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Samantha

(9,314 posts)
20. I asked that question here back in July
Mon Sep 24, 2012, 10:57 PM
Sep 2012

Here are two paragraphs from my thread on the 15th:

"It could possibly happen if that candidate declared to the IRS he or she made a nominal amount of income for a person in the wealthiest one-percent of Americans. That amount might be possibly $100,000. The balance of funds this individual realized during the current calendar tax year is in the millions of dollars. When added to the previous eight tax years, the total is a gazillion million dollars. In each of those tax years, the untaxed portion was investment income. The investment profit was sheltered using the carried-over interest provision in the tax code. There are clues which suggest this is a pattern of conduct habitually practiced.

It has been publicly reported that a number of extremely well-to-do individuals have millions of dollars in off-shore tax shelters, such as the Cayman Islands, Swiss banks, perhaps even Bermuda. These individuals have proposed bringing the millions home if the U.S. Government will agree to tax the monies at a rate not to exceed five percent."

http://www.democraticunderground.com/1002955339

The group that wants to bring the money "home" will only do so if the U.S. Government does not tax it at a rate higher than 5 percent -- can you believe that?

Sam

tax evasion, schmax evasion.... mike_c Sep 2012 #1
Except when he is orange isn't High Definition great? gordianot Sep 2012 #7
hoping interest in this spreads!!! robinlynne Sep 2012 #2
I like the sound of that "barely escaped prison." Does sound kind of presidential. dimbear Sep 2012 #3
So true Sophiegirl Sep 2012 #4
lol Cha Sep 2012 #10
Draft Dodger and a Tax Dodger Berlum Sep 2012 #5
And vote frauder NBachers Sep 2012 #14
This is a poorly written article. jerseyjack Sep 2012 #6
What the public eye hates is a tax cheat and tap dancing amnesty taking merchant of Bluenorthwest Sep 2012 #8
some better articles on the subject here.... trailmonkee Sep 2012 #9
Are you familiar with the 2009 Tax amnesty program? Ash_F Sep 2012 #12
The point is that humbled_opinion Sep 2012 #15
That doesn't sound like true falsifiability to me. BadgerKid Sep 2012 #11
It's something that RMoney can easily put to bed tavalon Sep 2012 #17
there is most certainly a list of amnesty takers... trailmonkee Sep 2012 #25
The Other Issue in the Tax Returns chuckstevens Sep 2012 #13
I wonder if a copy of that UBS list of tax cheats could be obtained aint_no_life_nowhere Sep 2012 #16
It's important to remember that many people believe Grammy23 Sep 2012 #18
I think I smell a rat sellitman Sep 2012 #19
I asked that question here back in July Samantha Sep 2012 #20
tnx trailmonkee Sep 2012 #22
I think Harry Reid might know someone who knows, and who told him, but he can't say. MADem Sep 2012 #21
2008, 2009 financial disclosure nycbiscuit Sep 2012 #23
You know Cantaloupe Man did! We all do. nt valerief Sep 2012 #24
Locking, sorry, this is not breaking news, but speculation/analysis. Rhiannon12866 Sep 2012 #26
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