I was responding to Dgabriel who told me that Soros and the Quantum fund was paying US taxes. I proved they were not. I also never said he was doing anything illegal. However, how is it that he can justify his tax evasion, legal as it may be, while pursuing a pseudo socialist type agenda for the future of this country where by all the wealthy citizens have to hand over half their wealth to the gov't. As soon as Soros pays 50% of his fortune to this great country I'll let him dictate tax policies. But in the meantime I would prefer he not tell us what a great country we would be if only we surrended our wealth to this gov't that he wants to create for us. And this is one guy mind you. One guy is taking it upon himself to effectively compromise the integrity of our political system, our democracy, and at the very least our campaign finance laws. Do you really want to give this guy that kind of power or anybody for that matter. And are you completely sure you know what he wants to accomplish. Once you invite the devil into your house, you can't expect him to leave.
No Cutten, but he can finance a future gov't that will do those things. Hello. If he gets what he wants in gov't those are the exact things that he will do. In fact it will be his first objective to extort your wealth via the IRS. Don't you get it? Look, saying the gov't is corrupt is not a revelation here OK. The bottom line is do you want a corrupt Gov't that is elected by the majority or of that by a wealthy outsider who has questionable motives. Corruption is corruption, it's everywhere. But I prefer the will of the American people to prevail and not the will of an eccentric billionaire. Thank you.
WASHINGTON â Beset by reversals at home and abroad, President Bush has seen his job-approval rating tumble to its level before the Sept. 11 terrorist attacks, and he now faces an electorate as narrowly split as in the 2000 election, new polls have found. In a succession of surveys, Bush's support has eroded â amid public anxiety over the rising price tag and casualty count in Iraq and the continued sluggishness of the domestic economy â to the point where Americans divide almost exactly in half on whether he is doing a good job as president and whether they prefer him or a Democrat in the 2004 election. http://www.latimes.com/services/site/premium/access-registered.intercept ummmm GW??? time for another crisis?? Better get going, or face tough elections. Nothing that another war can't solve. You tell em boy.. Kaymar errr Maverick.. set them pinko libs straight. Hmmmmm HAL is an oil company... since when they get assigned long term logistics military contracts with no cap on expenses?? Gooooooooo Channey break the bubbly.... our dead soldiers appreciate it
Contrary to your statements: 1) I never said the Quantum Fund is paying taxes, here or anywhere else. I said Soros' personal income is subject to taxation. I did not say he was paying taxes, but an educated guess says he is in compliance with Federal, State, and Local tax laws. 2) You did not prove Soros does not pay taxes. You have no such proof, further, you have no true idea what his tax situation is. 3) No one is required to forfeit 50% of his wealth in this country (except an estate in the millions). Income is subject to taxation but wealth accumulation almost never is. You pay when you realize gains. If Soros were campaigning for Bush, I imagine you would have no objection to his using his money to do so. Why would you permit someone to dictate tax policy if they turned over 50% of their wealth to the treasury, as you said in the case of Soros? By adopting a position that advocates the sale of public tax policy and taxation laws to a rich man you betray a distaste for Republican government and the Democratic process. Maybe you should leave the country.
If Soros thinks socialism is so great, why doesn't he go live in a socialist paradise? Why wouyld he choose to live somewhere as awful as he seems to think this country is? Maybe he could take Alec Baldwin with him when he leaves, since Baldwin never followed through on his promise to leave if Bush was elected. If this was the Clinton administration, I guarantee you that Soros would be neck deep in an IRS investigation by now if he had funded an anti-Clinton/Gore group.
If any US citizen realizes a gain offshore, it is subject to taxation, with a credit for any foreign taxes paid. That's the law.
Oh man, I cannot believe this is going over your head. No, they are both in compliance since it is not a US company therefore neither Soros nor the Quantum fund are subject to US taxation. That was my whole point. Not that he was illegally avoiding taxes. Don't you find it odd that a guy who has made his fortunes using our markets as well as others to accumulate massive wealth due primarily to the fact that he has been able to keep it from being taxed, and he comes here and tells us, hardworking americans that we should pay more taxes and have a bigger gov't so we will be more happy. How can a guy that has spent his entire life not paying taxes tell us we should be paying more taxes then we already are. And not just a little more, read inbetween his lines and you'll see that he wants Americans in general to have very little personal wealth. That sounds really nice coming from a billionaire.
Oh man, I need to find some aspirin. Look, there is no gain. Period. He has a controlling interest in his fund just like LTCM and just like every other offshore hedge fund. As long as that money stays in the fund it is not subject to taxation because it is not personal income. Why the f*ck do you think there are like 10k offshore hedge funds? For the warm climate? LOL. Personal income is what he decides to pay himself out of the fund. I'm sure he pays himself a very modest salary.