2016 Postmortem
Related: About this forumWho believes Romney's 2010 tax rate will remain 13.9%? Suckers!!!
Romney has 3 years to file an amended 2010 tax return with even more tax evasion and loophole strategies -- and lower his taxes even more, possibly to zero -- and we, the people, will never know.
If you don't think Romney would do this, if you don't think the current 2010 return was prepared "just for show" -- then you haven't been paying attention.
http://themoderatevoice.com/156468/we-dont-actually-have-any-of-mitt-romneys-tax-returns/
I prepare taxes for part of the year for a living. Regular readers may recall this, and how many stories Ive broken about the secrets revealed in the charitable tax returns of various Koch-related entities, in a strange form of tax-return investigative reporting that may well be unique in the pigeonholes of reportage.
So afford me some small credibility what I say: When you hear that Weve got only two years of Romneys tax returns, thats at best half true, and, actually, almost entirely false.
SNIP
Because you can AMEND your tax returns. If you come across new information that either raises or lowers your tax, within a specified time period, you can AMEND your federal tax return without penalty. If you owe money, pay it. If you are OWED money, the IRS will repay you, with interest. (Of course, the IRS being the IRS, you then have to declare that check as interest income on the front page of your 1040.)
SNIP
Now, we can rest assured that the tax return we DO have was prepared to carefully present the best face to what the PUBLIC would see. There is nothing to stop Romney from amending THAT tax return after the election. Ditto the supposed 2011 tax return which will be released just before the election.
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rocktivity
(44,577 posts)rocktivity
Motown_Johnny
(22,308 posts)pnwmom
(108,991 posts)Motown_Johnny
(22,308 posts)zbdent
(35,392 posts)reporting all his "income/capital" losses due to stocks being low ...
corkhead
(6,119 posts)Laura PourMeADrink
(42,770 posts)wondering if he could still amend. If he got an extension to October, 2010, would it be three years from then?
Laura PourMeADrink
(42,770 posts)the hell down. But then he went back later and told them to raise it.
odd, isn't it. We talked ours down....can't imagine why you would ask to have it raised again - must be high powered money crunching.