Aggregator • Wake up America • ID=79432
By Susan Duclos
Alright then, let's go there, lets admit to our candidates dirtiest, darkest secrets.
MITT ROMNEY IS RICH!!!
Romney ran Bain Capital, which is a venture capitalist company, long story short, they invested in failing businesses in an attempt to turn them around to make investors money.
OMG, they are guilty of such a crime, they actually determined what companies to try to save by how much money they could potentially make for their investors if they could save it!
Which, of course, was their job.
Here is another deep dark secret Liberals are screaming about. Rich people actually use the methods made available to them by IRS to limit how much they have to pay the government for the right to work hard for their money. Rich people pay nearly 70 percent of all income taxes, according to the CBO, even as they find loopholes and deductions to attempt to keep as much of the money they earned from being taken by the U.S. Government.
The Liberal poster boy for the rich, Warren Buffet, says he pays less than his secretary and while there are are conflicting stories on that, if true, he does the same thing as Liberals are screeching about Romney doing.
The difference between Mitt Romney and Warren Buffet, other than Romney is the GOP candidate and Buffet is the liberals token rich guy?
Romney actually paid his taxes. Buffet, not so much, he still owes IRS nearly a billion dollars in back taxes.
Then the latest blaring headline by scared liberals, Mitt Romney has a Swiss bank account? DNC Chair Debbie Wasserman whatshername, whatever, she says "Americans need to ask themselves, why does an American businessman need a Swiss bank account and secretive investments like that? It's just something, a thought that I'd like to leave folks with."
Well, okay. Maybe Americans also need to ask why Dear Debs held funds with investments in Swiss banks, foreign drug companies, and the state bank of India....
Or why thousands of Americans, many not rich, also hold funds in Swiss bank accounts.
Do you know who else once had a Swiss bank account? I mean, besides Hitler? Various U.S. military veterans, dual-national citizens who haven't lived or worked in America for decades, and panicked retirees who are trying to cope with new tax rules imposed capriciously by a revenue-hungry Congress and president in 2010. Thousands of such Americans are getting bounced out of their existing Swiss accounts and denied new ones, even if they live and work in Geneva for one of the city's many international non-governmental organizations.
You can read dozens of their testimonies in this April 2012 letter [PDF] to the Internal Revenue Service from American Citizens Abroad, including this story from an American retiree who has lived in Geneva (where he worked at the U.S. secretariat for the United Nations' International Labor Office) for all but four years since 1973:
Just since the beginning of the year, I have been informed by one of Switzerland's two largest banking institutions that due to the fact that I am an American, I had to divest myself of all my investment holdings in their financial institution. Another bank agreed to accept my investments; then, just this month, on the day that I went to sign the papers, I was informed that the authority to do this had been withdrawn. Meanwhile back in the U.S., a large insurance company with whom I have been dealing since the early 1960s appears to be resisting changes in the composition of an IRA portfolio that I established with them upon retirement at the end of 2002. [...]I feel that I now am being squeezed between my country of citizenship and my country of residence and they are forcing me to choose my mattress as the only site where I can place my savings. I am an American who loves my country. I always have filed my U.S. income tax return as well as the [Report of Foreign Bank and Financial Accounts], which now seems to be so much in the news. I do not understand why my government is treating me this way.The gruesomely acronymned Foreign Account Tax Compliance Act (FATCA) essentially outsources overseas IRS collections (the U.S. being one of the only countries to tax based on passport, not just residency) to any foreign financial institution crazy enough to let Americans hold an account. As I wrote in April, and as you can see in testimonies all over the Internet, the stone-predictable outcome is that banks in Switzerland (and Europe, and anyplace where governments are "friendly" with Washington) are shuttering not just Americans' accounts, but accounts of expatriate Europeans living and working in the United States.
All because the U.S. government does not respect limitations on its ability to squeeze money out of citizens, and because there will never be a shortage of Beavis and Butthead-quality political hacks like Robert Gibbs eager to go on the weekend chat shows to impersonate a populist (at least when it's not his client being accused of bottomless wealth).
So much for that meme.
Those are Mitt Romney's deep dark secrets, he worked hard for his money, he paid his taxes while taking advantage of the rules of IRS to itemized, deduct and he has money is Swiss bank accounts.
Here is another secret, Romney has been in the business world, did very good there, made tons of money, invested and made more, has experience in taking failing companies that are losing money and turning them around into moneymaking operations.
Sounds to me like if Romney applied those basic concepts to America's failing economy, jobs would be created, the economy would start growing again, unemployment would go down, America could get it's AAA credit rating back, less people would be forced onto welfare and more people would be standing on their own two feet trying to live the American dream as Romney is doing.
That is what Liberals are truly petrified about.
So, Conservatives, join in, say it loud and say it proud..... MITT ROMENY IS RICH!!!
Note- According to Gallup, 63 percent of Americans, want to be rich too.