Mitt Romney is making a huge mistake by not releasing his
tax returns for the public to view.
That is the one area that I agree after reading this blog
at Don’t Mess with Taxes. However, the
main argument presented is that Romney may actually be committing tax fraud by
not releasing his returns.
The author points out that we have interest in the tax returns
because of the “celebrity” status of the Republican candidate.
“Yes, everyone deserves to keep some things from public
view. But, when the person who might
lead the United States wants to keep secrets about a process, paying taxes,
that each of us must participate in, how can he or she expect us to continue to
have faith in that system or his or her ability to change it?”
I may be making too much of an assumption on this, but I
feel that the blog is implying that Romney didn’t pay his taxes. If that’s the case, then I majorly disagree
If Romney is trying to hide something, which may prove to be
true, it certainly isn’t him not paying his taxes. Romney is still a United States citizen and
falls under the guidelines and the requirements of the IRS and would be
eligible to have his wages garnished for not paying taxes if that were the
Romney, even as a Presidential elect, still must follow the
laws of our nation. Again, I do agree
that Romney is making a mistake by not releasing the information that the
public is requesting.
Election Day is quickly approaching and shortly after that
will be tax day. Let’s not wait until
April to discuss your tax plan. Let’s
get started to day with your tax strategy.
Call or stop by and see one of our associates.
Disclaimer: Every effort has been taken to provide the most accurate and honest analysis of the tax information provided in this blog. Please use your discretion before making any decisions based on the information provided. This blog is not intended to be a substitute for seeking professional tax advice based on your individual needs.