Why Won’t Romney Release More Tax Returns?

Mitt Romney says he’ll release just two years of tax returns, so John Cassidy notes it’s “only fair to assume that Mitt is doing what he always does: acting on the basis of a careful cost-benefit analysis.”

“But what information could the earlier tax returns contain that would be so damaging if it were brought out into the open? Obviously, we are entering the realm of speculation, but Romney has invited it.”

“Here are four possibilities: 1. Extremely high levels of income… 2. More offshore accounts…. 3. Politically explosive investments… 4. A very, very low tax rate.”