Showing posts from August 7, 2012

The problem with Mitt Romney's refusal to release tax returns

George W. Romney (father of Mitt Romney) released twelve (12) years of tax returns when he ran against Richard Nixon for the Republican Presidential nomination in 1967-68. He was believed to be the first candidate to release that amount of personal financial data. The UPI reported at the time, "Many presidential candidates in the past have disclosed their net assets, stock holdings and other financial data which might relate to the public trust. But Gov. Romney was believed the first to make his income tax returns public - including his annual wages, dividends, interest, capital gains and other compensation." The article mentioned that George Harris, senior editor of Look magazine, asked to see Romney's latest tax filing. Romney hesitated, saying, "One year could be a fluke, perhaps done for show..." Romney then shocked Harris by compiling and releasing all the 1040 forms he and his wife had filed for the past twelve years, including the period of time in w