What you're saying here is demonstrating the problem I was speaking about earlier. You bought the narrative of the story but failed to investigate the facts. Romney is paying the same tax on that money that he would if it were invested in the USA. He hasn't done anything illegal. The cayman island *used* to be a tax haven, which is why there is this stigma. It isn't anymore. The banks fully cooperate with the IRS. Romney could have the money there simply to attact foreign investors. Do you think that no one is allowed to invest their money anywhere but in the United States?

Here is a statement his campaign released..he doesn't even control the fund that invested that money:

"The Romneys' investments in funds established in the Cayman Islands are taxed in the very same way they would be if the Romneys held their shares of the fund investments directly in the US rather than through a Cayman fund.

Nothing is changed from four years ago in relation to these funds. Governor and Mrs. Romney's assets are managed on a blind basis. They do not control the investment of these assets. The assets are under the control and overall management of an independent trustee.

Furthermore, only the sponsor of the fund decides where it is established. That responsibility is totally outside the control of a passive investor like Gov. Romney or the trustee of this blind trust.

Also, in regards to the Unrelated Business Income Tax: Governor Romney’s IRA is tax deferred, just like the IRA’s of every other American. Its investments are in compliance with rules created to keep it tax deferred, just like it was intended to be."

I wouldn't vote for Romney but the story itself is deliberately portrayed as if Romney has done something illeagl, which he hasn't. They're counting on people not to investigate the facts, which is why I came to state what they are.


>> ^volumptuous:
The guy is running for President of The United States and yet he is evading taxation on the wealth he has generated in our country. (leaving aside the fact that a lot of it came from other people's misery)
Yes, I have an enormous fucking problem with that as do most people in this country.
He's not just your average rich fucker, he's the guy who is running for POTUS. How can you NOT have a problem with him doing this shit? He obviously doesn't give enough of a fuck about the citizens to pay his fair share. He's bilking this country, and firing scores of people his entire life. Fuck this guy in the face.

This sift, and the story itself, made it seem like Romney had been caught with his pants down doing something terrible, but really there is nothing wrong with what he did. He has every right to put money in the caymans if he wants, just like he has a right to invest in France or Brazil. No, I wouldn't invest in a weapons manufacturer, but that is due to my principles. Is it immoral? Probably. Is it illegal? No. Everyone has the right to legally invest in what they want to, and if the government crossed that line and tried to control that, it wouldn't be very far away from being a totalitarian regime.

>> ^EMPIRE:
Would you invest in a weapons manufacturer? I wouldn't. Sure it's legal, but doesn't mean it's ok.

Not that I really care to defend Mitt Romney on anything, but he wasn't "caught" with money in the Caymans. Not only is it legal to invest money there, but he pays the same tax rate on that money as he does in the states. When the liberal media put out the story, they let you draw the inference, and you fell for it hook line and sinker. Yes, it gives certain tax advantages, like that isn't normal to invest your money in places that gives you those advantages. This is much ado about nothing. It's his 15 percent rate that he pays because most of his income is capital gains that is more eye opening.

The Caymans are people, my friend!

I went out and bought 40 acres that has a couple of caves on it. I did this because I love caves.

In the US when you own land, you generally own everything underneath it. Once in awhile the mineral rights are separate. Most mineral claims are associated with metal based deposits or coal. Most caves are in non-metal sedimentary deposits, so it is rare that there are mineral claims associated with caves. In some countries like Belize or Cayman Islands, all caves are owned by the government.

Countries in North America = 23:

Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, Canada, Cayman Islands, Clipperton Island, Costa Rica, Cuba, Dominica, Dominican Republic, El Salvador, Greenland, Grenada, Guadeloupe, Guatemala, Haiti, Honduras, Jamaica, Martinique, Mexico, Montserrat, Navassa Island, Netherlands Antilles, Nicaragua, Panama, Puerto Rico, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Trinidad and Tobago, Turks and Caicos Islands, United States, U.S. Virgin Islands


Leave Sarah Palin alone! She's my hero.

Deepest I've been is 129 ft at "Anchor Wall", Cayman Islands.

Crushbug, that's cause the pressure inside your sinuses become far less than the ambient pressure. To fix that, all you do is pinch your nose and gently exhale through it to direct the air into the sinuses. This equalizes pressure eliminating squeeze. You can try it now, but careful not to do it forcefully. You'll feel your ears gently "pop" when done right.

I definitely want to dive that pool. Clean water and unlimited viz is nice to have. Too bad there's nothing to play with though. When it comes to indoor diving, nothing beats going in an aquarium and waving at the people on the other side of the glass, posing for pictures =D

I agree with Rotty.
Jessica Alba is incredibly beautiful, but as are the locations! Also being a diver, I can't help but stare into the azure waters and lose myself =)

FYI: did you know Jessica Alba learned to dive at age 13 for the show "The New Adventures of Flipper"? Here favorite dive destination is the Cayman Islands where she also brushed up on her skills and got nitrox-certified before filming "Into the Blue".

Scuba + J.Alba = Win!

eh..

* Antigua dollar - Antigua
* Australian dollar - Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Norfolk Island, Kiribati, Nauru and Tuvalu
* Bahamian dollar - Bahamas
* Barbadian dollar - Barbados
* Belize dollar - Belize
* Bermudian dollar - Bermuda
* British Columbia dollar - British Columbia
* British North Borneo dollar - British North Borneo
* British West Indies dollar - British West Indies
* Brunei dollar - Brunei
* Canadian dollar - Canada
* Cayman Islands dollar - Cayman Islands
* Continental dollar - Colonial America
* Cook Islands dollar - Cook Islands
* Dominican dollar - Dominica
* East Caribbean dollar - Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines
* Fijian dollar - Fiji
* Grenadan dollar - Grenada
* Guyanese dollar - Guyana
* Hawaiian dollar - Hawaii
* Hong Kong dollar - Hong Kong
* International dollar - hypothetical currency pegged 1:1 to the United States dollar
* Jamaican dollar - Jamaica
* Kiautschou dollar - Qingdao
* Kiribatian dollar - Kiribati
* Liberian dollar - Liberia
* Malaya and British Borneo dollar - Malaya, Singapore, Sarawak, British North Borneo and Brunei
* Malayan dollar - Brunei, Malaysia and Singapore
* Mauritian dollar - Mauritius
* Mongolian dollar - Mongolia
* Namibian dollar - Namibia
* Nevisian dollar - Nevis
* New Brunswick dollar - New Brunswick
* New Zealand dollar - New Zealand, Cook Islands, Niue, Tokelau, Pitcairn Islands.
* Newfoundland dollar - Newfoundland
* Nova Scotian dollar - Nova Scotia
* Prince Edward Island dollar - Prince Edward Island
* Penang dollar - Penang
* Puerto Rican dollar - Puerto Rico
* Rhodesian dollar - Rhodesia
* Saint Kitts dollar - Saint Kitts
* Saint Lucia dollar - Saint Lucia
* Saint Vincent dollar - Saint Vincent
* Sarawak dollar - Sarawak
* Sierra Leonean dollar - Sierra Leone
* Singapore dollar - Singapore
* Solomon Islands dollar - Solomon Islands
* Straits dollar - Brunei, Malaysia and Singapore
* Sumatran dollar - Sumatra
* Surinamese dollar - Suriname
* Old Taiwan dollar - Taiwan
* New Taiwan dollar - Taiwan
* Texan dollar - Republic of Texas
* Tobagan dollar - Tobago
* Trinidadian dollar - Trinidad
* Trinidad and Tobago dollar - Trinidad and Tobago
* Tuvaluan dollar - Tuvalu (not an independent currency, equivalent to Australian dollar)
* United States dollar - United States of America
* Zimbabwean dollar - Zimbabwe

Related to his movie, entitled "AMERICA: Freedom To Fascism." (I'm guessing it's a promo interview)
http://en.wikipedia.org/wiki/America:_From_Freedom_to_Fascism

Background on who he is:

http://en.wikipedia.org/wiki/Aaron_Russo

Curious why he hasn't just moved to the Cayman Islands by now?

Amusing to watch someone essentially equate the core principles of economics with black magic.

Wikipedia article on tax protestors: http://en.wikipedia.org/wiki/Tax_protester
NYT article on tax facts: http://www.nytimes.com/2006/07/31/movies/31russ.html?_r=2&pagewanted=1&oref=slogin