Mitt Romney knows how to do a cost-benefit analysis, and he’s determined that it’s better to be dogged by reporters for failing to release his tax returns for the duration of the 2012 campaign than it is to make the documents public. Never mind that a majority of Americans – and a third of Republicans – think he should come clean.
It’s beyond obvious that whatever’s in those returns must be enough to do serious damage to Romney, or even sink his candidacy completely.
What might it be, exactly? In the vaccuum Romney has created by not disclosing, any number of theories have been floated as to what his returns could reveal. For your convenience, we’ve collected 10 theories that are making the rounds in the political press.
The Smirking Chimp (NOT Daily Kos ;-> )
Given Romney’s refusal to release his returns, this kind of speculation is entirely predictable. But the most likely reason Romney doesn’t want to release his returns is that they’ll cast a bright light on the aggressive tax avoidance strategies the super-rich use every day – strategies David Cay Johnston outlined so well in his excellent book, Perfectly Legal. The Romney campaign keeps assuring us that he paid all taxes required by law, and that very well might be the problem.
(Emphasis by TB3)