Please ensure Javascript is enabled for purposes of website accessibility
October 1, 2023

Kirsten Gillibrand Shows Mitt Romney How It’s Done

Releasing tax returns, that is:

Sen. Kirsten Gillibrand (D-N.Y.) has released five years of federal and state income tax returns on her website — the first senator to release returns from her entire public career, according to her office. Spokesman Glen Caplin said that Gillibrand wanted to contribute to the “ongoing national debate” about releasing returns.  Democrats have been pressuring GOP presidential candidate Mitt Romney to release ten years of his tax returns, including his time in private life. But Democratic leaders like House Minority Leader Nancy Pelosi (D-Calif.) have refused to release their own returns. 
Public life has been pretty good for Senator Gillibrand mostly because she pays less in taxes! In 2008, before she was a senator, she paid over $103k in taxes with an effective tax rate of 26%; in 2011, she paid only $28k and had an effective tax rate of 17%.
As for Tricky Mitt, he's still doing his best Clark Griswold impression, but it's likely that the call for his returns will re-emerge when he gets back to the States. At least this will give his staff some time to recognize what a painless experience posting some PDFs on a website can be. One thing is for sure – George Romney would have appreciated the simplicity.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

Woman wearing a dunce cap writing I WILL NOT on a concrete wall

Look What PwC Made the Australian Government Have to Do

The Australian government released exposure draft legislation yesterday in response to “the PwC matter” and the funniest part is the special email they made to receive comments: [email protected]. Not ConsultingReponse or Sept23TaxReform, specifically PwCResponse. In four separate exposure drafts that amend the Taxation Administration Act 1953 (TAA) and/or the Tax Agent Services Act 2009 (TASA), […]

Internal Revenue Building Sign in Washington DC

The IRS Has Stopped Processing ERC Claims Because ERC Mills Are Scamming the F*ck Out of Them

The IRS announced today that it has issued an immediate moratorium on processing new employee retention credit claims at least through the end of the year. The agency cited “rising concerns about a flood of improper Employee Retention Credit claims,” driven by “aggressive promoters,” as the reason for closing the door on ERC claims. IRS: […]