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(40,416 posts)Who knows how much Rmoney is hiding?
R&
cindyperry2010
(846 posts)Bluerthanblue
(13,669 posts)to doing so?
I just don't understand why he'd offshore if it didn't benefit him.
ejbr
(5,857 posts)he was getting his foreign policy bona fides.
Yeah, that's the ticket.
freshwest
(53,661 posts)Scuba
(53,475 posts)joe1991
(178 posts)Looks like he's going after Romney just because he's rich,
and not how he attained it.
If I had millions I'd probably have a Swiss account also.
Go after Bain and the downsizing and outsourcing.
Swede
(33,302 posts)nt
NYC Liberal
(20,138 posts)klook
(12,173 posts)You don't have a problem with that?
Beartracks
(12,822 posts)Does stashing money in the Cayman islands like Romney mean that you don't have to claim the investment income? Or do you still have to do it... but stashing it in the Caymns just makes it easier to *hide* it?
==============
klook
(12,173 posts)Sources:
Reporting a foreign bank account, bankrate.com
Report of Foreign Bank and Financial Accounts, about.com
Treasury Department Form 90-22.1
The Internal Revenue Service announced today a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes. The new voluntary disclosure initiative will be available through Aug. 31, 2011.
As we continue to amass more information and pursue more people internationally, the risk to individuals hiding assets offshore is increasing, said IRS Commissioner Doug Shulman. This new effort gives those hiding money in foreign accounts a tough, fair way to resolve their tax problems once and for all. And it gives people a chance to come in before we find them.
- http://www.irs.gov/newsroom/article/0,,id=235695,00.html
shraby
(21,946 posts)He's hiding it from the tax man...and last I heard, that's illegal.
I have to claim as income the dollar I received as interest on my savings account over the year since I filed the year before. Yes, the "dollar".
Romney needs to claim up, and pay up.
Bluerthanblue
(13,669 posts)and sleezy.
If I had millions, and played mr. Patriot, I'd keep my money at home.
If I had millions, I'd pay my dues. The "millions" aren't created in a vaccum- you can't be a millionare without other humans.
calimary
(81,557 posts)JDPriestly
(57,936 posts)his foreign investments and his profits from the offshoring -- if any.
xtraxritical
(3,576 posts)Bandit
(21,475 posts)You want to be a tax dodger as well?
lunatica
(53,410 posts)Why would you have a Swiss bank account? The only reason for that is so you don't have to pay your share of taxes in the US. And yet I see you have a union logo as an avatar. That's amazing.
Warren Stupidity
(48,181 posts)nice try though.
dionysus
(26,467 posts)agent46
(1,262 posts)Obama seems to be missing a lot of real openings for effective attacks against Romney. What is this? What undecided voter will bother with this kind of esoteric financial information?
Obama needs confrontational rhetoric that hits hard and pulls no punches. Releasing infographics - not so much.
stockholmer
(3,751 posts)I am hypercritical of your utterly dysfunctional education system, but if a person can't understand possible TAX EVASION, ffs, then they should not be voting in the first place.
Bluerthanblue
(13,669 posts)I can't get it to post but it's a photo of a Cayman beach with the words:
"Mitt Romney: BELIEVE IN AMERICA
INVEST IN THE CAYMANS"
it's designed like a travel poster and VERY effective in just a few short words for those "fast-food" "sound bite" voters.
TalkingDog
(9,001 posts)JDPriestly
(57,936 posts)If you don't believe Obama, look at the chart. Ask your own questions. If confrontational rhetoric satisfies you, there will be lots of that.
Problem is, the right with its huge war chest full of what it takes to buy airtime and election will challenge every claim Obama makes, question his truthfulness every time he speaks, and let Romney's lies go unchallenged.
So Democrats have to prove their facts.
Republicans only have to repeat their falsehoods until they feel like facts.
agent46
(1,262 posts)I'm far from satisfied with the level of insane babble that passes for discourse these days. In fact, I'm despairing at what I see.
Yes you're right about having the documented facts to back up the rhetoric. Propaganda has trained the population to a level of emotional brain stem response to whatever they're shown in the free media. We're way past actual discourse and into dangerous territory where the image is the truth here and I don't see the Obama campaign recognizing that in their political strategies.
KurtNYC
(14,549 posts)Not wanting to pay taxes is about the most normal thing Romney does. This is a non-starter in the election but may play well with Obama's base of small donors.
My hunch is that we won't see the really hard hitting Obama campaign until after the GOP convention and the last 3 weeks of the campaign will devastate Romney.
BklnDem75
(2,918 posts)I don't know how this is different. They're still effectively hurting Rmoney with Bain, this is just a gut punch while he guards his face. Repukes are trying to take the label of personal responsibility. Putting a spotlight on things like this flies right in the face of any such claim. Any good strategist will create openings and hit it hard.
Warren Stupidity
(48,181 posts)accounts. None of us have millions, let alone millions stashed in offshore accounts. He is Richy Rich RMoney, and that needs to be pointed out 24/7.
Driving that home, along with the nutball kkkookery and the women hating fundaloonery is what is going to win this election.
Warren Stupidity
(48,181 posts)Scurrilous
(38,687 posts)Bluerthanblue
(13,669 posts)[url=http://www.flickr.com/photos/20748169@N00/7502843658/][img][/img][/url]
sakabatou
(42,189 posts)Bluerthanblue
(13,669 posts)it's succinct, and the other one fleshes it out very well imo.
Blanks
(4,835 posts)I think the criticism (or whatever you want to call it) from Clinton about going after Bain applies here also.
Not that this type of negative campaigning shouldn't go against Romney; but the president should be above this kind of attack. It does look like he's attacking the wealthy. This should come from the democrats or a PAC, but not a sitting president.
It's an attack not worthy of the man holding the highest office in the land. One of his underlings could show it on a talk show or something, but it shouldn't have the president's name on it.
kestrel91316
(51,666 posts)Swede
(33,302 posts)America is in trouble and this rich POS is hiding money from the US government,while running to become it's President. Very apropos.
progree
(10,929 posts)and other known tax havens?
Though not wealthy, I have some of my IRA invested in foreign countries, e.g. Vanguard Emerging Markets and some international stock index fund, also through Vanguard. As do millions of Americans have investments in funds that invest overseas. The difference from Romney is that fund companies like Vanguard and Fidelity report all earnings of these funds to the IRS, just as they do funds invested in the U.S. such as the Vanguard S&P 500 index fund.
Anyway, in case you are confusing investing in foreign stocks (directly or via mutual funds) with hiding one's money in a tax haven like the Cayman Islands.
Have you heard *ANY* reason for investing anything in Cayman Island funds other than that they don't disclose anything to the IRS?
Have you read #26 in this discussion?
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=902571
Going after tax cheats is different than going after the wealthy.
I dunno, I give up.
Bluerthanblue
(13,669 posts)ummmm.... because his lawyers admit that he does?
Paying your "fair share" is even more important when your share is enormous.
There is a sad irony that those who possess so much money are able to employ others to find ways to avoid contributing back to the system which enabled them to amass such large excesses.
What is money in reality- it is the promise of labor or goods- The wealthy cannot cash in on their booty without lowly workers. People Mr. Romney seems to give little thought or consideration to -outside of how they benefit him and his.
progree
(10,929 posts)My message #31 was to the Blanks #27 who said Obama shouldn't be attacking the wealthy. I was trying to point out to him that Obama wasn't attacking his wealth, but rather attacking his hiding his money in offshore tax haven accounts.
Bluerthanblue
(13,669 posts)got ya- My apologies- I missed the point.
I can be pretty dense sometimes.
klook
(12,173 posts)Tax Dodger vote. Risky strategy? Maybe. But I think he can handle the blowback from this one.
Warren Stupidity
(48,181 posts)Blanks. This is like jeopardy?
Blanks
(4,835 posts)You've lost me?
Alexander
(15,318 posts)BumRushDaShow
(129,798 posts)to a bullseye hit.
As they say - if you throw a rock in a pig pen, the one that squeals is the one that got hit.
jillan
(39,451 posts)they can vote for the man who has a Swiss Bank account or they can vote for the man that doesn't.
Blanks
(4,835 posts)However, the president should be touting his accomplishments; and not getting himself dirty with this.
What's that old saying? Drag you down to their level and beat you with experience.
This is a kill shot for the democrats; the president doesn't need to touch it.
Liberal_in_LA
(44,397 posts)Tarheel_Dem
(31,246 posts)DCKit
(18,541 posts)I'm taking the same measures with family. I recommend it.
nxylas
(6,440 posts)And then if he does release them, bang on about how they're obviously fake and if you analyse them in Photoshop you can move the figures around and yargle blargle BLAAARGH!
sulphurdunn
(6,891 posts)has pretty much dumped Obama for the Mittster. It makes sense, both of them growing up together and belonging to the same country club and what not. One could say she's traded up. I wonder if Obama has realized what a fickle mistress she always was or how futile it is for him to continue wooing her?
bonniebgood
(943 posts)and telling the truth in an ad? And why is proceeds from life insurance is tax free
while (un) employment insurance is taxable?
leftylauren
(51 posts)I know the likelihood of getting prosecuted is little to none but hypothetically speaking is this something he could go to jail for?
If it is indeed legal just unethical this is not something that is going to change conservative's minds but if its is illegal then it has a chance to make an impact.
dionysus
(26,467 posts)leftylauren
(51 posts)It's the ones that think as long as he isn't breaking the law then it's ok in their eyes and will still vote for him. They just spin it as the left attacking his success.
I just trying to figure out how to frame an argument with a point that conservatives might care about. They could care less about greed but they may care about illegal activity.
dionysus
(26,467 posts)it's amazing the shit they will justify...
Warren Stupidity
(48,181 posts)they are about persuading the middle. Painting RMoney as an elite hypocritical filthy rich liar is all good.
leftylauren
(51 posts)Just like they are not going to change my mind ever there is no info-graphic would ever change a conservative's mind.
Blanks
(4,835 posts)The question is; will this sway independents.
I have to say; it does not view well on a mobile device, and there is a growing number of people who exclusively use mobile devices (like myself).
The message, while effectively negative toward the conservatives (regardless of whether it is an example of illegal behavior or not) in its current form on a mobile device is not effective.
Go ahead and put the little rolling around laughing emoticons and call me a troll. I don't believe in its current form, coming from the white house; it will sway independent voters.
If what he's doing is illegal; why hasn't the IRS gone after him? If its not illegal; in some people's eyes (let's call those people independent voters) he just looks like he's smart enough to beat the tax system (which they probably view as bad anyway).
Either way it doesn't make Obama look better; at best it makes his administration look like they're not going after tax evasion aggressive enough. At worst it makes him look like he's bitter because he isn't rich.
Again, the message is good, the graphic is not, and it should not come from the Obama campaign.
Warren Stupidity
(48,181 posts)"If what he was doing was illegal"
"Should not be coming from the Obama campaign"
"Will not be effective"
I'm guessing that there is a mild panic attack over at RNC and that the net brigade has been called out.
Blanks
(4,835 posts)You've made up your mind that this is good. I get it.
Just because others don't think that this is not an effective campaign message; doesn't make them from the RNC.
If we're all thinking alike; some of us aren't thinking at all.
Besides, if you think these are possible RNC talking points; isn't it better to shore up a response here? Instead of them coming up with these criticisms first. I believe that's how intelligent people operate; less agreeing with every idea that seems good; more anticipating responses and preparing rebuttals.
It does help explain why the democrats aren't doing so well. An inability to see things from the swing voters perspective.