Happened in 'Great' Britain, Happening in France.  Of course it'll NEVER happen here!

Almost two-thirds of the country's million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed.

I believe this is the fluorescent Pink gay elephant in the room no one is talking about.
There are a whole lot of people setting up secondary citizenship's in tax friendlier countries, prepared for the day Husein crosses the proverbial line into Marxism.

There are many countries courting the rich, Australia is running ads, as well as New Zealand and some South American as well.
But do you think the rich hating libs see the problem they're creating?
This is like setting your own skin on fire because you have freckles, but they don't don't care as long as it punishes the rich they are sooo envious of.

What I can't figure is how the United States three wealthiest people are libs (according to Forbes) Bill Gates, Warren Buffet, and Oprah.  Yet pubs are "the party of the rich". 

The richest in Congress are also Democrats, but I think most of them inherited their money or used their influence in Congress to accumulate wealth.

Quote from: Solar on November 28, 2012, 06:01:01 AM
I believe this is the fluorescent Pink gay elephant in the room no one is talking about.
There are a whole lot of people setting up secondary citizenship's in tax friendlier countries, prepared for the day Husein crosses the proverbial line into Marxism.

There are many countries courting the rich, Australia is running ads, as well as New Zealand and some South American as well.
But do you think the rich hating libs see the problem they're creating?
This is like setting your own skin on fire because you have freckles, but they don't don't care as long as it punishes the rich they are sooo envious of.

And the marxist governments always end up embracing some degree of free market principles. Yugoslavia, China, and currently Cuba, to some extent, are all examples of this.

Quote from: CubaLibre on November 28, 2012, 10:59:37 AM
And the marxist governments always end up embracing some degree of free market principles. Yugoslavia, China, and currently Cuba, to some extent, are all examples of this.

Nice to see you dropped in from your reevaluating CL.  Hope all going your way young man.

Quote from: walkstall on November 28, 2012, 12:38:27 PM
Nice to see you dropped in from your reevaluating CL.  Hope all going your way young man.

Good to be back. Looks like the post-election craziness has died down here as well.

Quote from: CubaLibre on November 28, 2012, 01:46:38 PM
Good to be back. Looks like the post-election craziness has died down here as well.

We do have the I told you so, but that is normal.      

The strange thing about it is that wealthy British citizens often invest in the UNITED STATES....I know for a fact they pour billions into the stock market, buy Bonds, T Bills etc that adds a lot to our tax revenue.
Capitol gains tax at 15% is a bargain!!!!!!

Now that Hussein wants to tax capitol gains at 23% guess where that revenue from foreign investors is going? Thats right.... to countries that keep the tax rate at 15% or lower....Australia is one. Due to their mining and gas production (exxon just opened a big office there), that is THE place to invest.

It is real easy to set up an account in Australia, easier for a Brit.

Billy

Quote from: BILLY Defiant on November 28, 2012, 03:36:52 PM
The strange thing about it is that wealthy British citizens often invest in the UNITED STATES....I know for a fact they pour billions into the stock market, buy Bonds, T Bills etc that adds a lot to our tax revenue.
Capitol gains tax at 15% is a bargain!!!!!!

Now that Hussein wants to tax capitol gains at 23% guess where that revenue from foreign investors is going? Thats right.... to countries that keep the tax rate at 15% or lower....Australia is one. Due to their mining and gas production (exxon just opened a big office there), that is THE place to invest.

It is real easy to set up an account in Australia, easier for a Brit.

Billy

Australian tax rates are actually pretty high, the personal tax is progressive and any income above 180K (iirc) is taxed at 45%. Their corporate tax is also at 30%, but of course there are deductions etc. Don't think they'll be the next tax haven, but certainly a decent country to move into if you're looking for good paying jobs. Like the Canadians, they mine their natural resources to get out of the recession.

Quote from: rocca on November 28, 2012, 04:25:30 PM
Australian tax rates are actually pretty high, the personal tax is progressive and any income above 180K (iirc) is taxed at 45%. Their corporate tax is also at 30%, but of course there are deductions etc. Don't think they'll be the next tax haven, but certainly a decent country to move into if you're looking for good paying jobs. Like the Canadians, they mine their natural resources to get out of the recession.

They aren't a tax haven by any means I know more than a few Aussies who retired and move out of there to avoid their growing personal taxes..however Australian Equities (mostly mining and gas stocks) are still at taxed at 15%...they encourage investment thus.

Elsewhere in Asia equities and other investments range from 15% on down to 10% it isn't hard to do the math in these situation's. Esp[ecially when their GDP and project growth exceed ours.

Billy

Quote from: Yawn on November 28, 2012, 05:43:34 AM
Happened in 'Great' Britain, Happening in France.  Of course it'll NEVER happen here!

Almost two-thirds of the country's million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed.

The more you tighten your grip, the more star systems will slip through your fingers