Are You

labrea_gwJuly 19, 2012

"Some tax experts are alarmed by Mitt Romney's apparent admission that Bain Capital set up offshore accounts in the Cayman Islands to help wealthy investors avoid paying U.S. taxes."

Are You?

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Embothrium(USDA 8 Sunset 5 WA)

No. It's more big business as usual. What alarms me is that the finance etc. sector is running the country, with or without Romney being elected.

    Bookmark   July 19, 2012 at 6:13PM
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ingrid_vc(Z10 SoCal)

Yes, bboy, but one of the reasons they are running the country is that by not paying taxes they're becoming increasingly more wealthy and thus more powerful. Every little bit helps.

    Bookmark   July 19, 2012 at 6:33PM
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labrea_gw

Trillions are off shored!

    Bookmark   July 19, 2012 at 11:27PM
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tobr24u(z6 RI)

Hmm, and I am lucky if I have a few bucks in my local credit union...

    Bookmark   July 20, 2012 at 6:49AM
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chase_gw

I think it would very interesting to know how many of these billionaires are part of the 47% paying no taxes.

    Bookmark   July 20, 2012 at 8:03AM
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vgkg(Z-7)

All of this American off shore money is said to be owned by the "job creators". No jobs but they are giving us the business.

Mitt Romney 2012
For His Eyes Only

    Bookmark   July 20, 2012 at 9:31AM
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seashellsandpearls

vgkg, once again, signed off with another winning slogan!

Mitt Romney 2012
For His Eyes Only

I am really enjoying these...they are very clever and witty!
I wish I had saved them all.

Sea

    Bookmark   July 20, 2012 at 9:45AM
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nancy_in_venice_ca Sunset 24 z10

Mitt Romney 2012
You've Already Seen Enough

Ms. Anne Let-them-eat-cake Romney for 1st Lady!

    Bookmark   July 20, 2012 at 9:56AM
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vgkg(Z-7)

Thx Sea, I try

My personal fav is:

Mitt Romney 2012
He's Unbelievable!

Mitt makes it all too easy, now his wife does too...

Mitt Romney 2012
Soon You People Will be His Business
But His Business is None of Your Business

(I know, too big for a bumper sticker ;)

    Bookmark   July 20, 2012 at 10:00AM
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chase_gw

Wonder what Romney has to say about this.....

Yesterday the Republican in the Senate blocked a bill that would have eliminated tax credits for companies for companies who out source jobs overseas and use that money to fund a 20 percent tax credit for the costs companies run up "insourcing" labor back into the U.S.

For the life of me I cannot understand why things like this don't get the attention they deserve. Republicans don't care about American jobs they only care about doing the bidding of the boys that "own" them. One thing is true the Republicans care about the economy as it relates to their corporate friends but they couldn't care less for American middle class jobs.

    Bookmark   July 20, 2012 at 10:04AM
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david52_gw

The LA Times has been looking into the sources of the initial funds used to start Bain under Romney - gee, a lot of it through anonymous tax-sheltered accounts in Panama.

Taxes are for little people

Here is a link that might be useful: link

    Bookmark   July 20, 2012 at 10:16AM
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kwoods(Cold z7 Long Is)

"Some tax experts are alarmed..."

That neither alarms nor surprises me in the least. What does is the fact that he has been nominated to play the president.

    Bookmark   July 20, 2012 at 10:25AM
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jodik_gw

But, KWoods, it makes perfect sense... he's the most clay-like and mold-able of any of the contenders. He'd make the perfect mouthpiece for those with power and influence, rather like a Bush III.

    Bookmark   July 20, 2012 at 10:56AM
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inkognito

What he says today he unsays tomorrow but as you know or think you know but may not know there are some things that just can't be known so it is impossible to give a definitive answer to any question, doncha know.

With apologies to Rumsfeld for mangling his mangled mantra.

    Bookmark   July 20, 2012 at 12:09PM
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labrea_gw

U.S. tax code has encouraged companies like Halliburton to transfer the location of its subsidiaries from the United States to foreign countries. This is one reason why only thirty-six of Halliburton's 143 subsidiaries are incorporated in the United States and 107 subsidiaries (or 75 percent) are incorporated in 30 different countries old news.
Oracle, Seagate, DelMonte all in a computer in the Cayman Islands.
Not as nasty say as contractors working in Iraq finding out
that they had no legal grounds to sue.

Freshman Minnesota senator Al Franken's first-ever legislative action, a relatively simple, almost laughably surefire bill requiring the Pentagon no longer do business with any contractor -- hi, Halliburton! -- that requires its employees to agree that she cannot sue said contractor if she is, oh let's just say, gang raped by its employees!

30 U.S. senators -- Republicans each and every one -- who just stepped forth to vote against the Franken amendment

The cost of doing business isn't always about cash just 99% of the time.

"More than half the worldâÂÂs money passes almost undetected through a series of financial black holes that shelter it from not only the tax collector but from shareholders, partners and wives, a Tribune-Review investigation found.

Once employed by gangsters such as Meyer Lansky and Lucky Luciano, these secret bank accounts have grown so vast and lawless that some experts tell the Trib they fear the amount of money involved threatens societies from China to Africa, Europe and the United States. World leaders railed against the impact of secret havens during the G20 summit in Pittsburgh three years ago.

âÂÂThey have caused a huge imbalance in the market,â said John Christensen, director of London-based Tax Justice Network, which was established by the British Parliament in 2003 to examine tax issues worldwide.

âÂÂThey are the very opposite of capitalism, which is supposed to be based on transparency. They are the shadow economy.âÂÂ

From Switzerland and a couple of Caribbean islands, the black holes are in 70 or more countries. Christensen said studies by several organizations, including the International Monetary Fund, put the total stash at as much as $25 trillion.

In contrast, the Commerce Department pegs the gross national product of the United States at more than $15 trillion."

Here is a link that might be useful: OFF OFF OFF

    Bookmark   July 20, 2012 at 12:41PM
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nancy_in_venice_ca Sunset 24 z10

30 U.S. senators -- Republicans each and every one -- who just stepped forth to vote against the Franken amendment

I remember that. Shameful, but hardly publicized.

    Bookmark   July 20, 2012 at 12:50PM
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labrea_gw

Cost of doing business Nancy a tax on the countries morals means crap to the crap eaters!

    Bookmark   July 20, 2012 at 1:26PM
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don_socal

"Imagine there's no money, it's easy if you try."

Banks want to get rid of paper trail money, statements and checks and go all electronic. Less oversight and more opportunity to change things.

"Imagine electronic meltdown, no records floating in the sky"

"La La La La....Life goes on."

    Bookmark   July 21, 2012 at 10:42AM
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marshallz10(z9-10 CA)

Yes, the Cloud ate our banking records

    Bookmark   July 21, 2012 at 11:35AM
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sam_md

CBS poll has Obama/Romney neck to neck. How can that be?
Obama was awarded Nobel Prize, stomped out al-qaeda, incumbent president with unlimited war chest to trash Romney. If only CBS would conduct a poll of HT forum members rather than American voters, then they would get the real picture, right???

Here is a link that might be useful: CBS Poll

    Bookmark   July 21, 2012 at 3:07PM
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marshallz10(z9-10 CA)

"It's the economy, stupid."

    Bookmark   July 21, 2012 at 3:12PM
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demifloyd(8)

It's the economy, and we're NOT stupid.

    Bookmark   July 21, 2012 at 4:25PM
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marshallz10(z9-10 CA)

Reading comprenstion alert!

I was quoting a famous person about a former election-in-progress.

Sorry you took that so personally, demi. Get a grip, girlfriend.

    Bookmark   July 21, 2012 at 4:41PM
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vgkg(Z-7)

I'm just as puzzled as you Sam, Obama pulled us back from the brink and half the people want to take us back into the tax cuts for the rich, deregulational anything goes inaness, get more internationally aggressive - abyss. It's just too weird. The serine call of the right must have some seductive tone that thankfully doesn't register with the other half of the nation......Romney will fix things? Really?...Really? That goes way beyond LOL.

Mitt Romney 2012
Prankster-in-Chief

    Bookmark   July 21, 2012 at 5:59PM
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demifloyd(8)

Posted by demifloyd 8 (My Page) on
Sat, Jul 21, 12 at 16:25

It's the economy, and we're NOT stupid.

Posted by marshallz10 z9-10 CA (My Page) on
Sat, Jul 21, 12 at 16:41

Reading comprenstion alert!

I was quoting a famous person about a former election-in-progress.

Sorry you took that so personally, demi. Get a grip, girlfriend.

*

Oh Good Lord, Mashall. I know that.
No reading comprehension problem and I have a better grip than most.

Didn't you hear this week, that is the conservatives' new answer to Barack Obama, "It's the economy, and we're not stupid?"

You made a wrong assumption.

Again.

So much for lighthearted comments!

    Bookmark   July 21, 2012 at 6:13PM
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marshallz10(z9-10 CA)

I haven't been listening or watching political palaver this week (or this month or two, for that matter.) Your assumption is wrong (very easy to do when making off the cuff remarks, such as during stump speeches. :))

    Bookmark   July 21, 2012 at 6:24PM
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chase_gw

"and I have a better grip than most"......

    Bookmark   July 21, 2012 at 9:15PM
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marquest(z5 PA)

Poll Date Sample Obama (D) Romney (R)

RCP Average 7/5 - 7/20 -- -- 46.4 44.7
Obama +1.7

Rasmussen Tracking 7/18 - 7/20 46 46 Tie

Gallup Tracking 7/14 - 7/20 48 44
Obama +4

FOX News 7/15 - 7/17 45 41 Obama +4

Here is a link that might be useful: Poll 7/17-7/20

    Bookmark   July 21, 2012 at 11:47PM
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