Adviser says Romney to release 2011 tax return by October 15
Source: Reuters
(Reuters) - Republican U.S. presidential challenger Mitt Romney plans to make public his 2011 tax return by October 15, a senior campaign adviser said on Sunday, as President Barack Obama's re-election team pressed its criticism of Romney's decision not to disclose more about his personal taxes.
Romney, a former private equity executive who is one of the richest men ever to run for president, has come under pressure for months from the Obama campaign to release more years of tax returns.
He has released his 2010 tax return and estimates for 2011 but does not plan to reveal more years of returns. In April, he requested an extension from the Internal Revenue Service to file his 2011 tax forms, while estimating his tax liability at $3.2 million for last year.
Ed Gillespie, a senior Romney adviser, indicated the former Massachusetts governor would release the 2011 return by October 15, about three weeks before the November 6 election, but refused to say exactly when.
"Look, October 15 is the deadline for the IRS on an extension. We have said as soon as they're ready we're going to release them. And I believe they'll be ready before that," Gillespie told the "Fox News Sunday" program.
Read more: http://in.reuters.com/article/2012/08/19/us-usa-campaign-taxes-idINBRE87G0RN20120819
livetohike
(22,145 posts)russspeakeasy
(6,539 posts)Smilo
(1,944 posts)"I had my accountants re-work my 2011 taxes to show I paid a 99% tax rate."
GreenPartyVoter
(72,378 posts)emulatorloo
(44,131 posts)wordpix
(18,652 posts)2pooped2pop
(5,420 posts)Do we know the amount and how it compares to this supposed 3 million?
Rosa Luxemburg
(28,627 posts)Historic NY
(37,451 posts)but then again he has missed deadlines before I wouldbn't believe anything at this point.
lonestarnot
(77,097 posts)mittwit know they're still talking about his taxivasion over at foxie?
emulatorloo
(44,131 posts)radhika
(1,008 posts)For the years during the run-up to the collapse and bailout. He likely 'sterilized' the returns for his campaign years.
Live and Learn
(12,769 posts)Now we would like to know when he is planning to pay his taxes from the years 2009 and earlier.
It is never too late to pay your taxes Mittwit.
JBoy
(8,021 posts)It guarantees a bump to the tax return story at that time.
flamingdem
(39,313 posts)even the returns he is obliged to reveal.
By then his hate ads will be flooding the airwaves.
LiberalEsto
(22,845 posts)Give the guy a break. I'm sure his accountants are working overtime to black out anything informative in rMoney's 2011 tax return. You can't hide evidence overnight.
maddezmom
(135,060 posts)mgarr
(41 posts)It was Ronald Reagan who said, "Trust, but Verify."
Re his tax returns, Mr. Romney has said, "Trust me."
OK.
Now for the "Verify" part.
Release the tax returns, Mr. Romney.
63% of American voters want to see them.
And so do I.
AlphaCentauri
(6,460 posts)releasing the tax info close to election day won't give no time to analyze the docs.
Panasonic
(2,921 posts)Romney has not shown us exactly one iota of his tax form. His 2010 tax form is incomplete, missing the 990-T form.
Show us the tax form, and stop hiding. Romney continues to shame his father.
Rozlee
(2,529 posts)everything now. Assuming his taxes reveal that he just cut through mostly legal, but damning loopholes in the tax system that benefit the wealthy, he might be able to ride it out. Everything in an election cycle is a nine days wonder and the election is still a couple of months away. People will be angry that the rich can get away with so much, but Romney's 14% tax rate doesn't seem to be causing the national wide-spread outrage that it should currently. If he released his taxes now, the effect would be blunted by election day. It just makes one wonder, or should, if whatever's in his tax returns is so detrimental, so toxic, that it can't afford to be released under any circumstances.
PSPS
(13,603 posts)If it was merely paying little or no tax, the outrage could probably be handled or at least somewhat mitigated by showing it was legal and, besides, "nobody wants to pay taxes to the gubmint who just gives it to those shiftless (black) people."
Even his shafting of his cult of their vigorish could be "explained" with some complicated razzle dazzle or a "retroactive" tithe (he could send a card of apology and penance to Golob.)
No, I think, as you do, that this is fatally toxic -- earning income through "business deals" with the likes of Mubarak, Gaddafi, or any number of other murderous despots. After all, we now know that's where his seed money for Bain Capital came from.
kestrel91316
(51,666 posts)What's so hard about that? Is his copier broken?
Iggo
(47,558 posts)wordpix
(18,652 posts)Third Doctor
(1,574 posts)Doing this is just pooring fuel on the fire.
sad sally
(2,627 posts)Sure, mittens, about as complicated as writing a check to your tax attorney. And don't you dare say we're not interested in seeing them - tax returns are something most Americans are familiar with.
Oh, Im sure people will talk about it, Romney said during a debate in Tampa, Florida, last night. Youll see my income, how much taxes Ive paid, how much Ive paid to charity. Youll see how complicated taxes can be.
MichiganVote
(21,086 posts)Crooked bastard.
Marie Marie
(9,999 posts)She is not going to be happy about sharing this with you people.
beac
(9,992 posts)990-T form no where to be found in that 2010 release. Incomplete or IRA funds held offshore to avoid taxes?? DO TELL, Mr. Gillespie!
http://www.democraticunderground.com/10021151914
King_Klonopin
(1,306 posts)But it appears to be more stalling and slow-walking.
Odds are that he won't make them public ... to you people.