Mitt Romney has done very well and has wealth. Romney is a smart guy and smart enough to know his tax is massive and complicated and doesn't have the time or talent to do his taxes himself. Therefore he hires a very good and trusted accounting firm. He, like most wealthy people, doesn't want to get audited so the instructions are simple, follow the tax laws.
First, let's understand why Romney has offshore accounts. America banks allow only $250,000 coverage under current FDIC. Why report from 30 or 40 banks when you can report from one or two? The income is still reported. The White house has leaked classified information recently, what would stop them from releasing damaging information on Romney's tax if they had it?
By now the IRS has heard the media flap about Romney's taxes. To make sure it doesn't get egg on its face sometime down the road if it is wrong the, the IRS has checked and double checked Romney's filings and would start criminal proceedings if Romney had not paid taxes.
I was not a big fan of Bush but I am tired of hearing, "It's Bush's fault." Most people didn't know or don't care that when Bush's term started to fail, both the House and Senate had become Democratic.
Never miss a local story.
KIRBY HAMMOND, Richland