2012 Presidential Election (free for all edition)

[Slingin Sammy 33]

Originally Posted by Chico23231

There is only one question, why Bermurda and Cayman Islands? Is there alot of Bain Capital or Mitt Romney business there? Is he down there working on something?

These are clearly tax shelters. Mitts not the only one using them, thousands from the US cheat their government out of tax money like this each year. I would just like 1 person to admitt it.

The guys writing the tax code into law could shut this down in a heartbeat with a flat-tax or the Fair Tax. Check out some of the tax shelters here in the U.S. like Wyoming and Delaware. Check out a "Delaware Trust", crazy stuff.

I don't have the kind of $$$ to take advantage of these loopholes, but if I did, I would in a heartbeat. Why would I pay a dime more to the Fed than I'm forced to? All that will happen is the crooks spending that money will be shoveling it whichever way helps their political career....or to fill the pockets of whoever/whatever special interest is pulling their strings.