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Reply to "What is hidden in Romney's gas returns??"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]He's released a tax return. How many years of tax returns should candidates release?[/quote] He needs to release one more year, and I will explain why. A year ago, when he was running for the nomination, he steadfastly refused to turn over 2009. He released 2010 and and estimate for 2011 (his 2011 taxes aren't done yet, for perfectly valid reasons). So any sane person has to ask, why was he so adamant in refusing to turn over 2009? At the time, it would have only been 2 years of returns. And he fought and fought it. You only fight something like that when there is a reason. Maybe it's because (as this article states) 2009 includes carried interest from his Bain years, and so dodging his 2009 return prevents the public from seeing this. http://seattletimes.nwsource.com/avantgo/2017075534.html Maybe it's because of the UBS tax evasion case. In 2009, UBS was investigated for offering accounts to US citizens in order to dodge taxes. During this time I am sure a lot of investors dumped the accounts, because by 2010 the government forced UBS to cough up the names of account holders. And then there are the Cayman accounts. [/quote] There's also the possibility that he didn't pay taxes at all in 2009 b/c of losses in 2008. Which would be totally legitimate -- moreso than the other scenarios you're describing. But it still looks bad.[/quote]
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