Try the political quiz

1.3k Replies

 @ISIDEWITHDiscuss this answer...8yrs8Y

No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

 @9G8VCYR from Pennsylvania disagreed…5mos5MO

In my personal opinion I don't care how you get you're money as long as I'm not involved in the loophole.

 @9HPJKNMPeace and Freedom from California disagreed…3mos3MO

No one should be evading taxes because it is not fair to the people that are getting their taxes taken out

 @9HPBC65 from California disagreed…3mos3MO

offshore banking is a common practice for many to protect their wealth. In fact, there are many reasons why one should consider these opportunities. Foreign bank accounts are a respectable and legal option for U.S. citizens—if used transparently.

 @9FM8LW9disagreed…6mos6MO

While it's true that some wealthy individuals abuse offshore banking laws, it's important not to generalize and assume that all individuals who utilize offshore accounts are doing so for tax evasion purposes. Offshore banking can serve legitimate purposes, such as asset protection, international business operations, or access to global financial markets. Many countries have strict regulations in place to prevent tax evasion through offshore accounts, and the focus should be on improving these regulations and enforcement mechanisms rather than condemning all offshore banking as problematic. Additionally, addressing tax evasion should involve cooperation between governments, financial institutions, and international organizations to create a fair and transparent global tax system.

 @ISIDEWITHDiscuss this answer...8yrs8Y

No, and neither should corporations and business organizations

 @9G3NLFVDemocrat from Nevada disagreed…5mos5MO

no in offshore accounts, the us can't find it unless they try to find it and offshore accounts cant be taxed

 @ISIDEWITHDiscuss this answer...8yrs8Y

Yes, as long as offshore income is reported

 @9HPBC65 from California agreed…3mos3MO

The Internal Revenue Service has made foreign accounts compliance a key enforcement priority. Each year, the US Government pursues US Taxpayers who have unreported offshore accounts, investments, assets and income and target them for fines and penalties.

 @9FN95TN from Pennsylvania disagreed…6mos6MO

There is no reason that American citizens should need to keep their investments outside the purview of the United States in offshore accounts. Also, those that tend to do it are extremely wealthy and might have sinister reasons for doing so.

 @8JCJLWVUnity from Texas answered…3yrs3Y

Yes, as long as offshore income is reported. And willing to reconsider if this is gamed extensively.

 @4RJFCXKfrom New York answered…3yrs3Y

Current banking regulations against this already discriminate against expatriate americans and give them an undue burden, especially if they do not intend on returning. America is the only major country that taxes world income by citizenship and not residency.

 @4RL7JJXfrom Northern Mariana Islands answered…3yrs3Y

Yes, as long as offshore income is from money initially earned in the U.S. and not from labor or work overseas and is reported by both individuals and corporations - and appropriate taxes withheld.

 @4RLJLV7from North Carolina answered…3yrs3Y

No make this a capital offense punishable by total asset freeze, seizure and market blacklisting

 @4RLMQW7from Florida answered…3yrs3Y

Yes, because we can no longer trust our government to not confiscate or ovet tax our earnings.

 @4RKXR43from Ohio answered…3yrs3Y

 @4RKFM2Ffrom Maryland answered…3yrs3Y

They can put it on the Moon for all I care. Set up US rules so "offshore" money flows into the
US economy. It's a global economy and we ought to track all investments - like the billions
in illegal drug, weapon and human trafficking trades. Tax that and use the vast sums to free the oppressed.

 @4RJ89ZRfrom New York answered…3yrs3Y

If the money was generated here in the States I feel like it should remain in the States. But, if the owner of the money has dual citizenship, owns land in said country of account location. I imagine thats OK.

 @8DHDDMJfrom Maine answered…3yrs3Y

 @8TQS43C from Indiana answered…3yrs3Y

 @9GSGPR3 from Indiana answered…4mos4MO

Yes. The government does not have the authority to dictate to its citizenry how to spend or use its money. Tax loopholes should be abolished and every citizen should get taxed at the same flat rate across the board.

 @99ZSW44 from Washington answered…12mos12MO

Yes. If the government is concerned about lack of income, they should have more competitive tax rates.

 @99NK29S from Wisconsin answered…1yr1Y

No, not for corporations, business organizations, and too many wealthy citizens are abusing it.

 @8WFBJ5Q from Washington answered…2yrs2Y

Yes but only in places tied through citizenship and/or residency to the individual, not for abuse of tax brackets

 @8PRVVVB from Florida answered…3yrs3Y

there should be no monetary currency system and no private property.

 @8QS6KQGDemocrat from Michigan disagreed…3yrs3Y

Really? I don't know if you rent or buy for shelter, but you wouldn't want your house being invaded would you?

 @9KWT5RX from South Carolina answered…4 days4D

This is kind of iffy. Off-shore bank accounts can be used to do a lot of things that aren't necessacarily good.

 @9KWBRNBIndependent from New York answered…4 days4D

Yes, for regular citizens, but prohibit corporations/business organizations and politicians/government workers from doing so.

 @9KWBRNBIndependent from New York answered…4 days4D

Prohibit corporations/business organizations and politicians/government workers from doing so, but allow regular citizens to do so.

 @9KLCVDR from Missouri answered…2wks2W

Yes, but increase financial oversight on wealthy account owners and corporations in an effort to prevent tax evasion

 @9KL3KCT from Texas answered…2wks2W

Yes, federal and state government should not have any legal right to control over how or where US citizens store money

 @9KL2GQ3from Vermont answered…2wks2W

Yes, but he still need to pay us taxes and it need to be declared. And it should be limited to a certain percentage of their total capitals

 @9KDC3SX from Massachusetts answered…3wks3W

Yes, but only individual citizens not groups, businesses, and organizations. Individuals with off shore accounts must have stricter regulations of reporting with 2 reporting periods that require hard authentic evidence of funds and valuables in the off shore accounts.

 @9KC2KWG  from Nebraska answered…3wks3W

Yes, as long as it is subject to the same rates of taxes as it would be in America, and that the income is reported in their annual taxes.

 @9KBCLHG from Missouri answered…3wks3W

Yes, but it needs to be reported for everyone regardless of their income, job, age, or social standing.

 @9JVXJNM from Colorado answered…1mo1MO

No, though politicians must also be required to report their investments, not trade stocks, mandate a lifetime lobbying ban, etc. If private investment businesses and U.S. citizens suffer due to tighter restrictions on tax evasion, politicians who make these laws should also be included.

 @9JVHK9ZGreen from New York answered…1mo1MO

Yes, as long as offshore income is reported, and they are not abusing loopholes in offshore banking laws to evade taxes

 @9JP57CT  from Texas answered…1mo1MO

Yes, but only in limited amounts for those with dual citizenship in the territory where the foreign bank is located

 @9J3X89G  from New Jersey answered…2mos2MO

Yes, but ONLY citizens that are not executives at large companies AND it should also have branches in the U.S.

 @9J2M4ZG from California answered…2mos2MO

Yes, as long as all offshore accounts and income are reported and taxed at the same rates as domestic income.

 @9HL7RCB from Missouri answered…3mos3MO

Yes, granted they are banned from donating to political campagins and banned from voting in local, state, and federal elections.

 @9GWHWQY from Missouri answered…4mos4MO

Yes, as long is the power is not abused. The government should look into accounts of wealthy people and organizations for any fraud like activities.

 @9GSKH64 from California answered…4mos4MO

Yes, as long as the offshore income is not only reported, but doesn't abuse loopholes or evading taxes.

  @9GSFFG2 from Massachusetts answered…4mos4MO

Yes, as long as the bank is on US soil or we Increase fees for the use of banks, on non American land.

 @9GRBQBN from Illinois answered…4mos4MO

only those with low income such as SSA SSDI SSI not the wealthy or filthy rich and not the elites why they funnel it to the Middle East and tax shelters and the WEF

 @9GPMZK4 from California answered…5mos5MO

Yes, up to a certain limit. It is abused for tax evasion purposes by ultra wealthy, but a middle class person with a bank account in a different country should be perfectly fine.

 @9GNV8K7from Maine answered…5mos5MO

Yes, if the citizen has residency in that country and/or businesses in the foreign country. Stop all tax reporting for foreign-residing citizens.

  @Yaunti2  from New York answered…6mos6MO

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