What’s in Romney’s Unreleased Tax Returns: He Overpaid His Taxes by Erick Erickson

[Swede]

snip (from Redstate)

So what about the years before 2009? We know he turned over more than two decades of returns to the McCain campaign during the veepstakes vetting process. What was in them? “Mitt’s taxes were complex, but clean. He overpaid his taxes.

An honest appraisal would find nothing to criticize, though Romney’s staff, for better or worse, doesn’t seem to trust the returns to be honestly appraised by the media,” says a source closely familiar with the 2008 vetting process.

http://www.redstate.com/erick/2012/07/19/whats-in-romneys-unreleased-tax-returns-he-overpaid-his-taxes/

[Skinner]

1. That's classic.

Love it.

[rurallib]

2. If you can't believe Erick Erickson, who can believe?

[Bolo Boffin]

3. So then he has lied to the American people.

He's on tape saying he didn't pay a dollar more than he should. If he did overpay, bully for him! But why lie?

ETA: Link to the quote:

http://www.vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts

In the face of such arguments, Romney’s defense is that he never broke the rules: if there is a problem, it is in the laws, not in his behavior. “I pay all the taxes that are legally required, not a dollar more,” he said. Even so. “When you are running for president, you might want to err on the side of overpaying your taxes, and not chase every tax gimmick that comes down the pike,” says (Lee) Sheppard (of Tax Notes). “It kind of looks tacky.”

Stop helping, Erick Erickson!

[russspeakeasy]

5. I think it comes natural to him.

[bongbong]

7. That's a good one, and creates a nice headline

"Erick Erickson accuses Flip-Flopper of lying about his tax returns".

[chowder66]

4. Then if he released his tax returns it would make him look good.

right Eric?

[SoutherDem]

6. If he overpaid why have the offshore accounts

If he overpaid he would have released them during the primaries.

[Politicalboi]

8. Rmoney is going to get away with it

Mark my words. He's going to get away with it unless more is looked into between his SEC filings, and his time as Gov of Mass. We may as well put the tax issue behind us. This is going to be the new norm for the GOP unless they change requirements for running for President.

[SunsetDreams]

9. The ONLY way he gets away with it, is if he is elected.

"We may as well put the tax issue behind us"

Thanks, but no thanks. Romney and the GOP are going to wish they were still playing with friendly fire in the Primaries.

[progressivebydesign]

10. problem is, the media has moved away from it and are airing Mittney's attacks 24/7 now.

We didn't really think that the mega millionaires who run and perform on the tv news would actually NOT support a wall street insider?

Mitt is not qualified to be president. He is not qualified to be an American, frankly... he should go live in Bermuda with his money. But.. he promises great riches to the upper crust who work at the networks.

[Enrique]

11. my reporting tells me Im married to Morgan Fairchild

[rateyes]

15. ooooh.

Lucky you!

[Ruby the Liberal]

12. Oh, I'm sure thats it.

And he's too embarrassed for his team of CPAs and tax attorneys to call attention to it.

[cbdo2007]

13. "Overpaying" has nothing to do with how much you owe.

Actually, this would prove he used many, many deductions to lower the amount he needed to pay, which would insure a big refund.

I'm sure he probably did "overpay" cause he has to pay taxes quarterly on self employment income, which at that point was probably a large portion of his income. Then at the end of the year, he used all these fancy tax tricks (that only rich people can use for some reason) to lower the amount he owed to the govt, and then he probably got a big refund.

Same thing with a refund - overpaying really has nothing to do with your tax rate and what you owe.

[Bolo Boffin]

14. Oh, yes. That has the flavor of weasel GOP advocates usually exhibit.

Good call.

[ProSense]

16. Wait

"What’s in Romney’s Unreleased Tax Returns: He Overpaid His Taxes by Erick Erickson"

...so he's saying Mitt is a moron?

I mean, only a moron would allow himself to be criticized for tax dodging and paying a too small percentage of his income in taxes when all he had to do is release his returns and prove he "overpaid."

[aint_no_life_nowhere]

17. He didn't even take a deduction for the rare dressage unicorn Ann rides

and those things have very expensive upkeep.

[librechik]

18. hahahahahahaha...NOT