Disclosures required by law relating to two of Romney's funds have now been published, showing a complex web of transactions which were stated in the filed documents, and promoted to investors as ways to avoid paying taxes on gains to the U.S. Treasury. Those who do no not want to support their country financially can look and listen here, for more details on how to do it. Bain Documents: Romney Offshore Investments Used 'Blockers' To Avoid Taxes - ABC News
I barely get anything back income tax time.. I get less then half of what I pay in! Romney is against female rights.. both suck, if you ask me.. but i'd have to go for Obama on this one..
Almost half pay no federal income taxes. So let's just consider that once those get to be more than half of the population, who do you think will win elections. V, you never did answer my two questions. One, what will we do once the money runs out? The second one is why do you keep on supporting programs that have failed miserably? I would really like to hear your take on that.
On the second question, readers will notice I haven't advocated any programs. There's an assumption implicit in the first question, that the nation can run out of money. I suppose what you're imagining is a kind of bankrupt state, in which the combined power of taxation and the ability to borrow is exhausted, and there is no will to sell any of the extremely valuable assets held by the U.S. Government, to keep the cash flowing. Frankly, what I see is a state which has been largely engineered by the same people who now are in alarm about the countries finances, but want to further reduce the country's income by cutting taxes. Those who have watched this unfold over the last 12 years or so will recognize it as an implementation of the "starve the beast" mentality. Am I happy about the state of the nation's finances, no; but I see it as a crisis mainly in terms of the nation having no unifying concept of the society we wish to build and, therefore, being unable to deal with it. We can either see it as "One nation, under God, with liberty and justice for all"; or, as "Every man for himself, and the devil can take the hindmost".
Interesting how Romney is criticized by how a blind trust operates. I guess when the left wing media gets rolling they really don't like to bother with little details like the fact that Romney doesn't control the trust. It goes along with the statement attributed to Sarah Palin that she could see Russia from her house. So many people thought that she had said it and it was just a Saturday Night Live skit. Can a country run out of money? In a sense, yes they can. Greece is the perfect example of what happens when a country can't pay their debts. Taxes have to rise dramatically and programs have to be cut equally as hard. Portugal, Spain, and Italy are also feeling the pain and I wonder how far behind them France will be. My point about running out of money is that if we do not start to cut programs and raise taxes now, the pain in the future will be very, very difficult to bear. When our supposed leaders see that we are spending too much, why the heck would you add a billion dollar cell phone giveaway? Could it be to just buy votes?
I haven't either heard or read anyone criticizing that his Bain Capital holdings are in a blind trust, which is required of those seeking political office: he is criticized for the content of that trust, which includes the funds set up by Bain Capital for the express purpose of avoiding U.S. taxes. And, a poster child for my point about lack of an electorate united by a common purpose. For lack of a shared vision of what kind of country they'd like to be, they can't locate the political will to take the steps needed to restore investor confidence, for a lack of which they cannot fund their debt without external support from the EU. I mentioned asset sales as one means by which governments can acquire funds: Greece is in the middle of an effort to sell some of its assets and running into domestic political opposition as they do.
Reuters News poll results. It's way too early to be making any predictions in this election, but with both parties having blocks of adherents how the independents go will probably decide it.
Let's see,"for the express purpose of avoiding US taxes." Guess what? That's what every American does who itemizes deductions. There is nothing illegal about using the tax laws to keep from paying taxes. I love how the media loves to distort facts. If the laws, that were passed by Congress, are being obeyed, then what is wrong with not paying taxes you don't owe. Do you pay more in taxes than you owe? Wow, talk about a blatant distortion! I guess that we should all just ignore tax deductions and pay over everything to the government. By the way, if you check good old Barack's tax returns you'll see that he itemizes his deductions "for the express purpose of avoiding US taxes." Guess Obama and Romney have that in common. Americans do not want a leader right now. They only want someone who will give them more of their giveaways and tax deductions. To paraphrase the old Jack Nicholson movie, "Americans can't handle the truth!" So what will happen when taxes have to be doubled and benefits halved? If Obama gets reelected then that day of the apocalypse will be sooner rather than later.
I love how people look at what they get back as being an indication of their taxes. Look at what you paid in total. If you want more taxes back at tax time just increase the amounts withheld from your checks. What you get back isn't an indication of your taxes, but what you paid in total is what counts.
I love how the world will end if President Obama gets re-elected. It didn't end when Mr. Bush got re-elected and got us into 2 wars in the process. I don't look for giveaways, so you're not talking to me in that respect. President Obama's tenure has not affected me negatively. I still pay the same amount of taxes, my house still ain't worth shit and Congress still has way more benefits than they deserve. Give me a candidate that will address those lifelong benefits and they have my ear. It's pretty funny that those politicians are against healthcare for the masses, when they themselves have healthcare for life paid for by us. I guess that apples to oranges though, right???
