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Harry and the Democrats know almost every investor lost a bundle in 2007/2008. The law allows you to carry losses back 3 years and forward 7. That's all there is to it other than some details, limitations, etc. which I am sure he has folks available necessary to take advantage of to the fullest.

If Romney did carry back losses he could have gotten a HUGE tax refund for 2004, 2005 and 2006.

Now none of this is unlawful, but remember the reaction when folks discovered the corrupt multi-billion dollar General Electric Corporation paid no taxe?

Romney knows to a degree he's able to feel any emotion that if he reveals these things he will lose.

Frankly, I think the guy's going to lose anyway ~ so why does he want to keep pretending.

“...every investor lost a bundle in 2007/2008. The law allows you to carry losses back 3 years and forward 7.”

Well we know he didn’t carry them forward in 2010, so Reid is wrong even in that unlikely scenario.

"Harry and the ... almost every investor lost a bundle in 2007/2008." Not really the case as investor losses are usually capital losses and they are available to offset similar gains but not to carry back. One can only deduct $3000 of such net losses per year. If the losses were not capital losses, but business passive losses such as those arising from an LLC or a partnership, net operating losses, they may be carried back three years as you state. The 2007-8 he meltdown you reference was mainly market driven i.e., not business driven per se.

The whole purpose of the allegation is to provide the left and the media with a feeding frenzy year by year, return by return, page by page, line by line etc. Mitt can afford the best tax advisors and Mitt may not have paid any income taxes at all as Reid alleges. Good for him. The Kennedys went for decades with essentially muni-bond interest in the millions as sole sources of income. Not even required to be reported on one's 1040 until rather recently.

Dear Obama supporter, muwiyah.......is that ALL you can do is denegrate our ONLY chance to get rid of your guy, Obamba?? DU is calling, they lost their first O guy.