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Is it patriotic for Romney to stash his cash away in the Cayman Islands to avoid U.S. taxes?

Mopeder 2012/10/03 16:41:04
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Mitt Romney has million of dollars invested in offshore tax havens. He says having his money overseas doesn't mean he's avoiding U.S. taxes.
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  • twocrows 2012/10/03 18:16:45
    No
    twocrows
    +7
    he CLAIMS that he has paid just as much in taxes as if the money had been invested here. but if that's the case, why ship it overseas in the first place? his statement fails the smell test.

    he CLAIMED that he had paid taxes in Massachusetts the year before he ran for governor there. the lie was exposed and he was allowed to pay his taxes retroactively. then, after having been lied to, the people voted him into office. go figure.
    across the board now, though, the people of Massachusetts are saying they WILL NOT vote for him again.
    'fool me once, shame on you. fool me twice, shame on me' applies.

    and so, yes, he CLAIMS he isn't paying less in taxes as a result of his funds being invested in the Caymans and in Switzerland. Which begs 2 questions:

    1] why not invest the money here, then, where it might do this country some good? if the tax burden is the same, why move your money offshore?

    and 2] why won't you show us your tax returns and back up your words? after all, we saw how good your word was in Massachusetts when you claimed your taxes were squeaky clean. they weren't.

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  • Mopheadmusic2000 2012/10/08 01:51:44
    None of the above
    Mopheadmusic2000
    Is it patriotic to tax a person beyond what is reasonable? We fought the Revolutionary War over less taxes. Is it patriotic for the Government to punish success by extracting monies of those who work hard? "THE MORE YOU MAKE, THE MORE THEY TAKE' ever say that? Is it patriotic to reward those who will not work--NOT those who cannot work but those who will not--who wait for a hand-out? When this land was first being settled, and up until recent-modern time, a person who waited for a hand-out would starve. We punish those who work. We reward those who WILL NOT. Is THAT patriotic?
  • twocrows Mophead... 2012/10/10 22:46:02
    twocrows
    ummmmmm - no. you left out an important part: we fought the revolutionary war over 'taxation WITHOUT REPRESENTATION.' there's a fairly large difference between 'lower taxes' and 'you can tax me IF I get a say in the government.'

    and, today, there's the voter suppression attempts in 19 states. who are the ones trying to arrange to tax us while not allowing us a say? oh, yeah, the Republicans. they're claiming they want to reduce 'voter fraud'. in-person voting fraud is virtually non-existent but they're going after it anyway.

    ELECTION FRAUD, otoh, does exist. who was it who was busted recently while engaged in election fraud? oh - that's right - the Republicans. right here in Florida, it was. how bout that? remember Florida in 2000? we could be headed there again.
    btw - we were a world-wide laughing stock in 2000.

    just sayin.
  • Leonidas 2012/10/05 13:06:53
    No
    Leonidas
    +1
    Cayman accounts should be used only for those who WANT to be Cayman Islands CITIZENS!!!
  • Son of thunder 2012/10/04 23:46:32
  • ghostrider 2012/10/04 16:49:58
    No
    ghostrider
    +1
    "Patriotic"? - no .... a smart financial decision? - yes
  • cybernestical 2012/10/04 05:41:32
    No
    cybernestical
    +1
    Mitt patriotism is a joke.
  • Jasmine 2012/10/04 01:47:18
    No
    Jasmine
    +1
    Apparently legal, but definitely not patriotic.

    romney offshore investments and bank accounts
  • Tarheel 2012/10/04 00:43:00
    No
    Tarheel
    +1
    If he's not avoiding paying taxes, why does he put it there?
  • DutchHeretic Native non-Ame... 2012/10/04 00:25:21
  • pizzaman7 2012/10/03 23:01:06 (edited)
    None of the above
    pizzaman7
    +1
    We all remember Barry saying that it was unpatriotic for George Bush to increase the national debt $4 trillion in 8 years......so what does he have to say now that he increased our debts to our children to the tune of $6 TRILLION in only FOUR YEARS ????? Who is to blame for that ??? No budget in over three years....a first in US History.



    Most of us use tax breaks. It is smart to not pay taxes and legal. I don't agree with what Government spends my hard earned money on. Government is slow, inefficient, and wasteful. They don't deserve our money. Quite Frankly, we could see real savings downscaling the size of government. The Feds have exceeded their constitutional bounds by a long shot.
  • Lady Whitewolf 2012/10/03 22:45:59
    No
    Lady Whitewolf
    +3
    And people actually want this jerk in the white house?
  • Tarheel Lady Wh... 2012/10/04 00:43:40
    Tarheel
    +2
    Evidently.
  • Marvelo... Lady Wh... 2012/10/07 15:09:01
    Marvelous Wildfire
    He's much better than what's in there now.
  • Lady Wh... Marvelo... 2012/10/08 00:19:12
    Lady Whitewolf
    Yeah, IF you happen to be one of the wealthiest!
  • Marvelo... Lady Wh... 2012/10/08 01:13:48
    Marvelous Wildfire
    Or "IF you happen to" *WORK* for the wealthiest, or "IF you happen to" *WORK* in one of the businesses *CREATED* by the efforts of the wealthiest.

    Now if you're a deadbeat, that wants to live off the efforts of others, a deadbeat that hasn't got any personal ambition: Obama is tops!
  • Joe 2012/10/03 20:41:23
    No
    Joe
    +3
    Of course, not. There is a big difference between "legal" and "ethical." Of course, Republicans tend not to get that.
  • Marvelous Wildfire 2012/10/03 20:38:29
    Other opinion
    Marvelous Wildfire
    +2
    It is *LEGAL*?
    So, *YES* it's as patriotic as anything Obama has ever done in his entire life.
  • concerned 2012/10/03 20:35:04
    No
    concerned
    +3
    If Romney cheated in his taxes ... He will truly cheat the middle class ...
  • fudge35 2012/10/03 20:06:08
    No
    fudge35
    +3
    The privilege think it is patriotic, but I'm sure Robenme thinks the rest of us are unpatriotic if we try and skip paying taxes on our savings!!!
  • Phil_will1 2012/10/03 19:46:41 (edited)
    None of the above
    Phil_will1
    +2
    Whether or not it is "patriotic" isn't even a legitimate question. In addition, minimizing taxes (as opposed to evading taxes) is perfectly legitimate and legal. It is plain stupid to keep cash in the form of US dollars, which have been declining in value for the past few years and are expected to continue to do so under Bernanke's huge expansion of the money supply. For those who may not be aware, the United States is one of the few countries in the world where depositors are not allowed the option of maintaining deposits in any currency they choose (or at least given several options from which to choose).

    What rational and sensible person would maintain their assets in a form that is virtually guaranteed to depreciate? Romney is supposed to do this because of "patriotism"?

    Is it "patriotic" for congress to pass laws which chase capital and jobs from this country and drive up the unemployment rate while lowering the rate of economic growth? Not in my opinion. Guess who gets hurt when the economy slows down? Not the wealthy to any great extent; it is primarily the poor who take it on the chin. You know, the ones the liberals claim to be standing up for when they promote policies which have a negative impact on economic growth?

    BTW, I am no fan of Romney and do not plan t...
    Whether or not it is "patriotic" isn't even a legitimate question. In addition, minimizing taxes (as opposed to evading taxes) is perfectly legitimate and legal. It is plain stupid to keep cash in the form of US dollars, which have been declining in value for the past few years and are expected to continue to do so under Bernanke's huge expansion of the money supply. For those who may not be aware, the United States is one of the few countries in the world where depositors are not allowed the option of maintaining deposits in any currency they choose (or at least given several options from which to choose).

    What rational and sensible person would maintain their assets in a form that is virtually guaranteed to depreciate? Romney is supposed to do this because of "patriotism"?

    Is it "patriotic" for congress to pass laws which chase capital and jobs from this country and drive up the unemployment rate while lowering the rate of economic growth? Not in my opinion. Guess who gets hurt when the economy slows down? Not the wealthy to any great extent; it is primarily the poor who take it on the chin. You know, the ones the liberals claim to be standing up for when they promote policies which have a negative impact on economic growth?

    BTW, I am no fan of Romney and do not plan to vote for him. There are legitimate reasons not to support him for POTUS, but this isn't one of them. It's just another verse of the class-warfare song that has become, unfortunately, the standard refrain from the left.
    (more)
  • Cookielane 2012/10/03 19:41:01
  • Aksana 2012/10/03 19:33:58
    Yes
    Aksana
    yes
  • RobHom 2012/10/03 19:29:43
    No
    RobHom
    +2
    If the money is made from foreign investments....then he is hiding it elsewhere and not paying taxes on it.
  • CHUCK - Liberal in Seattle 2012/10/03 19:24:26
    Other opinion
    CHUCK - Liberal in Seattle
    +1
    Why not, after all 47% of the country don't pay any taxes. That's the way he thinks!
  • gmiing 2012/10/03 19:00:44
    Other opinion
    gmiing
    +2
    It's not a matter of if it's patriotic - it's more a case of if the man has a good accountant, which I can assume he does - and isn't it smart to use the tax laws on the books? !!
    I would think he wasn't very intelligent if he didn't take some pains to protect his wealth. Any person with money - even if they don't have as much as he does - would be silly not to try and protect their funds.
  • Rustie gmiing 2012/10/03 22:21:47
    Rustie
    How many elected officials and government employees owe back taxes?
    How is refusing to pay the entity, which creates your paycheck, "patriotic"?
  • That Guy 2012/10/03 18:34:37
    Yes
    That Guy
    +6
    He's Showing his patriotism to the United Kingdom and the caymans, not to the U.S.
  • BK 2012/10/03 18:25:21
    No
    BK
    +6
    Not as a candidate for official office of this country.
  • twocrows 2012/10/03 18:16:45
    No
    twocrows
    +7
    he CLAIMS that he has paid just as much in taxes as if the money had been invested here. but if that's the case, why ship it overseas in the first place? his statement fails the smell test.

    he CLAIMED that he had paid taxes in Massachusetts the year before he ran for governor there. the lie was exposed and he was allowed to pay his taxes retroactively. then, after having been lied to, the people voted him into office. go figure.
    across the board now, though, the people of Massachusetts are saying they WILL NOT vote for him again.
    'fool me once, shame on you. fool me twice, shame on me' applies.

    and so, yes, he CLAIMS he isn't paying less in taxes as a result of his funds being invested in the Caymans and in Switzerland. Which begs 2 questions:

    1] why not invest the money here, then, where it might do this country some good? if the tax burden is the same, why move your money offshore?

    and 2] why won't you show us your tax returns and back up your words? after all, we saw how good your word was in Massachusetts when you claimed your taxes were squeaky clean. they weren't.
  • Marvelo... twocrows 2012/10/03 20:46:28
    Marvelous Wildfire
    +1
    Good question!
    *WHY SHOULD* he risk his money where 47% pay no taxes, while demanding that those who *CREATE JOBS* and pay millions in taxes should "pay their fair share"?
  • twocrows Marvelo... 2012/10/04 00:29:31
    twocrows
    +4
    if you believe he actually paid the same amount in taxes while using secret accounts in the Caymans and in Switzerland, just keep chugging.

    and what happened in Massachusetts is a matter of public record. he WAS asked if he had paid his Massachusetts taxes. he DID claim that he had. he actually had not. those are facts.
    what I do not understand is why he was allowed to retroactively obey the law after having evaded the laws required in order to run for office in the state.

    and you bought the 47% boogieman, I see. great, go tell your 89 year old grandmother who worked all her life and is now nearing the end of it that she needs to get a job.

    and tell our troops who do not make enough to place them in the lowest tax bracket [Reagan raised the bracket that allowed them not to pay taxes, btw] that they need to get a second job. of course, it's one hell of a commute from Afghanistan to Burger King but, so what? those sloths need to get off their backsides!
  • Marvelo... twocrows 2012/10/04 05:26:41
    Marvelous Wildfire
    Blah, blah, blah . . .
    Do you remember the head of the IRS that Obama appointed that was a tax evader?
    As for Romney's taxes: I feel that's more of a matter for the IRS, than some mindless ObamaZombie on SodaHead.
  • Scrappyang Marvelo... 2012/10/06 17:33:21
    Scrappyang
    +1
    You imply that D's are zombies and only listen to the party and don't think for themseves. I don't believe that to be true. I think they are far more open minded than the R's. Because of that i did a poll on here about voting a straight ticket. The only ones to do so were R's. Now you tell me who doesn't think but only follow their party!!
  • Marvelo... Scrappyang 2012/10/07 00:51:54 (edited)
    Marvelous Wildfire
    So what bills did Obama write, as a State Senator, that you particularly like?
    What bills did Obama write and push into *LAWS*, as a State Senator, that you particularly like?

    Fast forward: So what bills did Obama write, as a *FEDERAL* Senator, that you particularly like?
    What bills did Obama write and push into *LAWS*, as a *FEDERAL* Senator, that you particularly like?

    What well-reasoned thing was the reason for *YOUR* support of Obama?
  • Scrappyang Marvelo... 2012/10/07 01:55:21
    Scrappyang
    +1
    Well, let's put it this way, I didn't vote for him last election and I have no idea who I'll vote for this one. Now you tell me what that has to do with only R's have said they always a straight party ticket and who the zombies are that only follow a party line?
  • Marvelo... Scrappyang 2012/10/07 12:59:23
    Marvelous Wildfire
    And exactly what proof do you have, that they answered your poll honestly?
    Did you see their voting records, to know they were *REALLY* Republicans answering you poll?

    No wonder Obama's lies convinced so many Democrats.
  • Scrappyang Marvelo... 2012/10/07 18:28:47
    Scrappyang
    +1
    No, I haven't seen their voting records. Again, I did NOT vote for Obama last time. I happen to really like John McCain and he had my total support. I have a D behind my name because in order to vote in primaries - which I do - you have to be register D or R. Last election I voted 2R's 2D's and 1Ind. I don't know how much more split I could get! I try to vote for an individual and their record rather than for any party.
    I DO know that most of my R friends tell me they refuse to vote for a D no matter who it is and they never will. The problem with this election is I believe they both lieand neither one tell the truth of issues they support. I can only try to figure out who lies least and MAY support issues i care about. It isn't going to be easy - at least for me. I DO know I won't vote for Ron Paul. He opposes too much of what i believe.
  • twocrows Marvelo... 2012/10/09 03:35:57
    twocrows
    +1
    and you did not answer or rebut one point I made.
    one must only deduce that you cannot.
  • Marvelo... twocrows 2012/10/09 05:10:34
    Marvelous Wildfire
    And what point did you make, that the IRS has acted upon?

    You must not have a very valid point.
  • twocrows Marvelo... 2012/10/10 22:37:19
    twocrows
    hmmmmmm - - the matter of the public record in Massachusetts escaped your notice? or did you simply choose to ignore it?

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