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Is it Patriotic to have money in offshore accounts?

Is it patriotic to have money if offshore accounts?

  • Yes it is perfectly fine.

    Votes: 15 57.7%
  • No it is wrong, and unpatriotic.

    Votes: 11 42.3%

  • Total voters
    26
As far as avoiding taxes....No, it is pretty damn low, though unpatriotic has become a somewhat worthless term in the day and age....some use it waaaaay too often.

so you disapprove, for example, of people deducting their mortgage interest?




in response to the OP, no. what kind of an idiotic thing is that, to think that having a friggin bank account is unpatriotic.

If Mitt Romney starts sending money to Iran, let me know.
 
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I think everyone sees a big difference between a USofA citizen taking a tax deduction on his house, to include Willard, and parking money off shore. :roll:

In this day and age of political angst where a Candidate can be attacked as un-patriotic for not wearing the proper pin in his lapel, I can see this as fair game in national politics. Afterall BUY AMERICAN is a catch phrase, invest in American businesses, the semi sacred 'Job Creators' (hallowed be thy name) can't stand a penny more in taxes but apparently don't need the unaccountable money shipped overseas by the wealthiest among us...

it just is one more thing about Willard- outsourcing jobs, vulture capitalism, corporations are people too my friends, off shore money...
 
for starters, I would like to see all personal deductions removed, except for dependents, and health care expenses..
No more deductions for donations to charities, or property taxes, or mortgage interest.
If you need govt tax deductions to motivate you to be charitable, you ain't charitable.
If you need govt tax deductions to buy a house, you probably shouldn't...

I am not qualified to determine what businesses should be able to deduct, but I suspect that a lot of their deductions should be denied as well.
 
I voted yes but I think it is a silly poll. Better phrasing would be should those running for elected office have any offshore accts. Though I'd still vote yes as there is nothing illegal about it, This seems merely to be an election talking point and will be forgotten after the election or worse yet, used by the other side at some future date when the situation is reversed. If nothing illegal is going on there is no reason to get upset about it.
 
I voted yes for now, but my real vote would be neither. It's a monetary decision, and is neither patriotic nor un-patriotic.
 
Yes!

It is in the spirit of our Founders to avoid paying taxes. Big government is unpatriotic!
 
Yes!

It is in the spirit of our Founders to avoid paying taxes. Big government is unpatriotic!
we revolted against England to avoiding paying taxes without representation, not just taxes in general....
But I agree that govt is too big. Admiral Rickover had a lot to say about bloated beaurocray in the military, too many officers in the officer to enlisted ratio, too many stuffed shirts doing nothing. We might as well have stuck with England if we want a top heavy military and govt that is mostly show and little go...
 
Yes!

It is in the spirit of our Founders to avoid paying taxes. Big government is unpatriotic!

Funny.. that is the exact same attitude that Greeks have... and look where it got them...
 
If the current rules and laws are set up such that that is where a person can get a better return on their investment, then I don't see why that person shouldn't.
 
The attitude that comes across loud and clear here from many is take care of number one no matter who gets screwed in the process. And if that is your country or your fellow countrymen, too bad because you are slicker and craftier than they are.

And we wonder why America has problems? :roll:
 
Funny.. that is the exact same attitude that Greeks have... and look where it got them...

The spirit of Greece is: Give me my entitlements or I burn the city!
 
The attitude that comes across loud and clear here from many is take care of number one no matter who gets screwed in the process. And if that is your country or your fellow countrymen, too bad because you are slicker and craftier than they are.

And we wonder why America has problems? :roll:

Who is intentionally and maliciously screwed over by somebody investing money in overseas/off-shore accounts?
Is it possible that somebody overseas/off-shore might benefit from that investment?
Would the "screwed over" party and the benefiting party cancel one another out, or is the one here at home infinitely more important than the one overseas?
 
Who is intentionally and maliciously screwed over by somebody investing money in overseas/off-shore accounts?
Is it possible that somebody overseas/off-shore might benefit from that investment?
Would the "screwed over" party and the benefiting party cancel one another out, or is the one here at home infinitely more important than the one overseas?
Going in depth and using facts destroys liberal economic theory. I find that liberal's economic views are based on looking at things at a first glance, selfishness, and hate. If liberals were children, they would constantly be reprimanded for misbehaving.

“[T]he whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”-Henry Hazlitt
 
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The attitude that comes across loud and clear here from many is take care of number one no matter who gets screwed in the process. And if that is your country or your fellow countrymen, too bad because you are slicker and craftier than they are.

And we wonder why America has problems? :roll:

Why is doing something legal screwing your country and fellow countrymen? I would say trying to call someone unpatriotic for abiding by the law as trying to screw your fellow countryman. If you really think this is abhorrent call/write your politicians and try to get the rules changed.
 
Who is intentionally and maliciously screwed over by somebody investing money in overseas/off-shore accounts?
Is it possible that somebody overseas/off-shore might benefit from that investment?
Would the "screwed over" party and the benefiting party cancel one another out, or is the one here at home infinitely more important than the one overseas?

Investing in foreign businesses deprives American businesses of investment... which deprives them of capital .... which deprives them of creating jobs .... which deprives people of those jobs .... which deprives the nation from the taxes from those jobs.

Simply putting your money in foreign mechanisms of any type to avoid payment of US taxes deprives the United States people of those resources.

Sorry, but I am now and always have been an American. That is my priority. And I want my president to make America and the American people his priority also.
 
Why is doing something legal screwing your country and fellow countrymen? I would say trying to call someone unpatriotic for abiding by the law as trying to screw your fellow countryman. If you really think this is abhorrent call/write your politicians and try to get the rules changed.

You are confusing legality for an individual with what is good for America and its people.
 
Investing in foreign businesses deprives American businesses of investment... which deprives them of capital .... which deprives them of creating jobs .... which deprives people of those jobs .... which deprives the nation from the taxes from those jobs.

Simply putting your money in foreign mechanisms of any type to avoid payment of US taxes deprives the United States people of those resources.

Sorry, but I am now and always have been an American. That is my priority. And I want my president to make America and the American people his priority also.

Well, you are overlooking a couple of things.

1-Offshore accounts can be used to invest in the U.S.

2-Smart investors will invest in offshore anyways, because it is in their interest. If the government doesn't get its act together, it is the government's fault for driving our capital and not the investor.

As for the "common good", the government is sending it to hell and has been for decades.
 
The spirit of Greece is: Give me my entitlements or I burn the city!

Avoiding taxes in Greece is the national sport...some homeowners claim incomes less than they pay their pool service, and the Greek govt doesn't seem to have the accouting capabilities to prove otherwise...
 
The spirit of Greece is: Give me my entitlements or I burn the city!

LOL far far from it. That is what your right wing media wants you to think.

The reality is that in Greece.. tax avoidance has been a national sport since when they were under Turkish Ottoman rule.
 
Avoiding taxes in Greece is the national sport...some homeowners claim incomes less than they pay their pool service, and the Greek govt doesn't seem to have the accouting capabilities to prove otherwise...

I don't blame them. Greece is a cesspool. It is a high tax, big entitlement state that is an anathema to liberty and prosperity.
 
Avoiding taxes in Greece is the national sport...some homeowners claim incomes less than they pay their pool service, and the Greek govt doesn't seem to have the accouting capabilities to prove otherwise...

Greece has one of the highest amount of yachts that are "company owned".. why? Because to avoid taxes, people claim that their boats are a business. Of course it is nothing but a pleasure craft but the tax man can prove otherwise. Just one of the many different tax scams that have driven the Greek economy to the brink and over. No different than what the GOP is advocating by pushing for lower taxes and allowing the rich to avoid taxes all together. When will Romney release his full tax records? What has he got to hide.. a few hundred million in tax havens maybe? Maybe he aint even that rich... well on paper to the IRS, and has hidden most of his fortune overseas?
 
The question is if you think it is patriotic for anyone running for president to have money in offshore accounts?
I think it's necessary when you have Socialists screaming for your financial head. Bring it all back when Capitalism has been safely restored.
 
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I don't blame them. Greece is a cesspool. It is a high tax, big entitlement state that is an anathema to liberty and prosperity.

More right wing horse****. The Greek people work harder and longer than Americans. They pay relatively low taxes and their "entitlements" are rather poor compared to many other countries. Their problem is lack of tax collection and corruption. Using the tired and debunked "high tax, big entitlement state" crap is just that... crap and does not reflect reality.
 
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