Mitt Romney's Investments Scattered Around The World (1/18/12)

Mitt Romney his hiding his tax returns for a very good reason. They will not help him win the November 2012 Presidential election. While at Bain Capital, he probably moved much of his wealth to accounts abroad to take advantage of various tax breaks used by only the wealthiest bankers and investors in the Top 1%. Bain funds have key international connections for moving money offshore. Romney shifted his wealth to Delaware, the Cayman Islands, Bermuda, Hong Kong, and Ireland. Romney's family got over $1 million in 2010 from one Cayman Islands investment, Bain Capital Fund VIII. What does this mean for President Obama? In the 2008 campaign, he ran into Joe the Plumber, who questioned why Obama wanted to raise his taxes. Obama can effectively use the phrase, "spread the wealth," and have more credibility than Romney, who spreads his wealth -- around the world, that is. http://www.washingtonpost.com/blogs/ezra-klein/post/yet-another-tax-advantage-for-romney/2012/01/18/gIQAvh017P_blog.html