After increasing pressure in recent days from his fellow candidates and the media, and in the wake of a stunning, last-minute collapse in the South Carolina primary last Saturday, Republican presidential candidate Mitt Romney announced that he would release his tax return information for 2010 and 2011 on Tuesday.
Tax issues can sometimes provide headaches for candidates running for high office. Let's take a look back at some tax-related issues from past candidates:
Geraldine Ferraro (vice presidential candidate, election of 1984) -- Ferraro, a relatively inexperienced representative from New York, was chosen as the first woman on a major-party presidential ticket by Democrat Walter Mondale right before the convention in the summer of 1984. The media swarmed around the ground-breaking candidate and, soon, the New York Times launched an investigation into the financial situation of both Ferraro and her husband, a real estate investor. Eventually Ferraro released several years of tax returns that led to a series of embarrassing revelations of underpaid taxes and illegal campaign loans among other things.
Dick Cheney (vice president candidate, election of 2000) -- By his own admission during his campaign on the ticket with George W. Bush in the 2000 election, Cheney made more than $20 million during the 1990s. His charitable contributions, on the other hand, amounted to only about one percent of his total income during that period. The media zeroed in on this fact and went on the attack. Cheney weathered the storm well, however, and made up for his previous lack generosity. In 2005, for example, Cheney and his wife Lynne donated over $6.8 million on total earnings of $8.8 million.
Sarah Palin (vice presidential candidate, election of 2008) -- The little-known governor from Alaska was chosen by Republican John McCain as his running-mate for the 2008 campaign. But when Palin released her tax information from 2006 and 2007 it was revealed that she had not reported income from per diem payments made to her by the State of Alaska while she was staying in her own home as governor. The state eventually ruled that she had to pay taxes on that income.
Joe Biden (vice presidential candidate, election of 2008) -- Soon after Biden was chosen to be Barack Obama's running-mate during the 2008 campaign he released several years of tax returns. As a career politician Biden is not ultra-rich, but embarrassment ensued when his 1999 return revealed that he and his wife Jill had given a paltry $120 in charitable donations on an income of over $210,000.
penn state newt gingrich joe paterno dead joe pa joe pa michael oher glenn miller
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.