Skip to comments.NY Times - Romney Has Been Paying Federal Taxes For Last Decade
Posted on 08/25/2012 8:01:36 PM PDT by smoothsailing
August 25, 2012
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.
Thats 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 cant 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.
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.
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
What’s this? That have this info against Reid?
Duh, don’t you think the IRS would have brought a Romney no-pay to Romney’s attention AT THE TIME?
He will never go to prison, he has a difficult time now finding and paying someone to change his soiled diaper now.
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!