Friday, 21 September 2012 00:00
“Trust me” is the message Mitt Romney is sending in not disclosing more than two years of his tax returns. It is reportedly public knowledge that he has Swiss bank accounts and tax shelters in the Cayman Islands to avoid paying his share of taxes. It is believed prior tax records will show he either paid no taxes in some years or was caught in the act of evading taxes. Mr. Romney might have received federal tax amnesty from the IRS, granted to American tax cheaters who admitted their deceit. The question on everyone’s mind is “what is he hiding?” Paul Ryan, the vice presidential nominee, had to submit at least 10 years of his tax returns during his party’s vetting process.
With all of Romney’s pious pronouncements of charity works, if he has avoided paying his share of income taxes, the public has a right to know. Offshore tax shelters, loopholes in the law that benefit the wealthy and corporations deprive the government treasury of taxes that would otherwise be used to support not only social programs but needed projects, such as rebuilding our infrastructure, and in general, support of all other government agencies. What is expected is that everyone, including Romney pays their fair share.
Katherine Aliferis, Franklin Square Resident