Senate Majority Leader Harry Reid claims Mitt Romney through a source who had a business relationship with Bain Capital, that Romney paid no federal income taxes for 10 years.
Right away prominent Republicans on the Sunday talk show circuit called Reid “A liar”. It’s reasonable to question whether the source even exists, much less whether he or she would be in a position to know what’s in those taz forms Romne is so reluctant to reveal.
But, the best way to prove Reid wrong is to release those 10 years of tax reports as other presidential candidates, including Romey’s dad who released 12 years of tax reports for public inspection. Romney’s dad set the standard in 1968.
Romney did release his 2010 tax return, and he promises to release the 2011 return when it is completed. No recent presidential candidate has tried to get away with such meager disclosure.
In 2010, Romney paid a tax rate of 13.9 percent on income of $21.6 million. The most affluent wage-earners pay income tax at a rate of 35%, but Romney, whose net worth has been estimated at $250 million, earned most of his money from investments and thus pays the lower rate for capital gains.
How’s your paycheck looking these days?
Not only does Romney refuse to release his income tax records, he has yet to present a solid platform on what he would do if elected, for healthcare, job creation, social security, social programs, education, the Bush Tax Cuts, his position on future tax cuts for the wealthy and the whole nine yards; just criticisim of the current administration which all of us will say is not perfect, but we can see progress and we don’t want to change and regress again.
Only Mr. Romney can put these issues to rest.