long-term capital gains tax
Governor Mitt Romney has finally capitulated to the nation’s wealth-haters, releasing his tax records months before primary candidates typically do to quell swelling resentment fueled by Occupy Wall Streeters, left-leaning media, and boobs like Newt Gingrich, Rick Perry, and John Huntsman. (Thanks, GOP candidates!)
Of course Romney’s forthrightness isn’t good enough for the left, who now argue that he must release a dozen or perhaps 20 years of tax records, so we can spend the next ten months scrutinizing them for rounding errors and keep the focus off President Obama’s record.
Obama-friendly journalists are suggesting Romney also release information on his complete financial portfolio, his retirement accounts, his trust funds for his wife and children, and sworn affidavits from eyewitnesses that he never cheated at Monopoly. (When is the media going to demand that Obama release his college transcripts?)
Romney’s tax records showed apoplectic liberals and gullible mainstream media that he paid 14% federal income tax on the $42 million he earned in 2010 and 2011. read more »