Tag Archives: Mitt Romney

Tax Liability Of An Annuity – Does It Exist?

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Tax Liability Of An Annuity

Everybody is interested in avoiding taxation legally because no one likes to pay taxes. There is generally no tax liability in case of annuities and this is what makes it so popular. After all, ‘a penny saved is a penny earned’ therefore why not invest in these since they do not require you to pay tax? The tax-deferred growth that one can enjoy from an annuity is probably one of the most attractive features about it. The government isn’t going to tax you on any of the earnings as long as the money stays inside … Read more at 2009 Taxes

Paul Ryan Taxes To Be Released

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Paul Ryan Taxes To Be Released

Following in the footsteps of presidential candidate Mitt Romney, Paul Ryan has agreed to release his tax returns for the past two years.

The ‘Paul Ryan taxes’ story broke when he announced that he would be releasing the details of his 2010 and 2009 taxes on  CBS’ “60 Minutes” television program.

As Chairman of the House Budget Committee, Ryan has made quite a stir in the political world with his proposed Social Security and Medicare policies.

According to an assessment made by the Los Angeles Times newspaper, Ryan’s net wealth is estimated to be … Read more at 2009 Taxes

What About Romney’s Offshore Tax Havens?

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According to emerging news reports, Romney has a vast amount of wealth invested in funds through Bain Capital LLC.  This powerhouse is one of the offshore tax havens often used to help lower the 2012 taxes.  Several of the Bain funds have connections offshore that are allowing the financial elite to take advantage of tax breaks.

These news sources are interested in dissecting Romney’s tax returns to see how his use of offshore strategies has allowed him to avoid taxes.  Investments by Romney and others in Bain funds, have money scattered from Delaware, to Bermuda, the Cayman Islands, Ireland and … Read more at 2009 Taxes

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