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Friday, July 20, 2012

Did Romney pay no taxes at all in 2009?

 

When a sports team says that they have won three out of their past five matches you can be pretty sure that they won three of the last six matches as well. If they had won that other match they would want to include it so they can claim a four out of six record.

Romney has released his 2010 return and has promised to release his 2011 return when he files it. There is clearly a reason for the fact that Romney will only release two years when the bare minimum requirement for Senate confirmation hearings is three. The question then is not if Romney's 2009 return is damaging but how damaging it must be for Romney to need to hide it.

Joshua Green writing in Business Week suggests that what with the financial markets crashing in 2008-9, it is quite possible that Romney paid no taxes at all in 2009.

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