Relevant and even prescient commentary on news, politics and the economy.

A Couple of Questions for Romney Trustee Brad Malt and Former-IRS-Commissioner-cum-Romney-Testimonial-Provider Fred Goldberg

Between 1990 and 2009, the Romneys’ average annual effective federal tax rate was 20.2 percent, according to [notarized tax return summaries by Romney trustee Brad] Malt. The lowest effective federal personal tax rate they paid in that period was 13.66 percent, he said. Over the same 20-year period, the couple gave an average of 13.45 […]

Why I Think Romney Might Have Used the 2009 IRS Foreign-Bank-Account Amnesty Program

[A]n unusually high foreign tax credit in 2008 raises questions about the size and source of Mr. Romney’s foreign income that year and how it was treated for tax purposes.  — Tax Credits Shed Light on Romney,* James B. Stewart, New York Times, Aug, 24 I don’t follow finance-industry news very closely, and the only […]

Romney says he never paid less than 13% in taxes for any of the last 10 years. But how much would he pay each year once the Ryan plan is passed?

… And when, exactly, did he pay that at-least-13% per year?  Might some of it have been paid under the 2009 IRS amnesty plan for people who’d been hiding money in secret overseas bank accounts, after the Swiss banks suddenly agreed to reveal to the IRS the identities of American account holders? Just wondering.