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Anonymous allegedly hacked Romney tax records

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Re: Anonymous allegedly hacked Romney tax records

#71
post #18

Earlier quoted context omitted.

Eh, I'm not sure. It's pretty clear what's in Romney's returns at this point (a lower than average income tax rate, though it's hard to say whether it's closer to 5% or 15%), so I don't see a huge downside risk for him in them being released. If they upped their demands to, say $10 million, we're talking about real money, even for Mitt. Enough to get an extra percent of the vote or so in a moderate sized state. Unles…

A quick point and a theory: First, it's not true that the average American pays 15% in income taxes. An typical family in the middle of the income spectrum pays about 5.6%.[1] As far as Romney's returns go, I have a hunch that the political problems wouldn't be in the numbers, but in something like his charitable giving, of which there's an awful lot. What if one of the church programs he gave to turns out to have ha…

I misspoke: it's not that Romney pays a lower average income tax rate, but pays a lower average federal tax rate, including payroll. For most people, income taxes make up a negligible part of that total tax burden.

I doubt the charitable giving would be a problem, and I'm also skeptical of the "Romney took a tax amnesty in 2009" theory. At this point I think it's mostly bull-headedness: Romney thinks no one has a right to see his private financial information, and he's sticking by that, come hell or high water.

Re: Anonymous allegedly hacked Romney tax records

#73

What if it's all a scheme to drive up the value of bitcoin via speculation? Increased attention to the currency will have some bidding up the price, so anyone just holding bitcoin could profit, even if without 1 coin being sent to either address. Of course, if someone did try to make the payment and purchase a million bucks of bitcoins, that would drive the price sky high.

My first thought is that it would do the opposite: increase political pressure on Bitcoin so that it may become more difficult to use (legally). This would drive down the price since many buyers are speculating on Bitcoin becoming more mainstream one day.

Re: Anonymous allegedly hacked Romney tax records

#76
post #71

Earlier quoted context omitted.

A quick point and a theory: First, it's not true that the average American pays 15% in income taxes. An typical family in the middle of the income spectrum pays about 5.6%.[1] As far as Romney's returns go, I have a hunch that the political problems wouldn't be in the numbers, but in something like his charitable giving, of which there's an awful lot. What if one of the church programs he gave to turns out to have ha…

I misspoke: it's not that Romney pays a lower average income tax rate, but pays a lower average federal tax rate, including payroll. For most people, income taxes make up a negligible part of that total tax burden. I doubt the charitable giving would be a problem, and I'm also skeptical of the "Romney took a tax amnesty in 2009" theory. At this point I think it's mostly bull-headedness: Romney thinks no one has a rig…

For most people, income taxes make up a negligible part of that total tax burden.

Ignoring the employer "contribution" sleight-of-hand, payroll taxes in 2012 are 4.2% SS + 1.45% Medicare, or 5.65%. Adding in the income tax burden, and you're still looking at a total Federal tax burden of under 12%.

Re: Anonymous allegedly hacked Romney tax records

#77
post #63
post #47

I don't understand why they made this a public posting. Romney isn't incentivized to pay up once the blackmail is public knowledge -- payment is equivalent to admitting guilt. Might as well keep your money and take the hits. I don't see any situations where this beats contacting the campaign privately, with a document or two in hand to prove that you have the real stuff. Unless, of course, if this is just a stunt tha…

This isn't about getting Romney to pay, it's about getting some suckers to send a little money to the addresses on their own. Here's the balance for the "stop release" account https://blockchain.info/address/1HeF89wMjC48bWNgWvVo7Wu3RaLW... and the "promote release" account https://blockchain.info/address/12AP6iCwRNFQqKLStH3A4b4hw3SL...

Someone was sending "binary" (10101) amounts of bitcoins to the address, to spell out an imgur link as a joke.

Re: Anonymous allegedly hacked Romney tax records

#78
post #67
post #62

The ransom note has pretty specific language: "Romney's 1040 tax returns were taken from the PWC office 8/25/2012 by gaining access to the third floor via a gentleman working on the 3rd floor of the building. Once on the 3rd floor, the team moved down the stairs to the 2nd floor and setup shop in an empty office room. During the night, suite 260 was entered, and all available 1040 tax forms for Romney were copied." A…

By taking a line item deduction and making it public to the penny. Unequivocal confirmation.

Good point, that would be the 'proof of life' in this case (at least for Romney and PwC).

Re: Anonymous allegedly hacked Romney tax records

#79
post #63

Earlier quoted context omitted.

This isn't about getting Romney to pay, it's about getting some suckers to send a little money to the addresses on their own. Here's the balance for the "stop release" account https://blockchain.info/address/1HeF89wMjC48bWNgWvVo7Wu3RaLW... and the "promote release" account https://blockchain.info/address/12AP6iCwRNFQqKLStH3A4b4hw3SL...

Someone was sending "binary" (10101) amounts of bitcoins to the address, to spell out an imgur link as a joke.

What's the link?
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