RMoney's Offshore Wealth Deeply Hidden

[CajunRaven]

Gotta make sure it's "technically legal."

It's either legal or it isn't. Don't like it, change the law.

[CajunRaven]

Hiding money in offshore accounts to avoid taxation on the interest is absolutely chearing and illegal. Most of these banks simply don't comply with the requirement to report the interest. Why do you think people do this in the first place? Is the banking system in the Caymans that alluring in and of itself?

And you have proof he avoided paying interest? And how about Tim Geithner? He got a pass? He was the only guy to fix the problem.

[CajunRaven]

Romney's an idiot...

Our very own Marty O'Malley said "Romney bet against America"... with his Swiss bank accounts. LOL...

HOw did Mitt ever even win Gov. of Mass? He's not a very good politician...

Gee, Marty had something to say, go figure.

Marty is the idiot.

[Phineas Finn]

Isn't the whole off-shore account matter really more about character than it is legality?

Doesn't any American with hundreds of millions of dollars (or billions) have an ethical obligation to keep his money in U.S. financial institutions where it can help our economy grow? Or are we so committed to abstract capitalism that we've taken all moral questions out of economic decisions? Is it all only about profit at all costs?

At what point does a percentage point or two become secondary to the larger picture?

[Brohan]

Isn't the whole off-shore account matter really more about character than it is legality?

Doesn't any American with hundreds of millions of dollars (or billions) have an ethical obligation to keep his money in U.S. financial institutions where it can help our economy grow? Or are we so committed to abstract capitalism that we've taken all moral questions out of economic decisions? Is it all only about profit at all costs?

At what point does a percentage point or two become secondary to the larger picture?

No, not at all.

Funny all the 99% idiots are all the sudden cheerleading for the fraudulent/criminal US banking system. That took a long time.

Just shows what a partisan you are.

Politics makes strang...well, you know.

[Joy in Mudville]

Only the gullible don't think that uber-wealthy liberals have not tucked away millions in secret accounts. The Swiss bankers and others don't care who their clients are, only that they have money to deposit. As long as it's not illegal, there is no story here other than the one that jealous and vindictive liberals may try to exploit.

Are the uber-wealthy liberals running for president?

[CajunRaven]

Isn't the whole off-shore account matter really more about character than it is legality?

Doesn't any American with hundreds of millions of dollars (or billions) have an ethical obligation to keep his money in U.S. financial institutions where it can help our economy grow? Or are we so committed to abstract capitalism that we've taken all moral questions out of economic decisions? Is it all only about profit at all costs?

At what point does a percentage point or two become secondary to the larger picture?

It's really about a morally bankrupt tax code that promotes this type of behavior. Is Romney the exception or the rule? Doesn't just about everyone use the rules to minimize their taxes?

There have been many politicians on both sides of the aisle that have proposed simplifying the tax code, yet it never seems to get any traction. Why is that?

[CajunRaven]

Are the uber-wealthy liberals running for president?

Is the liberal candidate taking contributions from these folks?

[Phineas Finn]

No, not at all.

Funny all the 99% idiots are all the sudden cheerleading for the fraudulent/criminal US banking system. That took a long time.

Just shows what a partisan you are.

Politics makes strang...well, you know.

And putting money off-shore will reform the banking system how?

The only way to reform our banking system is to elect politician who understand that there is a moral element to economic choices.

I doubt you can find anyone in the so-called 99% movement who advocates stashing money in off-shore or numbered-Swiss accounts -- but hey, build another strawman if you like.

[Phineas Finn]

It's really about a morally bankrupt tax code that promotes this type of behavior. Is Romney the exception or the rule? Doesn't just about everyone use the rules to minimize their taxes?

There have been many politicians on both sides of the aisle that have proposed simplifying the tax code, yet it never seems to get any traction. Why is that?

I understand what you're saying, but I still think that along with tax-code reform we need a national acknowlegement that there is more to business and finance than profit.

For example: The tax code would allow me to use my charitable deductions to lower my taxes, but if I did that I'd be using the government to fund part of what is supposed to be my donation -- so I don't claim them. I mean, if your church or your conscience moves you to tithe and you deduct your contribution, have you really tithed?

I more than understand that not everyone can afford to do that, but I expect someone running for President to hold himself to a higher standard.