Romney should open tax returns


January 18, 2012 - 12:00 AM

Mitt Romney should make his income tax returns public. Not to satisfy his Republican opponents, but to let the American people see how much the super-rich contribute to maintain the society that allows them to get super rich.

The public will first see that the tax returns for a man who accumulated a quarter of a billion dollars or more running a private equity firm contain enough pages to make a fair-sized book; hundreds of pages full of complexities, all of which will need quite a bit of explanation to be intelligible to you and me.

More than likely, the public also will learn that a sizeable amount of Mr. Romney’s income is taxed at the 15 percent capital gains rate rather than the 39 percent rate that upper bracket ordinary income draws.

April 6, 2022
January 5, 2013
September 25, 2012
January 19, 2012