[quote=ucodegen]The problem is that it opens the whole thing to a fishing contest. Romney makes most of his income from Investments. 2008 was a very bad year for investments and any smart tax planner would use the losses of 2008 to cancel any gains in 2009 and after if possible. I think the Obama campaign is trying to bring up that Romney didn’t pay taxes in 2009 (because of investment losses). This is likely to play well people who don’t understand saving and investing, and will make a good ‘sound bite’ and diversion from the facts and presidential performance. The problem is that the previous election, very few Democrat Presidential hopefuls revealed their tax returns. Almost all of the Republican hopefuls revealed 2 years. One needs to ask: What is the real point of this requirement?[/quote]
I seriously doubt this is the reason for Romney’s hesitance. I actually think he made a LOT of money in 2008. He probably profited off of bets against America. Smart bets in hindsight, but the kind of stuff gets even Tea Partiers mad.
