Both Romney and Harry Reed might be right on Romney’s taxes

This post was written by marc on August 16, 2012
Posted Under: Letters to the Editor

Letter to the Editor

Harry Reed has accused Romney of paying no federal income taxes. Romney said that he has always paid at least 13%. Could they both be right? Actually yes!

If you take the year 2008, the year of the great Bush stock market crash most everyone in the investment world has losses they could write off. So Romney could claim no income and 13% of zero is zero. And that makes both of them right. Of course we’ll never know because Romney is hiding his tax returns so we voters will have to use our imagination to figure out what the truth is.

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