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NY Times - Romney Has Been Paying Federal Taxes For Last Decade
JustOneMinute ^ | 8-25-2012 | Tom McGuire

Posted on 08/25/2012 8:01:36 PM PDT by smoothsailing

August 25, 2012

NY Times - Romney Has Been Paying Federal Taxes For Last Decade

Tom McGuire

Despite their "questions have been raised" headline about Romney's taxes, the NY Times provides an early answer to one obvious question raised by Senator and alleged pederast Harry Reid (my emphasis):

But even though he has not released his returns from earlier years, the 2010 return sheds some light on those years.

That’s because Mr. Romney paid income tax to foreign countries, and as result claimed in 2010 a $129,697 foreign tax credit, which he used to offset taxes he owed in the United States. American taxpayers who claim the foreign tax credit are required to report their total foreign taxes paid and tax credits used for the previous 10 years. So that return contains foreign tax data going back to 2000.

The good news for Mr. Romney is the forms suggest that he paid at least some federal income tax every year, as he has said he did. He used the foreign tax credit every year to offset his taxes in the United States, and American taxpayers can’t use a tax credit if they owe no federal income tax. This casts even more doubt on the claim by the Senate majority leader, Harry Reid, attributed to an unnamed Bain Capital source, that Mr. Romney paid no income taxes during that time.

Meanwhile, Harry Reid's office maintains its devastating silence on his alleged pedophilia.


TOPICS: Politics
KEYWORDS: reid; romney; romneytaxes; taxes

1 posted on 08/25/2012 8:01:41 PM PDT by smoothsailing
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To: smoothsailing

harry is a pedarast. he will not address the issue, he has something to hide.

he is a pedophile, if he is not he needs to prove it.

until he proves he is not, keep your children away from him.

Blessings, bobo


2 posted on 08/25/2012 8:19:21 PM PDT by bobo1
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To: smoothsailing
Romney Has Been Paying Federal Taxes For Last Decade
...and Obama has been wasting them for the last 3 1/2 years

3 posted on 08/25/2012 8:20:03 PM PDT by Baynative (A man's admiration for absolute government is proportionate to the contempt he feels for others)
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To: smoothsailing

Rush said the other day that the reason Dems are pushing for Romney’s tax returns is because they want their base to see what an actual tax return looks like. lol


4 posted on 08/25/2012 8:31:21 PM PDT by DefeatCorruption
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To: smoothsailing

What’s this? That have this info against Reid?


5 posted on 08/25/2012 8:32:45 PM PDT by presently no screen name
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To: DefeatCorruption

HA!


6 posted on 08/25/2012 8:41:14 PM PDT by smoothsailing
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To: smoothsailing

Duh, don’t you think the IRS would have brought a Romney no-pay to Romney’s attention AT THE TIME?


7 posted on 08/25/2012 9:05:55 PM PDT by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
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To: Graewoulf
“Dirty” Harry Reid’s Dirty Tricks Might Be a Felony According To IRS Tax Code

8 posted on 08/25/2012 9:34:52 PM PDT by smoothsailing
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To: smoothsailing

He will never go to prison, he has a difficult time now finding and paying someone to change his soiled diaper now.


9 posted on 08/26/2012 3:28:54 AM PDT by chiefqc
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To: chiefqc

Why Son-of-a-Mitch McConnell hasn’t censured Dictator-of-the-Senate Reid for not passing a Federal Budget in 3 years is beyond RINO excuses!


10 posted on 08/26/2012 8:31:26 PM PDT by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
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