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'Legitimate Rape' no shield for Mitt's Taxes  

By: weco in FFFT | Recommend this post (2)
Tue, 21 Aug 12 8:55 PM | 78 view(s)
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Msg. 45200 of 65535
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Romney's hidden tax returns and foreign bank accounts still a big issue for the wealthy Son of Privilege.

I imagine many patriotic Americans who love their country have a problem with the following:

http://www.huffingtonpost.com/2012/08/20/mitt-romney-foreign-tax-credit_n_1812507.html?utm_hp_ref=mostpopular

Mitt Romney Taxes Enriched Foreign Governments At US Expense

Mitt Romney sought and received $787,455 in foreign tax credits from the U.S. Treasury to cover his tax payments to other nations in 2008.

While there is no evidence that his actions violated the law, abuse of the foreign tax credit has been a problem for the Internal Revenue Service. The agency has prosecuted a number of international fraud cases in the last few years involving such credits. And the size of Romney's claim in 2008 raises questions about the sources of his foreign income.

"This could definitely be a contributing reason for Romney's unwillingness to disclose prior years' returns," said New York University School of Law professor Daniel Shaviro, a tax expert.


Given Mitt's long, documented history as a liar (including on personal tax issues) he really needs to provide more disclosure.


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