Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill. Rich, 68, a Grammy-nominated songwriter and glossy figure in Democratic and European royalty circles, renounced her American passport in November, according to her lawyer.


So another liberal who is generous with other peoples money isnt quite so generous with their own.

hypocrite Wrote:
-------------------------------------------------------
> Denise Rich, the wealthy socialite and former wife
> of pardoned billionaire trader Marc Rich, has
> given up her U.S. citizenship - and, with it, much
> of her U.S. tax bill. Rich, 68, a
> Grammy-nominated songwriter and glossy figure in
> Democratic and European royalty circles, renounced
> her American passport in November, according to
> her lawyer.
>
>
> So another liberal who is generous with other
> peoples money isnt quite so generous with their
> own.

Why is Romney hiding millions overseas?

Last time I checked Romney was a U S citizen and wasnt renouncing his citizenship to avoid taxes altogether. He also paid six million dollars in taxes last year while Miss Rich, how appropriate a name, will pay zero.

Obama also sheltered lots of bucks in trust fund, tax free. Dont see you pointing that out. But then again you wouldnt would you?

your answer Wrote:
-------------------------------------------------------
> Last time I checked Romney was a U S citizen and
> wasnt renouncing his citizenship to avoid taxes
> altogether. He also paid six million dollars in
> taxes last year while Miss Rich, how appropriate a
> name, will pay zero.

Miss Rich is not running for president. America is a free country you are free to leave, so be it. But why does Romeny have loyalties over seas? Why not trust American banks? What foreign influences are controlling Romney, LDS Church?


> Obama also sheltered lots of bucks in trust fund,
> tax free. Dont see you pointing that out. But then
> again you wouldnt would you?

Same standards, please point out any offshore accounts that Obama has, I would like to point those out too.

profffdd Wrote:

> Miss Rich is not running for president. America
> is a free country you are free to leave, so be it.
> But why does Romeny have loyalties over seas?
> Why not trust American banks? What foreign
> influences are controlling Romney, LDS Church?


"Miss Rish is a dem therefor I support anything she does. We liberals hate America and always have double standards for anything. As long as it is done by a Dem we support it 100 percent and will continue to blindly follow the party as long as they keep promising to give us other peoples money so we dont have to work. Independent thought and logical reasoning is beyond our mental abilities."

Fixed it for you

profffdd Wrote:
-------------------------------------------------------

>
> Same standards, please point out any offshore
> accounts that Obama has, I would like to point
> those out too.


Just as an example, Obama has a 529 plan invested in Calvert Equity Portfolio (see page 3 here):

http://www.whitehouse.gov/sites/default/files/president_obama_2011_oge_form_278_certified.pdf

Calvert holds, among others, China Environment Fund III, L.P. (Chinese) and Ignia Fund I Lp (Mexican).

http://www.calvert.com/fundHoldings.html?t=2&fund=919

He also owns many oil and coal companies, evil financial instutions, hedge funds, etc., etc. His IL State Pension Plan holds foreign securities to the tune of $1.5 billion and plays those nasty derivatives and CMOs.

And yes, this is a bullshit way of looking at things but it's the same kind of bullshit that they're counting for Romney.

Read 'em 'n Weep Wrote:
-------------------------------------------------------
> profffdd Wrote:
> --------------------------------------------------
> -----
>
> >
> > Same standards, please point out any offshore
> > accounts that Obama has, I would like to point
> > those out too.
>
>
> Just as an example, Obama has a 529 plan invested
> in Calvert Equity Portfolio (see page 3 here):
>
> http://www.whitehouse.gov/sites/default/files/pres
> ident_obama_2011_oge_form_278_certified.pdf
>
> Calvert holds, among others, China Environment
> Fund III, L.P. (Chinese) and Ignia Fund I Lp
> (Mexican).
>
> http://www.calvert.com/fundHoldings.html?t=2&fund=
> 919
>
> He also owns many oil and coal companies, evil
> financial instutions, hedge funds, etc., etc. His
> IL State Pension Plan holds foreign securities to
> the tune of $1.5 billion and plays those nasty
> derivatives and CMOs.
>
> And yes, this is a bullshit way of looking at
> things but it's the same kind of bullshit that
> they're counting for Romney.

Those are diversified funds, everyone has money floating overseas in these funds. Romney has liquid cash overseas.Investments are not cash accounts. Try again. I would really like to know. Obama should divest from all overseas investments.

what you are really saying Wrote:

>
> "Miss Rish is a dem therefor I support anything
> she does. We liberals hate America and always
> have double standards for anything. As long as it
> is done by a Dem we support it 100 percent and
> will continue to blindly follow the party as long
> as they keep promising to give us other peoples
> money so we dont have to work. Independent
> thought and logical reasoning is beyond our mental
> abilities."
>
> Fixed it for you

YOU are a TARD.

She's not saving taxes. She's going to pay more to her new tax home on a percentage basis since both Austria and UK have much higher top marginal rates at 50 percent. If she stayed in the US, she would pay less in taxes. Romney had an effective federal tax rate of 15 percent.

This pissing match is kinda funny considering it was the Republicans that blocked a bill in Congress back in 1995 that would have provided for an expatriation tax.

Fucking hypocrites.

Its not going to the U S thats for sure. The point is liberals are very generous with my money but when it comes to their own its hands off. See the Kennedys for example. Or better yet John Kerry who moored his million dollar yacht in Rhode Island to avoid outrageous taxes in his own state of Massachusetts. But thats right he didnt know anything about it right? Tard.

counter point Wrote:
-------------------------------------------------------
> Its not going to the U S thats for sure. The point
> is liberals are very generous with my money but
> when it comes to their own its hands off.

Is that really the point? Or is the point that she sold her NYC penthouse and her primary residence is now London. That while she may still own property in the US, she owns property pretty much everywhere. Should you pay taxes to the country that holds your citizenship? Or the country in which you live?

liquid Wrote:
-------------------------------------------------------
> Read 'em 'n Weep Wrote:
> --------------------------------------------------
> -----
> > profffdd Wrote:
> >
> --------------------------------------------------
>
> > -----
> >
> > >
> > > Same standards, please point out any offshore
> > > accounts that Obama has, I would like to
> point
> > > those out too.
> >
> >
> > Just as an example, Obama has a 529 plan
> invested
> > in Calvert Equity Portfolio (see page 3 here):
> >
> >
> http://www.whitehouse.gov/sites/default/files/pres
>
> > ident_obama_2011_oge_form_278_certified.pdf
> >
> > Calvert holds, among others, China Environment
> > Fund III, L.P. (Chinese) and Ignia Fund I Lp
> > (Mexican).
> >
> >
> http://www.calvert.com/fundHoldings.html?t=2&fund=
>
> > 919
> >
> > He also owns many oil and coal companies, evil
> > financial instutions, hedge funds, etc., etc.
> His
> > IL State Pension Plan holds foreign securities
> to
> > the tune of $1.5 billion and plays those nasty
> > derivatives and CMOs.
> >
> > And yes, this is a bullshit way of looking at
> > things but it's the same kind of bullshit that
> > they're counting for Romney.
>
> Those are diversified funds, everyone has money
> floating overseas in these funds. Romney has
> liquid cash overseas.Investments are not cash
> accounts. Try again. I would really like to know.
> Obama should divest from all overseas
> investments.

Which again is exactly the kind of thing that they're counting for Romney. Go look at the details. His investments largely are held in a blind trust (i.e., not controlled by him) which invests in other entities in exactly the same way as a mutual fund and which includes various funds that they've pulled things like the "Cayman fund" from as examples of his "offshore" holdings.

Here, for example, are the "shady" details of the infamous Swiss Bank Account (as reported by the NYT no less). It was not in any way any sort of tax avoidance or money-hiding strategy.

"Mr. Malt, who manages the family’s blind trusts, said Tuesday in a conference call that he had opened the account with the United Bank of Switzerland in 2003 and closed it in 2010. The account was reported to the United States government; the interest it accrued in 2010, about $1,700, was reported on tax documents the campaign released this week.

Mr. Malt said the account was opened “for diversification.”

“It is a bank account, nothing more, nothing less,” Mr. Malt said. “An ordinary bank account.”

During Mr. Romney’s first presidential campaign, he and his wife, Ann Romney, reported the Swiss account among five assets not contained within the couple’s sprawling trusts, according to a personal financial disclosure form Mr. Romney filed and signed in 2007. The value of the account, described on the form as a money-market savings account, was listed as between $1 million and $5 million. Four other checking and savings accounts, all with Bank of America, held the balance of the couple’s liquid assets.

Mr. Romney’s campaign told The New York Times on Wednesday that the 2007 form was incorrect and that the account should have been listed among the dozens of other investments and holdings in the family’s trusts. A campaign official said an amendment would be filed to the form.

Mr. Malt, acknowledging that the Swiss account held the potential to cause political headaches for Mr. Romney, said that he had closed the account as part of his normal periodic reviews of the family’s assets.

“I decided that this account wasn’t serving any particular purpose,” Mr. Malt said. “It might or might not be consistent with Governor Romney’s political views — you know, again, the taxes were all fully paid, etc. It just wasn’t worth it. And I closed the account.”

Genevieve Wrote:
-------------------------------------------------------

> Is that really the point? Or is the point that
> she sold her NYC penthouse and her primary
> residence is now London. That while she may still
> own property in the US, she owns property pretty
> much everywhere. Should you pay taxes to the
> country that holds your citizenship? Or the
> country in which you live?

She will be using more serivices from the UK, it makes sense for her to pay taxes there.

However, this someone who was so involved in Democrat fundraising and for someone whose fugitive financier ex-hubby got a very questionable pardon from Eric Holder and the Clinton adminsitration.

I don't mind her leaving the US, I mind her coming back.

Obama Campaign Bundler Helps Felons Exploit Offshore Tax Breaks


A major campaign “bundler” for President Barack Obama’s re-election campaign has helped convicted and alleged financial criminals navigate offshore tax loopholes in the US Virgin Islands, The Daily Caller has learned.

Marjorie Rawls Roberts, who has pledged to raise between $100,000 and $200,000 for President Obama’s 2012 campaign, has faced heat in recent months after news reports confirmed that she helps her wealthy clients navigate the kinds of offshore tax benefits the president has publicly criticized. And now The Daily Caller has learned exactly who some of those wealthy clients are.

Roberts helped recently convicted $7 billion ponzi schemer R. Allen Stanford with his application for tax benefits from the US Virgin Islands Economic Development Corporation. Those benefits permit recipients to avoid paying some -- or all -- of their taxes, as long as they live in the US territory for the majority of a given tax year and fulfill certain financial and development obligations to the local economy.

The Virgin Islands Daily News reported that Stanford applied for those tax breaks in 2006, and that the territory’s current governor, Democrat John de Jongh, approved the application after taking office in 2007.

Stanford, who was convicted of defrauding 30,000 of his investors with bogus investments in his Antiguan bank while living a lavish lifestyle from the spoils of his scheme, owes hundreds of millions in back taxes. In early 2009, the Associated Press reported that the federal government placed four tax liens against Stanford, totaling about $212 million, between 2007 and 2008.

Attorney General Eric Holder praised Stanford’s conviction during a March 2012 Senate Appropriations Subcommittee hearing. “Just this week, we secured a conviction against the former board of directors’ chairman for an international bank [Stanford Financial Group], orchestrating a $7 billion investment fraud scheme,” Holder said in his testimony.

Even so, the Obama re-election campaign continues to accept bundled donations from the tax attorney who helped Stanford navigate the Virgin Islands’ tax loopholes...

In addition to helping wealthy clients navigate tax loopholes in the Virgin Islands, Roberts has been a major financial supporter of New York Democratic Rep. Charlie Rangel. Rangel has fought to ease IRS tax pressures on Americans in the US Virgin Islands.

^^^^
when democrats do it then it is ok got it? Doesnt matter how they manipulated currency if you support obama all is well
Attachments:

Oopppsss Wrote:
-------------------------------------------------------
> Obama Campaign Bundler Helps Felons Exploit
> Offshore Tax Breaks
>

So now the standard is whether your donor, bundler or supporter has ever done business with those who violated the laws? How many Republican candidates could stand up to that level of scrutiny?

I am not aware of anything which links Roberts either to the issues giving rise to Stanford's tax liens or to Stanford's criminal conduct. BTW a quick check of those who received political donations from Stanford (read it on the internet so it must be true) supposedly include:
-National Republican Congressional Committee
-Republican National Committee
-National Republican Senatorial Committee
-John Boehner
-John McCain
-Kay Bailey Hutchinson
-Pete Sessions
-John Cornyn
-Richard Shelby
Like many at his level he donated to both sides, including to Obama's 2008 campaign, Chris Dodd and to Harry Reid. One source I've seen suggests that Stanford related entities, which may include employees, gave about twice as much to Democrats as Republicans.

I'm sure that if you looked you'd find many of the Dems in Congress, who I think still comprise something like 7 out of 10 of the most wealthy members, have the same sorts of investments.

Her husband is a real winner too. Traded with the Iranians, indicted, bailed to Switzerland, his wife had to pay off Clinton with a deal to complete his library in return for a pardon for the scumbag and he's never returned .

Marc Rich (born Marcell David Reich; December 18, 1934) is an international commodities trader and entrepreneur.[1] He is best known for founding the commodities company Glencore. He was indicted in the United States on federal charges of tax evasion and illegally making oil deals with Iran during the Iran hostage crisis. He was in Switzerland at the time of the indictment and has never returned to the U.S.[2] He received a presidential pardon from U.S. President Bill Clinton on 20 January 2001, Clinton's last day in office.