CNN Money: Romney full tax history still a mystery

[cal04]

(snip)
The letter did not give any dollar amounts of income or taxes paid. And it only referred to adjusted gross income, rather than total income, which can be substantially higher.

"Adjusted gross income is not a full measure of income," said Roberton Williams, a senior fellow at the Tax Policy Center.

Williams said the wealthy often use tax shelters and investments overseas to reduce their adjusted gross income and the resulting tax bite.

"What you'd like to know is what was his full income from all sources and what taxes did he pay," Williams said. "That would give you an appropriate measure of his effective tax rate rate."

http://money.cnn.com/2012/09/21/news/economy/romney-tax-history/index.html
more at link

[awake]

1. wow

This was on CNN!!

[GreenPartyVoter]

3. That's saying something.

[XemaSab]

6. I know! There's a first time for everything, I suppose

Speaking of, welcome to DU!

[salin]

2. Ouch! The MsM has taken off the kit gloves

for a couple of decades we have watched this fake equivalency of news coverage (except on Fox) where when one says something negative about one candidate or party, there is an attempt to put out an "equal" negative on the other side in an attempt to project neutrality. Even when there is no equivalence.

In the past week, the ground has shifted significantly. A large majority of the public has adopted the view that this candidate and those pushing his method are completely synthetic (made out of non-natural materials to create some other fabric), and completely opaque.

The fact that CNN is reporting that even what has been released is still questionable per understanding it, is (in my opinion) a rather big deal. Signals a significant shift in the landscape.

[ProSense]

4. Come clean, Mitt. n/t

[highplainsdem]

5. K&R