maybe the tax obsession is the one and only thing that is important to some. It surely makes a statement if it is.

To continue day in and day out on minutia is truly unbelievable or the party has run short on issuing new(er) talking points.

Wake me up when the real issues that affect Americans EVER comes up for discussion....or should I say get discussed because I know me and others have tried and failed to get any response.

Until then be happy in your plight for tax returns....that will be so helpful in your future years!!

btk

If it is a SEP-IRA, let's say he contributed $50K per year (to make the math simple) for 30 years - that is still only $1.5M in contributions. Also, we know that $50K would not have been the limit for all of those 30 years as there have been incremental increases. In addition, I'm not certain that he would have been eligible for a SEP-IRA during all of those years because he was an employee (Boston Group and IOCC) at certain times in the past 30 years.

I think it's very simple. If the general public(middle class)really sees what is going on with tax loopholes for the rich and how much they don't pay in relation to the % they should be paying some independents will be shocked , angry and might take it out on him at the polls. I just think he realizes that disclosure will hurt him more than hiding them from us. And please I am also not saying Romney did anything criminal,what's criminal is a tax code that allows the many loopholes for what seems to be only the wealthy.

For general information, it is possible to roll over funds from other retirement accounts to an IRA without violating the contribution limit. It is also possible to have shares of your company stock in a retirement account and if the company does well the value of your IRA stock can also do well. Just think of how some of the internet companies have done in the past few years.

For clarification, the roll-over accounts would have had the same contribution limits.
The shares of company stock would also be similarly restricted to the IRS contribution limit.

waynet - and where whould these unknowing general public/middle class be living - under rocks? do you really think they are not aware of these abuses? - OR - that there are democrats taking advantage of them, too? - many of whom in both parties those general public/middle class voters keep reelecting to congress!

rather, i believe that is why so many general public/middle class folks want to see major changes to our tax codes - and are frustrated because no one will listen to what we want because they are too busy telling us what we need!

Now that is something I agree with as does Governor Romney. We need tax code revision badly and had Obama not ignored the committee he appointed we might be on our way but it will take a long time.

Here's a good article on how Timothy Geithner, Treasury Secretary has become known as "Secretary Loophole".....

It shows what convoluted schemes can be carried out while following the "letter of the law" in the tax code.

This is good reading for everyone, regardless of being a righty or a lefty.

The American Spectator : Secretary Loophole

THAT is an incredible read.....sort of answers a number of questions though

Thanks for a great read !

When Obama doesn't accomplish something he's ignoring it; when he tries he's wrong....nothing, absolutely nothing he does gains approval with the Party of No. Oh, and I can predict the replies. "we approve of him losing"...cute. :ohdear:

The number of prominent republicans now calling for Mitt Romney to release his tax returns is now up to 21, with Ed Rollins being the latest to call for the release on Fox News Sunday.

Top GOP Strategist Pushes Romney To Release More Tax Returns: 'Two Years Is Not Enough, Obviously" | ThinkProgress


Ann Coulter said on ABC's This Week, that Bill Clinton never released his medical records. Someone should tell Coulter it's not Mitt Romney's medical records that are in question.

Remember every time Coulter opens her mouth it creates a cash flow for her, same with Palin. The more controversial the speak, the more cash they make.

media based knowledge is so limiting. So biased! And remember it is their job to be first, then they will determine if it is true or not!!!!

I suspect the "prominent" republicans are only playing the vote saving game.

I also suspect that EVERY politician with 6 figures or more of net worth are also playing the game and wishing/hoping desperately that the tax fluff and distraction goes away.....remember like Pelosi said there are far more important issues to worry about.

Yup if Mitt has to show his then a lot of others will have to follow and show theirs....

Just why does anybody care what his tax returns show? We know what ever they show will be legal and allowed by the IRS.
There were many more controversial issues Obama related when he was a candidate.....I guess the advantage then and now is anything with doubt involving Obama gets little of no coverage by the main stream media....the information source (unfortunately for them ) of millions of loyal followers.

How eager would any of you be to show your tax returns to a bunch of known waiting vultures who have only one objective in mind. To make you look bad...even if you are not....to say things to put you on the defense....to lie about what they saw to discredit you.....now how many of you that are so eager for Romney to do that would do so as well.

And please don't belittle yourself by telling me he is running for POTUS.....just please answer the question. Would it be OK for a group of waiting vultures do that to you?
As with all the other specific questions ever asked on this forum, I do not expect this one to be answered either.....anyway we all know the answer is no!!!

btk

Willard seems to be taking the position that if he ignores these calls to releases more of his returns, the issue will fade away.

Either this week, or next, he will announce his VP pick, and that will take some of the heat off the tax return issue. But, it will not go away - wonder how many years of returns his VP will be required to release.

That is a very good question. I'm thinking Romney's vetting team will see many years of returns but we the little people will never get a peep.