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News Taxes Thursday, Jan 26 2012

TPM: Three Key Questions Raised By Romney’s Tax Revelations

Jan 26, 2012

On January 25, 2012, Talking Points Memo reported:

Romney’s revelations confirm that his effective tax rates in the past couple years have been as low or lower than those of workers with truly modest means. They also confirm that he’s availed himself of truly complex tax strategies designed to boil his liability down to the lowest level allowed by the country’s heavily rigged, labyrinthine tax code. And we know, too, that these are things Romney didn’t want voters to know — at least not yet.

But they raise a series of new questions that will likely require Romney to disclose several years’ worth of additional tax returns if he wants to answer them satisfactorily. Here are three big ones that touch generally on the theme of Romney’s efforts to reduce his tax burden by taking advantage of areas of the law that simply aren’t available to most people…

Read the full article here.

Published: Jan 26, 2012

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