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oritteropo (Member Profile)

lurgee says...
oritteropo said:

It's a nice looking car

I just looked up the price on a 911 Carrera Coupe, and it's $A238,090... and even though the Cayman is cheaper, I don't anticipate ever being able to own one. Worse still, even if I did manage to scrape up the dineros, I'd never be able to drive it like that.

https://my.porsche.com/australia/drive-away-price-calculator/

p.s. Video keeps getting better as it goes along... post it!!!

lurgee (Member Profile)

oritteropo says...

It's a nice looking car

I just looked up the price on a 911 Carrera Coupe, and it's $A238,090... and even though the Cayman is cheaper, I don't anticipate ever being able to own one. Worse still, even if I did manage to scrape up the dineros, I'd never be able to drive it like that.

https://my.porsche.com/australia/drive-away-price-calculator/

p.s. Video keeps getting better as it goes along... post it!!!

The Panama Papers, explained with piggy banks

oritteropo says...

Straight after submitting my earlier comment, I came across an article on the BBC site that covers this - http://www.bbc.com/news/world-us-canada-35966612

The author of that article shares my suspicions about Delaware LLCs (and drags out a quote that "Somalia has slightly higher standards than Wyoming and Nevada."), and also says that those who wanted to avoid taxes preferred other places, like Bermuda, the Cayman Islands or Singapore, and not Panama. FATCA has also made things harder.

newtboy said:

Maybe, but I doubt it. Time will tell. I expect to see American's names soon enough.
I don't think LLC's are good places to hide assets, only to hide personally from liability or debts incurred by the company. Maybe that's wrong, I'm no corporate lawyer, but that was my understanding.

Porsche Cayman S driver fail

Porsche Cayman S driver fail

Ben Stein Stuns Fox & Friends By Disagreeing With Party Line

MonkeySpank says...

I also, when you don't tax them enough and allow loopholes, they just park their money in The Caymans & Switzerland; trickle-down my ass!

>> ^manadren:

The fact is that Reagan sold them all on this idea of supply side economics. That if you lower taxes on the rich, they will invest that money in business, which in turn creates jobs. There is a certain logic to this, but the truth off the matter is that supply don't mean shit if you don't have demand. No business is going to hire more widget makers if no one is buying widgets. Demand comes from the bottom. People with less money spend a larger proportion of it.

Obama On The Tax Plan

MonkeySpank says...

As much as I would like to agree with you that the government doesn't feel sorry for spending tax money; we have been led to believe that tax breaks and loopholes for the rich specifically, did not and will create more jobs. After 11 years of practice, this proved to be a fruitless that only benefited the upper echelon. You want an example? Take Romney's money in Switzerland and The Cayman Island for example. I am sure he has the right to do with his money whatever he wants, but a show of good faith would be to invest that money back into the economy (tickle-down) instead of parking it overseas. That, I have a HUGE problem with.

I would be taxed more under a re-elected Obama, and I don't mind that because of the greater good. Today, he is the lesser of two evils. I would vote for Romney if he actually believed what he said, but his actions and his words don't go together - see previous paragraph.

It would be dishonest for anyone to think that lowering taxes alone, or cutting the deficit alone would stop the hemorrhaging.

>> ^quantumushroom:

When tax rates are lowered, government revenue increases.
When tax rates are raised, the wealthy scapegoats remove monies from the system, either by parking them in things like tax-exempt bonds or investing in countries with lower tax rates.
However Obama tries to explain away what we on the right have known and have empirical evidence to back it up, his results have been negative. Such failure should not be rewarded by punishing the rest of us with 4 more years of this rubbish!

What if the government was your worst enemy

MonkeySpank says...

Romney could definitely spend some of that hard-earned money of his that's parked in The Cayman Islands to create some jobs over here. Him stowing away millions overseas instead of investing it at home, yes, I have a BIG problem with that!

>> ^quantumushroom:

Any evidence for any of this will be welcomed.

Idle corporate cash piles up
IRS data suggests that, globally, U.S. nonfinancial companies hold at least three times more cash and other liquid assets than the Federal Reserve reports, idle money that could be creating jobs, funding dividends or even paying a stiff federal penalty tax for hoarding corporate cash.
The Fed’s latest Flow of Funds report showed that U.S. nonfinancial companies held $1.7 trillion in liquid assets at the end of March. But newly released IRS figures show that in 2009 these companies held $4.8 trillion in liquid assets, which equals $5.1 trillion in today’s dollars, triple the Fed figure.
---------------------
“I’m afraid of the president,” said Wynn. “I have no idea what goofy idea, what crazy, anti-business program this administration will come up. I have no idea. And I have to tell you, Jon, that every business guy I know in the country is frightened of Barack Obama and the way he thinks.”
--Steven Wynn, CEO of Wynn Resorts

Romney: Is it patriotic to stash your money in the Caymans

Romney: Is it patriotic to stash your money in the Caymans

dystopianfuturetoday says...

I boo your booing of deathcow's booing of Romney supporters' booing of a legitimate question. >> ^ghark:

>> ^deathcow:
This guy is SO full of crap. OMG he reeks... how can people boo that question? Do these people appreciate what bankers and politicians like him have done to the USA? OMG this is painful to watch and so painful to hear people cheer on this actor.

It's painful watching you type truthy stuff, so I'm going to boo you over the internet.

Leaked Video of Romney at Fundraiser -- You're all moochers!

VoodooV says...

>> ^alcom:

I don't consider people living on < $20,000/y "entitled" or "moochers." I think Mitt needs to look in the mirror and see how his privileged life is simply unattainable by people in these circumstances. They're just getting by. By taxing the most vulnerable segment of society, he is inviting increased crime and fraud in the future. All
If he was serious about paying his "fair share" he'd disclose all those years of tax returns. And his Swiss and Cayman Island bank accounts while he's at it. He's probably avoided much more total tax revenue personally than the Reps stand to get out of that 47%.


You'll never get that kind of perspective out of Mitt. He's one of those people who believes he is one of the chosen few. He seems to honestly believe he was chosen by god. He seems to honestly believe that we all live in a vacuum and he got to where he is on his own merits alone and he had zero assistance.

These things are provably wrong. you can demonstrate that he's just like everyone else, you can demonstrate that he had help from his parents, you can demonstrate that he lives in a nation that has the government-created environment to allow people to succeed.

Mitt lost this election before he even won the primary. Even most republicans know this. They spent 4 years trying to obstruct Obama and hinder American growth just to make him a one term president and they're going to fail. So two things:

1. Obama better be awesome to his Secret Service people because I'm predicting an assassination attempt during the 2nd term.

2. What's going to be interesting to see is the 2016 election. If the rational republicans cannot reclaim their party back from the religious nutbags and the teabaggers and lose the 2016 election as well, then I'm going to say Republicans as a serious party are done. They're going to be relegated to the fringe. I still think a 2nd Civil War in our lifetimes is a serious possibility. And if Republicans are unable to persuade people with words anymore, I suspect elements will resort to other ways of persuading people. It's going to get worse before it gets better.

Leaked Video of Romney at Fundraiser -- You're all moochers!

alcom says...

I don't consider people living on < $20,000/y "entitled" or "moochers." I think Mitt needs to look in the mirror and see how his privileged life is simply unattainable by people in these circumstances. They're just getting by. By taxing the most vulnerable segment of society, he is inviting increased crime and fraud in the future.

If he was serious about paying his "fair share" he'd disclose all those years of tax returns. And his Swiss and Cayman Island bank accounts while he's at it. He's probably avoided much more total tax revenue personally than the Reps stand to get out of that 47%.

Romney: Is it patriotic to stash your money in the Caymans

ghark says...

>> ^deathcow:

This guy is SO full of crap. OMG he reeks... how can people boo that question? Do these people appreciate what bankers and politicians like him have done to the USA? OMG this is painful to watch and so painful to hear people cheer on this actor.


It's painful watching you type truthy stuff, so I'm going to boo you over the internet.

This teacher has a flawless cheating strategy...

jmzero says...

Except that I followed that strategy. Now I'm rotting in grad school while the cheaters are spending my parents' pension funds on their private cayman islands.


Ah - see that's what happens when you get caught trying this method.

This teacher has a flawless cheating strategy...



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