Quote:
Originally Posted by janmcn
So looking forward to hearing Mitt Romney explain how his $180,000 in contributions to his IRA, $6000 maximum amount allowed for 30 years, is now worth between 20 and 100 million dollars, and how he has been sheltering this money in a tax free account all these years.....
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Maybe that question should be asked of Treasury Secretary Tim Geithner who's over the IRS, to see why they have not prosecuted Romney for such alleged violations.
After all, Geithner is no stranger to working the system......
"The statute of limitations had expired for 2001 and 2002, and Geithner did not file amended returns or pay the additional amounts due for those years until after Obama expressed his intent to nominate Geithner to be Secretary of the Treasury.
He also deducted the cost of his children's sleep-away camp as a dependent care expense, when only expenses for day care are eligible for the deduction, failed to assess himself an early-withdrawal penalty from a retirement plan, took a charitable-contribution deduction for ineligible items, an improper small-business deduction, and made illegal expensing of utility costs that went for personal use."
http://en.wikipedia.org/wiki/Timothy_Geithner