Qtec
07-17-2012, 02:00 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Meanwhile, speculation over what he’s hiding continues to mount.
From The New Yorker
Romney’s filings indicate that his effective federal income-tax rate in 2010 was 13.9 per cent, and his estimated rate for 2011 is 15.4 per cent. Those figures reflect the fifteen-per-cent tax rate on capital gains and dividend income. But it is perfectly possible that in earlier years he paid even lower rates. Since his 2010 and 2011 returns were prepared during an election campaign, it seems likely that his accountants took a conservative approach to deductions and other aspects of his finances. In prior years, they may well have been more aggressive. And maybe at some point Romney suffered some investment losses that enabled him to reduce his tax burden in subsequent years. Obviously, we don’t know. But there may have been a year in which Romney’s federal tax rate was in the single figures, and possibly even close to zero.
<span style='font-size: 14pt'> This seems pretty unlikely. But, hey, as Matthew Dowd noted, “there’s obviously something there, because if there was nothing there, he would say, ‘Have at it.’ ”
</span>
There may be no way to confirm it, but Abby Huntsman of Huffington Post is reporting that people close to Romney say he would exit the presidential race before he would reveal more tax returns.
<u>Romney has clearly calculated that more financial disclosure would effectively end his candidacy.</u> </div></div>
I wouldn't go that far but this refusal to come clean to the American public won't go down well. A lot of people who voted for Bush did so because they trusted him. How many of those voters really believe the flip-flopping serial liar Willard Romney, who has foreign bank accounts and won't show his tax returns?
Q
From The New Yorker
Romney’s filings indicate that his effective federal income-tax rate in 2010 was 13.9 per cent, and his estimated rate for 2011 is 15.4 per cent. Those figures reflect the fifteen-per-cent tax rate on capital gains and dividend income. But it is perfectly possible that in earlier years he paid even lower rates. Since his 2010 and 2011 returns were prepared during an election campaign, it seems likely that his accountants took a conservative approach to deductions and other aspects of his finances. In prior years, they may well have been more aggressive. And maybe at some point Romney suffered some investment losses that enabled him to reduce his tax burden in subsequent years. Obviously, we don’t know. But there may have been a year in which Romney’s federal tax rate was in the single figures, and possibly even close to zero.
<span style='font-size: 14pt'> This seems pretty unlikely. But, hey, as Matthew Dowd noted, “there’s obviously something there, because if there was nothing there, he would say, ‘Have at it.’ ”
</span>
There may be no way to confirm it, but Abby Huntsman of Huffington Post is reporting that people close to Romney say he would exit the presidential race before he would reveal more tax returns.
<u>Romney has clearly calculated that more financial disclosure would effectively end his candidacy.</u> </div></div>
I wouldn't go that far but this refusal to come clean to the American public won't go down well. A lot of people who voted for Bush did so because they trusted him. How many of those voters really believe the flip-flopping serial liar Willard Romney, who has foreign bank accounts and won't show his tax returns?
Q