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#1 Romney did that by not taking full advantage of his charitable deductions.
It's called audit-proofing. I guarantee Romney's tax returns have been audited by the IRS at least once. An agent walks in and may find something - you respond with deductions and writeoffs you didn't put on the tax return. Stalemate. I don't have the stats right in front of me but seven figure AGI's are audited about 10 percent of the time by the IRS; the Mass. DOR's probably been on his ass more than that.
Posted by Raj 2012-09-22 10:09||
#2 Smart on Romney's part. Probably has a good accountant/tax adviser. Any sensible person would do the same.
Posted by JohnQC 2012-09-22 10:41||
#3 Romney didn't take full tax advantage of deductions because he'd pledged to keep his taxes at 13.something %. He'd have been way below that if he'd taken them all.
And yes, he's no doubt audited often. But PriceWaterhouseCooper is a heavy hitter in the tax accounting arena. I doubt the IRS finds anything, and I don't think the Dems thinks so either.
What they want is to paint a horrible picture with people who don't stop to think about issues like, "why is it good for us all if the wealthy invest their after-tax earnings, and pay lower rates on the resulting new earnings?".
Posted by lotp 2012-09-22 13:58||
#4 What they want is to paint a horrible picture with people who don't stop to think about issues
Just appealing to natural tendency to envy and hate these who're doing better then us.
Posted by g(r)omgoru 2012-09-22 14:16||
#5 so what tact does alleged Pederast Harry Reid take now? OH! "he's hiding something! He's hiding something!"
How about you release yours, Harry, to show how a bureaucrat politician can become a multi-millionaire? Also, please prove that the Pederast allegations aren't true?
Posted by Frank G 2012-09-22 14:22||
#6 Harry, how about those sweet land deals you got? Hillary still hasn't explained her sweet deals where she made a lot of money in questionable deals such Porkbelly Gate and Whitewater Gate. What is it with you guys and gals(?).
Posted by JohnQC 2012-09-22 14:52||
#7 I have never seen the media so excited about a politician with legal tax returns.
Posted by Airandee 2012-09-22 15:29||
#8 Keep humping that chicken MFM and pretty soon you'll be able to use the wishbone.
Posted by Jack is Back! 2012-09-22 15:39||
#9 Harry, how about those sweet land deals you got?
Not to mention Nancy Pelosi and her ties to the Hunter's Point land deal.
Posted by Pappy 2012-09-22 20:08||