Gawker just dumped 950 pages of internal documents, mostly internal audited financial statements, from 20 funds tied to Bain Capital, investment vehicles for Mitt Romney, which they claim “reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama’s fiscal approach and his money managers’ embrace of those same policies.”
The documents are quite jargon-heavy, and much of the information in the document dump that’s been revealed so far consist of reiteration or extended details of information that has already been revealed about tax-dodging schemes. So I’m not totally sure that we’re going to get so much out of these Bain documents, at least not right away. They add some color to the well-known fact that Romney, like many rich people, goes to great lengths to shelter his money from taxation.
However, we did learn something pretty valuable about Mitt Romney’s tax situation today. Romney doesn’t want to make his tithing public.