Romney’s Fortune Banked In Foreign Tax Haven

[ABC] Romney has used a variety of techniques to help minimize the taxes on his estimated $250 million fortune. In addition to paying the lower tax rate on his investment income, Romney has as much as $8 million invested in at least 12 funds listed on a Cayman Islands registry. Another investment, which Romney reports as being worth between $5 million and $25 million, shows up on securities records as having been domiciled in the Caymans.

Mitt Romney has never known a meager income. He was a plutocrat while he was in his mother's womb. We know that Romney is currently worth an estimated $250 million dollars and enjoys a tax rate that is less than half what most Americans pay the IRS every April. The fact that he has avoided making his tax returns public shouldn't surprise anyone.