TurboTax Behind Campaign Against Free Tax Filing

By: Tuesday April 15, 2014 5:57 am

As Americans around the country pay TurboTax to file their taxes many are likely unaware that the company underwrote a stealth campaign against a program that might allow tens of millions of Americans to file their taxes for free and in minutes. Intuit, the parent company of TurboTax, launched a campaign against return-free filing which [...]

Mitt Romney’s Low Tax Rate a Function of How US Treats Capital Gains and Dividends

By: Friday September 21, 2012 1:03 pm

Mitt Romney’s tax returns are now posted, along with that letter summarizing the previous 20 years of taxes. You can find them here. Without delving too deeply into the return, I will say that Romney’s low effective tax rate is not a function entirely of Mitt Romney being a scoundrel as it is a function [...]

Romney Prepares to Release 2011 Tax Return, Letter About Previous 20 Years

By: Friday September 21, 2012 11:35 am

Mitt Romney plans a Friday afternoon news dump for releasing his 2011 tax returns, which so far he has only released in a partial fashion. The early report from the manager of Romney’s blind trust is that he paid an effective 14.1% tax rate in 2011, not much better than the 13.9% rate for 2010, [...]

Hacker Group Claims to Have Stolen Romney’s Old Tax Returns

By: Wednesday September 5, 2012 1:07 pm

These things don’t always pan out – remember those secret Bank of America documents allegedly in the possession of Wikileaks? – but Mashable reports that a group of unnamed hackers claim to have obtained a copy of Mitt Romney’s pre-2010 tax returns: The group allegedly obtained the files from PricewaterhouseCooper’s Tennessee office on Aug. 25, [...]

More Romney Tax Stories Dribble Out

By: Tuesday August 28, 2012 8:56 am

Try as they might to shift to the economy, something always gets in the way for the Romney campaign. In this case, it’s the actions of Mitt Romney throughout his life to wall off his fortune from the Internal Revenue Service and ensure a continuing Romney aristocracy for the next generation. First, even by what [...]

Management Fee Conversion Saved Romney Millions in Taxes

By: Friday August 24, 2012 7:35 am

Mitt Romney made a statement last night that “big business is doing fine,” largely because “they know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses.” This comes weeks after the entire media [...]

Romney Cites Desire for Privacy on Mormon Church Tithing

By: Thursday August 23, 2012 12:24 pm

Gawker just dumped 950 pages of internal documents, mostly internal audited financial statements, from 20 funds tied to Bain Capital, investment vehicles for Mitt Romney, which they claim “reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit [...]

To Romney, Taxes Are a Form of Charity

By: Monday August 20, 2012 10:15 am

I wondered about this too at the time. In fact I mentioned it in my story about Mitt Romney’s latest statement on his tax returns. For a refresher, here’s what he said: But I did go back and look at my taxes and over the past 10 years I never paid less than 13 percent. [...]

Romney Insists He “Never Paid Less Than 13 Percent” in Taxes

By: Thursday August 16, 2012 11:47 am

Mitt Romney showed a little leg on the question of his tax returns today, responding to reporters by saying that he has never paid less than 13% in taxes. I just have to say, given the challenges that America faces – 23 million people out of work, Iran about to become nuclear, one out of [...]

Under Ryan Plan, Romney’s Tax Rate Shrinks Under 1%

By: Monday August 13, 2012 6:14 am

If the Romney campaign thought that their Vice-Presidential selection would take the heat off their candidate’s refusal to release more than two years of tax returns, that was laid to rest when Bob Schieffer asked Paul Ryan last night on 60 Minutes how many years of tax returns he had to give to the campaign. [...]

Jon Huntsman Sr. Not Harry Reid’s Source, But Thinks Romney Should Release Tax Returns

By: Friday August 10, 2012 2:00 pm

We can rule out Jon Huntsman as the mystery source for Harry Reid’s claims about Mitt Romney’s tax returns. He told Greg Sargent today that he was not the source. However, he did encourage Romney to release the returns. Huntsman forcefully called on Romney to release his tax returns. This matters, because Huntsman is a [...]

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