city. We can even traverse the barren tundra of the Public Garden and look at the glacially-entombed Swan Boats!
There is actual skating at the Frog Pond (frozen) on the Common, though. That's fun at least. Until the wind off the harbor hits you in the face.
I'm not helping, am I?
:rofl:
Comment by Scoopster on 09/27/2012 19:03:43
Eh it could be worse.. you could live in Montreal or Quebec City!
Scoopster on 09/27/2012 19:03:43
Quote by TriSec:
Hiking the Freedom Trail on a grimy, dim February day so makes tourists fall in love with this city. We can even traverse the barren tundra of the Public Garden and look at the glacially-entombed Swan Boats!
There is actual skating at the Frog Pond (frozen) on the Common, though. That's fun at least. Until the wind off the harbor hits you in the face.
I'm not helping, am I?
Eh it could be worse.. you could live in Montreal or Quebec City!
Comment by Mondobubba on 09/27/2012 19:20:33
Mondobubba on 09/27/2012 19:20:33
:thud: One of my former bosses when I worked for Nader is now a running dog sell out who now writes for Fortune. Nina Easton.
Comment by Mondobubba on 09/27/2012 19:29:46
Mondobubba on 09/27/2012 19:29:46
NPR runs a stupid story about Citizens United benefiting unions.
Three unions together who can scrape up 7 million bucks for a superpac is not the same thing as the dark money pouring into Crossroads GPS.
Three unions together who can scrape up 7 million bucks for a superpac is not the same thing as the dark money pouring into Crossroads GPS.