JOB CREATORS  4:00 pm August 7, 2012

Oh Boy Mitt Romney Really Hates Paying Taxes

by Kris E. Benson

romney waving in front of his beachfront car elevatorOh LOOK what a typist at the Los Angeles Times found out about the Romney’s multi-million dollar home in La Jolla (that’s pronounced La HOY-uh for you Midwesterners, and yes, this is the one with the $55,000 car elevator)! Turns out that the Romneys got a tax cut of about $109,000 by having their lobbyist/lawyer request that the county reassess the $12 million dollar home several times over the years. Of course, the Romneys used the money from this tax cut to trickle a bunch of good jobs with benefits and a living wage all over San Diego. KIDDING!

After paying cash for the Mediterranean-style house with 61 feet of beach frontage, they asked San Diego County for dramatic property tax relief.

Romney, the presumptive GOP nominee for president whose wealth is estimated at $250 million, has rejected calls from Democrats and Republicans to release his income tax returns prior to 2010. But San Diego County assessor records shed light on one sliver of the couple’s personal taxes during that time: a months-long effort to reduce their annual property tax bill. [...] As a result, the Romneys have saved about $109,000 in property taxes over four years. [...] The Romney campaign referred all questions about their La Jolla property taxes to Matthew A. Peterson, a lobbyist and attorney who helped the Romneys find the home. He has also guided them through the complex permit process for demolishing the home and rebuilding on the site.

Referring to their initial claim, Peterson said he did not know how the Romneys determined that their house value had fallen so dramatically, but he thought they may have been reacting to dismal news reports.

How dramatically did the Romneys’ beach house value fall? It fell by 45 percent just eight months after they bought it, according to the Romneys!

Therefore, ergo, and QED, Mitt Romney is a terrible businessman. Would you trust a man to be CEO of US America Inc. if he can’t even not pay 45 percent too much for his own beach house? It is just common sense.

[LA Times]

 
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{ 143 comments }

nounverb911 August 7, 2012 at 4:01 pm

How much did the lawyer cost?

ph7 August 7, 2012 at 4:04 pm

Mitt and his buddies trade tax lawyers like kids trade baseball cards.

nounverb911 August 7, 2012 at 4:08 pm

If my mother hadn't thrown out all my baseball cards I'd be as rich as Mitt is.

BaldarTFlagass August 7, 2012 at 4:12 pm

I learned to my chagrin that unless they are all in perfect mint condition, and preferably still in the original wrappers, no you wouldn't be

ph7 August 7, 2012 at 4:17 pm

Does slapped repeatedly against bicycle spokes qualify as mint condition?

chicken_thief August 7, 2012 at 4:15 pm

The lawyer is "help" and a deductible expense. Not a problem.

Puffperney August 7, 2012 at 4:38 pm

I doubt if Romney hired the lawyer(s) himself. He has a personal lawyer who hires specialist and regionally specific lawyers, as needed. No snark, that is how the super wealthy operate, like corporations.

Fare la Volpe August 7, 2012 at 4:46 pm

They outsource their lawyers.

For fuck's sake.

nounverb911 August 7, 2012 at 4:03 pm

"It fell by 45 percent just eight months after they bought it, according to the Romneys!"
I'm surprised that Mitt didn't sell the house to himself at a loss and then take a tax write off.

Typodong3 August 7, 2012 at 4:15 pm

No silly, he sold the house to his wife's dressage horse, THEN wrote them both off as a loss. Err, all 3, sorry.

mr bojangles August 7, 2012 at 6:27 pm

according to harry reid that's exactly what he did!

Biel_ze_Bubba August 8, 2012 at 12:17 am

Wait until he sells it … you'll be amazed at the millions of dollars in "capital improvements" Mitt had to make on his newly-built home.

mayor_quimby August 7, 2012 at 4:03 pm

That is some greedy shit, he would hire a lawyer to bargain for a better price on a whore. Just on Principle. ..

Typodong3 August 7, 2012 at 4:16 pm

The only principal that Mittens believes in is that his principal should never be taxed.

rickmaci August 7, 2012 at 4:54 pm

Lawyer libel!

arihaya August 7, 2012 at 6:18 pm

I don't think we are allowed to call Ann Romney a whore

NellCote71 August 7, 2012 at 8:52 pm

Oh, so we can't call Ann Romney a whore? Just to clarify, the rules say that we must not call Ann Romney a whore? So none of posting on this site is allowed to write, Ann Romney is a whore.

Negropolis August 8, 2012 at 2:25 am

WIN

elisabeth_vt August 7, 2012 at 4:04 pm

Doesn't everyone have a lobbyist for their house?

rickmaci August 7, 2012 at 4:55 pm

No lobby, just a small entry.

new_pic_for_NEWTer August 7, 2012 at 5:00 pm

When I'm feeling expansive I call it the "foyer". I used to call it the vestibule but that word always increases my tire pressure for some reason.

docteur_giraud August 7, 2012 at 4:04 pm

The value of the White House would decline at least 45 percent if the Romneys moved in.

rickmaci August 7, 2012 at 4:56 pm

The GOTeaPtards would be satisfied it is "white" again.

NorthStarSpanx August 8, 2012 at 10:46 am

Looks like the Wasillabillies have one up on the snooty-not-so-smart Romneys, the Palin's simply didn't acknowledge property ownership – can't tax what you don't list.
http://www.adn.com/2010/02/04/1125241/palin-cabin

IonaTrailer August 7, 2012 at 4:05 pm

OT but

FREE PUSSY RIOT!

BaldarTFlagass August 7, 2012 at 4:20 pm

My dad always told me that the two best things in life were free beer and strange pussy. I guess free pussy would be good too, but there really is no such thing.

anniegetyerfun August 7, 2012 at 4:24 pm

But once it starts rioting, things can get hairy.

BaldarTFlagass August 7, 2012 at 4:28 pm

Hairy? Not so much, these days.

anniegetyerfun August 7, 2012 at 4:30 pm

Well, maybe not in a Brazilian riot.

SorosBot August 7, 2012 at 4:31 pm

Yeah, we don't want some disgusting 70s jungles here.

Fare la Volpe August 7, 2012 at 4:39 pm

One of the most awkward conversations I ever had with my mother began with her reciting the phrase, "You know, I hear girls today don't have pubic hair."

I guess the managers over at the lady factories just took out the standard bush option in the newer models.

mrpuma2u August 7, 2012 at 4:56 pm

I humbly offer to mormon marry them all so they can get asylum/citizenship/soshulizm benefits here.

PuckStopsHere August 7, 2012 at 4:05 pm

The value of the home went down because the value of the neighborhood went down when the Mitwit and clan moved in. You know what they say, "There goes the neighborhood."

mlle_derp August 7, 2012 at 4:22 pm

I'da been lookin' to move if those wackos had moved into my neighborhood.

Butch_Wagstaff August 7, 2012 at 7:18 pm

Between all those sons & their families clogging up the neighborhood with their limos (or whatever they arrive in for family events) and Rafalca shitting in the back yard, I'd move too.

LastGasp August 7, 2012 at 4:07 pm

… the Romneys got a tax cut of about $109,000

This must be quite thought-provoking for all those people who live in a home not even worth the value of that tax cut.

anniegetyerfun August 7, 2012 at 4:17 pm

What's a "thought" and why would I want to provoke it?

-Romney supporters

Biff August 7, 2012 at 4:41 pm

That would include me, but it's paid for and taxes are <$600/yr.

grex1949 August 7, 2012 at 4:07 pm

Poor Mitt and Annie! Caught in the sub-prime housing collapse. I know they can relate to the rest of us who have seen the value of their homes decline as a result of the Great Recession. Makes them a little more human, doesn't it?

Typodong3 August 7, 2012 at 4:18 pm

Cept the part of them being able to afford a lawyer to get a huge tax-writeoff out of it.

shelwood46 August 7, 2012 at 7:53 pm

They could barely afford to demolish the house and build a brand new mansion with a car elevator. I feel so bad for them.

kittensdontlie August 7, 2012 at 9:43 pm

It shows Mitt in a new light. He is not afraid to stick it to the MAN, that's taxMAN in this case. He still is the MAN and by the way his campaign is going, he has been generously sticking to himself.

IonaTrailer August 7, 2012 at 4:07 pm

If I was the city of La Jolla, I'd be pissed at missing out on those property taxes.

ph7 August 7, 2012 at 4:10 pm

Mitt assures me La Jolla just would have blown it on the needy, anyway.

PhilippePetain August 7, 2012 at 4:39 pm

The needy in La Jolla = 17 year olds who don't yet have Benzes

Negropolis August 8, 2012 at 2:28 am

Fun Fact: La Jolla is technically a neighborhood in the City of San Diego.

AlterNewt August 7, 2012 at 4:09 pm

I''m sending him a dollar.

nounverb911 August 7, 2012 at 4:10 pm

With Nixon's picture on it?

AlterNewt August 7, 2012 at 4:22 pm

I was thinking Chuck Woolery

AlterNewt August 7, 2012 at 4:23 pm

I don't know why.

not that Dewey September 6, 2012 at 7:20 pm

D'oh!

coolhandnuke August 7, 2012 at 4:10 pm

"Get off my sand you pot smoking heathens, you're de-valuing my fancy sand castle."
–Mitt Romney.

ibwilliamsi August 7, 2012 at 10:37 pm

People are saying this. I read it on the internet.

Extemporanus August 7, 2012 at 4:10 pm

"When life gives you underwater mortgages, go yachting!"

- Mitt Romney

WhatTheHeck August 7, 2012 at 4:33 pm

so that’s how the 1% keep their head above water when the going gets rough.

Negropolis August 8, 2012 at 2:30 am

"When life gives you lemons, make a fine lemon sorbet with vanilla bean accents."

- Ann Romney/Martha "It's a Good Thing" Stewart

BaldarTFlagass August 7, 2012 at 4:11 pm

I bet the Romneys are shitty tippers, too.

ph7 August 7, 2012 at 4:14 pm

Mitt loves firing waiters.

johnnyzhivago August 7, 2012 at 4:37 pm

He's a NO TIPPER!!!!!!!!!!!!!!!!!!
http://patriotboy.blogspot.com/2012/07/give-barri

starfanglednut August 7, 2012 at 6:52 pm

Oh for fucks sake.

SorosBot August 7, 2012 at 4:11 pm

Did they pay taxes on the horse's house?

Typodong3 August 7, 2012 at 4:20 pm

The only taxes the Romneys are ever going to pay is the one when they are standing at the pearly gates. Thats gonna be SOME bill.

fartknocker August 7, 2012 at 4:32 pm

Her probably obtained an Agriculture exemption.

WhatTheHeck August 7, 2012 at 4:41 pm

Did they pay taxes on the horse's house?

No way. The horse had its own real estate agent/lawyer

SayItWithWookies August 7, 2012 at 4:42 pm

That's a write-off — because, apparently, owning a horse, paying for someone else to ride it, someone else to feed and care for it and someone else to train it is part of Ann's MS therapy.

rickmaci August 7, 2012 at 4:58 pm

Now that you say that, I bet they got their medical insurance to cover some of the costs too.

Goonemeritus August 7, 2012 at 4:12 pm

Tell me again he has nothing to hide in his Federal tax filings. Not only is he so rich that the 27k a year was totally irrelevant to him he is a politician. Look when you are running for POTUS this comes up he had to know it would come up yet he just couldn’t stop himself.

Biel_ze_Bubba August 8, 2012 at 12:19 am

I think it was Ann who first yelled at him, "You're running for President, for Pete's sake!"

HistoriCat August 8, 2012 at 11:58 am

I think Ann is probably more of the, "who cares what those people think?" variety.

She's probably also the person who told Zsa Zsa, "you don't have take that from this cop – you're a star!"

Monsieur_Grumpe August 7, 2012 at 4:12 pm

And after the taxes were reduced the Romneys celebrated with a nice turnip blood beverage.

IonaTrailer August 7, 2012 at 4:20 pm

Polite golf clapping

mlle_derp August 7, 2012 at 4:26 pm

Well, their beverage options are pretty limited, y'know?

starfanglednut August 7, 2012 at 6:54 pm

Washed down with water from a stone?

anniegetyerfun August 7, 2012 at 4:14 pm

Guys, he's only worth $250 million. 27K per year on a property like that is TYRANNY.

emmelemm August 7, 2012 at 4:25 pm

250 million… that WE KNOW ABOUT.

ETA: 250 million is what he has in his wallet and can show us immediately.

mrpuma2u August 7, 2012 at 4:15 pm

C'mon! Tis a far far better thing to put the money in the hands of an asshole lamprey lawyer, vs. the San Diego county govt. all full of brownz and blahs and socialists.

emmelemm August 7, 2012 at 4:27 pm

I've heard there are actually people of Messican descent in San Diego. And some of them might partake of… government services! (Or even just paved roads, whatever.)

SOCIALISM!

mrpuma2u August 7, 2012 at 4:54 pm

Yes not only messicans, but blahs, and get this, ORIENTALS!

Fraudulently_Joe August 7, 2012 at 4:17 pm

So Mitt Romney lowered the property values in his residential suburb? James David Manning was right! Mitt Romney really is secretly blah!!

ChillBill August 7, 2012 at 4:18 pm

You know what I REALLY hate? Paying for Mitt's tax breaks.

Biel_ze_Bubba August 8, 2012 at 5:27 pm

Supporting the jerb creators is the patriotic thing to do. Why do you hate Amercia?

weejee August 7, 2012 at 4:20 pm

Mittens thinks if we just would cut all taxes to those earning more than $1M $500K $250K per year America would be awash in jobs. Maids, gardeners, au pairs, the opportunities would be endless.

MissTaken August 7, 2012 at 4:20 pm

Sure the car elevator cost $55k, but everyone knows their value depreciates at least 50% the second you ride it down the shaft.

(I'm going to see if I can incorporate the word 'shaft' in each comment this afternoon).

anniegetyerfun August 7, 2012 at 4:25 pm

Damn straight.

SorosBot August 7, 2012 at 4:32 pm

Who's the black private dick who's a sex machine with all the chicks?

kingofmeh August 7, 2012 at 4:36 pm

sarge? rosemary the telephone operator?

MosesInvests August 7, 2012 at 5:02 pm

Shut yo' mouth!

chicken_thief August 7, 2012 at 4:21 pm

"…Peterson said he did not know how the Romneys determined that their house value had fallen so dramatically, but he thought they may have been reacting to dismal news reports."

That's what I'm looking for in POTUS candidate – someone who over-reacts to dismal news.

anniegetyerfun August 7, 2012 at 4:25 pm

This is exactly the kind of business and political acumen that we have been looking for in American leadership!

BaldarTFlagass August 7, 2012 at 4:27 pm

Yeah, sure want that guy answering the red phone at 3 AM.

BaldarTFlagass August 7, 2012 at 4:22 pm

61 feet. Where the hell did that extra foot come from? Or does he only buy property whose dimensions are prime numbers?

SmutBoffin August 7, 2012 at 4:49 pm

PRIMZAHLEN LIBEL

anniegetyerfun August 7, 2012 at 4:57 pm

My parents have a small cabin on a lake, and I think the standard waterfront width is 25 feet. The club next door recently decided that they actually owned 4 feet of our waterfont, and they came over (through the gate) and dug into the concrete (my parents weren't there, but renters were) and drew new boundary lines.

I figure that that is how Romney dealt with getting a few extra feet out of his neighbors, too.

Pithaughn August 7, 2012 at 4:24 pm

Meanwhile, my county uses real estate values to tax me based on sales 2 years ago. Here is my solution to county assessors overvaluing real estate. If I show up at the county office with my assessment, they have to write me a check for 90% of assessed value on the spot.
I'll bet that will keep those ass holes assessors in line.

BarackMyWorld August 7, 2012 at 4:30 pm

Meanwhile, the California budget crisis continues…

Can we all agree, Mitt's the first head-on-a-spike when the revolution comes?
What a DOUCHE.

rickmaci August 7, 2012 at 4:59 pm

and Marie AnnToinette follows.

TeaNuts August 7, 2012 at 5:19 pm

As long as Cheney is on another Spike!

Generation[redacted] August 7, 2012 at 4:30 pm

Pffft. he's an amateur compared to what we got here.
http://www.sfgate.com/realestate/article/3-millio

Larry Ellison, ranked 12th on the Forbes 500 list with a net worth of $25 billion, has bagged a $3 million tax break after arguing that his flamboyant Japanese-style estate in Woodside is functionally obsolete.

He spent $200 million building an authentic Japanese castle, and then claimed it's not worth anything because the design is not up to modern standards.

Romney/Ellison '12!

johnnyzhivago August 7, 2012 at 4:38 pm

At least Ellison made his money by making something!!!

Generation[redacted] August 7, 2012 at 5:37 pm

Yeah, and those freeloading schoolkids won't be getting any of his hard earned money.

new_pic_for_NEWTer August 7, 2012 at 5:05 pm

I also am lousy at home renovations – I feel a major windfall coming.
I mean cash – not the house blowing over.

Biel_ze_Bubba August 8, 2012 at 12:23 am

He spent $200 million building an authentic Japanese castle, and then claimed it's not worth anything because the design is not up to modern standards.

Wait … there are modern Japanese castles?

Fare la Volpe August 7, 2012 at 4:33 pm

Rich Business Fuck Games System; Rich News Fucks Pretend to Care

fartknocker August 7, 2012 at 4:36 pm

Hey Wonkette, if you add a picture of Rafalca, a car elevator and some other .gifs to the graphic, you would have a new Blingee!

Biff August 7, 2012 at 4:36 pm

Well duh-see how much less your house is worth after you run a bulldozer through it!

pinkocommi August 7, 2012 at 4:38 pm

Rmoney's savings of $109,000 in property taxes translates to about two years of salary for a laid-off teacher.

But, look at the brightside, Rmoney needs that money more than public school kids need a decent education.

Generation[redacted] August 7, 2012 at 5:38 pm

When was the last time a public school teacher gave you a job? Hennngggh?

johnnyzhivago August 7, 2012 at 4:39 pm

It's as if Mitt knows he's got this thing already bought and paid for, that's what has me worried…

timbo71351 August 7, 2012 at 4:44 pm

Doesn't this rich twit realize how bad it looks, that he's spending all this dough on expanding a mansion while he's running for president? And he's nickel and diming the county over property taxes? You would think one of his advisors would tell him to hold off on that shit until January 2013.

SmutBoffin August 7, 2012 at 4:44 pm

He got a huge tax break since the building is made of recycled materials: the bricks and mortar are comprised of 70% orphans.

SayItWithWookies August 7, 2012 at 4:46 pm

That's just your standard lower-my-property-assessment tax dodge — hell, my middle-class neighbors do it too. They brag about that, and then in the same breath complain about how lousy the schools are here and how they'll have to move to the suburbs once their little angels reach kindergarten age. No wonder I drink.

rickmaci August 7, 2012 at 4:53 pm

Twitt gets the elevator, the rest of us get the shaft.

OneYieldRegular August 7, 2012 at 4:54 pm

"I laid-off a firefighter with my property tax write-off."

Gleem McShineys August 7, 2012 at 6:22 pm

Laying them off is not bad, just not quite as rewarding as firing people.

lochnessmonster August 7, 2012 at 4:59 pm

the home value dropped when they tore it down!

OneYieldRegular August 8, 2012 at 10:07 am

When they tore it d-… Hey! Look over there! A bird!

ph7 August 7, 2012 at 5:06 pm

Mitt, go dodge taxes in a RED state. We don't need you free-riding in one of the finest, bluest states in America, a state that could actually use the money to pay for the fire and police force defending your fine mansion.

Generation[redacted] August 7, 2012 at 5:39 pm

Ha. He knows how high property taxes are in Texas. He's not building any mansions there.

SigDeFlyinMonky August 7, 2012 at 5:08 pm

I think I understand. Romney overpaid because either he's stupid or he didn't overpay and he is a parisimonious patrician poltroon partial to plundering the public pelf!

just_a_head August 8, 2012 at 2:45 am

Awesome alliterative animadversion alert!

OneYieldRegular August 8, 2012 at 10:09 am

If you're trying to increase your p, yer doin' it rong.

BeefHardcake August 7, 2012 at 5:09 pm

$100K over four years.

Or, as Mitt Romney would call it, "spare change."

(All snark aside, that's such a paltry amount to him I'm kinda surprised he even bothered.)

Generation[redacted] August 7, 2012 at 5:42 pm

Maybe one of his sons needed a new car, and he didn't want to pay the short term capital gains tax on cashing out stock? I'm sure this just made more sense. Or maybe his lawyers are under standing orders to lower his taxes in any way possible.

jakegittes August 7, 2012 at 5:40 pm

"After paying cash for the Mediterranean-style house with 61 feet of beach frontage . . ."

The only thing that would make this story complete would be finding out that later the Rmoneys pulled all of their cash out of the house with a sweetheart mortgage given to them by Tangelo Mozillo's Countrywide Financial and since pulling all that cash back out, the Rmoneys haven't made one single payment on the mortgage and have been enjoying the beach front house ever since, "rent free" because the lender is taking its sweet ass time to foreclose so as to disguise the fact on its books the Rmoney mortgage ain't worth $12.2 Million but instead is worth maybe $5 Million, if that.

fuflans August 7, 2012 at 5:55 pm

the more we know about romney, the less there is to like.

it's almost as if his name was willard or something.

Midway117 August 7, 2012 at 7:19 pm

So this lawyer doesn't know how the Romneys did what the lawyer was paid to do?

not that Dewey August 7, 2012 at 9:07 pm

Not if he wants to keep his job, he doesn't.

ttommyunger August 7, 2012 at 7:28 pm

Now that, ladles and germs, is Trickle-Down in action.

Designer_Rants August 7, 2012 at 7:47 pm

I think the value of Merika fell 45% when Romney clinched the Repiglican nomination.

Mapmonger August 7, 2012 at 8:05 pm

Christ, what an asshole.

rocktonsam August 7, 2012 at 10:06 pm

PRESIDENT ASSHOLE,

probably not

JohnnyBrooklyn August 7, 2012 at 10:00 pm

WHAT??? HE LOWERED TAXES! May god bless Mitt and his magic underwear. OK, admittedly he didn't lower taxes for many people but at least he lowered taxes.

Sincerely,

48% of America

fitley August 7, 2012 at 10:14 pm

Can Mitt fit his short bus on the car elevator?

ibwilliamsi August 7, 2012 at 10:36 pm

You can't make this shit up.

Jukesgrrl August 8, 2012 at 12:48 am

"Peterson said he did not know how the Romneys determined that their house value had fallen so dramatically, but he thought they may have been reacting to dismal news reports."

So, in other words, this too was Obama's fault.

Negropolis August 8, 2012 at 2:23 am

How dramatically did the Romneys’ beach house value fall? It fell by 45 percent just eight months after they bought it, according to the Romneys!

There goes the neighborhood.

BaldarTFlagass August 7, 2012 at 4:19 pm

Exactly. Or stored them all in shoe boxes, with elastic bands wrapped around them to keep them together and cut into the sides. All dog-eared and shit. Worthless.

Mahousu August 7, 2012 at 4:36 pm

Christine O'Donnell libel!

starfanglednut August 7, 2012 at 5:58 pm

Dude, do you shave your junk?

Fraudulently_Joe August 7, 2012 at 4:48 pm

Huh. In that case, I seem to keep getting obsolete models.

You don't think I could get a tax write-off for that, do you?

emmelemm August 7, 2012 at 5:19 pm

No, the ladies are still all being made with the bush option. More and more are engaging in aftermarket modifications, however.

NellCote71 August 7, 2012 at 8:56 pm

Son, is that you. Seriously, I asked my son about this very topic and I was told, "Mother, this is an inappropriate conversation."

SorosBot August 7, 2012 at 7:06 pm

Of course I do; it's common courtesy.

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