job creators

Oh Boy Mitt Romney Really Hates Paying Taxes

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]

About the author

Kris E. Benson writes about politics for Wonkette and is pursuing a doctorate in philosophy. This will come in handy for when they finally open that philosophy factory in the next town over. @Kris_E_Benson

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143 comments

        1. BaldarTFlagass

          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

          1. BaldarTFlagass

            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.

    1. Puffperney

      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.

  1. nounverb911

    "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.

    1. Typodong3

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

    2. Biel_ze_Bubba

      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.

  2. mayor_quimby

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

    1. Typodong3

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

      1. NellCote71

        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.

    1. new_pic_for_NEWTer

      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.

  3. docteur_giraud

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

    1. BaldarTFlagass

      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.

          1. Fare la Volpe

            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.

          2. emmelemm

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

          3. NellCote71

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

    2. mrpuma2u

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

  4. PuckStopsHere

    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."

      1. Butch_Wagstaff

        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.

  5. LastGasp

    … 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.

  6. grex1949

    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?

    1. Typodong3

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

    2. shelwood46

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

    3. kittensdontlie

      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.

  7. coolhandnuke

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

    1. Negropolis

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

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

    1. Typodong3

      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.

    2. WhatTheHeck

      Did they pay taxes on the horse's house?

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

    3. SayItWithWookies

      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.

      1. rickmaci

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

  8. Goonemeritus

    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.

    1. Biel_ze_Bubba

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

      1. HistoriCat

        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!"

  9. Monsieur_Grumpe

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

  10. anniegetyerfun

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

    1. emmelemm

      250 million… that WE KNOW ABOUT.

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

  11. mrpuma2u

    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.

    1. emmelemm

      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!

  12. weejee

    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.

  13. MissTaken

    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).

  14. chicken_thief

    "…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.

    1. anniegetyerfun

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

  15. BaldarTFlagass

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

    1. anniegetyerfun

      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.

  16. Pithaughn

    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.

  17. BarackMyWorld

    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.

  18. Generation[redacted]

    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!

      1. Generation[redacted]

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

    1. new_pic_for_NEWTer

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

    2. Biel_ze_Bubba

      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?

  19. fartknocker

    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!

  20. pinkocommi

    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.

  21. timbo71351

    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.

  22. SmutBoffin

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

  23. SayItWithWookies

    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.

  24. ph7

    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.

    1. Generation[redacted]

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

  25. SigDeFlyinMonky

    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!

  26. BeefHardcake

    $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.)

    1. Generation[redacted]

      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.

  27. jakegittes

    "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.

  28. JohnnyBrooklyn

    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

  29. Jukesgrrl

    "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.

  30. Negropolis

    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.

Comments are closed.