Well....I sorta think Romney has been paying some taxes.
His 2010 form:
http://thorndike.com/wp-content/uploads/2012/01/Romney1040-2010.pdf
Says he paid $672k in state/local income tax, presumably in 2009.
And, it says he paid $4,619,207 in 2010 federal taxes.
This was an overpayment of $1,609,441, which he applied to next year’s taxes.
Where did his income come from?
$3,295,727 in interest
$4,923,348 dividends
$593,996 business income
$12,573,249 in capital gains
Here’s 2011:
http://www.boston.com/news/politics/2012/president/candidates/romney/romney_tax_return_1040_2011/
$4,099,136 in interest
$3,168,867 dividends
$10,700 capital gains
He paid $3,434,441...which was an overpayment of $207k.
Now again I ask....really, in all seriousness, do you think somebody (who is a public figure) is going to be able to get his tax liability down to zero for ten straight years...only to be in the $3-$4 million range of taxes paid the following two years?
All the fantastic deductions people are talking about (horse for example) are part of business....but it would be a neat trick to have his business run a loss for ten consecutive years (which I don’t even think is allowed), and have that loss large enough to offset his huge gains. May (and its a big maybe) he had capital losses and no dividends in those years....but his interest income should keep trucking along, right?
Mitt Romney paid no federal taxes for 10 year? If that’s true, I’ll eat my hat. Its just not possible.
Just keep in mind (and I heard this from a reliable source), Harry Reid wears pink thong underwear, while on the senate floor. Don’t believe me - just ask Harry to show you his underwear.
Why is the Senate Majority Leader accusing a private citizen of breaking the law from the floor of the Senate?
Or, if Romney is legal, is he proposing the gov’t create a tax for Romney? - the Senate can’t do that, by law.
Why aren’t Republicans calling for Reid to step down or voting to censure him? (Wait, why am I asking? This is the McConnell GOP.)
Then he should just release them and prove Harry Reid is a liar. The longer he doesn’t, the more that they are just going to keep on raising the issue.