Mitt Romney caught with millions stashed in offshore banks

shinyblurrysays...

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.

EMPIREsays...

shinyblurry...

the people who created the legality of sending money into off-shore accounts are also some of the people who profit from the law being created. So, just because something is legal, it doesn't mean you should do it.

"he pays the same tax rate on that money as he does in the states." and "Yes, it gives certain tax advantages"
Well... what is it then? is it the same thing as having the money invested in the US or in an american bank or are there advantages? It can't be the two at the same time.

shinyblurrysays...

He pays the same tax rate, but there are fewer restrictions as to what he can do with the money. To which I say, so what? The taboo of off-shore accounts came from the fact that people were hiding money there, not that they weren't allowed to invest money there. Why can't people invest their money where they want to, where it is smartest to invest? Why do you think so many celebrities and business owners incorporate in Nevada? What right do you think the government has to tell people where they can or can't invest their money?



>> ^EMPIRE:
shinyblurry...
the people who created the legality of sending money into off-shore accounts are also some of the people who profit from the law being created. So, just because something is legal, it doesn't mean you should do it.
"he pays the same tax rate on that money as he does in the states." and "Yes, it gives certain tax advantages"
Well... what is it then? is it the same thing as having the money invested in the US or in an american bank or are there advantages? It can't be the two at the same time.

shinyblurrysays...

>> ^Peroxide:
Shinyblurry. You are so strange.


Titus 2:14

Who gave himself for us, that he might redeem us from all iniquity, and purify unto himself a peculiar people, zealous of good works.

As a stranger and pilgrim in this fallen world, I take that as a compliment.

quantumushroomsays...

Fools! Now the all the Hollywood liberals and George Soros, who have NEVER heard of these legal 'tax shelters', will use them!

I wonder how many Hollywood and NY liberals claim statehood elsewhere to avoid paying those states' outrageous tax rates?

EMPIREsays...

Because some investment are fraudulent, and some investments were created to cause harm on purpose to enrich others. How about that? That seems like a VERY GOOD reason not to let people invest in anything they want.

>> ^shinyblurry:

He pays the same tax rate, but there are fewer restrictions as to what he can do with the money. To which I say, so what? The taboo of off-shore accounts came from the fact that people were hiding money there, not that they weren't allowed to invest money there. Why can't people invest their money where they want to, where it is smartest to invest? Why do you think so many celebrities and business owners incorporate in Nevada? What right do you think the government has to tell people where they can or can't invest their money?

>> ^EMPIRE:
shinyblurry...
the people who created the legality of sending money into off-shore accounts are also some of the people who profit from the law being created. So, just because something is legal, it doesn't mean you should do it.
"he pays the same tax rate on that money as he does in the states." and "Yes, it gives certain tax advantages"
Well... what is it then? is it the same thing as having the money invested in the US or in an american bank or are there advantages? It can't be the two at the same time.


shinyblurrysays...

I meant within the law. Some practices should clearly be outlawed if we're going to have a civil society, and I think the government has some leeway to set policy there. However, if you are following the law, why should you be restricted as to where you are going to invest?

>> ^EMPIRE:
Because some investment are fraudulent, and some investments were created to cause harm on purpose to enrich others. How about that? That seems like a VERY GOOD reason not to let people invest in anything they want.
>> ^shinyblurry:
He pays the same tax rate, but there are fewer restrictions as to what he can do with the money. To which I say, so what? The taboo of off-shore accounts came from the fact that people were hiding money there, not that they weren't allowed to invest money there. Why can't people invest their money where they want to, where it is smartest to invest? Why do you think so many celebrities and business owners incorporate in Nevada? What right do you think the government has to tell people where they can or can't invest their money?
>> ^EMPIRE:
shinyblurry...
the people who created the legality of sending money into off-shore accounts are also some of the people who profit from the law being created. So, just because something is legal, it doesn't mean you should do it.
"he pays the same tax rate on that money as he does in the states." and "Yes, it gives certain tax advantages"
Well... what is it then? is it the same thing as having the money invested in the US or in an american bank or are there advantages? It can't be the two at the same time.



EMPIREsays...

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

>> ^shinyblurry:

I meant within the law. Some practices should clearly be outlawed if we're going to have a civil society, and I think the government has some leeway to set policy there. However, if you are following the law, why should you be restricted as to where you are going to invest?
>> ^EMPIRE:
Because some investment are fraudulent, and some investments were created to cause harm on purpose to enrich others. How about that? That seems like a VERY GOOD reason not to let people invest in anything they want.
>> ^shinyblurry:
He pays the same tax rate, but there are fewer restrictions as to what he can do with the money. To which I say, so what? The taboo of off-shore accounts came from the fact that people were hiding money there, not that they weren't allowed to invest money there. Why can't people invest their money where they want to, where it is smartest to invest? Why do you think so many celebrities and business owners incorporate in Nevada? What right do you think the government has to tell people where they can or can't invest their money?
>> ^EMPIRE:
shinyblurry...
the people who created the legality of sending money into off-shore accounts are also some of the people who profit from the law being created. So, just because something is legal, it doesn't mean you should do it.
"he pays the same tax rate on that money as he does in the states." and "Yes, it gives certain tax advantages"
Well... what is it then? is it the same thing as having the money invested in the US or in an american bank or are there advantages? It can't be the two at the same time.




cosmovitellisays...

Well then your idiot grandson will never be president.

>> ^EMPIRE:

Would you invest in a weapons manufacturer? I wouldn't. Sure it's legal, but doesn't mean it's ok.
>> ^shinyblurry:
I meant within the law. Some practices should clearly be outlawed if we're going to have a civil society, and I think the government has some leeway to set policy there. However, if you are following the law, why should you be restricted as to where you are going to invest?
>> ^EMPIRE:
Because some investment are fraudulent, and some investments were created to cause harm on purpose to enrich others. How about that? That seems like a VERY GOOD reason not to let people invest in anything they want.
>> ^shinyblurry:
He pays the same tax rate, but there are fewer restrictions as to what he can do with the money. To which I say, so what? The taboo of off-shore accounts came from the fact that people were hiding money there, not that they weren't allowed to invest money there. Why can't people invest their money where they want to, where it is smartest to invest? Why do you think so many celebrities and business owners incorporate in Nevada? What right do you think the government has to tell people where they can or can't invest their money?
>> ^EMPIRE:
shinyblurry...
the people who created the legality of sending money into off-shore accounts are also some of the people who profit from the law being created. So, just because something is legal, it doesn't mean you should do it.
"he pays the same tax rate on that money as he does in the states." and "Yes, it gives certain tax advantages"
Well... what is it then? is it the same thing as having the money invested in the US or in an american bank or are there advantages? It can't be the two at the same time.





shinyblurrysays...

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.

lantern53says...

I believe the same law applies to everyone, does it not?

Mitt is a smart guy.

How would putting his money somewhere else help you or me? The only way it would help us is if we had a part of it, and the US gov't has the power to take it from one and give it to another, who did not earn it.

Wouldn't it be nice if we all just looked after our own stash instead of trying to decide how or where someone else keeps his?

Would you want someone else deciding everything you did with your money, whether it was legal, moral, blah blah blah based on their own notions?

Asmosays...

>> ^shinyblurry:

>> ^Peroxide:
Shinyblurry. You are so strange.

Titus 2:14
Who gave himself for us, that he might redeem us from all iniquity, and purify unto himself a peculiar people, zealous of good works.
As a stranger and pilgrim in this fallen world, I take that as a compliment.


Hey Shiny, your god disagrees with you on Romney's wealth (and capitalism in general)

"Then Jesus said to his disciples, 'I tell you the truth, it is hard for a rich man to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.'"
-Matthew 19:23-24

In god you trust, but don't bother following his edicts. Moron.

bobknight33says...

Surly everyone in his income range is doing this or something of the like. Besides it legal.


If you could hide your income and avoid paying taxes you wold too.

Sadly most of us are just too poor to do it.

shinyblurrysays...

That isn't an indictment against money, it is an indictment against greed. God doesn't care if you have money, but He does care what you use it for. He made Solomon the richest person on the planet. I think those who are rich should be using their money for the Lords work and giving heartily to the poor, so I do not support the aquisition of wealth for wealths sake. I think that is sinful. However, that is their choice, and it is not up to me, but it is between them and God.

>> ^Asmo:
>> ^shinyblurry:
>> ^Peroxide:
Shinyblurry. You are so strange.

Titus 2:14
Who gave himself for us, that he might redeem us from all iniquity, and purify unto himself a peculiar people, zealous of good works.
As a stranger and pilgrim in this fallen world, I take that as a compliment.

Hey Shiny, your god disagrees with you on Romney's wealth (and capitalism in general)
"Then Jesus said to his disciples, 'I tell you the truth, it is hard for a rich man to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.'"
-Matthew 19:23-24
In god you trust, but don't bother following his edicts. Moron.

Asmosays...

>> ^shinyblurry:

That isn't an indictment against money, it is an indictment against greed. God doesn't care if you have money, but He does care what you use it for. He made Solomon the richest person on the planet. I think those who are rich should be using their money for the Lords work and giving heartily to the poor, so I do not support the aquisition of wealth for wealths sake. I think that is sinful. However, that is their choice, and it is not up to me, but it is between them and God.


Typical christian, thinks he knows what his god wants but ignores what he says... Just think about how much good works those stashed millions could be doing for the poor. Dare I say it, the 'God' conservatives put so much stock in is a *gasp* socialist...

"If a man shuts his ears to the cry of the poor, he too will cry out and not be answered."
-Proverbs 21:13

"Speak up for those who cannot speak for themselves, for the rights of all who are destitute. Speak up and judge fairly; defend the rights of the poor and needy."
-Proverbs 31:8-9

"No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money."
-Matthew 6:24

"Then Jesus said to his disciples, 'I tell you the truth, it is hard for a rich man to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.'"
-Matthew 19:23-24

"Then he will say to those on his left, 'Depart from me, you who are cursed, into the eternal fire prepared for the devil and his angels. For I was hungry and you gave me nothing to eat, I was thirsty and you gave me nothing to drink, I was a stranger and you did not invite me in, I needed clothes and you did not clothe me, I was sick and in prison and you did not look after me.' They also will answer, 'Lord, when did we see you hungry or thirsty or a stranger or needing clothes or sick or in prison, and did not help you?' He will reply, 'I tell you the truth, whatever you did not do for one of the least among you, you did not do for me.'"
-Matthew 25:41-45

"He who mocks the poor shows contempt for their Maker; whoever gloats over disaster will not go unpunished."
-Proverbs 17:5

"He who oppresses the poor to increase his wealth and he who gives gifts to the rich--both come to poverty."
-Proverbs 22:16

"Jesus answered, 'If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me.'"
-Matthew 19:21

"He who gives to the poor will lack nothing, but he who closes his eyes to them receives many curses."
-Proverbs 28:27

"People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs."
-1 Timothy 6:9-10

"Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life."
-1 Timothy 6:17-19

"Now this was the sin of your sister Sodom: She and her daughters were arrogant, overfed and unconcerned; they did not help the poor and needy."
-Ezekiel 16:49

"Rich and poor have this in common: The LORD is the Maker of them all."
-Proverbs 22:2

"He who oppresses the poor shows contempt for their Maker, but whoever is kind to the needy honors God."
-Proverbs 14:31

"A generous man will himself be blessed, for he shares his food with the poor."
-Proverbs 22:9

"Better a poor man whose walk is blameless than a rich man whose ways are perverse."
-Proverbs 28:6

"A faithful man will be richly blessed, but one eager to get rich will not go unpunished."
-Proverbs 28:20

"The righteous care about justice for the poor, but the wicked have no such concern."
-Proverbs 29:7

"Wealth is worthless in the day of wrath, but righteousness delivers from death."
-Proverbs 11:4

"Do not exploit the poor because they are poor and do not crush the needy in court, for the LORD will take up their case and will plunder those who plunder them."
-Proverbs 22:22-23

"Do not wear yourself out to get rich; have the wisdom to show restraint. Cast but a glance at riches, and they are gone, for they will surely sprout wings and fly off to the sky like an eagle."
-Proverbs 23:4-5

"Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless."
-Ecclesiastes 5:10

"A good name is more desirable than great riches; to be esteemed is better than silver or gold."
-Proverbs 22:1

"There will always be poor people in the land. Therefore I command you to be openhanded toward your brothers and toward the poor and needy in your land."
-Deuteronomy 15:11

"Keep your lives free from the love of money and be content with what you have."
-Hebrews 13:5

"You evildoers frustrate the plans of the poor, but the Lord is their refuge."
-Psalm 14:6

"He who is kind to the poor lends to the Lord, and He will reward him for what he has done."
-Proverbs 19:17

"A rich man may be wise in his own eyes, but a poor man who has discernment sees through him."
-Proverbs 28:11

"A fortune made by a lying tongue is a fleeting vapor and a deadly snare."
-Proverbs 21:6

"The wealth of the rich is their fortified city; they imagine it an unscalable wall."
-Proverbs 18:11

shinyblurrysays...

Did you even read what I said? I said people should use their wealth to do the Lords work and help the poor. God gives people material blessings to do those things, but many are enslaved to their love of money and don't do them. I know exactly what the word says about money, and my statement matches it precisely. I am not a republican nor am I a gung-ho capitalist. The early church was very socialist, in that the members all sold what they had and shared the proceeds with eachother as they needed. I support that, but I also recognize that in a fallen world, without the hand of God directly involved, socialism can very easily become totalitarian.

>> ^Asmo:
>> ^shinyblurry:
That isn't an indictment against money, it is an indictment against greed. God doesn't care if you have money, but He does care what you use it for. He made Solomon the richest person on the planet. I think those who are rich should be using their money for the Lords work and giving heartily to the poor, so I do not support the aquisition of wealth for wealths sake. I think that is sinful. However, that is their choice, and it is not up to me, but it is between them and God.

Typical christian, thinks he knows what his god wants but ignores what he says... Just think about how much good works those stashed millions could be doing for the poor. Dare I say it, the 'God' conservatives put so much stock in is a gasp socialist...
"If a man shuts his ears to the cry of the poor, he too will cry out and not be answered."
-Proverbs 21:13
"Speak up for those who cannot speak for themselves, for the rights of all who are destitute. Speak up and judge fairly; defend the rights of the poor and needy."
-Proverbs 31:8-9
"No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money."
-Matthew 6:24
"Then Jesus said to his disciples, 'I tell you the truth, it is hard for a rich man to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.'"
-Matthew 19:23-24
"Then he will say to those on his left, 'Depart from me, you who are cursed, into the eternal fire prepared for the devil and his angels. For I was hungry and you gave me nothing to eat, I was thirsty and you gave me nothing to drink, I was a stranger and you did not invite me in, I needed clothes and you did not clothe me, I was sick and in prison and you did not look after me.' They also will answer, 'Lord, when did we see you hungry or thirsty or a stranger or needing clothes or sick or in prison, and did not help you?' He will reply, 'I tell you the truth, whatever you did not do for one of the least among you, you did not do for me.'"
-Matthew 25:41-45
"He who mocks the poor shows contempt for their Maker; whoever gloats over disaster will not go unpunished."
-Proverbs 17:5
"He who oppresses the poor to increase his wealth and he who gives gifts to the rich--both come to poverty."
-Proverbs 22:16
"Jesus answered, 'If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me.'"
-Matthew 19:21
"He who gives to the poor will lack nothing, but he who closes his eyes to them receives many curses."
-Proverbs 28:27
"People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs."
-1 Timothy 6:9-10
"Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life."
-1 Timothy 6:17-19
"Now this was the sin of your sister Sodom: She and her daughters were arrogant, overfed and unconcerned; they did not help the poor and needy."
-Ezekiel 16:49
"Rich and poor have this in common: The LORD is the Maker of them all."
-Proverbs 22:2
"He who oppresses the poor shows contempt for their Maker, but whoever is kind to the needy honors God."
-Proverbs 14:31
"A generous man will himself be blessed, for he shares his food with the poor."
-Proverbs 22:9
"Better a poor man whose walk is blameless than a rich man whose ways are perverse."
-Proverbs 28:6
"A faithful man will be richly blessed, but one eager to get rich will not go unpunished."
-Proverbs 28:20
"The righteous care about justice for the poor, but the wicked have no such concern."
-Proverbs 29:7
"Wealth is worthless in the day of wrath, but righteousness delivers from death."
-Proverbs 11:4
"Do not exploit the poor because they are poor and do not crush the needy in court, for the LORD will take up their case and will plunder those who plunder them."
-Proverbs 22:22-23
"Do not wear yourself out to get rich; have the wisdom to show restraint. Cast but a glance at riches, and they are gone, for they will surely sprout wings and fly off to the sky like an eagle."
-Proverbs 23:4-5
"Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless."
-Ecclesiastes 5:10
"A good name is more desirable than great riches; to be esteemed is better than silver or gold."
-Proverbs 22:1
"There will always be poor people in the land. Therefore I command you to be openhanded toward your brothers and toward the poor and needy in your land."
-Deuteronomy 15:11
"Keep your lives free from the love of money and be content with what you have."
-Hebrews 13:5
"You evildoers frustrate the plans of the poor, but the Lord is their refuge."
-Psalm 14:6
"He who is kind to the poor lends to the Lord, and He will reward him for what he has done."
-Proverbs 19:17
"A rich man may be wise in his own eyes, but a poor man who has discernment sees through him."
-Proverbs 28:11
"A fortune made by a lying tongue is a fleeting vapor and a deadly snare."
-Proverbs 21:6
"The wealth of the rich is their fortified city; they imagine it an unscalable wall."
-Proverbs 18:11

volumptuoussays...

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.

shinyblurrysays...

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.

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