ST Alpha - "One theory is that he's much richer than he's let on and the vast amount of it is overseas and he doesn't pay taxes on it. Not $250 million rich, but" (Reading a Post)

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In response to "there has to be. " by Mel Profit

One theory is that he's much richer than he's let on and the vast amount of it is overseas and he doesn't pay taxes on it. Not $250 million rich, but

Posted by jnine (aka jnine) Aug 1 '12, 10:05

Maybe a billion rich. I guess if that were true and he wasn't paying taxes on the majority of it he would be hurt more than by this speculation, but I wonder if that's true. He had to know these questions would be raised.

Responses:

but surely overseas stuff wouldn't show up on this taxes? I thought that was the point. -- nm - loosilu Aug 1, 10:11 4
- The returns he already released showed some type of information that allowed people to calculate how much money he was earning overseas from investmen - jnine Aug 1, 10:18
- Legally, you're taxed on all of your worldwide income as a US citizen. That's the issue with Swiss banking accounts. - spamlet Aug 1, 10:17 1
  - Maybe he was part of the settlement in 2009 for earlier years and undeclared bank accounts. That's another possibility. - spamlet Aug 1, 10:19
- yeah, this is my question. spam?? -- nm - Huan Van de Camp-Jiminez Aug 1, 10:12
I think it could be something as simple as him being under pressure from his rich friends to not release them because - con_carne Aug 1, 10:09
Ok, tax dodgy aside an extra zero would also be hugely damaging. -- nm - Mel Profit Aug 1, 10:09
If he's not hiding shady behavior, he's a moron for not releasing them. (nm) - musubi Aug 1, 10:09 5
- unless there's an extra zero in there somewhere... - Mel Profit Aug 1, 10:10 4
  - Exactly. So he's a billionaire instead of millionaire. So long as he's paying his taxes, it changes nothing in his narrative. - musubi Aug 1, 10:13
  - the fun part is that until he reveals it, we can make up more and more outlandish reasons. -- nm - Reagen Aug 1, 10:13 2
    - You mean like the deuctions he's taking for his 10 other children from his 3 other sister wives? -- nm - jnine Aug 1, 10:26
    - I think that was Reid's purpose. - Mel Profit Aug 1, 10:16

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One theory is that he's much richer than he's let on and the vast amount of it is overseas and he doesn't pay taxes on it. Not $250 million rich, but

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