Thread: Why won't Mitt Romney make his tax returns public?

Why won't Mitt Romney make his tax returns public?

Rick Perry is calling for Mitt Romney to release his tax returns. Mitt Romney has never made his returns public. Why not?

By David Grant | Christian Science Monitor – 3 hrs ago...

Welcome to the rumble in the tax return jungle.

Rick Perry wants Mitt Romney to cough up his form 1040s (that’s the US individual tax return document). The Romney camp demurred, saying they would consider doing so next year. (Remarkably, Romney has NEVER released, even during his governorship of Massachusetts.)

Why won’t Romney do it? Speculation, from liberal group ThinkProgress and others, is that Romney pays a way lower tax rate than many Americans because of his extensive financial investments, from which income is typically taxed below that of regular income. One left-leaning analyst speculates Romney paid an effective tax rate as low as 14 percent on his $6.6 million to $40 million in income. (The range is so wide because of the imprecise nature of Romney’s very limited disclosures.)

To put that in perspective: In 2011, a married couple filing together would have to make under $69,000 to have their top tax rate be 15 percent. Uber-rich Warren Buffett says he pays 17 percent in taxes.

One point in Romney’s favor: The average federal income tax rate for all Americans was 11.06 percent in 2009. Nearly half of Americans pay no federal income tax, a point that hasn’t gone unmentioned in GOP presidential debates.

Why is this brouhaha important? As Decoder wrote earlier this week, Democrats and Republicans alike could be trying to “Goreâ€

Romney used millions of his own money in the last campaign, and the yahoos in the Republican powers that be though McCain was the man to run this country. After GWB nearly caused an economic meltdown.

The Republican syndicate, controlled by the Chamber of Commerce and large corporation lobbyists, will never allow someone like Michele Bachman or Herman Cain. They don't play the game.

I believe Herman Cain's attacks, and Michelle Bachman's as well, are orchestrated by those so-called campaign staffers who only get to work every 4 years. I believe there is insider info coming from some or all of them as to where the weak spots or deficiencies are so that questions are then pointed towards those areas.

Sarah Palin was sabotaged by campaign "insiders". It probably became clear that she would not sell out after she was named and they had to walk back from her. Rather than have her in a position to become President in 2012, they trashed her to preserve their chosen few.

Why would people be demanding that Chris Christie run? Why not demand Jim DeMint, who has experience and a long history of acting on behalf of citizens and taxpayers?

The GOP elite rino's do not want nor will they allow a conservative candidate in time it will be there ruin and bring on a third party.