re: #295 Obdicut

Wanna make a bet that Al Gore doesn’t have some money in the Caymans? Michael Moore? Barbra Streisand? Kennedy’s? Right wing fringies?

And I think, consistently, that any of them do who are assholes.

Just so it is clear. Mitt Romney is showing that he is NOT avoiding taxes by having money offshore. He is paying US Federal taxes on ALL of his income, including that which is offshore.

His reason to have money offshore is because that is where the investments are, and he (in this case) invests with a group of people.

This is not a tax dodge, or even an “invest off show to give jobs to foreigners” dodge.

Let me give you an example. IF your company (in the USA) was importing from or exporting to somewhere in the Caribbean. You might need to set up a shop in the Caribbean in order to control the orders, quality and supply. You would also keep money there in order to buy and sell items.

I repeat for clarity, Mitt Romney is paying US Federal taxes on ALL of his income, including that which is comes form offshore investments.