Gomez's tax deduction scam - MA Senate Race

[Mass]

Gomez looks a lot more like a Romney wannabee every day . The Boston Globe revels yesterday that he took a tax deduction of nearlu $300 K for doing something he was already obliged to do by law. Yes $300,000. So, invest


How do we know it is a big deal. Andy Hiller, generally more susceptible to go after Democrats for small issues (See Patrick's drapes), tell us it does not pass the smell test.

http://www1.whdh.com/news/articles/politics/massachusetts/10010583400581/the-hiller-instinct-gomez-s-house-tax-deduction/

Until today, Gabriel Gomez's house in Cohasset may have been his castle. But now, it could turn into his political prison.
It's not clear whether Gomez broke the law, but it's crystal clear Gomez got a giant tax break that doesn't pass the smell test.
This is Gomez's home in Cohasset, which he bought in 2004 for $2.1 million dollars.
In 2005, he got a $281,500 federal income tax deduction for agreeing not to make any changes on the exterior of his house, which is in an historic district.
The problem: Cohasset also prohibits changes on historic homes.

...
"I've been inside the rules for eveything I've done my whole life,” Gomez said.
“But the Internal Revenue Service does call this a tax scam,” Hiller said.
“I don't have any comment on that. You have to talk to the Internal Revenue Service on that."

...
Gomez: “I don't apologize for any success I've had. I'm proud of everything I've done, I'm proud that I've earned everything I've done."
Memo to Gabriel Gomez: this is not something to be proud of, if you're running for political office.
Why?
Because it makes you look like a rich person taking advantage of tax laws very few people know about.


Read more: http://www1.whdh.com/news/articles/politics/massachusetts/10010583400581/the-hiller-instinct-gomez-s-house-tax-deduction/#ixzz2StNd9gPK

Oh, and he also does not think he should release his tax returns for the year he took the deduction. Granted, it is many years ago, but given the deduction he took, should people not have the right to know?

http://www.boston.com/politicalintelligence/2013/05/09/gomezhouse/oqj7gO5HAnC46jF4tRtv2N/story.html

The Gomez campaign on Thursday again rejected the Democrats’ request to release the 2005 tax return, arguing that the candidate has been transparent with his taxes, having already released returns for six years beginning in 2006. The Globe first requested Gomez’s 2005 return on Wednesday

[MannyGoldstein]

1. (Cue mushroom cloud)

Put a fork in Gabe. He's done.