MITT, ABOUT YOUR TAXES...

Mitt Romney states that the substance of Sen. Harry Reid's claim of what he was told by a good source at Bain - that Romney did not pay taxes for 10 years - is not true and that Reid should "put up or shut up".  A better response would be for Romney to make public his tax returns and settle the matter once and for all.  The questions about Romney's taxes will not go away, and people will continue to wonder if he has something to hide.

Harry Reid did not back down and put out a statement which includes the following quotes:

There is a controversy because the Republican presidential nominee, Governor Mitt Romney, refuses to release his tax returns. As I said before, I was told by an extremely credible source that Romney has not paid taxes for ten years. People who make as much money as Mitt Romney have many tricks at their disposal to avoid paying taxes. We already know that Romney has exploited many of these loopholes, stashing his money in secret, overseas accounts in places like Switzerland and the Cayman Islands.
....

When it comes to answering the legitimate questions the American people have about whether he avoided paying his fair share in taxes or why he opened a Swiss bank account, Romney has shut up. But as a presidential candidate, it’s his obligation to put up, and release several years’ worth of tax returns just like nominees of both parties have done for decades.

There are those who say that Reid should not have made the claim, because he admits he's not certain it's true, that therefore what Reid said is no more than gossip.  Perhaps so, but Reid is nobody's fool, and I'm pretty sure he thought the matter through before he made the claim and before he released his subsequent instatement.  If the claim is not true, think how foolish Romney could make Reid look by releasing his tax returns.  So.  Will he, or won't he release his tax returns?

Photo from Wikipedia.

H/T to Juan Cole.

ROMNEY WISHES HE WAS POORER...

From the Wall Street Journal:

If elected president, Mitt Romney might consider ending a tax break that helped the former Massachusetts governor accumulate his fortune, an aide suggested Tuesday.

The comments came as the Romney campaign made available more than 500 pages of tax-return data for 2010 and 2011 amid signs the issue was hurting him with some voters.

No, wait! He's happy to be richer.

Later in the day, in a signal of how the tax issue is roiling the GOP campaign, the Romney camp tried to step back from the aide's remarks, underscoring that the former Massachusetts governor didn't want to raise anyone's taxes.

Romney closed down his Swiss bank account but retains accounts in the Cayman Islands, Bermuda, and other tax havens.

How rich is Romney?

Also from the WSJ.

So rich, that he makes the one percenters look like the 99 percent.

According to a calculation from Emmanuel Saez, the economist at the University of California at Berkley, who has become the top expert on top incomes, Mitt Romney’s income of $21.7 million puts him well above the 1%.

In fact, his income puts him in about the 99.9975% income bracket. Put another way, Mitt is in the top 0.0025%.

Whoa! That IS rich. But we all knew Romney was extremely wealthy. He should have released the tax returns early on and not shown such reluctance. Who did he think he was kidding?

Picture from Wikipedia.

UPDATE: And further, I hear complaints that the Occupy Wall Street folks have no coherent message. Well, at least one coherent message seems to have been sent out that even the Wall Street Journal understood: the 1% compared to the 99%. I don't remember seeing the percentages mentioned in the media before the OWS movement. "We are the 99%," is brief, pithy, and quite easy to understand. Yo, everyone! OWS has a coherent message.

H/T to Charles Pierce, who sees evidence that President Obama also understands the message.