I was skimming through articles at Google News this afternoon and saw an article titled, NYTimes: Yes, Mitt Romney pays his income taxes, I clicked through to find myself at the conservative blog, The Blaze, reading this post:
What are the chances Harry Reid will apologize for his baseless claims to the contrary?
But even though he has not released his returns from earlier years, the 2010 return sheds some light on those years.
That’s because Mr. Romney paid income tax to foreign countries, and as result claimed in 2010 a $129,697 foreign tax credit, which he used to offset taxes he owed in the United States. American taxpayers who claim the foreign tax credit are required to report their total foreign taxes paid and tax credits used for the previous 10 years. So that return contains foreign tax data going back to 2000.
How Romney Paid ZERO U.S. Federal Income Taxes. Could it really be this simple?
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Seeded on Tue Aug 28, 2012 4:21 AM
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