Samuel Wyly and Charles Wyly -- billionaire brothers in Texas who have spent millions funding Conservative political campaigns -- committed violations of federal securities laws and fraud by using offshore accounts to secretly trade the shares of public companies whose boards they sat on, reaping more than $550 million in profit, according to a Securities and Exchange Commission complaint filed Thursday.
The SEC alleges that the brothers created an elaborate network of accounts and companies in the Isle of Man and the Cayman Islands that they used to trade more than $750 million in stock in four public companies they served as board members. The SEC charges that they also committed an insider trading violation concerning one of the companies, earning almost $32 million. The Wyly's attorney and stockbroker were also charged.
The "Wyly Coyotes," funded the Swift Boat attacks on John Kerry... they also funded George W. Bush's attacks on John McCain in the 2000 Republican primaries.
IF YOU WONDER WHY YOUR TAXES ARE SO HIGH... IT'S BECAUSE YOU ARE PAYING TAXES, THE RICH ARE NOT!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
It sounds like THESE people have broken the law based on the news report. So apprarently what you are claiming is that all "rich" people break the law? Is that like a racist who says "IF YOU WONDER WHY YOUR TAXES ARE SO HIGH... IT'S BECAUSE YOU ARE PAYING TAXES, THE BLACK PEOPLE ARE NOT! ???
Are all high earners criminal, I guess that is the question a rational person asks?
Lets get down to specifics-just so we know where you are coming from in using this blanket invective.
Are you saying they don't file tax returns, all of the rich people? Or are you saying that the effective rate of tax on wealthy people (tell me where the cut off is) is 0%? Or are you saying that TAX EVADERS don't pay. And if it is the later, are all wealthy, high earners tax evaders? I am curious if that included Soro, Obama himself (who made 5 million before he became president) also the Kennedys and Kerry? Also, if you are rich and not powerful, do you have to pay? Is there a checkoff box on the return that has "powerful" written next to it? So if you check it off, you simply don't have to include a check, and are entitled to a full refund of income tax withholdings. (
So are rich people the ones making $75,000? $150,000? $200,000? Higher? I am confused by your blanket statement
"IF YOU WONDER WHY YOUR TAXES ARE SO HIGH... IT'S BECAUSE YOU ARE PAYING TAXES, THE RICH ARE NOT! "
which I think if it was referring to race, you would be guilty of hate speech by lumping them all in together.
You are probably one of those people who has his taxes down at H&R Block because you really show no indication that you understand one iota of our tax code. Either that or you have gone off your meds. Do you know your name? Do you want us to call a mental health professional for you? Do you know where you live?
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
IF YOU WONDER WHY YOUR TAXES ARE SO HIGH... IT'S BECAUSE YOU ARE PAYING TAXES, THE RICH ARE NOT!
Oh....it's not because our government is spending like drunken sailors, huh? It's not because our government is spending this country into bankruptcy, huh? It's not because of the government handouts, huh? It's not because of the mis-management of Frannie/Freddie mac, huh? It's not because of unnecessary wars, huh? It's not because of duplicating fed. programs that the states already have implemented, huh? It has nothing to do with the government take over of private industry under the guise of 'stimulus'/'TARP'?
NOPE.....it is ALL because of those nasty rich people! cough...cough!!!
Boxy, you must be a government handout recipient and don't know what it is like to risk all you have to make an even better life for yourself and your family. You, like many others who are always looking for a government hand out as opposed to working hard for it yourself.
Are you really that naive to realize that the government will pick and choose exactly who and what industry can be 'rich'. Ya know....just like they do in CHINA!!!
YUP.....it's ALL of those nasty rich people...again....cough...cough!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Are all high earners criminal, I guess that is the question a rational person asks?
Lets get down to specifics-just so we know where you are coming from in using this blanket invective. So are rich people the ones making $75,000? $150,000? $200,000? Higher? I am confused by your blanket statement "IF YOU WONDER WHY YOUR TAXES ARE SO HIGH... IT'S BECAUSE YOU ARE PAYING TAXES, THE RICH ARE NOT! "
Really Graham??? Do you consider $75,000 150,000 or even 200,000 to be RICH??? Are things that bad where you live??? I know a man who makes $75,000, and can't even afford health insurance... Is that rich??? Bush's Tax Cut For The Rich barely touched the $200,000 crowd.
I'm talking about the RICH! Those who make millions from govt subsidies, handouts and tax credits that the average working man has no access to for his tax return. Do you have an offshore account... an account that has it's own lawyer to manage just your account???
THE RICH, GRAHAM!!! Not those who are making a living... THE RICH! Those that halved their tax bill thanks to the Bush Tax Cuts. Those that suck every dollar out of the USA, and invest it offshore (illegally) so they pay NO TAX. NOT JUST A LITTLE TAX, BUT NO TAX, on dollars that you and I would have to pay income tax.
The "Wyly Coyotes" who buy politicians, buy off or smear their opposition, then write off the dollars they spent from their income tax.
Had these two brothers paid their FAIR share of taxes, it would have equaled what hundreds of Americans will pay combined.
As Leona Helmsley put it... "Only the little people pay taxes"!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
NOPE.....it is ALL because of those nasty rich people! cough...cough!!! YUP.....it's ALL of those nasty rich people...again....cough...cough!!!
Bumble you should really take something for your cold... Your cough sounds awful!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Don't spread that story about the Wyly brothers not paying taxes or the Dems will try to recruit them into the Dem party because they would fit right in with all the Dems that don't pay their taxes.
I know a man who makes $75,000, and can't even afford health insurance... Is that rich???
......it sounds like this man can't live within his means!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
......it sounds like this man can't live within his means!
Are you serious Bumble??? Are you that out of touch???
This man was self employed until a health problem forced him to cut back on his hours. He has recovered and is employed with a salary of over $75.000 living & working in Connecticut. Because of his pre existing condition, his health care insurance would be very expensive, and would come with a clause that HE pay the first $7000 of the bill per year. He has no health care insurance until Obama care will allow him to buy insurance regardless of his pre existing condition.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Three of the top 5 are Democrats and the richest(Senator Kerry) ran for President on the Democrat ticket in 2004.
Kerry the richest Congressman, docks is Yacht in R.I. to avoid paying the taxes in the state he represents and votes to raise taxes, and Rangel evades paying taxes all together.
I'm glad to see you're a very principled person Box a Rox.
Cicero... You really DO have a reading comprehension problem don't you???
Go back and read my original post... I'll wait.
OK.
Where did I point the finger at any party??? (Although you do seem to be very defensive pointing out the Rich Democrats) I ACCUSED THE RICH! Not the Republicans.
When the Bush Tax Cut for the Rich came up for a vote, Sen Ted Kennedy said something like... ~I'm a wealthy man. I will gain quite a bit with this tax cut, but I don't need a tax cut... The working man does. ~ He voted against the bill.
You really need to be less defensive Cicero...
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
I'm glad to see you're a very principled person Box a Rox.
If you were a 'very principled person' Cicero, you would have added this text from the list that you posted:
The 50 Richest Members of Congress (2008) Roll Call Staff Clarification Appended
Everything that you are about to read might be wrong.
Roll Call’s annual attempt to rank the riches of Members of Congress is hampered by one fundamental flaw: It is based on the lawmakers’ financial disclosure forms, which are extraordinarily unreliable sources of information.
The disclosure rules allow Members to report assets in broad categories, so there is no way to tell the difference between a $20 million investment and a $5 million investment. The top category on the Members’ forms is “over $50 million,” so it is impossible to accurately account for anything worth more than that — like a professional sports team, for example. There is also a gaping loophole for assets owned by the Members’ spouse or dependent children; anything worth more than $1 million in value can be reported as “over $1 million.” There is no way to tell whether that is $1.2 million or $1.2 billion.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
If you were a 'very principled person' Cicero, you would have added this text from the list that you posted:
Hmmm...Where did you get that information that I was hidding? OH...THE LINK I PROVIDED! Duhhhhhhhhhh
I'm not defensive, I just like pointing out that your cheerleading for the Democrats is filled with hypocriscy. The rich Democrats that claim to be for the working person and poor seem to get wealthier and wealthier every year. You would think they would be exhausting their own riches to help the poor. Not buy $7million dollar yachts and dock it in a different state to avoid the taxes they so love to make the "rich" pay.
Hmmm...Where did you get that information that I was hidding? OH...THE LINK I PROVIDED! Duhhhhhhhhhh
I'm not defensive, I just like pointing out that your cheer leading for the Democrats is filled with hypocrisy. .
Re-Read the original post. Where was the "cheer leading for Democrats"??? I condemned the "RICH", not Rich Republicans, or Rich Democrats, but the "R I C H"! (and in fairness, there are those like Warren Buffet, Bill Gates &others who do pay their fair share)
Where is the "Hypocrisy"? or do all Conservatives have guilty consensuses so when someone says RICH they assume they are condemning them?
~Mark 10:25 "It is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God." ~Luke 18:25 "For it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God." ~BoxARox: "It is easier for a Conservative to ride the camel through the eye of a needle than for a him to enter the kingdom of God."
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Box you can condemn the rich all you want but I never got a job offer from a poor person and if you think that the government can provide all your needs just take a look at Venezuela, Cuba, Russia, or any other socialist government and see how they are doing, would you want to move there?
Box you can condemn the rich all you want but I never got a job offer from a poor person and if you think that the government can provide all your needs just take a look at Venezuela, Cuba, Russia, or any other socialist government and see how they are doing, would you want to move there?
I don't need the govt to PROVIDE me with much of anything. When I pay my taxes, I do it with a smile on my face. I love my country and support it with my dollars, my time and my effort.
So one more time I will hear... IF YOU DON"T LIKE IT HERE, THEN LEAVE... Conservatives that do the most complaining bout their govt never seem to take their own advice.
The rich can afford to pay their fair share of taxes, far better than the middle class. When the Rich cheat on their taxes, they STEAL FROM YOU AND I.
Every dollar they earn and don't pay taxes on, comes out of MY POCKET.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
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