Reply to HARRY REID-ROMNEY PAID ZERO, NOTHING IN TAXES 10 Years

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]After bashing Romney for a week (and oh boy did you deserve it, Mittens), I'm going to go sympathetic on him for a minute.

I bet that it's true, but not for dishonest reasons.  He could be holding a lot of loss carryforwards, which would be totally legitimate tax-wise but hard to explain to a bunch of people who have no idea what they are.

If this is true, it makes me sympathetic to him.  His tax bill could be zero for justifiable reasons that would nevertheless lose him a lot of trust and that would be unfair.

So I might blame him for using foreign tax shelters.  I might despise him and his hedge fund supporters for buying off the politicians to ensure they get a 15% rate on carried interest.  But I can't say a word about NOL carryforwards.  That's just basic fairness.[/quote]

It may be legitimate, although aggressive, tax strategy for an individual filer.  But it's fair game for scrutiny if you seriously want to be President of the United States.

As Truman said, "if you can't stand the heat, get out of the kitchen."  (As if Romney knows his way around a kitchen....)[/quote]

NOL carryforwards are not aggressive.  Turbotax will calculate them for you.  You may have them and not even realize it.  Schedule D, line 14.[/quote]

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