In case you missed it, a Denver Post editorial yesterday refuted the absurd latest attack ad Walker Stapleton’s special-interest allies are airing against Jared Polis, writing that Polis’ behavior was indeed “completely appropriate.”
The editorial board notes that it feels comfortable refuting the false claims against Polis precisely because he released several years of tax returns — something that Stapleton has never done.
“Jared Polis is right; it is “completely appropriate” for someone who doesn’t have any net income not to pay federal income tax.
“But you wouldn’t know that based on the misleading ads that are being run by the Republican Governors Association.
“The television ad makes it sound like Polis has used clever accounting tricks, specifically off-shore accounts that shelter money from the IRS, to avoid paying federal income taxes.
“The Denver Post’s reporters have never found evidence of such behavior in Polis’ lengthy financial disclosures required by Congress or in the tax documents he voluntarily disclosed when he ran for Congress in 2008.
“The Denver Post’s Jon Murray reported that in the four years spanning 2001 to 2005, Polis reported “a net loss of income.” Murray noted that in other years “Polis paid more than $18.4 million in income taxes on more than $120 million in adjusted gross income.”
“We are certain that Polis, like all good businessmen, has taken full advantage of the deductions and exemptions in the tax code to help minimize his tax bill, but Polis’ campaign is insistent that he has not personally used an off-shore tax haven.
“It’s important to note that the reason we feel comfortable refuting these claims is that Polis took the laudable step in 2008, the year he was first elected to Congress, to make seven years of tax returns available for scrutiny.
“That type of transparency and openness is no longer the status quo.
“President Donald Trump has been sitting in the White House for almost two years now without disclosing his tax records. He is the first president not to do so in decades.”
Read the rest of the editorial here.