The Daily Grind Video

What are you hiding Mitt Romney?

That’s the central question everyone wants to know when it comes to Romney’s dealings with his former company Bain Capital and his tax returns, which he has refused to disclose publicly.

Many in his own party are even telling him to just release the documents.

According to Romney, he’s not releasing his returns because of the Democratic opposition researchers, claiming they will find something to twist.

Romney told an NBC Affiliate in Pittsburgh:

“Oh, I think people in my party just say, ‘Look, this is a non-issue, just release the returns and it will all go away.’ My experience is that the Democratic Party these days has approached taxes in a very different way than in the past.

Their opposition people look for anything they can find to distort, to twist, and to try and make negative, and I want to make this a campaign about the economy and creating jobs.

And they want to make this campaign about attacking people and diverting attention from our job picture in this country.”

That’s all well and good Romney, but when will you realize that if you continue to hide information from the public, it’ll only get harder to defend?

Ask Herman Cain.   

But that’s only one issue; Romney also has offshore accounts in the Cayman Islands, where many rich people send their money to avoid paying a higher tax rate.

Money Mitt has to disclose all and any information when it comes to his tax returns and offshore accounts before he gets tagged as the out of touch rich guy. Then again, it may be too late.

Which is why an investigative exposé by Vanity Fair’s Nicholas Shaxson had to break down all of Mitt’s money moving, his days with Bain Capital and his retirement plan.

Here are a few things you need to know when it comes to Money Mitt Romney.


Even though Mitt left Bain in 1999 or 2002, he has continued to receive large payments from it. In early June, he revealed more than $2 million in new Bain income.


Bain has at least 138 funds organized in the Cayman Islands, and Romney himself has personal interests in at least 12, worth as much as $30 million, even though his campaign insists he saves no tax by using them.


Mitt has an estimated net worth as high as $250 million, making him the richest person ever to be nominated for president.


Mitt’s father, George Romney, released 12 years of tax returns in November 1967, just ahead of his presidential campaign. In fact, he was one of the first politicians to reveal his tax returns.


In his 2010 tax return, a $3 million Swiss bank account appeared.



In 2010 and 2011, Mitt and Ann paid $6.2 million in federal tax on $42.5 million in income, with an average tax rate just shy of 15 percent.

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