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Revisiting Romney’s 2012 Tax Scandals: From Carried Interest to a Dancing Horse, in Light of His Tax-the-Rich Plea

Revisiting Romney’s 2012 Tax Scandals: From Carried Interest to a Dancing Horse, in Light of His Tax-the-Rich Plea

Well, now there is a spreadsheet with 40 interesting numbers on it which PWC has boiled down to a few percentages. You have 20 years of adjusted gross income and twenty years of total tax. Why not release those two series ? Is it because the twenty years worth of adjusted gross income would be difficult to reconcile with a net worth of $250,000,000 ?

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.