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View Diary: Romney says releasing his tax returns would hurt him politically (203 comments)

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  •  Romney's working on squaring the circle. (13+ / 0-)

    Here's a possible problem with his returns: I think it's likely that Romney paid no taxes at all in 2009, because he had huge market losses in 2008 that he realized in '09.  That's a monster political problem, if true.  His folks are looking at some way to put a happy face on that.  I wish them luck.

    Another possibility: His severance package from Bain unwound a huge amount of retained earnings from his CEO days and paid it out to him between '02 and '09.  Note his severance was over in '09, and therefore we haven't seen just how good that package was.

    A third: Mitt and Ann moved all kinds of stuff into their "blind" trusts.  We might well see the moves on their tax returns.

    Après le thé, le déluge. -- Glenn Beck, aka Napoleon XIV

    by mspicata on Wed Jul 18, 2012 at 07:31:08 AM PDT

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