"The word's out that he hasn't paid ANY taxes for 10 years. Let him prove that he has paid taxes, because he hasn't."
- Senator Harry Reid
Romney paid $3,009,766 in Federal income taxes in 2010.
He paid $3,226,623 in Federal income taxes in 2011.
Further, the whole “investor” thing is ludicrous, too. What investor is privy to the individual tax returns or lack thereof of the ownership of an investment firm … especially when the alleged tax evader hasn’t been involved in the management of the company for more than a decade?
Lastly, after Reid made his accusation, the Salon.com writer Alex Seitz-Wald about its theoretical plausibility and determined that it was
It's time to punish this bastard.
“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes.
Over and over again, the courts have said that there is nothing sinister in so arranging his affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.”
- Judge Learned Hand, a Progressive, who has been quoted more often than any other lower-court judge by legal scholars and by the Supreme Court of the United States in history