One of the reasons Mitt Romney is bucking the American people’s wish to for him to release more of his taxes is because there are many tax havens he now enjoys. So far, we know he has millions stashed away in The Cayman Islands, we know of millions he has stored in Bermuda and we can bet you “$10,000.00″ (one of Romney’s favorite betting amount) that there are many more tax havens where the Romneys bank their money to avoid paying their full share of taxes.
With that said, Paul Ryan – Mitt Romney’s Vice Presidential pick – is apparently not a big fan of the tax havens and is already going against this favorite tax evasion method of Mitt Romney. Appearing with Romney on 60 Minuets with Bob Schieffer, Ryan responded to a question about the rich and their tax rate.
Schieffer asked; “You say of course the wealthiest people pay the larger share, but don’t they also pay at a lower rate? When you figure in capital gains and all of that?”
Romney replied with his usual jargon about the rich paying more taxes than anyone else, but then Ryan said this:
What we’re saying is take away the tax shelters that are uniquely enjoyed by people in the top tax brackets so they can’t shelter as much money from taxation, should lower tax rates for everybody to make America more competitive.