Friday, August 17, 2012

Amnestygate

It's obvious by now why Romney won't release his tax returns, especially those during 2008-2009. It's better that he try to stonewall releasing his returns rather than be exposed as a tax dodger who took amnesty and thus disqualify himself from running for president.

The Obama campaign is trying to meet Mitt halfway, only challenging him to release the last "five years" of his tax returns:

Obama campaign manager Jim Messina made the tax-disclosure offer to Romney campaign manager Matt Rhoades in a letter Friday morning. Messina said he was taking the step because Romney "apparently fears the more he offers, the more our campaign will demand that he provide."Romney's wife, Ann, has repeatedly stated that concern in interviews, arguing that the more the couple releases, the more questions are asked.

Romney released his 2010 taxes and has pledged to release his 2011 returns. Messina said in letter that he wants Romney to provide three more years of returns.

Obama's campaign has questioned whether there are years when Romney paid no taxes. Romney defended his record Thursday, saying he has paid at least 13 percent of his income in federal taxes every year for the past decade.

Mitt can't be prosecuted hence the amnesty, but taking the amnesty is an admission of committing a felony against the IRS.

A little bit of background on the amnesty:

The United States began its most recent offensive against offshore tax evasion in 2009, when the Justice Department reached a settlement with the Swiss bank UBS that required it to pay $780 million and reveal details about 4,500 clandestine accounts that were believed to hold undeclared assets of United States residents. Douglas H. Shulman, the I.R.S. commissioner, said that the agency would continue to pressure tax evaders to come forward or face prosecution.

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