Results: Romney, Bain Capital and tax
Published on 09/02/2012
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The N.Y. Attorney General is investigating whether or not some of the nation's biggest private equity firms have abused a tax strategy to slice hundreds of millions of dollars from their tax bills. One of the firms is Bain Capital, which was founded by Mitt Romney. Some of the executives at the equity firms suspect that the Attorney General, Eric Schneider, a first- term Democrat with ties to the Obama administration, was seeking to embarass the industry because of Romney's roots with Bain Capital. The tax strategy which is highly used at many equity firms and is legal, enables certain management fees to be taxed at 15% instead of a maximum of 35%. Do you think this is just a means to try to somehow give bad publicity to Mitt Romney or for the state to obtain more tax revenue?
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Romney, Bain Capital and tax To try to give bad publicity to Mitt Romney.
28%
146 votes
To obtain more tax revenue.
28%
143 votes
N/A
44%
229 votes
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