World

When Did You Stop Paying No Taxes?

Harry Reid says an unnamed Bain Capital investor told him Mitt Romney “didn't pay any taxes for 10 years.” I don’t buy this rumor for a second -- it’s rare for a wealthy person to get his tax burden all the way down to zero, and if Mitt Romney did, I very much doubt that he was blabbing to his investors about it. Romney spokeswoman Andrea Saul has previously denied that Romney ever had a $0 tax liability.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.