Tuesday, July 10, 2012

Blowing Off Political Steam ~ Where Mitt Romney Keeps His Money


I know, I know, this ain't a political blog but sometimes u just gotta put it out there...


Illinois Senator Dick Durbin says there are only two reasons why one would want to hold a Swiss bank account: “Number one, you believe the Swiss franc is a stronger currency than the United States dollar. And that apparently was the decision the Romney family made during the Bush presidency.”

“And secondly, you want to hide something, you want to conceal something,” he said. “It is impossible for him to explain or defend owning a Swiss bank account.”

2 comments:

Willys said...

Romney's income from assets in foreign funds are as U.S. taxable as they would be if held in the U.S. The foreign assets are investments, not tax havens.

To imply anything otherwise is a bit sad.

SteveXS said...

There was a comment about this post suggesting that Mitt Romney's secret offshore accounts were just investments taxed like U.S. income. If you want to go in depth, here's an investigative report published in "Vanity Fair."

http://www.vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts

Incidentally, when he was running against Teddy Kennedy in 1994, Romney said blind trusts are "an age-old ruse" used to avoid political embarassment. He is now falling back on the blind trust argument. At least he's consistent in his inconsistency.