Why is that?
2007-09-19 08:27:30 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Republicans is general like to hoard money and use it to elect people like Bush who then gut the government of its ability to regulate and thus protect everyday workers and their families from people who are selfish, greedy and just plain crooked rich, like in Enron and "Bush's boys".
2007-09-19 08:55:37 · answer #1 · answered by zclifton2 6 · 1⤊ 0⤋
Why do you think that a lot of rich people have money in Swiss banks? Can you point to a reference that backs this up?
2007-09-19 15:31:40 · answer #2 · answered by A.Mercer 7 · 0⤊ 2⤋
One big reason. They don't have to pay taxes on the money, or the interest. I even heard Greenspan himself say he has money invested in other countries. If everyone in the US paid the taxes that they should, the middle class would not have to pay more than their share. The rich know ways of getting around taxes.
2007-09-19 15:34:54 · answer #3 · answered by Joan H 6 · 2⤊ 0⤋
Usually to hide it from the U.S. government so that they can illegally avoid paying income tax
2007-09-19 15:43:13 · answer #4 · answered by StephenWeinstein 7 · 2⤊ 0⤋
Traditionally, low tax rates, high security, little government intrusion.
2007-09-19 15:33:44 · answer #5 · answered by Anonymous · 4⤊ 0⤋