NY Times Reports Romney Paid Federal Income Taxes
Fox NewsEven 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.
The good news for Mr. Romney is the forms suggest that he paid at least some federal income tax every year, as he has said he did.
No comments:
Post a Comment