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Sunday, August 5, 2012

Did Romney hide money from the Mormon church?

From Democratic strategist Bill Buck writing at CBS:
But the source coming to Harry Reid for these revelations adds a level of intrigue. Reid just happens to be the highest-ranking member of the Mormon Church in the history of this nation.

It is likely that Senator Reid’s source shares the Mormon religion with Reid and Romney.

That message will not be lost on Romney. If the Bain fortress is not a fortress; if people are talking, Romney knows that trouble lies ahead.

And the motivation for this leak may not be political. It is likely personal and tied to the Mormon Church.

Specifically, if Romney was hiding money from the IRS he may have hidden money from his church.

It is expected that members of the Mormon Church tithe a minimum of ten percent of their incomes. But if Romney was not paying taxes and hiding money, then his disclosure – which itemizes deductions, including to the church – would tip off his actual income to the IRS.

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