Romney says he pays about 15 percent in income tax

[Homeslice]

Originally Posted by goof2

So you think Romney should be required to pay American taxes on money he has made from offshore investments that has never touched America?

When most Americans invest overseas, they are doing it by buying shares through US brokerages. Thus, their tax info is collected, and they pay taxes on those dividends & gains. Take me, I own shares of Vodafone, a British company. I also own shares of an ETF whose stocks are all Vietnamese. Yet I have to pay US taxes on any earnings or sale.

If someone like Romney is getting around that by using a Cayman or Swiss account to buy those shares, then that's BS imo.

[goof2]

Originally Posted by Homeslice

When most Americans invest overseas, they are doing it by buying shares through US brokerages. Thus, their tax info is collected, and they pay taxes on those dividends & gains. Take me, I own shares of Vodafone, a British company. I also own shares of an ETF whose stocks are all Vietnamese. Yet I have to pay US taxes on any earnings or sale.

If someone like Romney is getting around that by using a Cayman or Swiss account to buy those shares, then that's BS imo.

It must have sucked to have the person with the gun to your head making you purchase those shares through US brokers rather than overseas.

Originally Posted by Papa_Complex

He should get benefits, that other citizens don't?

As AL already said, what is stopping Homeslice or anyone else from doing so? Romney chooses to get benefits while others have chosen not to. Romney also has expenses associated with that choice in order to have those earnings be free from American tax, at least until he would want to bring the money back here. Others choose to avoid that expense and pay American taxes instead.