Romney’s Tax Return Nightmare Worsens After Errors Found In Financial Disclosure Statements

[Tx4obama]

8. Mitt should have done what his daddy did and remembered his daddy's words

which are now going to come back to haunt him

SNIP

In 1967, Michigan Gov. George Romney set the bar high for tax disclosure by presidential candidates. While running for the Republican nomination, he was "badgered" by a writer for Look magazine to release his most recent tax return.

Romney refused. Releasing a single return wouldn't prove anything, he told the magazine's senior editor, T. George Harris. It could be a fluke, or even a cynical manipulation designed to make the candidate look good. What really mattered was how a candidate managed his personal finances over the long haul.
Why Mitt Romney pays 15%

"Stumped by his argument," Harris wrote in the magazine, "I was not prepared for the move that it eventually led him to make: He ordered up all the Form 1040's that he and Mrs. Romney had filed over the past 12 years -- including those profitable ones when he saved the American Motors Corp. from bankruptcy and became a millionaire on the company's stock options."

SNIP

http://money.cnn.com/2012/01/18/news/economy/romney_taxes/index.htm