Romney's 2009 taxes stink:
he was actively running for president in 2007 and 2008. That means it's relatively unlike he was doing anything during those years that he thought couldn't withstand scrutiny. So why not release a nice even five years of tax data? Perhaps because of something that happened in 2009.
- Matthew Yglesias (link)
Further evidence comes from John McCain, who in 2008 reviewed 23 years of Romney's taxes. McCain has
said "I can personally vouch for the fact that there was nothing in his tax returns that would in any way be disqualifying for him to be a candidate." And McCain did not review Romney's 2009 taxes.
There must be something absolutely damning in Mitt Romney's 2009 taxes, which "you people" will never see.
Mitt took the amnesty for illegally dodging taxes with his Swiss bank account.
EVIDENCE:
[Romney's financial] disclosure of his 2010 account omitted information about his Swiss bank account at the Union Bank of Switzerland (UBS). [snip] UBS was fined $760 million for putting Americans into abusive tax shelters and forced to reveal more than 4000 Americans who banked with them under numbered accounts.
The 4000+ Americans who were exposed by UBS were offered amnesty from criminal prosecution for tax evasion if they closed their Swiss Account, recalculated and paid all back taxes and paid a 25 percent penalty on the largest amount.
Romney closed his UBS account in the time required. He did not close his other foreign accounts.
The deadline to take the amnesty and pay the fines was
in 2009, and it would show up on his 2009 tax returns.
And then, there's this. Mitt made a killing by investing in Delphi Automotive which fired tens of thousands of workers and off-shored production. But how much a fortune he amassed from his vulture investment in Delphi Auto is anyone's guess.
Romney has yet to disclose the crucial year of his tax returns, 2009.
[snip]
In their 2011 and 2012 Federal Financial Disclosure filing, Ann Romney’s trust lists “more than $1 million” invested with Elliott. This is [snip] the minimal disclosure required by law. (Had Romney kept the holding in his own name, he would have had to reveal if his investment with Singer had made more than $50 million.)
[snip]
Since the November 2011 IPO, Delphi’s stock has roared upward, boosting the Romneys’ Delphi windfall from $10.2 million to $15.3 million for each million they invested with Singer.
But what if the Romneys invested a bit more with Singer: let’s say a mere 3 percent of their reported net worth, or
$7.5 million? (After all, ABC News reported—and Romney didn’t deny—that he invested “a huge chunk of his vast wealth” with Singer.) Then their take from the auto bailout so far would reach a stunning $115 million.
The Romneys’ exact gain, however, remains nearly
invisible—and untaxed—because Singer cashed out only a fragment of the windfall in 2011. And the Singer-led hedge funds have been able to keep almost all of Delphi’s profits untaxed
by moving Delphi’s incorporation from Troy, Michigan, to the Isle of Jersey, a tax haven off the coast of France.
- The Nation