Red1966
Well-Known Member
Your arguments are frequently dependent on nothing but conjecture. Why do you assume all his money is in an IRA or 401k?
How Many Would Like To See Mitt Romney's Tax Returns?
- Thread starter Krayven Sumhead
- Start date
Your arguments are frequently dependent on nothing but conjecture. Why do you assume all his money is in an IRA or 401k?
Red1966
Well-Known Member
You keep insisting that all his retirement funds are in a tax deferred account. There is no reason to assume that.
UncleBuck
Well-Known Member
where did he assume that?
he stated that he had up to $100 million in an IRA. that's just a plain fact. you argue dishonestly, stromfronter.
http://www.huffingtonpost.com/2012/07/17/romney-ira_n_1681179.html
cannabineer
Ursus marijanus
I would say the reason to assume it is decency: to give him the benefit of the doubt in re tax honesty. If they are not tax-deferred or tax-exempt funds, offshoring them would constitute fraud. No? cn
Red1966
Well-Known Member
No. Why would you think that was illegal? You seem to think if someone is wealthy, they must be crooked. That's illogical.
PetFlora
Well-Known Member
If all the billionaires paid their 'fair' share, our government would just piss it away on the military/industrial complex anyway. Anybody ever hear of the NWO? That's where they are heading. Bush Sr made it known in a speach decades ago
And if our business tax system was competitive with the rest of the world, big business would be less inclined to hide their money
Reduce the military budget by 10% and there is more than enough to balance the budget
What the average person fails to realize is our govt doesn't give a shit about us. For them, politics is a power and money grab- money provided by lobbyists who represent big business. Those who go to washington to make a difference soon learn this is the sad sad truth
And if our business tax system was competitive with the rest of the world, big business would be less inclined to hide their money
Reduce the military budget by 10% and there is more than enough to balance the budget
What the average person fails to realize is our govt doesn't give a shit about us. For them, politics is a power and money grab- money provided by lobbyists who represent big business. Those who go to washington to make a difference soon learn this is the sad sad truth
Red1966
Well-Known Member
I don't see cutting 10% of the military budget would come any where near enough to balance the budget. The "debt clock" you see displayed all the time doesn't include Medicare or Social Security obligations. Medicare alone is short like $37 TRILLION. Everything else you said is pretty much spot on.
ChesusRice
Well-Known Member
I want to see Romneys tax returns and so does his church which makes it mandatory he tithe 10% of his gross
Is he cheating the IRS as well as the LDS church?
Is he cheating the IRS as well as the LDS church?
cannabineer
Ursus marijanus
No. I am not equating wealth with crookedness ... only the legally "gray" sheltering of that wealth from taxation. My gripe is with offshoring as a deliberate tax dodge. If the funds or their cap.gains were genuinely not to be taxed, why offshore them otherwise? What's the loss of benefit leaving them in a domestic account/instrument? cn
Red1966
Well-Known Member
You're still assuming the money is in a tax deferred account. Also, the money may have been acquired from "offshore" business interests, he might wait until tax laws change for importing the money, or he may just spend it off shore, avoiding the tax entirely. The loss off benefit is a 35% (or more) tax.
cannabineer
Ursus marijanus
My thumbnail analysis also works if the money is in a non-tax-deferred account. cn
cannabineer
Ursus marijanus
I consider it more likely that Mr. Bain Capital will bring the money back in, but laundered. I don't trust him to do the right thing. cn
UncleBuck
Well-Known Member
Red1966
Well-Known Member
Why not? A man that gave away $20 million is probably not that concerned with taxes. You don't understand what money laundering is. You launder money to hide it's source, you still pay tax on it. Laundering the money is expensive. Perhaps you mean some tax advantaged method? If it's legal, so what?
cannabineer
Ursus marijanus
If it's legal with full disclosure, then I accept your "so what?". cn
No, but I do have it from a reliable source that Barack Obama got accepted into Occidental on a foreign scholarship and had mediocre grades at best. I'd like to see how he got into Harvard with those grades.
UncleBuck
Well-Known Member
nigga magic?
I must really get under your skin if you go through this much trouble to copy what I do!
Dude, you are seriously a little unstable. LMAO
UncleBuck
Well-Known Member
it took me all of 30 seconds to whip up my new avatar. don't flatter yourself.
Similar threads
