ACTUALLY…it was not on his own. Senator Reid assisted him significantly, as well as the 111th Congress, as a whole.Yeah, all by his lonesome. The Republican dominated Congress had absolutely nothing to do with it.
Oh, that’s right. They didn’t build that.No they can’t. >>>>>> I always wanted to write something like that
Ed
Wall Street. Good old Wall Street. Most of them should be in prison right now. Tell me how I can put my money in offshore accounts or exclude it from taxation.Oh, that’s right. They didn’t build that.
Jon
Muni’s. They generally pay lower interest than corporates but they should be higher than CD’s. But if you do go CD, you don’t have to worry about too much interest to be taxed.
*]Get some money together
*]Find a Tax Haven country
*]Find a Bank
*]Open an account
*]Deposit your money into the account
But you will be liable for taxation, but the benefit is, it’s private and the gubbmint can’t touch it if Obama decides he needs your 401k money to pay for more Obamaphones and a free car for everyone on foodstamps
I will add that to my list of Biggest Jokes I’ve ever heard. Wall Street runs the country.
Careful where you get your munis. Contrary to public opinion bonds are not foolproof. Make sure the Municipal bonds you purchase are from municipalities with good credit ratings.
Yes, but those credit ratings can and do change. And in 2008, some of them did in fact default.
It’s also estimated he has like $100 million in his IRA, supposedly from some humongous capital gains. He’s going to get sacked at the highest possible rates when he is forced to withdraw. The advisors are having a field day with this one. He no doubt will try to lower that maximum, you can bet on it, even if he has to wipe out all deductions from everyone.
Actually, the republicans in the house could force a balanced budget if they really wanted one. No spending ever gets authorized without their approval.Congress isn’t dominated by Republicans and there has been a default budget in place for the past 4 years.
Do you live in an alternative reality?
Actually, there is another thing you forgot: use massive amounts of other people’s money, particularly by borrowing. Our tax system is significantly biased towards borrowers. The guy who avoid debt and expands his business with his own profits really takes it on the chin.Careful where you get your munis. Contrary to public opinion bonds are not foolproof. Make sure the Municipal bonds you purchase are from municipalities with good credit ratings.
BTW if you want to avoid taxes the Mitt Romney way do these following tasks
- Start your own business and work for yourself
- Make contribution to your kids via accounts and/or trusts
- Give to charity
- Purchase stocks with high-dividends directly from the company
For two years, Obama had a dominant legislature. If the democrats were fully united, the republicans had no procedural means of stopping them.
I suppose it’s any wonder how in 50 years we’ve gone from the world’s biggest lender to the world’s biggest borrower.
You tell me. It’s certainly not invested in Wall Street but in other “entities.”
