2012 Presidential Election (free for all edition)

[Chico23231]

Originally Posted by mlmpetert

From the Yahoo! link above i dont see any reference to fraud or tax evasion or doing something illegal? Is what Mitt did just publicly distasteful, or could this be truely construed as tax evasion?

The United States is unlike other countries in that, with some exceptions, its citizens are subject to U.S. tax on their worldwide income no matter where in the world they reside. Although there are some offshore bank accounts that advertise as tax havens, U.S. law requires reporting of income from those accounts, and willful failure to do so constitutes tax evasion.