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Why Won't Romney Release More Tax Returns?

Chris D 2012/07/18 18:00:00
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I don't think Mitt Romney needs to apologize for his success or making the right financial decisions for his business. We all know the Republican presidential candidate is rolling in dough and we all know he made millions at Bain Capital. So why isn't he releasing more tax returns?

Some say that he may have had big investment losses in 2009, which would have made his marginal tax rate really small. It would also make it look like he wasn't paying any taxes. But now, even Republicans are calling for him to release the information. What gives?

CNN.COM reports:
Edward Kleinbard and Peter Canellos: Anyone who aspires to America's highest office should be thoroughly vetted.
reports edward kleinbard peter canellos aspires americas highest office vetted

Read More: http://www.cnn.com/2012/07/18/opinion/kleinbard-ca...

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  • The Lib Hater 2012/07/18 23:47:47
    Other
    The Lib Hater
    +68
    I'm sure if Mitt evaded taxes 0bamas IRS would have slapped the cuffs on him by now. Funny thing is, why is there such a big deal being made about it? I have a long list of Tax Cheats that 0bama has appointed into his administration, I don't hear the Marxists' whining about that. 0bama, who appointed Jeffrey Immelt to head his Jobs "LOL" Council, who is also corrupt, ... In addition to his company's tax evasion while at GE, and outsourcing all there jobs to, China, China, you double standard morons. I remember when you libs wanted Bush hung for not leveling trade treaties. Now I ask you libs, what has 0bama done to level them? MMM. Oh Ya, corporations are shipping labor to Cambodia, China, Philippines, etc, etc, so on, and so on, you 0bama butt puppets. Ole 0bama is just exporting jobs for slavery labor to other countries, now where is the level playing field for the American people? Yep, Mr Jobs has been shipping American jobs overseas while closing plants here in the U.S. So ya see libs, 0bama will be stepping down in January, I know we will see your heads explode when we do away with 0bamacare the way it was brought in. I'm sure you hacks won't mind, seeing 0bama used the reconciliation process to get it done, death panels and all. We will do the same, and you'll like it. G...




    I'm sure if Mitt evaded taxes 0bamas IRS would have slapped the cuffs on him by now. Funny thing is, why is there such a big deal being made about it? I have a long list of Tax Cheats that 0bama has appointed into his administration, I don't hear the Marxists' whining about that. 0bama, who appointed Jeffrey Immelt to head his Jobs "LOL" Council, who is also corrupt, ... In addition to his company's tax evasion while at GE, and outsourcing all there jobs to, China, China, you double standard morons. I remember when you libs wanted Bush hung for not leveling trade treaties. Now I ask you libs, what has 0bama done to level them? MMM. Oh Ya, corporations are shipping labor to Cambodia, China, Philippines, etc, etc, so on, and so on, you 0bama butt puppets. Ole 0bama is just exporting jobs for slavery labor to other countries, now where is the level playing field for the American people? Yep, Mr Jobs has been shipping American jobs overseas while closing plants here in the U.S. So ya see libs, 0bama will be stepping down in January, I know we will see your heads explode when we do away with 0bamacare the way it was brought in. I'm sure you hacks won't mind, seeing 0bama used the reconciliation process to get it done, death panels and all. We will do the same, and you'll like it. Gay marriage will be outlawed to, as it should be. You know, come to think of it, since 0bama became dictator this has been one great big freak show. Can't wait till November, Libs. By the way, take a look at my links, I'm sure you will want to know about the real tax cheats seeing your following this lie about Romney, you hacks.

    http://www.forbes.com/2009/01...
    http://www.cbsnews.com/8301-5...
    http://beforeitsnews.com/stor...
    romney hacks httpwww forbes com200901 httpwww cbsnews com8301-5 httpbeforeitsnews comstor
    (more)

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  • JoeM~PWCM~JLA 2012/08/17 19:49:16
    Other
    JoeM~PWCM~JLA
    +1
    His tax returns are not an issue in this election. But if he were to release them, it should be a tit for tat. His returns for Obama's school records.
  • us 2012/08/07 16:55:25
    Other
    us
    +1
    NO, question Obama, and there are so many unanswer question. WHY? where was
    the news media then.
  • Diane S... us 2012/08/09 13:27:25
    Diane Spraggs Yates
    Facts not gossip ----list of nominees with tax problems:
    1)Lael Brainard, nominee for Treasury Undersecretary of International Affairs:, Brainard "was late in paying real estate taxes in 2005, 2006 and 2007. A report by the staff of the Senate Finance Committee, which is overseeing her confirmation, also challenged the accuracy of a home office deduction Brainard. The challenge led Brainard to reduce the deduction on her 2008 return, says ALG. The AP also reports Brainard was evidently not forthcoming to the committee: "The committee's top Republican is unhappy that the committee staff had to submit 10 sets of questions to Brainard before getting complete information about the discrepancies."
    2)Capricia Marshall, Chief of protocol for the State Department, a position that carries the status of an ambassadorship – Marshall failed to file taxes in2005 &2006
    3)Kathleen Sebelius, secretary, Health and Human Services: The former governor of Kansas amended three years' worth of tax returns to correct "unintentional errors," paying back taxes and interest totaling just under $8,000.
    4)Ron Kirk, Trade Representative: The former mayor of Dallas, Tex. owed nearly $10,000 in back taxes for 2005, 2006 and 2007; ...




    Facts not gossip ----list of nominees with tax problems:
    1)Lael Brainard, nominee for Treasury Undersecretary of International Affairs:, Brainard "was late in paying real estate taxes in 2005, 2006 and 2007. A report by the staff of the Senate Finance Committee, which is overseeing her confirmation, also challenged the accuracy of a home office deduction Brainard. The challenge led Brainard to reduce the deduction on her 2008 return, says ALG. The AP also reports Brainard was evidently not forthcoming to the committee: "The committee's top Republican is unhappy that the committee staff had to submit 10 sets of questions to Brainard before getting complete information about the discrepancies."
    2)Capricia Marshall, Chief of protocol for the State Department, a position that carries the status of an ambassadorship – Marshall failed to file taxes in2005 &2006
    3)Kathleen Sebelius, secretary, Health and Human Services: The former governor of Kansas amended three years' worth of tax returns to correct "unintentional errors," paying back taxes and interest totaling just under $8,000.
    4)Ron Kirk, Trade Representative: The former mayor of Dallas, Tex. owed nearly $10,000 in back taxes for 2005, 2006 and 2007; filed an amended return after the Finance Committee noted the discrepancies.
    5)Caroline Atkinson, Treasury Undersecretary of International Affairs (same job Brainard is going for): "Caroline Atkinson, was told she had to withdraw after a 'tax problem' was revealed early in the vetting process, according to officials,” reports the ABC News blog.
    6)Tom Daschle, nominee for Secretary of Health and Human Services: Failed to pay taxes on more than $300,000 worth of income he gained through consulting work, including the taxfree use of a car and driver for several years.
    7)Nancy Killefer, nominee, Administration's Chief Performance Officer: Withdrew after Killefer was found to have failed to pay employment taxes for household help.
    8)Hilda Solis, Secretary of Labor: Husband had unpaid tax liens against his business in Los Angeles county; in all, 16 state and county tax liens amounting to $11,640.
    9)Timothy Geithner, Secretary of the Treasury :Extent of tax problems longer than previously known. Geithner didn't pay Social Security and Medicare taxes while he worked for the International Monetary Fund between 2001 and 2004. As an American citizen working for the IMF, Mr. Geithner was technically considered self-employed and was required to pay Social Security and Medicare taxes for himself as both an employer and an employee, reports the Wall Street Journal. In 2006, the IRS audited Mr. Geithner's 2003 and 2004 taxes and concluded he owed taxes and interest totaling $17,230, according to documents released by the Senate Financeommittee. The IRS waived the related penalties, the Journalreports.
    (more)
  • ☆stillthe12c☆ 2012/08/07 00:00:46 (edited)
    Other
    ☆stillthe12c☆
    I have no idea. It is a distraction. I think that he would be better off giving them to them so that he could move on with his campaign.
  • Diane S... ☆stillt... 2012/08/09 15:33:41
    Diane Spraggs Yates
    +1
    They would lie that they found something and run with that a complicated return that lay people do not understand is something the media could run with so what is legal is all I would release and where is Obama's school records 1 st !!!!!
  • ☆stillt... Diane S... 2012/08/09 15:54:28 (edited)
    ☆stillthe12c☆
    +1
    There are many say that Romney should use his tax records as leverage to see Obama's records, but I think that Obama would release false ones.
  • Diane S... ☆stillt... 2012/08/09 15:58:02
    Diane Spraggs Yates
    +1
    Fake birth cert yeah fake papers !!!!!!
  • ☆stillt... Diane S... 2012/08/09 16:10:29
    ☆stillthe12c☆
    +1
    I keep wonder when they are going to take their evidence to court.
  • Diane S... ☆stillt... 2012/08/09 16:13:24
    Diane Spraggs Yates
    +1
    Fastest way is vote him out Holder is not going to harm Obama !!!!!
  • ☆stillt... Diane S... 2012/08/09 16:17:43
    ☆stillthe12c☆
    +1
    With congress out for 4 more weeks, nothing is going to happen during that time and if they were going to really do something about Holder they would have already done it.
  • Zombie Saddam 2012/07/30 20:41:48
    He has something to hide
    Zombie Saddam
    +1
    Mitt Romney is hiding the disposable income he uses to moonlight as a crime fighter. See? He's not such a bad guy!
    Mitt Romney crime fighter
  • Old Soldier 2012/07/27 00:21:16
    Other
    Old Soldier
    +1
    There could be a myriad of reasons, however, he should because it is something that Obama would definitely do, and at this time he needs to make sure that he doesn’t seem to be of the same mind as Obama.
  • whocares Old Sol... 2012/07/27 14:17:46
    whocares
    NO president Obama released 12 years of tax returns.

    Romneys' father released 12 years so your theory is bogus!
  • Old Sol... whocares 2012/07/27 14:59:13
    Old Soldier
    Actually, it IS a crime to hide any money you owe taxes on in any way to escape paying. If you do not believe that, then try to do that yourself, and watch what happens when you report what you have done. It is not on your return, so one has to disclose the bank account and where it is at. Before I believe something that a person says, I have to see the proof, and the accusers have shown none. If they did, and you know them, then share the links with us all, and be a hero.

    It is not on your returns if you have hid it somewhere else.
  • whocares Old Sol... 2012/07/27 15:29:07
    whocares
    +1
    Which means absolutely nothing and is the same lame excuse Romney is using!
  • Old Sol... whocares 2012/07/27 15:40:26
    Old Soldier
    Then we will just have to agree to disagree. BTW, Romney is a RINO, and gets no respect from me. My only point is that it seems that people believes that all money hidden from the IRS, is on a IRS tax return, which is rather stupid thinking if you think about it.
  • snell/G... Old Sol... 2012/08/09 20:37:21 (edited)
    snell/GOD & COUNTRY-zero cliques
    +1
    obama will NOT release who the hell he IS - that's what all is about for impeaching his sorry lyin' ass is about. He lied hugely just to get into office.
  • Diane S... snell/G... 2012/08/17 22:09:00
    Diane Spraggs Yates
    Obama is no longer seen as The One -- just, instead, as another scheming Chicago politician. He is increasingly viewed as arrogant, dishonest, and incompetent. These are not messianic attributes. He is just another politician, although more flawed than most.
    And Obama took a lawyer when through signatures til he had no opponets !!!!!!!!!!
  • Diane S... Old Sol... 2012/08/17 22:07:43
    Diane Spraggs Yates
    Obama is no longer seen as The One -- just, instead, as another scheming Chicago politician. He is increasingly viewed as arrogant, dishonest, and incompetent. These are not messianic attributes. He is just another politician, although more flawed than most.
  • JAA 2012/07/26 12:40:35 (edited)
    Other
    JAA
    +1
    He's only required, by law, to release 2 years. Why won't Obama [no PBUH] release his college records? Why does Obama [no PBUH] lie every time he opens his mouth? He promised us "transparency", but he's been THE most secretive, behind closed doors, conniving, underhanded POTUS this country has ever seen.

    Why wasn't Obama [no PBUH] "thoroughly vetted"??? Liberals speak with forked tongue & are extremely hypocritical in this matter.
  • rabbut: patriot squared wit... 2012/07/26 08:42:23
    He has something to hide
    rabbut: patriot squared with sugar on top
    He paid only fourteen percent on the incomplete year he released. Mittens doesn't want to see 1. His illegal activity 2. That he pays such a small percentage of taxes, that there is no way he can't succeed. 3. That his money was mostly in foreign countries, hidden from the IRS.

    The ONLY reason Mittens is running for office is to make his tax rates as close to zero as possible, and there will be considerable backlash when everyone finds out he is paying below ten percent on his taxes and thinks he needs a lower rate.
  • Old Sol... rabbut:... 2012/07/27 00:32:15
    Old Soldier
    +1
    Does not standup rabbut, because if his money was mostly in foreign countries, hidden from the IRS it would not be on his returns. Now use your brain for a change. It is against the IRS code to hide money from the IRS, and (having served overseas) I had money in foreign banks at that time and paid my taxes. Now, if Romney tried to hide his earnings, the IRS would be all over him if they found out. Therefore, reporting that you were hiding money in foreign banks to not pay taxes on one’s returns would not be my first choice, and I am sure that Romney knows that as well as I do.
  • jimmy d 2012/07/24 14:07:12
    He wants to focus on the issues
    jimmy d
    +1
    Why has nancy pelosi said this is all a distraction? Because folks started saying why don't members of congress release their's. What is SHE HIDING?
  • Dandydon 2012/07/23 22:03:41
    He wants to focus on the issues
    Dandydon
    +2
    Because he knows it chaps Obama's ass.....
  • my2cents Dandydon 2012/07/25 08:21:58
    my2cents
    Seriously? Why should it? Obama has already released 12 years of his taxes.

    The Dems asking for Romney to do the same chaps ROMNEY'S ass, and is making a good portion of the GOP sweat bullets.
  • Dandydon my2cents 2012/07/25 21:01:00
    Dandydon
    +1
    I guess if Obama can hide papers and statements,Romney can too..
    What's good for the goose.....
  • rabbut:... my2cents 2012/07/26 08:44:05
    rabbut: patriot squared with sugar on top
    It always amazes me that Republicans treat politics like football--I want my team to win no matter how bad it is for the country!
  • whocares Dandydon 2012/07/27 14:18:36
    whocares
    His own party is asking for his tax records so your theory is bogus!
  • Dandydon whocares 2012/07/27 21:06:42
    Dandydon
    +1
    All i see is Libs asking for more records.

    Really doesn't matter to me,i seen enough,i sure as hell ain't voting for Obama..
  • Diane S... Dandydon 2012/08/05 23:58:40
    Diane Spraggs Yates
    +1
    Think he released taxes but 10 yr he did not but he did give what the law allowed ????then he paid the last 2 that makes false the last 10 he did provide 2 so how could he not pd the last 10?????????? Reid is lying !!!!!!!
  • Dandydon Diane S... 2012/08/06 00:01:29
    Dandydon
    +1
    Yep...
  • Diane S... Dandydon 2012/08/09 13:28:54
    Diane Spraggs Yates
    +1
    Facts not gossip ---list of nominees with tax problems:
    1)Lael Brainard, nominee for Treasury Undersecretary of International Affairs:, Brainard "was late in paying real estate taxes in 2005, 2006 and 2007. A report by the staff of the Senate Finance Committee, which is overseeing her confirmation, also challenged the accuracy of a home office deduction Brainard. The challenge led Brainard to reduce the deduction on her 2008 return, says ALG. The AP also reports Brainard was evidently not forthcoming to the committee: "The committee's top Republican is unhappy that the committee staff had to submit 10 sets of questions to Brainard before getting complete information about the discrepancies."
    2)Capricia Marshall, Chief of protocol for the State Department, a position that carries the status of an ambassadorship – Marshall failed to file taxes in2005 &2006
    3)Kathleen Sebelius, secretary, Health and Human Services: The former governor of Kansas amended three years' worth of tax returns to correct "unintentional errors," paying back taxes and interest totaling just under $8,000.
    4)Ron Kirk, Trade Representative: The former mayor of Dallas, Tex. owed nearly $10,000 in back taxes for 2005, 2006 and 2007; f...




    Facts not gossip ---list of nominees with tax problems:
    1)Lael Brainard, nominee for Treasury Undersecretary of International Affairs:, Brainard "was late in paying real estate taxes in 2005, 2006 and 2007. A report by the staff of the Senate Finance Committee, which is overseeing her confirmation, also challenged the accuracy of a home office deduction Brainard. The challenge led Brainard to reduce the deduction on her 2008 return, says ALG. The AP also reports Brainard was evidently not forthcoming to the committee: "The committee's top Republican is unhappy that the committee staff had to submit 10 sets of questions to Brainard before getting complete information about the discrepancies."
    2)Capricia Marshall, Chief of protocol for the State Department, a position that carries the status of an ambassadorship – Marshall failed to file taxes in2005 &2006
    3)Kathleen Sebelius, secretary, Health and Human Services: The former governor of Kansas amended three years' worth of tax returns to correct "unintentional errors," paying back taxes and interest totaling just under $8,000.
    4)Ron Kirk, Trade Representative: The former mayor of Dallas, Tex. owed nearly $10,000 in back taxes for 2005, 2006 and 2007; filed an amended return after the Finance Committee noted the discrepancies.
    5)Caroline Atkinson, Treasury Undersecretary of International Affairs (same job Brainard is going for): "Caroline Atkinson, was told she had to withdraw after a 'tax problem' was revealed early in the vetting process, according to officials,” reports the ABC News blog.
    6)Tom Daschle, nominee for Secretary of Health and Human Services: Failed to pay taxes on more than $300,000 worth of income he gained through consulting work, including the taxfree use of a car and driver for several years.
    7)Nancy Killefer, nominee, Administration's Chief Performance Officer: Withdrew after Killefer was found to have failed to pay employment taxes for household help.
    8)Hilda Solis, Secretary of Labor: Husband had unpaid tax liens against his business in Los Angeles county; in all, 16 state and county tax liens amounting to $11,640.
    9)Timothy Geithner, Secretary of the Treasury :Extent of tax problems longer than previously known. Geithner didn't pay Social Security and Medicare taxes while he worked for the International Monetary Fund between 2001 and 2004. As an American citizen working for the IMF, Mr. Geithner was technically considered self-employed and was required to pay Social Security and Medicare taxes for himself as both an employer and an employee, reports the Wall Street Journal. In 2006, the IRS audited Mr. Geithner's 2003 and 2004 taxes and concluded he owed taxes and interest totaling $17,230, according to documents released by the Senate Financeommittee. The IRS waived the related penalties, the Journalreports.
    (more)
  • Diane S... Dandydon 2012/08/17 22:10:09
    Diane Spraggs Yates
    +1
    Obama is no longer seen as The One -- just, instead, as another scheming Chicago politician. He is increasingly viewed as arrogant, dishonest, and incompetent. These are not messianic attributes. He is just another politician, although more flawed than most.
    People not falling for this distraction !!!!!
  • Dandydon Diane S... 2012/08/17 22:17:45
    Dandydon
    +1
    Yep...the only people he's still fooling is the diehard zombies...
  • Patric 2012/07/23 19:39:37
    He wants to focus on the issues
    Patric
    +4
    this tax item , is an obomma detraction away from the real issues ..

    the economy ,
    the high unemployment

    those are real issues that need to be addressed,,

    Mitts tax returns have been veted long ago .. old news that the liberals try to divert voters from the real issues..

    the economy and unemployment ... not one in 250 millon of tax returns..

    it is about the economy... obomma just does not git it , and the liberals are confused as to what to do next..
  • my2cents Patric 2012/07/25 08:08:05
    my2cents
    Actually, its' a distraction away from Mitt Romney's tax returns.

    What is Mitt hiding?
  • Patric my2cents 2012/07/25 10:57:18
    Patric
    +2
    hmm,, hiding the fact the country is bankrupt under the obomma administration. ?

    hiding the fact that in 30 months obomma has put Americans 5 TRILLION $$ in debt ?

    hiding the fact that it is about the economy ?

    hiding the fact that unemployment is in double digits for our youth ?

    hiding the fact that obommna is a failure ?

    hiding the fact that some people ... JUST DO NOT GET IT ???
  • Diane S... Patric 2012/08/17 22:12:07
    Diane Spraggs Yates
    +1
    What I believe is happening is that the left is reading the handwriting on the wall and resigning itself to the harsh reality [that] the man they trusted to "fundamentally transform America" is on the verge of being unelected.
  • rabbut:... Patric 2012/07/26 08:46:30
    rabbut: patriot squared with sugar on top
    Gawd. Mitt isn't even his real name. It's Willard. Nothing about this man is real. He is a hollow man who is filled with whatever it takes to trample others, like all of those people he outsourced and laid off so he could be filthy filthy filthy rich instead of merely filthy filthy rich. Car elevator, anyone?
  • Patric rabbut:... 2012/07/26 11:47:31
    Patric
    +2
    well , now.
    you keep riding that train, the tax return train all the way to the station.

    the rest of us, are going to focus on the economy , the employment ( or lack of ) and try to turn this thing around.

    cause, regardless of what ever political party you enlist, we as a country are going down the toylet financialy , and some one ,China ?? is going to pull the plug on us sooner or later..

    I think Mitt has the expierence , the education , the knowledge , the will to turn America in the right direction

    and I KNOW obomma has neither the will or the nature to do the job., he has proven it the past 3 years , OBOMMA IS OVER HIS HEAD , POTUS IS ABOVE HIS PAY GRADE
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