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In Superrich, Clues to What Might Be in Romney’s Returns
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| Contributor | WesternDem |
| Last Edited | WesternDem Aug 11, 2012 01:11am |
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| Category | News |
| Author | JAMES B. STEWART |
| Media | Newspaper - New York Times |
| News Date | Saturday, August 11, 2012 06:55:00 AM UTC0:0 |
| Description | On the face of it, Senator Harry Reid’s explosive but flimsily sourced claim that Mitt Romney paid no income tax seems preposterous. Mr. Romney has denied it, and without his returns no one can say for sure. But for someone who makes millions of dollars a year, would it even be possible?
Evidently it is.
It so happens that this summer the Internal Revenue Service released data from the 400 individual income tax returns reporting the highest adjusted gross income. This elite ultrarich group earned on average $202 million in 2009, the latest year available. And buried in the data is the startling disclosure that six of the 400 paid no federal income tax. |
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