Posted on 04/03/2010 6:00:07 AM PDT by Candor7
1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 a : a system of society or group living in which there is no private property b : a system or condition of society in which the means of production are owned and controlled by the state
3 : a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done
That is not what I was commenting about.
Beckwith: Obama Tax Info for the Obama file(Ex libris Freeper Scannel)
Thanks Scannel!This could be a very important discovery for the state banking and Ex pat lobby for this coming November’s election.
Beckwith and Steve, Ping to post # 179.
Is there a way you can write a short article on this
and post it here on FR. It wouuld then get onto twitter and into the hands of tea party campaign managers who could surely use this ammunition. It is the very best kind and a gaping vulnerability.The “political elite criticism” is very effective with the public.
Right now it is tax time. Your critique could make millions of converts against Obama.
This is Free Republic at its best.
Tank you again for your crucial, strategic post.
Ping to post 179.
Excellent Ammo here, we need to expand it and get it available to hords of people.
“Yes. I wonder how the membership numbers of Oathkeepers are doing... “
Oathkeepers is SWAMPED with new applications. Check their home page.
“One interesting fact about this control of capital. If you look at Obama’s 2008 tax return (I am a tax practitioner over the past 40 years and have prepared thousands of tax returns) you will notice that 08 was one of the only years that Obama made enough money (book sales) to create significant investment consideration.
In short, Obama invested almost exclusively in Tax Exempt instruments AND mostly in foreign investment accounts. In fact a number you can glean from the bowels of his tax return is that he made approximately $176.000 in foreign dividends that were untaxed by the U.S. government.”
Those of you familiar with Obama and his mentors know that Soros is the most likely person to have advised Obama on offshore accounts.
I am a partner in an overseas company. For a number of reasons,this ruling does not apply to me. However it is a “catch all” for most Americans who wish to move their money off shore. One should seek advice from a trusted CPA, or tax attorney before moving money overseas.
Yes, it’s not going to affect most Americans, even those with business interests abroad. To me, it looks more like a stick to clobber specific individuals whom the administration chooses to target.
Boy, am I glad I left when I did, and I hope I never have to return. Also - there is still a 10 year tax liability even after renouncing US citizenship (don’t know how that’s legal.)
Basically the US cannot stop encouraging its citizens to flee to greener pastures overseas and never look back, and sure as hell not leave any assets in the US where they can be seized.
One thing I AM convinced of is that Obama intends to wring us dry.
It used to be comparatively inexpensive for an American to live in Spain. Has this changed much in the last 10 years or so?
I agree. Most people won't be affected by the specific provisions of a law like this, but they'll be affected by the general economic decline that results as it gets harder and harder to start a business, afford an employee, or move capital. There's probably a formula to show how many real working people lose their jobs for each new tax professional!
With the Euro yes, but it’s not as bad as it was last year, and will probably get a lot better.
I know exactly what you mean. I am very busy making plans now, contingent on what happens Nov. 2nd.
“Most people won’t be affected by the specific provisions of a law like this, but they’ll be affected by the general economic decline that results as it gets harder and harder to start a business, afford an employee, or move capital.”
I would hate to be in a start up business right now, unless the product is one used almost every day. Bank lines are all but non existent, and Obama is loading taxes and regulation on almost every one of them.
Yes it was.You just didn’t know it.
He’s been dodging taxes for a while now.
Obama wants to raises taxes on the wealthy, but as a member of that social class, he isn’t eager to fall victim himself. He has invested at least $1 million in a fund that yields tax-free income.
The Illinois senator’s latest campaign-finance disclosure shows that his investments have nearly tripled in the past two years to as much as $7.4 million, and his income in 2007 surged past $4 million, not counting his government salary.
Obama reported accounts with Morgan Chase Private Client Asset Management, an elite firm that deals only with the rich, as well as a host of retirement accounts, some in the name of his wife, Michelle.
will post to FB & Twitter
We got him! Bookmarked! Dynamite stuff.
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