Mitt's Taxes

post from DemConWatch on 18 July 2012 05:31:53 AM. © DemConWatch

I keep watching the whole Mitt tax thing like a slow motion train wreck. Why wouldn't he release the data? He certainly has copies, he provided 23 years of tax data to McCain in 2008. It can't just be because he's rich...everyone already knows that. It could be that he doesn't want to disclose how his IRA is worth between $21 million and $102 million. Given the limits of what a regular person can contribute, it seems incredible. Here's one possible explanation.

It might also be that he didn't pay any taxes at all for a number of years. In general, this wouldn't really matter. Take someone like Joe Biden, who was the least rich member of the Senate for the whole time he was there. He earned his salary, paid his mortgage, borrowed to put his kids through school, and had that huge transportation bill for taking the train back and forth from DC to Delaware EVERY day. When running for Veep, it came out that he had a negative net worth. His taxes would not have been too interesting. But Mittens has run on a platform that the rich pay too much in taxes, and therefore we need to cut taxes to the rich so that they can create more jobs. Oh wait, Chinese jobs...sorry. I get confused by Mitten's rhetoric. Seriously, what happens to his argument if he paid no taxes on income of mega-millions in investment income while creating no net jobs at Bain, nor as governor...will he want the earned income credit?

For me, I think it's the addresses. He was able to get on the Massachusetts ballot by saying he worked for Bain, and therefore had Mass residency in 2000, 2001 and 2002. But that may not be true. Here's more info on that. Releasing the tax returns, with the addresses, may set him up for perjury charges, not to mention charges of voter fraud.

But that's just my opinion. What do you think is the real reason?

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