George Soros likes to say the rich should pay more taxes. A substantial part of his wealth, though, comes from delaying them. While building a record as one of the world’s greatest investors, the 84-year-old billionaire used a loophole that allowed him to defer taxes on fees paid by clients and reinvest them in his fund, where they continued to grow tax-free. At the end of 2013, Soros—through Soros Fund Management—had amassed $13.3 billion through the use of deferrals, according to Irish regulatory filings by Soros.

Congress closed the loophole in 2008 and ordered hedge fund managers who used it to pay the accumulated taxes by 2017. A New York-based money manager such as Soros would be subject to a federal rate of 39.6 percent, combined state and city levies totaling 12 percent, and an additional 3.8 percent tax on investment income to pay for Obamacare, according to Andrew Needham, a tax partner at Cravath, Swaine & Moore. Applying those rates to Soros’s deferred income would create a tax bill of $6.7 billion. That calculation is based on publicly available information such as the Irish regulatory filings, which provide only a partial glimpse into Soros’s finances. The actual tax bill would be affected by factors specific to the billionaire. Soros declined to comment, according to Michael Vachon, a spokesman, as did Anthony Burke, an IRS spokesman.

Just before Congress closed the loophole, Soros transferred assets to Ireland—a country seen by some at the time as a possible refuge from the law. The filings show for the first time the extent to which Soros’s almost $30 billion fortune—he ranks 23rd on the Bloomberg Billionaires Index—came from finding ways to delay taxes and reinvesting the money in his fund.

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http://www.bloomberg.com/news/articles/2015-04-30/george-soros-s-ta...

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It may be illegal for Soros to transfer so much wealth to Ireland while owning deferred taxes... the IRS needs to be informed and asked why they have not acted to freeze his assets before they are all moved out of reach.

thats is easy he supports democrats if he supported conservatives he would have lost everything  and been in prison

Terry, absolutely and repeatedly - if the IRS could do it over and over, they would against conservatives. But, hey, he's a DEMONcRAT and supports OWEbama - he's a "good guy" according to the IRS/libs/progressive/DEMONcRATS.

Why do you think he loves liberals so much ?

oblamea is sorros's sock puppet!  Now do you think that soreass will ever pay his "fair share" of taxes?

"G" it up George. You are going to have the same problem when you meet the GRIM REAPER. Every dog has his day.

Him and Al Sharton, Charlie Rangel, Geithner, Bill and Hill. Many many more.

Well at 84 we can Hope and Pray his days on  Earth are numbered, then he can answer to a Higher Power. GOD!!! He will then receive his rewards for all the good things he has done here on Earth. Hey Georgie Boy I hope you like it warm, I think your gonna be in that environment.

Soros is going to run. The question is where will he run to? However, the first and foremost question is why was the criminal ever allowed into the United States?

SOROS SHOULD BE DEPORTED BACK TO HUNGARY TO FACE CHARGES OF CRIMES AGAINST HUMANITY DURING WW 2 . OWING BILLIONS IN TAXES IS NOTHING COMPARED TO HIS OTHER CRIMES .

he should be look obama should be deported to kenya

Does anyone seriously think that the Obama administration and the rest of the left are going to kill their cash cow by  forcing him to pay taxes? It will just cost him a tiny bit of that to pay off the IRS, and he may have to increase his "donations"  a mite to get  them off his back.   

Besides, all he has to do is stall long enough and he will get an Obama pardon.

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BREAKING: Hillary Admits She Was Wrong About ‘Deplorables,’
White Nationalists Only ‘0.15%’ Of U.S. Population

(TeaParty.org) – Hillary Clinton, the failed liberal presidential candidate who sealed her fate by slamming half of U.S. voters as a load of racist, sexist, xenophobic “deplorables,” just came out and admitted she was wrong, Breitbart reports.

Speaking with Hugh Hewitt on his radio show about her book “What Happened,” he asked her if she actually believes that half of the American population are white nationalists and racists.

“Of the 62.9 million people who voted for President Trump, do you have a number in your mind that you think are actually white nationalist racists of that 62.9 million, a real number?” he asked.

“No, I don’t,” she said.

Still have any doubts? Later in the conversation, Hewitt asked the same question again. “Do you think there are more than a half million, you know, honest-to-God white nationalists running around the United States?”

Clinton: “Probably not, no.”

A white nationalist would like to establish a sovereign country for people of white European heritage, an idea everyone across the political spectrum finds unspeakably intolerable and offensive. Now, the woman who declared that this was the desire of more than half of Americans is saying that virtually nobody wants it. On both counts, she’s completely wrong.

There’s no doubt that Clinton is probably going to try running again for president in 2020 – if she’s even alive that long – and might be trying to absolve her guilt and pander to all those “undecideds” who instantly went MAGA the second she blasted them as no-good racist deplorables for not voting Democrat.

However, Clinton did later admit that there were more white nationalists in America than she had thought. Expressing her worries that the internet and the presidency of Trump is giving them a voice and a platform, she hinted that under her iron scepter, she will attempt to silence them.

“Unfortunately, their views, which used to be quite beyond the mainstream, you know, have a much broader audience now, because you know, of being online and having outlets and media presence that can promote those attitudes,” she said.

How many white nationalists are there in the United States? That’s a question with troublingly few answers, since for some mysterious reason the liberal mainstream media – even though it claims all the time that white supremacy is on the rise – hasn’t actually bothered to take polls and just ask people whether they are white nationalists.

Actually, there’s a simple answer to that. If such a poll were to be taken, our bet is that liberals would be very disappointed to discover that almost nobody is actually a white nationalist, and so there would be no way they could continue scaring people with those fears. A tactic Clinton has apparently given up on.

Left-wingers are entirely convinced that some vague but large majority of people who say they aren’t racists or white nationalists, actually share a lot of views with them – which is why Nazi and white supremacist have become interchangeable with Republican and libertarian.

An article by Newsweek, which polled around 5,000 in order address this very question, came up with this response:

About 70 percent of respondents strongly agreed that people of different races should be “free to live wherever they choose” and that “all races are equal,” and 89 percent agreed that all races should be treated equally. At the same time, 31 percent of respondents said they strongly or somewhat agreed that the country needs to “protect and preserve its White European heritage,” while 34 percent strongly or somewhat disagreed and 29 percent said they neither agreed nor disagreed.

Reality is, it’s a little true that some Americans do have overlapping views with white nationalists, but the overwhelming majority of respondents STRONGLY believe that the races should be free, are equal, and should be treated equally. Sounds like none of these respondents would be joining a lynch mob or waging a second Holocaust any time soon – trying to equate the preservation of white heritage with support for slavery and genocide is obviously one of the Left’s biggest lies, and the very reason why 39 percent of people in this same survey believe white people are under attack.

So Clinton changes her mind, and now says she believes less than one percent of the American population are white nationalists – did she believe there were even LESS than that during the campaign trail? Either way, she’s either just lying or plain stupid.

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