Obama's Swiss banks

It's an interesting discussion - do his documents show all legal actions, there's no way to know unless he releases them, etc. But even all that aside, is what is in those documents politically survivable? My feeling is they don't believe it is because they are more willing to take the ongoing hit and ongoing attention for NOT releasing them, than they are to just release them and take whatever shit comes from that.

I view it as kind of a no-brainer.
 
Yurt said:
romney claims he has paid all applicable taxes for his money in the swiss banks. it is not illegal to put your money in swiss banks, so long as you pay your taxes. so no, not everyone who puts their money there does so for the purpose of illegally avoiding taxes.

and onus is not on romney to prove his innocence. the irs has never made a claim against him as far as i know. and they have been cracking down hardcore in recent years.
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PostmodernProphet said:
logically because income earned abroad is not taxable in the US unless it is paid into the US......
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PostmodernProphet said:
????......have you ever heard of dividends or interest?......
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Dividends and interest are passive income. It's not "earned". Romney did not pay taxes on his hidden money, that's why people hide it. duh!
 
Aoxomoxoa said:
That is the usual reason, unless you know different.
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Because the Swiss are known for a very stable economy, a strong banking sector, steady solid performance of investment accounts.

As long as he reported the accounts, then it is stupid to harp on his investing there vs. anyone here in the US that has a mutual fund invested that is international or global (as many of them are actually run out of Hong Kong or London or Frankfurt... even though the parent company is American)
 
Darla said:
It's an interesting discussion - do his documents show all legal actions, there's no way to know unless he releases them, etc. But even all that aside, is what is in those documents politically survivable? My feeling is they don't believe it is because they are more willing to take the ongoing hit and ongoing attention for NOT releasing them, than they are to just release them and take whatever shit comes from that.

I view it as kind of a no-brainer.
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For once, you are right... which given that it is a no-brainer, makes sense that even you could get it right.

It all boils down to whether or not he had been reporting the accounts. If he had, then he did everything correctly. If not, then he is done. Until he produces his returns showing which is correct, more and more people will rightfully assume it was the latter.


vote Johnson.
 
Superfreak said:
For once, you are right... which given that it is a no-brainer, makes sense that even you could get it right.

It all boils down to whether or not he had been reporting the accounts. If he had, then he did everything correctly. If not, then he is done. Until he produces his returns showing which is correct, more and more people will rightfully assume it was the latter.


vote Johnson.
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You finally said something that made me laugh chuckles! You have been such a dark cloud lately I thought you were diagnosed with a brain tumor or something! But I guess that would be a pretty small tumor in your case!
 
j-mac said:
the evil rich guy hiding money from tax
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it isn't a question of "hiding" it from tax...its simply not subject to US taxes until the interest is transferred to the US....there's nothing illegal about it....I read recently that the head of the DNC who made the complaint about Romney's Swiss accounts also has funds overseas.....
 
Onceler said:
Yeah, but according to Yurt, it's consistent for Romney, because he has always advocated paying the least amount of taxes possible. He'd have everyone find a way to avoid paying taxes if he could. He'd probabaly eliminate taxes completely.
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obviously.....who wouldn't?.........I consider it a moral obligation to keep as much money away from Washington as we legally can....
 
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Howey said:
Dividends and interest are passive income. It's not "earned". Romney did not pay taxes on his hidden money, that's why people hide it. duh!
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Romney did not pay taxes on interest earned on a Swiss savings account until that interest was transferred to the US.....that's how the law works......I expect you actually knew that but thought your comment would carry more traction if you posted what you did.....that's why I consider you a dishonest poster, liberal......
 
Darla said:
Are you for real? Obama actually released his birth certificate (and his tax returns btw) and Romney has refused to let anyone see his tax returns. I really don't know what planet you people are on? It is amazing to me.
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And Romney released his 2010, and 2011 returns...So I guess we are even.
 
j-mac said:
How are your feelings here any different from a birther against Obama?
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It was pretty much a given that Obama was born in Hawaii given where both his parents (especially his mother) were located when he was born.

Romney's tax records are a different story. It is most certainly not apparent whether he had reported his foreign accounts or not as he is required to do. It makes the issue of tax avoidance relevant until he shows otherwise. No amount of research will show us the truth. Whereas you could put the pieces together for Obama. That said, Obama should have just ended that controversy out of the gate by producing the birth certificate. I think he dragged it out to see how foolish he could make the extreme right look.
 
Superfreak said:
It was pretty much a given that Obama was born in Hawaii given where both his parents (especially his mother) were located when he was born.

Romney's tax records are a different story. It is most certainly not apparent whether he had reported his foreign accounts or not as he is required to do. It makes the issue of tax avoidance relevant until he shows otherwise. No amount of research will show us the truth. Whereas you could put the pieces together for Obama. That said, Obama should have just ended that controversy out of the gate by producing the birth certificate. I think he dragged it out to see how foolish he could make the extreme right look.
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Can you blame him for wanting to show the RW loonies up for what they are??
 
PostmodernProphet said:
Romney did not pay taxes on interest earned on a Swiss savings account until that interest was transferred to the US.....that's how the law works......I expect you actually knew that but thought your comment would carry more traction if you posted what you did.....that's why I consider you a dishonest poster, liberal......
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Swiss interest rates are amongst the lowest in the world, I doubt that anybody would deposit money there for the sole reason of earning interest.
 
Superfreak said:
It was pretty much a given that Obama was born in Hawaii given where both his parents (especially his mother) were located when he was born.

Romney's tax records are a different story. It is most certainly not apparent whether he had reported his foreign accounts or not as he is required to do. It makes the issue of tax avoidance relevant until he shows otherwise. No amount of research will show us the truth. Whereas you could put the pieces together for Obama. That said, Obama should have just ended that controversy out of the gate by producing the birth certificate. I think he dragged it out to see how foolish he could make the extreme right look.
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I disagree with you, but to be more clear, I disagree with BAC.

I think he got fucking pissed off that no white man would ever be asked such bullshit, or accused of being foreign-born and Muslim, etc. It was blatant racism and it infuriated him. I understand totally how he felt. Believe me. And I don't fault him for thinking, screw you bastards, I'm not jumping through hoops. The certificate he originally released, which by the way let's not forget Hawaiin officials publically verified, was enough. It would have been enough for any white person.
 
Aoxomoxoa said:
Swiss interest rates are amongst the lowest in the world, I doubt that anybody would deposit money there for the sole reason of earning interest.
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Um, they also have the ability to invest in ANY currency they wish. Many investors go to them to manage among the different rates and currencies throughout the world. They have a good track record of doing so.
 
Darla said:
I disagree with you, but to be more clear, I disagree with BAC.

I think he got fucking pissed off that no white man would ever be asked such bullshit, or accused of being foreign-born and Muslim, etc. It was blatant racism and it infuriated him. I understand totally how he felt. Believe me. And I don't fault him for thinking, screw you bastards, I'm not jumping through hoops. The certificate he originally released, which by the way let's not forget Hawaiin officials publically verified, was enough. It would have been enough for any white person.
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Well obviously this was not a no-brainer, for once again you are wrong.

McCain went through the same thing back in 2000, because he was born in Panama. He had to provide his birth certificate as well. So the claim that the request was racist, is blatantly WRONG.

To be clear, I am not saying their was no racism involved in the whole frenzy that developed afterward about being Muslim and born in Kenya, but in the initial request, it was not.
 
Just an FYI - McCain never produced his birth certificate. Never happened. And McCain was born in Panama so it's not like there were not good grounds to request it whereas Obama was born in the United States.
 
General Buck Turgidson said:
Just an FYI - McCain never produced his birth certificate. Never happened. And McCain was born in Panama so it's not like there were not good grounds to request it whereas Obama was born in the United States.
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1) McCain did indeed produce it in 2000 to a Washington Post reporter.

2) There were questions as to whether Obama was born in Hawaii or not, that is what led to the request. While I agree the whole birther thing was absurd, it is not asking much of a Presidential candidate to confirm they are natural born if there is any question regarding the matter by any citizen. It is not an undue hardship to produce a birth certificate.
 
Superfreak said:
1) McCain did indeed produce it in 2000 to a Washington Post reporter.

2) There were questions as to whether Obama was born in Hawaii or not, that is what led to the request. While I agree the whole birther thing was absurd, it is not asking much of a Presidential candidate to confirm they are natural born if there is any question regarding the matter by any citizen. It is not an undue hardship to produce a birth certificate.
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(1) McCain produced a copy to a single Washington Post reporter. It was not publicly released or made available to any other person. And we don't know whether that was a certified copy like Obama produced or a copy of a copy. I don't consider that anywhere close to what was required of Obama.

(2) There were no legitimate questions as to where Obama was born.
 
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