The Issue of Mitt Romney's Tax Returns

Is it important to you, as a voter? What would it reveal? Would it make a difference in how you vote in November?

I have heard all the arguments for releasing it and for not releasing them. As a voter, I would be interested to see how much he did make in the last 5-10 years and the tax rate he paid. Mitt Romney's dad at first stonewalled the release of his tax returns as Governor, He only released one, but days later, after thinking about the political fallout and how it would look to many, he released 10 years of tax returns, which put the issue at rest.

His son, has tried the same thing, The Democrats challenged him to release at least five years. Yet, he resists. Why? Romney will cite privacy issues and other ones, but for a man to be President, he should be open. By not being so, suspicion is created and we all know the issue will continue to draw negative attention to his campaign. What is he worried about? Hiding? Maybe, he does have legit reasons for not releasing them because it will show him to be extremely rich and will show his tax rate, because of tax loopholes and off shore accounts that all the rich have. It would be embarrassing for him because unlike Obama who really did have a "normal, middle class life" Mitt was a rich kid and nothing to really worry about. We all know what those differences are. The kid in high school arriving in a Porshe, showing off his parent's wealth versus those who drive a VW bug and work at the gas station. It is the have's and the have-not.

Sure, he Mitt has the right to refuse and tell those who try to determine what man he is, the voter, it is none of your business. Remember that other president, Richard Nixon? He had the same attitude much of the time. It will be greatly embarrassing should the tax returns indicate he avoided paying what a normal percentage is paid by those with millions, and then, have to answer for it and why his tax plan seems to favor the rich? I get it.

If a president candidate cannot be upfront and provide tax returns for several years, they should lose the votes of many unless the party dogma is so strong it is blinding to the followers following the pied piper.

The bottom line is that by not releasing more tax returns, it will to appear Romney is hiding something. End of story.

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Comments 28 comments

Johnkadu123 profile image

Johnkadu123 4 years ago from Toronto, Canada

Great hub. The main problem associated with withholding the tax returns is that it leaves a grave suspicion that Mitt Romney has something to hide. I would be very surprised if he was audacious enough to run for President while dodging taxes. It is more likely he is worried about how anti-Mormon prejudiced sections of the voting republic might view his donations to the Church. At the moment it is all speculation until something is revealed.


perrya profile image

perrya 4 years ago Author

Well, I have heard many think he only 13% taxes. It would reveal the extent of his wealth and if he paid less share of taxes than someone who earns only 60K\year.


Roger 4 years ago

The Democrats are running a disgusting campaign. It's all attacks and no substance. Why would Romney want to give them any more ammunition?


Jimmy 4 years ago

I suspect Obama is a hybrid puppet being controlled by our alien Repto Sapien cousins. Let's examine Obama as a living tool of the Repto Sapiens, both from a hardware and software angle.

Hardware: Is Obama a hybrid? It is very possible. Most hybrids are created by mixing DNA from the Gray aliens (who work for the Reptoids) with human DNA. It gives the hybrids greater telepathic capability and allows the Grays and Reptoids to better control and communicate with them. The first series of hybrids bred by the Grays over the last twenty years or so had inordinately large heads and large eyes, and wispy flyaway hair on their heads and they were short. This was reported many times by abductees who saw them on the ships. The abductees were pretty much creeped out by them. The second generation of hybrids had been bred to look more like us. Recently abductees have seen nearly normal looking teenage hybrids on the ships doing work alongside the Grays. Their heads are just a little bigger than normal and they can pass for human. If you look at Barack Obama and his mother, their heads look slightly bigger than normal, AND, their heads are light-bulb shaped, resembling the Gray aliens.

Let's look at the pedigree on the hardware. Obama's human DNA comes from Caucasian, Negroid, and Arab slave-trader stock. The slave trader info comes from other sites where his ancestors were researched.

Software: The mind of Obama received a lifetime of programming that is truly alarming. Obama's mother hated the US. If you look her up you will find that she was rebelling against her father who was a US military officer. She married foreigners to get out of the country and to hurt her Dad. Getting out of the country also made it possible for her to be abducted without the craft being picked up by NORAD. Her own mother would have been "in the system" as an abductee and aside from birthing the hybrid, may have been part of the plan to drive her off, and ultimately transfer hatred for flag, country, and family to her son Obama. The influence of hate continues, as Michelle Obama hates the US, as do Obama's radical associates. I really wanted to write this up like a flow chart because there are so many side influences that simultaneously made Obama the person he is today.

Some background on the major influences.

Communism is a harvesting tool of the Repto Sapiens. To date, Communism has directly caused the death of 160 million people worldwide since 1917. Communists are the "useful idiots" of the Repto

Sapiens.

Islam is a harvesting tool of the Repto Sapiens. Islamic Holy Wars have killed millions since the time of Muhammad.

At other times throughout history other groups have been used as harvesting tools, used in war to supply dead bodies to our Repto Sapien cousins, Hitler and the Nazis, Emperor Hirohito and the Imperial Japanese, Kaiser Wilhelm, Napoleon, Attilla and the Huns, Ghengis Khan and the Mongol Hordes, The Roman Empire, Alexander the Great, Xerxes and the Persians, and many others.


Old Poolman 4 years ago

Unfortunately Jimmy, I don't think America will realize the truth until it is too late to stop the Reptilians.


perrya profile image

perrya 4 years ago Author

Both parties are playing dirty this time around.


HowardBThiname profile image

HowardBThiname 4 years ago from Midwest

I think he will eventually release the taxes. When it is to his advantage to do so.


Peggy 4 years ago

Why is Obama immune from showing his past, while everybody else has to be an open book?

Everybody Obama ran against has had their divorce records spilled out into the public to be scrutinized down to the last salacious detail. Sealed divorce records were magically leaked to the media, probably by David Axelrod -kinda like the security leaks coming from the White House these days.

Yet Obama’s college records are sealed tight as a drum. How did such a self-described pauper pay for his education? How did he get accepted into such prestigious schools? What did he write when he was editor of The Harvard Law Review?

Why is Obama immune from showing HIS past?


Bruce 4 years ago

I want Romney to stand up and present a deal to the Obama campaign. All my tax returns for all of your college transcripts. Only a fool would believe Obama is not hiding something big, like being educated here on a foreign scholarship, meaning whoops, he was not a citizen at the time which disqualifies him from the White House because he would not have been a natural born citizen. Yes 2 plus 2 really is four America.


perrya profile image

perrya 4 years ago Author

Do U really believe Obama was not born in Hawaii?


bworthington profile image

bworthington 4 years ago from Ft. Lauderdale

This hub descended into absurdity pretty quickly. Regarding the original point presented by the author, I believe that it is a fair question to request Romney's tax returns for one simple reason: He is running an economic platform based on the assertion that taxes are "too high" and they are "stifling the economy".

While it is a fair discussion to have, an individual who has made $20 million while being "unemployed" may not be the most credible person to lead the charge. Additionally, if it turns out that he has actually made MORE money under the current administration such a revelation would undercut his assertion that the current administration's policies are bad for growth.

The fact that he is willing to take the heat by NOT releasing his returns leads one to logically conclude that the information contained in the returns is so damaging it would be even more crippling than the speculation that accompanies his unwillingness to make them public.

On a related subject, just how long does it take professional CPAs to complete tax returns? We still haven't seen his returns for LAST year.


Bob 4 years ago

boethington: The number 1 issue in the U.S. is the economy. Personally, I would rather trust a successful businessman to fix the problem rather that a community organizing, 1 term senator, and disaster of a President. But that's just me.

Now let's look a few figures:

•The top 1% pay 22.7% of taxes.

•The top 10% pay 50% of taxes.

•The top 20% pay 65.3% of taxes.

•The top 40% pay 84.3% of taxes.

Half of Americans don't pay anything. Those are the majority of the Obama voters.

Why should he release anything more? Do you really think he would be running for President if he committed tax fraud? And finally, what business is it of yours?


bworthington profile image

bworthington 4 years ago from Ft. Lauderdale

Let's look at your numbers in context. 60% of the wealth in this country is controlled by 10% of the people.

So while it seems like they are paying a lion's share in taxes, that is also because they control a lion's share of the wealth. Recently, Politifact did a study on a statement that the Walmart heirs controlled more wealth than 40% of Americans. It turned out to be a true statement.

http://www.politifact.com/truth-o-meter/statements...

But, hey, lets pile on the poor people, old people and college students.

While you will never vote for Obama, the fact is you really have no reason to vote FOR Willard Romney. Yes he was a successful businessman, BUT - and this is a big but- he has only proven he can create WEALTH, not JOBS.

They are not the same thing. Even Willard cannot prove how many jobs he created as CEO of Bain Capital. Additionally, do you believe that jobs created at companies such as Domino's, Sports Authority and Staples are the kind of jobs that will fuel the middle class? I contend that they won't.

That said, as a member of the middle class that pays net taxes, I look at the policies proposed by Romney and don't see how any of his proposals benefit the middle class. Do you?

End of the day, his tax returns are relevant because Willard contends that this administration has been bad for "job creators". If that is the case, he should have no problem proving that.

After all, for the $20 million he made, how many jobs did Willard create?

The reality is, what Willard did most likely isn't illegal...after all, tax laws are written BY rich people FOR rich people. But the fact that he made over $20 million in 2010 and only paid 13.9% makes people who only made $75K and paid 25% wonder why Willard believes he paid too much.

As for your final question as to why I care, it is simple. In order for Willard to cut tax rates across the board and it be revenue neutral, he has to cut tax breaks somewhere else. Every indication is that the tax breaks that will be eliminated to close the gap will be those that primarily benefit the middle class. THAT affects me, so I care.

And unless you are so rich, you would benefit under Romney's plans, or so poor it doesn't affect you, you should care too.


Bob 4 years ago

boethington: so you want a further redistribution of wealth. The bad news for you is that the majority of Americans don't support socialism. The good new is that a few lovely countries like North Korea and Cuba still do. I'm sure they would be interested in your political views.

Also for your comment about "jobs created at companies such as Domino's, Sports Authority and Staples are the kind of jobs that will fuel the middle class? I contend that they won't." Those are the exact jobs that the president is trying to use to his advantage.


HowardBThiname profile image

HowardBThiname 4 years ago from Midwest

Bottom line. Neither Obama nor Romney have to show anything more than either one of them have shown, unless and until the Presidential vetting policies change.

The odds are overwhelming that Obama was born in Hawaii and Romney paid his taxes. Obama benefited from humor over Birther's I and Romney might well benefit from Birther's II.

Both men know exactly what they're doing.


Jimmy 4 years ago

@HowardBThiname, the problem is that Obama is a hybrid puppet being controlled by our alien Repto Sapien cousins. Did you read my previous post? I explained it all.


perrya profile image

perrya 4 years ago Author

If Romney fails to reveal more years of income tax returns, it will hurt him in the election.


Carl 4 years ago

@Perrya, I don't think it will hurt him. 96% of black people in the country voted for Obama in 2008. America had it's first black president and he was a failure. I think the novelty has worn off and you won't see the same kind of turnout. Hopefully this time around the voters will vote for the better candidate based on his platform.


Carl 4 years ago

On the other side, 43% of white voters voted for Obama.


perrya profile image

perrya 4 years ago Author

No, the election is really now about the rich and those not rich. It is about the ideals of republicans and democrats. Obama has always had a real connection to middle class, not so with Romney. Obama was not a rich kid, Romney was. It is not about color, IMO. Not for me.


Carl 4 years ago

You are obviously an Obama supporter going along with the class warfare stategy. Obama never even had a real job prior to being elected. Please explain to me what a Chicago community organizer does. Obama does not have a connection to the middle class, Obama has a connection to blacks and those that want government hand outs. It may not be about color for you or the vast majority of white people, but look at the black vote. It certainly shows who the racists really are.


perrya profile image

perrya 4 years ago Author

No, like many, I am undecided. It will depend, for me, how Obama handles foreign policy, which up to now, I sorta am not happy on. Neither will create the jobs needed to reduce the 10% unemployment, IMO.


bworthington profile image

bworthington 4 years ago from Ft. Lauderdale

@Bob

Redistribution of wealth? Pay attention. That is what is currently happening right now...except the rich are getting significantly richer at the expense of the middle class.

Currently, while we are in the midst of one of the worse droughts in years the prices of commodities are going through the roof. The people who benefit are those (almost literally) at the top of the food chain at the expense of everyone below them.

If you believe the solution is to further cut taxes on the wealthy you are significantly delusional.

But that is to be expected since neither Romney's nor Ryan's budgets balance the federal budget even after releasing the "job creators".


Bob 4 years ago

boethington: Again,

•The top 1% pay 22.7% of taxes.

•The top 10% pay 50% of taxes.

•The top 20% pay 65.3% of taxes.

•The top 40% pay 84.3% of taxes.

Half of Americans don't pay anything. How much money should the rich have to pay in taxes? Why would anyone want to give any more of their money to Obama for him to waste on bailouts and handouts to the people who vote for him?


bworthington profile image

bworthington 4 years ago from Ft. Lauderdale

Once again. The top 1% controls 40% of the wealth.

The top 5% controls 69% of the wealth.

The top 10% controls 80% of the wealth.

The bottom 80% only controls 7% of the wealth in this country. In essence, the rich are actually paying less in money than what they actually control.

Regarding the 1/2 of Americans that pay no taxes; 28.4% of the total pay payroll taxes, the elderly that are no longer working amount to 10.3%, and 6.9% make less than $20,000.

http://www.politifact.com/truth-o-meter/statements...

Its funny that you mention bailouts when the organizations that received most of the money are putting their financial support behind Romney. Just found that humorous.


Bob 4 years ago

So basically, you want their wealth. How much of their money do you want?


bworthington profile image

bworthington 4 years ago from Ft. Lauderdale

So you want them to have everything, is that what you're admitting?

Funny how you use "their", not "our". Meaning you have more to lose from a Romney administration than you do to gain.

But hey, cut your nose off to spit your face. I'm sure it'll make it easier to buy glasses.


Wayne Brown profile image

Wayne Brown 3 years ago from Texas

On average, most presidential candidates give up two years of their most current tax returns. I see no reason why Romney need go beyond that point. He cannot win on the issue for if he does not give up ten years (an insane request), the media and the opposition call him dishonest. If he hands over all that they request, that becomes the topic of discussion and distraction burning up valuable time in the campaign when Obama's pitiful performance issues are not at the forefront. Personally, I think the less he gives them, the less distraction that he provides. If the media was as dogging and critical of Obama on his academic records, birth certificate, and passport applications, then we might have a fair and balanced approach to journalism. The intent here is convict a man for his success in a nation where we applaud success (or use to applaud it). Now that our media has taken on socialist overtones, suddenly any individual success is impossible in their eyes and must have come illlegal activities and unfair dealings. We are a nation growing more stupid by the minute because we have lost our common sense and reasoning instead grabbing on to a bunch of empty promises, Marxist dreams that suggest everything and deliver nothing while driving a wedge between the various sects of this country. A country torn apart will never stand against or for anything. Obama has proven that to be his only skill yet that issue is ignored and the focus continues on distraction. ~WB

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