Multimillionaire Democrat Using “Loopholes” To Avoid U.S. Taxes

Given that Manhattan multimillionaire Aaron Woolf recently said “we need to close tax loopholes for millionaires and billionaires,” we simply have to ask – why is he dodging U.S. taxes and taking advantage of “tax loopholes?”

After all, according to his personal financial disclosure (pages 18-19), Woolf profits from a bank account in Mauritius – an international tax haven in the Indian Ocean – and benefits from significant holdings in Indian hedge funds.

And just keep this in mind – Woolf has more money invested in Mauritius ($50,000) than the median salary for St. Lawrence County ($43,745).

So it’s really a simple question that Woolf has to answer – if millionaires should pay their “fair share” should you lead by example and stop dodging U.S. taxes?

NRCC Comment: “When Manhattan multimillionaire and policy lightweight Aaron Woolf talks about closing ‘tax loopholes for millionaires’ he is hoping no one will bring up his own use of an international tax haven to avoid U.S. taxes. In fact, Woolf has more money parked in Mauritius and India than the median salary for St. Lawrence County workers.”– NRCC Spokesman Ian Prior