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thesquanderer

(11,954 posts)
Mon Aug 6, 2012, 12:58 PM Aug 2012

Mitt doesn't have to release his tax returns...

If he genuinely wants to prove he paid income taxes every year, and doesn't want to release his returns, all he has to do is produce copies of the cancelled checks made out to the IRS with the proper indication on them indicating they were for that year's 1040.

Doing so would not be at odds with is reticence to release his detailed returns. So if he won't even do that to disprove the allegations, then I'd say it would be hard to believe he paid anything.

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Mitt doesn't have to release his tax returns... (Original Post) thesquanderer Aug 2012 OP
Nope, he needs to release his tax returns. Bluenorthwest Aug 2012 #1
I meant... thesquanderer Aug 2012 #2
Yes it is. jmowreader Aug 2012 #7
No connection between the two... brooklynite Aug 2012 #3
What withholding? spinbaby Aug 2012 #5
True... thesquanderer Aug 2012 #6
Returns. Full disclosure. Bake Aug 2012 #4

thesquanderer

(11,954 posts)
2. I meant...
Mon Aug 6, 2012, 02:58 PM
Aug 2012

...that it isn't necessary to release returns in order to rebut and put an end to these particular charges.

jmowreader

(50,453 posts)
7. Yes it is.
Tue Aug 7, 2012, 03:30 AM
Aug 2012

Romney-sized tax payments almost have to be done via electronic funds transfer because they don't make checks large enough to hold that many zeroes.

Kidding aside, if Romney releases those returns people are going to start looking closely at them, and he's screwed. (Which is what we want, but still...) This kind of forensic analysis is what brought to light things like Romney's $77,000 dancing-horse deduction.

brooklynite

(93,871 posts)
3. No connection between the two...
Mon Aug 6, 2012, 03:03 PM
Aug 2012

...he coule theoretically have paid millions in taxes through payroll deduction, quarterly withholding etc., and not had to make an additional payment with his tax filing.

thesquanderer

(11,954 posts)
6. True...
Mon Aug 6, 2012, 07:09 PM
Aug 2012

...it does get more complicated... for someone in his position, probably not for the specific examples you mentioned but more likely the similar possibility of filing quarterly estimates. Though those could be made public as well... those payments are typically based on 25% of the tax paid the previous year. If no taxes were paid the previous year, those payments would likely not be made either.

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