And why was Harry (the booty) Reid so insistent during last years campaign that Romney show his tax returns? That scoundrel kept on pushing this even though there really was nothing of substance to it. Is Reid in on it too?
This is an excellent question.
There's some category of taxation ~ possibly federal income tax ~ that Romney escaped in that period. Just guessing it might have been federal tax exempt municipal bonds. But then, as the economy continued to sink in 2009/2010 and more and more cities and counties looked like they'd fail to pay on those bonds, he dumped them and went into other investments, albeit investments where he did pay taxes!
Only IRS would know ~ fur shur Romney didn't have the same tax accountant over the entire period so even that guy or gal wouldn't know either. Pretty limited audience on this one!
Not that Romney did anything wrong, but the class warriors on both sides of the political chasm like to dump on people who don't pay federal income taxes no matter how lawful and reasonable such nonpayment might be.
Note, for the record, in my opinion the federal income tax is another failed government program. It was supposed to pay the bills and it doesn't. Now they're taxing my blood sugar measurement tabs ~ and that's clearly the desperate measure of a bankrupt system. Time to repeal the 16th and turn to something else ~ maybe an export tax!