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David Cay Johnston surveys 10 tax lawyers to find out how they would advise a client like Mitt Romney in his column, “Tax Advice For Those Who Want To Be Like Mitt:”

What advice do tax lawyers give private equity managers about saving on taxes as they build wealth?

We may get a first glimpse at the answer on Tuesday when, bowing to public pressure, Mitt Romney promises to release his 2010 tax return and a tax estimate for 2011.

To get a full picture of Romney’s taxes while he made his multimillion-dollar fortune, we would need to see returns going back to 1984-1999, which is when he ran Bain Capital Management. So far, the Republican presidential candidate has not committed to release those returns.

There’s no suggestion that the former Massachusetts governor did anything illegal. However, Congress allows managers of investment partnerships like the one Romney ran to enjoy tax-saving strategies not available to other taxpayers.

So I asked 10 lawyers in seven states how they might advise a new client who is launching an investment partnership – someone like Romney. While we do not know just what Romney’s lawyers advised, the 10 lawyers laid out nearly identical scenarios.

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Rep. Marjorie Taylor Greene

Reprinted with permission from AlterNet

If it seems like it was just yesterday that Rep. Marjorie Taylor Greene labeled the President of the United States and in fact every Democrat in the country “communists,” it was, which is why it might seem strangely hypocritical that the Republican from Georgia is labeling herself the “most attacked” freshman member of Congress in all of U.S. history.

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Danziger Draws

Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons, a novel and a memoir.

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