Romney's Doomed 'Tax Returns for College Transcripts' Strategy

? Please Stop by Today at AALS Annual Meeting | Main | Lawyers Who Hire Law Students for Their Free Lexis/Westlaw Access Violate Ethics Rules ?

January 6, 2012

Romney's Doomed 'Tax Returns for College Transcripts' Strategy

Following up on my prior posts (links below): William Jacobson (Cornell), ?Tax Returns for College Transcripts? Will Not Work:

The second Mitt Romney announced he would not release his income tax returns if he becomes nominee I predicted it would not stand because?the refusal?would, at a minimum, create a major distraction.? It?s part of a larger problem with secrecy which will haunt Romney if he is the nominee.

The most likely scenario is that almost all of Romney?s income is taxed at the 15% long term capital gains rate, playing right into the hands of Team Obama in its Secretaries versus Bosses campaign theme.

Many commenters here believed Romney was setting a trap for Obama to complain, since Romney could say something along the lines of ?I?ll release my tax returns when you release your college records?.?

The ?tax returns for college transcripts? approach will not work.? There are effective ways to question Obama?s narrative, but holding the Republican nominee?s tax returns hostage is not one of those ways. ...

So what?s the deal?? It?s pretty simple.? We might say that a specter is haunting Mitt Romney ? the specter of the Buffett Rule.

Prior TaxProf Blog coverage:

January 6, 2012 in Political News, Tax | Permalink

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4eab53ef0168e50dfc3f970c

Listed below are links to weblogs that reference Romney's Doomed 'Tax Returns for College Transcripts' Strategy:

Comments

Mitt's tax returns will probably reveal that Romney is a corporation and not a natural person; which is kind of what a lot of us leftists suspected all along. No natural person has hair quite that perfect. After Citizens United, of course, as a corporation he would still be eligible to become President.

Posted by: Kip | Jan 6, 2012 2:10:42 PM

Post a comment

Source: http://taxprof.typepad.com/taxprof_blog/2012/01/romneys-doomed.html

quadrantid norv turner work it jerry angelo amy chua iowa gop gloria steinem