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qui_est_ce
Guest
She was talking about why is Obama hiding his transcripts.
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qui_est_ce
Guest
When I was studying abroad, my parents had me open a bank account so I could pay my bills.
My parents used to put their money in foreign bank accounts because a lot of their business was in foreign countries.
It was all perfectly legal.
I do think it is illegal to have money in an Iranian bank though, among others.
R
Ridgerunner
Guest
Well, that’s what the Supreme Court wondered too, in the Hosanna Tabor case, decided within the year. It was exactly the Obama Justice Dept who argued that, while the Lutheran Church is immune from requirements of the EEOC when it comes to “ministers”, the government has the power to decide who are Lutheran “ministers” and who are not when it comes to applications of the law, regardless of what the Lutheran Church thinks about who its ministers are.
The Supreme Court decided in favor of the Lutheran Church, unanimously I believe.
So, taking into account the HHS mandate as well, I think we pretty well know what this administration’s approach to religion is.
J
JoeBowen7
Guest
There is a Bermuda-based entity called Sankaty High Yield Asset Investors Ltd., which has been described in securities filings as “a Bermuda corporation wholly owned by W. Mitt Romney.”
Bain capital has at least 138 funds organized in the Cayman Islands, and Romney himself has personal interests in at least 12
vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts
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qui_est_ce
Guest
The article is full of hearsay and anonymity.
If you don’t like our tax laws vote in a new Congress.
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mercytruth
Guest
According to this article Mr. Romney has tax shelters in the Cayman Islands. If this article is misrepresenting the facts, then I stand corrected and sincerely apologize to Mr. Romney, his family and those who are supporting him in this election.
washingtonpost.com/business/economy/romney-cayman-islands-holdings-complicate-tax-return-debate/2012/01/24/gIQAmuvZOQ_story.html
God’s peace
micah
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qui_est_ce
Guest
Is it illegal? Do you know what a tax shelter is?
I take tax shelters too when I deduct my charitable contributions and my mortgage interest.
Mitt Romney does not get a charitable tax deductions from his donations to the Mormon church, because they are not a 501c.
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mercytruth
Guest
Deductions are not the same as tax shelters, but I am not a tax expert. I never said that tax shelters were illegal. My only concern is that Jesus said that we were not to store up treasures on earth, but rather treasures in heaven. He then goes unto to say that we can not serve both God and mammon at the same time.
Maybe Mr. Romney is storing up his wealth in the Cayman Islands because someday he plans to give it all to the Mormon church, so I should not presume, should I?
God’s peace
micah
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LisaA
Guest
Note the cagey language used…this COULD…this MIGHT…Note the use of the term “tax shelter” with regard to IIRAs. Bet Joe and Mabel didn’t know they were in “tax shelters.”
WaPo is very Left of Center and not going to give Romney the benefit of the doubt but portray his investments as shady and mysterious.
As was asked before, do you understand a “tax shelter?” Is this evil? I posted Justice Learned Hand’s famous quote in which he said there is nothing noble about paying more taxes than you owe. People are perfectly free to arrange their affairs to benefit their family’s financial situation including such ‘shelters’ as a home mortgage, child care payments, donations to charities.
Of course WaPo used the charged language to make it sound ever so much more frightening…
Clip below
The offshore arrangement ***could have ***spared Romney a form of U.S. tax that can apply even to individual retirement accounts, experts say.
IRAs are widely used investment vehicles that allow people to save money and postpone paying taxes on it until their golden years. But even within the shelter of tax-exempt entities such as IRAs or nonprofit organizations, some investments can trigger taxes by throwing off profits known as “unrelated business taxable income
BTW Micah, most shelters simply DEFER taxation to a future period. Very few provide permanent tax savings.
Lisa
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qui_est_ce
Guest
He said that in response to the man building a barn. The focus of the man was on his treasure, so much so, that he didn’t have any family to leave it to.
You are judging Mitt’s motives. His actions and the way he lives his life show that he is a decent and honest man.
It is not sinful to be rich.
Stop twisting Bible verses to demonize Mitt Romney, please. You are making ad hominem attacks.
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estesbob
Guest
What tax shelters are those?
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mercytruth
Guest
Prove to me that WPost misstated the facts, and I will apologize.
My issue was not whether tax shelters were illegal, my issue is more with the storing up wealth on earth which I have already addressed. No need to further our discussions, as they are differences of perceptions of Mr. Romney, and of the teachings of Jesus Christ.
God’s peace when you vote
micah
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ComputerGeek25
Guest
Thank you.
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qui_est_ce
Guest
Some people don’t seem to understand how important investments are to a free capitalist society.
I thinking it’s because Obama thinks tax and spend are investments.
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ComputerGeek25
Guest
The Obama’s are very well off. Why is there no criticism of him?
Oh that’s right, he’s a Black, Liberal Democrat…
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ComputerGeek25
Guest
People are free to store up wealth here on Earth. There is nothing wrong with that.
Since you made the allegation, what facts do you have that Romney is serving mammon rather than God?
If you’re issue is simply that he is using tax shelters and deductions to avoid paying taxes, shouldn’t we do away with shelters and deductions?
C
ComputerGeek25
Guest
People are merely pointing out that the reasons you have stated should not any bearing on a Presidential election. There is nothing in his past that would indicate that he would force everyone to convert to mormonism.
As Lisa pointed out, people were making the same bigoted remarks about JFK. He is regarded by many historians as one of the better presidents of the 20th century,
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qui_est_ce
Guest
Prove to me that Mitt Romney worships money. I already posted some of his altruistic endeavors.
Stop defaming a man for being rich.
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rlg94086
Guest
So, to be clear, if an Aryan cult beileves in killing Jews or Satanists want to sacrifice virgins, you would oppose a government’s interferance into their actions because there shouldn’t be any religious restrictions, correct?
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rlg94086
Guest
But, what could possibly be in Obama’s transcripts that would compel him to keep them sealed? He graduated Magna Cum Laude from Harvard, right? One would think he would be proud of his accomplishments and publish his transcripts to inspire millions of children who want to be president some day.It hasn’t been the norm for presidential candidates to release their college transcripts but GWB’s were leaked to the press. The interest there was that he nearly failed high school and bombed out of a community college so some people wanted to know how he managed to get into Yale and what his GPA was. I believe Kerry’s transcripts were also leaked. The demand for Obama to release his Columbia transcripts is the new face of the birther movement; started by some random guy who claims he never saw Obama on the Columbia campus.
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