You can do all those things, but is it a good idea to run for president in that case?
Now, is this comparable?
Although it is not apparent on his financial disclosure form, Mitt Romney has millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven.Sure, a tax shelter in another country is legal. But isn't it a trifle sleazy? Less than completely patriotic? Getting away with everything you can?
Or is that just me?
... In comments, veteran commenter Ugh is skeptical that there's any savings to the Cayman funds. Political Wire now links to a WSJ (!) story saying Romney is indeed deriving a tax advantage.
As with any such story, there are two unrelated questions: is it true, and who's pursuing their advantage by arranging to promulgate this story?