Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
What is up with that?
Come on, most Regular Americans have those.
They are one of the few banks that still give out toasters with checking accounts.
Not bad!
Of course. But if it were a Dem, it would have been damning evidence. I offer you those on the left that have been smacked around because the tax code is inscrutable.Also from your link:
This is nothing but speculation.
Half of congress owe back taxes. I don't make an issue of that.... I'm far more concerned about insider trading... but I do think our congress critters should pay their taxes on time.
Thing is... having as many accounts and holdings and shit as Romney does - and it is the same for any wealthy individual... the form filling, filings, etc are incredibly complex. If there is actual evidence of wrong doing, great... I'll hang him... and do it happily. But so far, all there is is speculation... even the article itself says it's a big 'if'.
The IRS tends to scrutinize these people far more closely.... and I'm of the opinion that, if there was something illegal, they'd have been all over it before now. It's actually quite hard to successfully hide vast sums of money these days.
It only matters if he was evading taxes.
Otherwise, it doesn't matter.
It is my understanding that Romney put a lot of money (I've read over $200 million) in his retirement accounts.
By doing that his money can migrate to places like the Cayman's where it can invested in foreign concerns.
As such, the tax consequences on money made in those foreign investments is taxed (when that money is finally subject to taxes, right now it isn't taxable at all!) at a much lower rate than it would be if the retirement account was in the States.
This is perfectly legal way that the rich get to avoid paying taxes that the average American taxpayer must pay.
Now, I know that for a lot of you what's legal is also what's ethical.
But is it patriotic?
Or is such a concept completely alien to you?
Joe, the tools on this board certainly seem to be that way.
They are basically internationalists pretending to be patriots.
That or they are just damned fools.
Of course. But if it were a Dem, it would have been damning evidence. I offer you those on the left that have been smacked around because the tax code is inscrutable.
Half of congress owe back taxes. I don't make an issue of that.... I'm far more concerned about insider trading... but I do think our congress critters should pay their taxes on time.
Thing is... having as many accounts and holdings and shit as Romney does - and it is the same for any wealthy individual... the form filling, filings, etc are incredibly complex. If there is actual evidence of wrong doing, great... I'll hang him... and do it happily. But so far, all there is is speculation... even the article itself says it's a big 'if'.
The IRS tends to scrutinize these people far more closely.... and I'm of the opinion that, if there was something illegal, they'd have been all over it before now. It's actually quite hard to successfully hide vast sums of money these days.
FFS, I didn't know what an FBAR was until a few years ago.
The IRS tax system is byzantine.
well he really doesnt want his finaces examined they the American public
You sound like the GOP front runner.....
Because it tends to make silly people like you and your fellow travelers whine like a bunch of sniveling babies.
Has Romney broke any laws?
Stop hating on him because he earned his money
well he really doesnt want his finaces examined they the American public
You sound like the GOP front runner.....
Because it tends to make silly people like you and your fellow travelers whine like a bunch of sniveling babies.
Has Romney broke any laws?
Stop hating on him because he earned his money
How did he "earn" his money? He didn't work for it.
And people have Swiss bank accounts to hide income. Of late we've been sending rich people to washington. Well guess what..these are the results. They don't write laws that prohibit this sort of nonsense...and give themselves really mini-tax rates on money they accrue by doing essentially nothing...but extracting wealth from the economy.
This is why it is a fundamentally BAD IDEA to concentrate wealth into the hands of a few. Because with wealth comes power. And with that power they put policy in place to keep themselves wealthy and powerful..
You sound like the GOP front runner.....
Because it tends to make silly people like you and your fellow travelers whine like a bunch of sniveling babies.
Has Romney broke any laws?
Stop hating on him because he earned his money
How did he "earn" his money? He didn't work for it.
And people have Swiss bank accounts to hide income. Of late we've been sending rich people to washington. Well guess what..these are the results. They don't write laws that prohibit this sort of nonsense...and give themselves really mini-tax rates on money they accrue by doing essentially nothing...but extracting wealth from the economy.
This is why it is a fundamentally BAD IDEA to concentrate wealth into the hands of a few. Because with wealth comes power. And with that power they put policy in place to keep themselves wealthy and powerful..
Yes he did.
And, no they don't. That swiss account was in a blind trust. I suggest you research what that means.
Off shore accounts are just a way to make your money work more efficiently. Many people - particularly those with international investments - have off shore accounts. That money often comes from investments outside the US. Until it comes into the US, it is not taxable.
well he really doesnt want his finaces examined they the American public
You sound like the GOP front runner.....
Because it tends to make silly people like you and your fellow travelers whine like a bunch of sniveling babies.
Has Romney broke any laws?
Stop hating on him because he earned his money
How did he "earn" his money? He didn't work for it.
.
You sound like the GOP front runner.....
Because it tends to make silly people like you and your fellow travelers whine like a bunch of sniveling babies.
Has Romney broke any laws?
Stop hating on him because he earned his money
How did he "earn" his money? He didn't work for it.
And people have Swiss bank accounts to hide income. Of late we've been sending rich people to washington. Well guess what..these are the results. They don't write laws that prohibit this sort of nonsense...and give themselves really mini-tax rates on money they accrue by doing essentially nothing...but extracting wealth from the economy.
This is why it is a fundamentally BAD IDEA to concentrate wealth into the hands of a few. Because with wealth comes power. And with that power they put policy in place to keep themselves wealthy and powerful..
Yes he did.
And, no they don't. That swiss account was in a blind trust. I suggest you research what that means.
Off shore accounts are just a way to make your money work more efficiently. Many people - particularly those with international investments - have off shore accounts. That money often comes from investments outside the US. Until it comes into the US, it is not taxable.
so if Romney is making his millions in "blind trusts", what's his supposed economic expertise again?
Sounds like other people are making money for him.
Is he going to phone in his presidency as well?
so was it blind or not folks?
provide some facts.
Associated press said:WASHINGTON (AP) — Advisers to Republican presidential candidate Mitt Romney are acknowledging that he once had a Swiss bank account but that it was closed in 2010 as prepared to enter the race for the White House.
The Swiss account is listed on Romney's newly released 2010 federal income tax return. It had been opened by a Boston lawyer who oversees the Romney family investments and a blind trust containing millions of dollars in assets.
How did he "earn" his money? He didn't work for it.
And people have Swiss bank accounts to hide income. Of late we've been sending rich people to washington. Well guess what..these are the results. They don't write laws that prohibit this sort of nonsense...and give themselves really mini-tax rates on money they accrue by doing essentially nothing...but extracting wealth from the economy.
This is why it is a fundamentally BAD IDEA to concentrate wealth into the hands of a few. Because with wealth comes power. And with that power they put policy in place to keep themselves wealthy and powerful..
Yes he did.
And, no they don't. That swiss account was in a blind trust. I suggest you research what that means.
Off shore accounts are just a way to make your money work more efficiently. Many people - particularly those with international investments - have off shore accounts. That money often comes from investments outside the US. Until it comes into the US, it is not taxable.
The Swiss account wasn't in a blind trust.