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2012 Presidential Election (free for all edition)

Debating with the enemy


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Old 07-05-2012, 10:20 AM   #91
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Re: 2012 Presidential Election (free for all edition)

Axelrod hits Romney for 'Bermuda tax shelter' - Yahoo! News


I'll have to give Axelrod bonus points for the use of the words MPP-the Mittness Protection Program.
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Old 07-05-2012, 10:38 AM   #92
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Re: 2012 Presidential Election (free for all edition)

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Originally Posted by NC_Skins View Post
Axelrod hits Romney for 'Bermuda tax shelter' - Yahoo! News


I'll have to give Axelrod bonus points for the use of the words MPP-the Mittness Protection Program.
There is no way you can spin this, its an obvious tax shelter that the wealthy across this country use everyday. So not only do they enjoy the benifits of unfair tax rates, they also can hid there additional money offshore. Is this hypocritical country great?
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Old 07-05-2012, 11:12 AM   #93
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Re: 2012 Presidential Election (free for all edition)

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Originally Posted by firstdown View Post
I love how you say your an independent when its clear your a liberal. You can point to a few post you have made against Obama but its like 500 to 1. So I guess its wrong to invest or own a company over seas now?
What's clear is you have no clue what you are talking about. I refer back to this post I made in regards to Obama. I suggest you overlook the stuff in there. That's quite a few things against Obama, but if you would rather, I can post a link for each incident just to make you feel all warm and snuggly about my party affiliation. This one link alone outnumbers anything I've posted in regards to the GOP goons.


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Originally Posted by NC_Skins View Post
Getting back on the subject, if you Obama hatters want to hat on Obama for something, make sure it's something he's actually responsible for and not something he can really control.


Here is a good start.


What has Obama done so far?
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Old 07-05-2012, 11:29 AM   #94
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Re: 2012 Presidential Election (free for all edition)

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Originally Posted by firstdown View Post
I love how you say your an independent when its clear your a liberal. You can point to a few post you have made against Obama but its like 500 to 1. So I guess its wrong to invest or own a company over seas now?
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.
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Old 07-05-2012, 01:53 PM   #95
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Re: 2012 Presidential Election (free for all edition)

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Originally Posted by Chico23231 View Post
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.
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Old 07-05-2012, 02:24 PM   #96
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Re: 2012 Presidential Election (free for all edition)

^ Nailed on FACT!
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Old 07-05-2012, 02:37 PM   #97
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Re: 2012 Presidential Election (free for all edition)

So its ok when the wealthy cheat on taxes, but its not ok 51% dont pay? Under the same logic, if the poor cheat on taxes, your good with that too? So if its a tax free for all, your good with fraud in medicare, welfare claims, and general social services, because thats just money politicians are hoarding and spending for their own gain? Its stealing from services that support our country!

If the story is true about the Bermurda money not claim, then thats flat out tax evasion. The Caymen island accounts is just so typical of a money whore rich american.
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Old 07-05-2012, 04:04 PM   #98
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Re: 2012 Presidential Election (free for all edition)

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Originally Posted by Chico23231 View Post
So its ok when the wealthy cheat on taxes, but its not ok 51% dont pay? Under the same logic, if the poor cheat on taxes, your good with that too? So if its a tax free for all, your good with fraud in medicare, welfare claims, and general social services, because thats just money politicians are hoarding and spending for their own gain? Its stealing from services that support our country!

If the story is true about the Bermurda money not claim, then thats flat out tax evasion. The Caymen island accounts is just so typical of a money whore rich american.

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?
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Old 07-05-2012, 05:08 PM   #99
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Re: 2012 Presidential Election (free for all edition)

i would equate a cayman island account to an earned income refund when you paid no taxes to begin with. Both can be done legally. Both give fuel to the other side of the debate's arguments and frustration with our system.
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Old 07-05-2012, 05:20 PM   #100
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Re: 2012 Presidential Election (free for all edition)

Quote:
Originally Posted by Chico23231 View Post
So its ok when the wealthy cheat on taxes, but its not ok 51% dont pay? Under the same logic, if the poor cheat on taxes, your good with that too? So if its a tax free for all, your good with fraud in medicare, welfare claims, and general social services, because thats just money politicians are hoarding and spending for their own gain? Its stealing from services that support our country!

If the story is true about the Bermurda money not claim, then thats flat out tax evasion. The Caymen island accounts is just so typical of a money whore rich american.
I agree with CR's post at # 134. The wealthy aren't "cheating" on their taxes, they're simply working within the rules set forth by gov't. That being said, those who don't pay any taxes committing fraud in fed programs are straight out stealing. They're taking something they haven't paid anything for.

The top 1% pay approximately % 40 or so of federal income taxes. This begs a larger question, why should the wealthy have to pay a higher % in tax than someone who's poor. Does a wealthy person use more of the federal highway system? Does the military protect the wealthy person more than the poor person from foreign aggression? Does the Medicare/SS serve the wealthy more than the poor person?

Let's not forget all the wealthy aren't just the "evil, rich, country club republicans". Many of the rich are Dems....but as long as they can influence members of Congress to protect their interests it makes sense to send a few thousand to Dems/libs. There are many areas where you will never have a R/con congressperson.

I'm not OK with Medicare, Welfare and other types of fraud, of course not it's against the law. If you've followed my posts over the years, I support FairTax, you can find info on it here: www.fairtax.org

FairTax will be revenue neutral, closes the tax loopholes used by the very rich and is a point-of-sale tax. Same rate for everyone, rich buy more they're taxed more.
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Last edited by Slingin Sammy 33; 07-05-2012 at 05:41 PM.
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Old 07-05-2012, 05:48 PM   #101
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Re: 2012 Presidential Election (free for all edition)

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Originally Posted by Chico23231 View Post
If the story is true about the Bermurda money not claim, then thats flat out tax evasion. The Caymen island accounts is just so typical of a money whore rich american.
Let's say you're a successful businessman, you worked your hind-quarters off in school, took the risk of funding your own college, worked 50+ hour weeks for 20+ years and now are doing well. Not mega-rich, but say $ 1M yr. or so income. You're already paying a much higher tax rate than most everyone else and you're subject to the estate tax when you pass away, why would you not do everything you could to protect your hard earned assests for yourself and your family (think future generations)? Why would you pay more to the gov't who will simply take your money and do whatever it wants with it? It could be used to fund Planned Parenthood, it could be used for a new weapon system, it could go to a social program, it doesn't matter where the $$$ goes it's not going to help you and your family.
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Old 07-05-2012, 07:34 PM   #102
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Re: 2012 Presidential Election (free for all edition)

The Wall Street Journal: Romney's Tax Confusion - WSJ.com


Game. Set. Match?


I'm telling you. Obama needs to change his 2012 campaign slogan to this.


"Why try? It's Mitt Romney"
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Old 07-05-2012, 09:27 PM   #103
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Re: 2012 Presidential Election (free for all edition)

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Originally Posted by CRedskinsRule View Post
i would equate a cayman island account to an earned income refund when you paid no taxes to begin with. Both can be done legally. Both give fuel to the other side of the debate's arguments and frustration with our system.
That's a very shitty unbalanced equation. One is paying someone to shield their money from uncle sam and the other works hard but has no money to pay uncle sam let alone someone to hide money for them.

You guys make it seem like anyone could qualify for earned income credit, forget who created it and why it's a bloody good idea (hint, Ford created, Reagan strengthened it and it is meant to provide people and families relief and help them escape poverty).
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Old 07-05-2012, 09:31 PM   #104
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Re: 2012 Presidential Election (free for all edition)

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Originally Posted by NC_Skins View Post
The Wall Street Journal: Romney's Tax Confusion - WSJ.com


Game. Set. Match?


I'm telling you. Obama needs to change his 2012 campaign slogan to this.


"Why try? It's Mitt Romney"
LOL, it's not his fault he is rich but it will be his fault when he loses the election.
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Old 07-06-2012, 08:14 AM   #105
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Re: 2012 Presidential Election (free for all edition)

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LOL, it's not his fault he is rich but it will be his fault when he loses the election.
It will will be the whole GOP to blame ! I admit I am a registered repubican but I swear there is not one worth a damn anywhere in sight,I will vote Obama becuase he the less of 2 evils.
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