Seven Tax Return Questions Mitt Romney Left Unanswered Today
Mitt Romney said on Thursday on the campaign trail that he never paid less than a 13 percent tax rate, adding that continued calls for him to release his tax returns are “small-minded.” “I did go back and look at my taxes, and over the past 10 years I never paid less than 13 percent,” he said. “And if you add in addition the amount that goes to charity, why the number gets well above 20 percent.”
Leaving aside that Romney expects everyone to simply take his word for it that this is true, there are still many questions that can’t be answered without seeing Romney’s tax returns. Here are seven:
1) What kind of taxes?
2) What sort of deductions did Romney employ?
3) How did Romney’s IRA grow so large
4) What sort of offshore tax strategies does Romney use?
5) Was Romney’s Swiss bank account disclosed on all tax returns for all years?
6) Did Romney participate in the IRS’s settlement initiative for undeclared offshore financial accounts (the amnesty)?
7) Why did Romney invest in Houston rental real estate that was explicitly marketed as a tax shelter?
explanations at link
http://thinkprogress.org/economy/2012/08/16/700611/romney-seve-tax-return-questions/
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rocktivity
