Quote:
Originally Posted by blktoptrvl
Because the accusation is (in part) that he used unlawful methods to achieve his low rate.
If he did do it lawfully, I would not oppose him doing whatever he wants... However, I do think that he should not be entitled to pay such a low rate on such large amounts.
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That may be the accusation from some, but I am pretty sure he is on record saying he had (closed in 2010) a Swiss bank account and also had some money invested in the Cayman Islands. However, he states all accounts were disclosed to the IRS and so far the Gov't/IRS hasn't accused him of doing anything illegal, so I don't see what the big deal is?
Also, I think I read that he it taxed at a higher rate than 97% of Americans, that he made a 14% contribution to charity and so on. I also think most of his income was actually on investments, which is taxed at a different rate.