Quote:
Originally Posted by Relentless
It's hidden from taxation Ronald. He didn't put money in foreign accounts to get better access to European ATM machines. We have no idea what is or isn't on his tax returns, because he chose not to release them... even though his father's political legacy is built on the idea that he made releasing his tax returns a staple of his own campaigns. Any idea why he didn't release his tax returns? It couldn't be that he is 'hiding' anything, could it?  |
I don't think he's "hiding" anything at all.
But the social liberals in this country are completely hung up on what the percentage of Capital Gains tax is (you know, the tax rate that is also used for RETIRED people's 401K and other investments...money that was already earned long ago and taxed at that time as well).
If he were to release it, it would just cause another stupid barrage babbling about percentages.
Romney wants and needs to focus on the big issue of the economy. Not his personal money.
As for "foreign accounts" and taking every tax loophole availabe...so does EVERYBODY. You take every deduction and money saving legal way to not give away your money on your taxes. So do I. So does everyone.
No, you and I may not have enough money to put it in foreign accounts. But if you did...you would.
And is that Romney's "fault"? No.
It's the stupidity and greed of the federal govt.
When you set tax rates too high...people move their money to countries smart enough to know how to draw money to them.
That has ALWAYS been the case. If you're really worried about whether all multi-millionaires put their money in the local Bank Of America OR overseas...then the federal govt. needs to stop penalizing people for saving and investing in this country.
Why aren't any of you up in arms over the Federal govt. spending 7 MILLION DOLLARS PER MINUTE. And borrowing 3.5 BILLION dollars per day???
No, let's don't worry about that.
The feds BORROW more money in a day than Romney has made in 20 years. But let's don't worry about that. Let's just keep getting distracted from the real problems in this country. Wars, debt, jobs....these are the things that should be discussed.
But Democrats want no part of that discussion it seems.
Did liberals come after Kennedy when he was President? He and his family had money all over the world to avoid taxes. Did they go after their beloved Roosevelt?
NOPE.