From B2 regarding Reid and his money, a couple of points. First, it's really pretty unremarkable to turn $1.2 million in 1982 to $4-10 million today.
Posted by
pmb (aka pmb)
Aug 16 '12, 07:58
|
At just a 7% annual compounding return that would double 3 times in 30 years. So $1.2 million would turn into $9.6 million at just a 7% return (a rate that would have been quite low in the 80's and 90's). As Dawson said, if there's something shady in how he made it, then have at him.
Second, I just don't get the defense of Romney on this release of taxes issues. Ann Romney says they're not releasing any more tax returns because it just gives ammunition to the other side. But if a key part of their platform is not only maintaining this tax rate for the rich, but cutting it further, they shouldn't be concerned about it. They should be explaining why it's a good thing. How it permitted him to otherwise create jobs and show how he did it. Instead it looks like (assuming there's nothing shady in the returns) they're embarrassed about it. If that's what they believe, they shouldn't be. And if it has the opposite impact of making people think it's unfair, then he loses on the merits of his issue, not his tax return.
|
Responses:
|