I am not a democrat or a republican. I was actually raised to be a republican by my parents, but I changed my mind when I got older, and realized that it is all a scam. I hate the democrats just as much.
And I know for a fact that most wealthy people hide their money over seas so that they dont have to pay taxes on it. My father was a multi-millinaire, and i knew that he had most of his wealth hidden in Cayman Island bank accounts.
Why pay taxes on your wealth when you can just hide it? You know it's true. I am willing to bet everything that I own that Romney has most of his wealth in the Caribbean or in Switzerland.
They often do put the money offshore, but this only protects the taxes on the interest....which right now is not much. They still pay taxes on the money when they earn in here in the US.