Mitt Romney's Taxes and Investments

I have previously talked about reviewing the presidential candidates tax returns to get inside information on how the wealthy generate wealth.

When reviewing Mitt Romney's 2011 tax return, we found the usual components for a very wealthy man.  A family trust controls most of the assets and had invested in securities from companies with ties to Iran, investments in Chinese oil company, CNOOC.  Plus we found that these questionable investments for a presidential candidate might cause some problems. 

The tax return supports that Mitt Romney were very much aware of these questionable investments as it would relate to the U.S. voters, and sold the stocks!

This blog is NOT about politics, this blog is about tax write offs, tax loopholes and ways to decrease your tax liabilities while increasing your assets, income and peace of mind.  What the tax returns of  wealthy presidential candidates reveals is HOW, the rich get rich.

What you now know is that investing in oil, regardless of which country the investment is affiliated with, is one of the strategies for building wealth. 

As the weeks go by, we will look at more investment strategies of the wealthy.  After all if we duplicate the investment patterns of the wealthy, on a much smaller scale, you too can benefit, even though a lot of details about the taxes are missing, tax experts were still able to determine certain facts.  Read the entire Mitt Romney tax saga