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onenote

(42,700 posts)

5. He reported a loss carryover from 2009

Reply to pnwmom (Reply #3)

Tue Jan 24, 2012, 03:07 PM

Jan 2012

which suggests that his net income for 2009 probably was significantly less than in 2010 or 2011. That doesn't mean that he didn't make a lot of money in 2009 or that he shouldn't be pressured to release additional returns. It just means that as between his making the same amount of money (net) and paying less taxes on it and paying less taxes because he had lower net income, the latter seems more likely.

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Mitt appears to have paid far LESS in taxes in 2009. [View all] pnwmom Jan 2012 OP

too early!!! unblock Jan 2012 #1

Makes sense. 2009 was not a good year. Bok_Tukalo Jan 2012 #2

Lots of wealthy people made lots of money while the market was crashing. pnwmom Jan 2012 #3

He appears to have made lots of money too Bok_Tukalo Jan 2012 #4

He reported a loss carryover from 2009 onenote Jan 2012 #5

Maybe he was using one of those tax shelters that cause large paper losses. pnwmom Jan 2012 #6