Thursday, February 4, 2010

Will Mitt Romney get a big tax break from loaning $17 million to his failing Presidential campaign?

Once he has disbanded his Presidential campaign organization which doesn't repay him, can he claim that as a deduction?Will Mitt Romney get a big tax break from loaning $17 million to his failing Presidential campaign?
George Bush gave him a big one already. Mitt says he wants to continue the presidents tax policy plus repealing the inheritance (death) tax. He sure wants to help himself...Will Mitt Romney get a big tax break from loaning $17 million to his failing Presidential campaign?
No, just as they are not deductible for you or I.
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