Sunday, September 23, 2012

5 Theories Why Romney Won’t Release His Tax Records | The Big Picture

Love this blog. His ideas are fascinating. His theory #5 why Romney refuses to release his returns seems plausible. It has to be a reason that is simply unspinnable. Paying 0 taxes, for example, could merely be described as perfectly legal. It has to be worse than paying no taxes.

http://www.ritholtz.com/blog/2012/09/romney-tax-records/

" Profiting handsomely from a housing/stock market short could easily be turned into an anti-Romney sound bite that would only add to the narrative of the candidate as a ruthless über-capitalist concerned only for himself while the 47 percent moocher class struggles.

The bottom line is that there's something in Mr. Romney's tax returns that he doesn't want made public. Having bet against America would be at the top of my list –far more devastating, in my opinion, than simply having paid an absurdly low rate."
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