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#1 | |
Nomadic Tribesman
Join Date: Nov 2008
Location: Brampton, Canada
Moto: '09 ER-6n
Posts: 11,150
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__________________
"Everything's better with pirates." - Lodge, "Dorkness Rising" http://www.morallyambiguous.net/ |
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#2 | |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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If the offshore account earns 2%, he's earning 2% instead of the 2% - (2% * 0.38) he'd earn in the US. Which means 2% instead of 1.2%. Last edited by Homeslice; 01-19-2012 at 02:35 PM.. |
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#3 |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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Whats with all this fucking math bullshit?
I don't visit this forum for fucking math. |
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#4 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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#5 |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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I have one question for Romney.
"Hey brah...do you support the right of the people to teabag?" |
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#6 |
giggity
Join Date: Nov 2008
Location: socal
Moto: street, sumo & dirty
Posts: 1,071
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What? You don't pay income tax on your wealth, you pay it on your income. Uninvested funds don't earn income, so you're not "making" 38% on anything.
Frankly, I'd be less inclined to vote for him if he was paying 40% on his investment portfolio, because it would show a lack of understanding of the tax system. |
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#7 | |
Nomadic Tribesman
Join Date: Nov 2008
Location: Brampton, Canada
Moto: '09 ER-6n
Posts: 11,150
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__________________
"Everything's better with pirates." - Lodge, "Dorkness Rising" http://www.morallyambiguous.net/ |
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#8 |
giggity
Join Date: Nov 2008
Location: socal
Moto: street, sumo & dirty
Posts: 1,071
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#9 |
Nomadic Tribesman
Join Date: Nov 2008
Location: Brampton, Canada
Moto: '09 ER-6n
Posts: 11,150
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Speculating, with as much information as you have.
__________________
"Everything's better with pirates." - Lodge, "Dorkness Rising" http://www.morallyambiguous.net/ |
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#10 | ||
Follower
Join Date: Nov 2008
Posts: 5,549
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Quote:
According to TWFix... Anybody making over $375k or worth over $1 million: Made their money without paying taxes. Hide their wealth in offshore accounts. Have been known to renounce citizenship to avoid taxation. They also rape babies and infected your Grandmother with AIDS.
__________________
Racing For Smiles |
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