TheresMyFriend: You asked, and I automatically think of Obama, and that probably being part of his "slush" fund.
You asked, and that is my opinion!
~JOHN~
No grand prize for you John. I'm pretty sure you're gonna vote for Romney in November, what baffles me is why an average working guy like you would want a multi millionaire like Mitt who managed to sneak 20 to 100 million dollars into his IRA. At his income level, by law he's only allowed to put $30,000 a year into his IRA to get to 100 million would take 3,333 years at that rate. NOBODY makes those kinds of returns on investments without a lot of inside information. Trading on inside information is very illegal, it is a violation of "Regulation FD" of the SEC. And it's a felony.
Boban1: yep I read about it but the point is actually avoiding taxes on profit
There is a right way and a wrong way to reduce your tax burdan. Ordinary people, the ones who can't afford a staff of full time accountants and tax lawyers, either fill out their own tax returns as best they can, or go to a tax preparation store at the mall. They wind up paying the highest tax rate. The irony is, that these same mega rich are the ones who squeel the loudest about cutting bloated defense spending, but they are unwilling to help pay for it by cheating on their taxes when they hide their income in the Bahamas.
Report threads that break rules, are offensive, or contain fighting. Staff may not be aware of the forum abuse, and cannot do anything about it unless you tell us about it. click to report forum abuse »
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
Who do you think of when you read that headline? If you answered Mitt Romney, You get the Grand prize.