AP Newsbreak: Ohio candidate fought tax assessment --Oops!

[cmd]

http://www.timesreporter.com/newsnow/x863096787/AP-Newsbreak-Ohio-candidate-fought-tax-assessment

The leading GOP challenger to Democratic U.S. Rep. John Boccieri was assessed nearly $1.4 million in unpaid state taxes, interest and fees in 2006 — a finding he vigorously challenged but eventually agreed to pay.

According to an Associated Press review of public documents, Republican Jim Renacci (rihn-AY-see) and his wife Tina filed adjusted gross income in 2000 of negative $247,000. A state audit completed in 2006 calculated it at $13.7 million. They were assessed $954,650 in unpaid taxes, $146,938 in interest, and a $293,876 penalty.

Renacci appealed the entire assessment. He believed he had properly followed state tax law when not declaring $14 million held in trust. A message seeking further comment was left with his campaign spokesman Tuesday.

[Ikonoklast]

1. Uhhh, trust fund income is still income, you jerk.

Another rich asshole that feels that taxes aren't for him, just for other people to pay.

[Sara Bradi]

2. I have an addition to Renacci's TV Ad

Ohio: Renacci Airs His First TV Ad

http://blogs.cqpolitics.com/eyeon2010/2010/04/ohio-renacci-airs-his-first-tv.html

"Now Jim Renacci is running for Congress.
He knows how to create jobs.
He knows how to balance a budget.
He listens."

Here is my addition:

"He knows how to cheat on taxes,
  as your congressman, he will help you do the same"

[Sara Bradi]

3. same story another report

http://tpmdc.talkingpointsmemo.com/2010/04/boccieris-potential-gop-challenger-fought-1m-tax-assessment.php

Republican Jim Renacci, a successful businessman, and his wife "filed adjusted gross income in 2000 of negative $247,000 but a state audit calculated the sum at $13.7 million, according to an Associated Press review of public documents."

The Renaccis were then assessed nearly $1 million in unpaid taxes, along with hundreds of thousands of dollars in interest and penalties. Renacci fought the assessment -- but eventually paid it off.

How do you go from an income of   -$247,000   to   +$13,700,000 ?

A TRUE rags to riches story, if I ever saw one.

:sarcasm: :rofl: :sarcasm: :rofl: :sarcasm: :rofl: