2012 Presidential Election (free for all edition)

[mlmpetert]

Originally Posted by Chico23231

So its ok when the wealthy cheat on taxes, but its not ok 51% dont pay? Under the same logic, if the poor cheat on taxes, your good with that too? So if its a tax free for all, your good with fraud in medicare, welfare claims, and general social services, because thats just money politicians are hoarding and spending for their own gain? Its stealing from services that support our country!

If the story is true about the Bermurda money not claim, then thats flat out tax evasion. The Caymen island accounts is just so typical of a money whore rich american.

From the Yahoo! link above i dont see any reference to fraud or tax evasion or doing something illegal? Is what Mitt did just publicly distasteful, or could this be truely construed as tax evasion?

[Chico23231]

Originally Posted by mlmpetert

From the Yahoo! link above i dont see any reference to fraud or tax evasion or doing something illegal? Is what Mitt did just publicly distasteful, or could this be truely construed as tax evasion?

The United States is unlike other countries in that, with some exceptions, its citizens are subject to U.S. tax on their worldwide income no matter where in the world they reside. Although there are some offshore bank accounts that advertise as tax havens, U.S. law requires reporting of income from those accounts, and willful failure to do so constitutes tax evasion.

[firstdown]

Originally Posted by Chico23231

The United States is unlike other countries in that, with some exceptions, its citizens are subject to U.S. tax on their worldwide income no matter where in the world they reside. Although there are some offshore bank accounts that advertise as tax havens, U.S. law requires reporting of income from those accounts, and willful failure to do so constitutes tax evasion.

Once again he claimed this on his 2010 2011 tax return that the article linked to this subject.