So I will.
Republican presidential candidate Mitt Romney has been hesitant to disclose his tax records and personal finances, and now it might be clear why: the former Massachusetts Governor has hidden tens of millions from the U.S. Treasury in secret offshore accounts in the Cayman Islands, according to ABC News.
Offshore accounts used as so-called “tax havens” cost the U.S. over $100 billion a year, and are commonly utilized by the wealthiest citizens and corporations as a means of avoiding U.S. taxes on lucrative profits.
And yet, if a real American whose existence and aspirations actually add general value to the nation experiences personal economic downturn and steals a stamp from a post office in order to send out a resume, that real American whose existence and aspirations actually add general value to the nation would be tossed into federal prison before the company that advertised the position that the real American whose existence and aspirations actually add general value to the nation was applying for had time to ship that position to Pakistan.
“Gov. and Mrs. Romney have money invested in funds that the trustee has determined to be attractive investment opportunities, and those funds are domiciled wherever the fund sponsors happen to organize the funds,” a campaign spokesperson told ABC News.
Interesting historical note: From 1941-1945, “investment opportunities” in Mercedes Benz, BMW and Volkswagen were “domiciled” in Germany.