"The Internet is like a herd of performing elephants with diarrhea: massive, difficult to redirect, awe-inspiring, entertaining, and a source of mind-boggling amounts of excrement when you least expect it" - I wish I had said this.
Oh boy:
http://www.washingtonpost.com/blogs/...washingtonpost
As one of the wealthiest candidates to run for president in recent times, Romney has used a variety of techniques to help minimize the taxes on his estimated $250 million fortune. In addition to paying the lower tax rate on his investment income, Romney has as much as $8 million invested in at least 12 funds listed on a Cayman Islands registry. Another investment, which Romney reports as being worth between $5 million and $25 million, shows up on securities records as having been domiciled in the Caymans.
Official documents reviewed by ABC News show that Bain Capital, the private equity partnership Romney once ran, has set up some 138 secretive offshore funds in the Caymans.
Tax experts agree that Romney remains subject to American taxes. But they say the offshore accounts have provided him — and Bain — with other potential financial benefits, such as higher management fees and greater foreign interest, all at the expense of the U.S. Treasury. Rebecca J. Wilkins, a tax policy expert with Citizens for Tax Justice, said the federal government loses an estimated $100 billion a year because of tax havens.
[Jack] Blum, the D.C. tax lawyer, said working through an offshore investment vehicle allows the investor to “avoid a whole series of small traps in the tax code that ordinary people would face if they paid tax on an onshore basis.”
Wilkins agreed, saying the “primary advantage to setting those funds up in an offshore jurisdiction like the Cayman Islands or Bermuda is it helps the investors avoid tax.”
“It helps U.S. investors avoid U.S. tax,” said Wilkins, “it helps foreign investors avoid taxes in their home country, so it’s not illegal or improper to set those funds up in a foreign jurisdiction, but it makes it more attractive to investors because it helps them avoid paying taxes on that income.”
Also: http://abcnews.go.com/Blotter/romney...ry?id=15378566
That hurts.
What would A World Without Lawyers be like?
So, the primary in S.C. is in a few days. You have a state that has some of the highest unemployment going on.....and this breaks. Newt, Ron and the Ricks are probably getting ready to talk on this over and over again.
It appears that there were some vote miscounts in Iowa, and that means Romney isnt the first GOP candidate to win the back to back primary/caucus races like they were trumpeting before.
Santorum wins now in a statistical tie , Paul still a statistical second. Less than 4k vote margin between santorum/romney and Paul.
Wonder if this will be reported by the big networks or just ignored like they often do?
http://www.delawareonline.com/articl...%7Ctext%7CHome
New Iowa tally: Santorum 34 votes ahead of Romney
TOTALS
Rick Santorum: 29,839
Mitt Romney: 29,805
Ron Paul: 26,036
Newt Gingrich: 16,163
Rick Perry: 12,557
Michele Bachmann: 6,046
Jon Huntsman: 739
Others: No preference, 147; Herman Cain, 45; Sarah Palin, 23; Buddy Roemer, 17; Fred Karger, 10; Gary Johnson, 8; Donald Trump, 5; Paul Ryan, 3; Condoleeza Rice, 2; Roy Moore, 2; Ben Lange, 2; Mike Huckabee, 2; Rudy Giuliani, 2; Tim Pawlenty, 2; Scott Walker, 1; John McCain, 1; Ralph Nader, 1; Pat Buchanan, 1; Robert D. Ray, 1; Jared Blankenship, 1.
Conservatives cant trust Republicans
Chuck Todd is talking about it right now on Morning Joe how quickly this changes Romney from potentially going 3-0 to 1-2 with the win coming from the least conservative state of the 3.
Conservatives cant trust Republicans
Conservatives cant trust Republicans
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“These are the ideas that people come to America to get away from.”Rubio
How should society view a cure for a ailment of limited duration that takes another's life to 'cure'?
It is useless for the sheep to pass resolutions in favor of vegetarianism while the wolf remains of a different opinion. ...Dean Inge
We're all here because
we're not all there
the plot thickens, makes me wonder who won in those 8 missing precincts
Santorum finished 34 votes ahead of Romney in new Iowa tally; votes from 8 precincts missing
http://www.washingtonpost.com/politi...RAQ_story.html
Conservatives cant trust Republicans
Apparently Romney has now called Santorum and conceded Iowa.
Last edited by visionary; January-19th-2012 at 01:53 PM.
Santorum should have declared himself the winner when he had the chance.
Formerly known as "Liberty"
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