Is Capitalist Exodus Real?

[mrbob]

Originally Posted by Business owner tax payer

I'm not trying to do anything illegal & I sure don't avoid taxes - I get hit with everything from Federal to state to local. I am asking about the advice I've been given to join other business owners in sending our capital abroad to fund business opportunities there.

I don't think you have anything to be worried about - Obama is NOT going after small businesses. Is your PROFIT over 250,000? If not, you are not affected.

He wants to go after the foreign operations that big companies, like Pharmaceuticals, set up offshore purely as tax havens - they set up phony front offices offshore and use them to avoid US taxes.

Do you fit that category???

[RedNC]

Originally Posted by Business owner tax payer

I own a small business, and I don't consider myself wealthy, but maybe I am under Obama's definition. Anyway, I have received information from multiple sources advising me that if Obama wins the election, I will only have from November 5 until the inauguration in January to get my money out of the country, else Obama's first acts will be to make it almost impossible for me to do so. These sources have been credible in the past, but I can't find any confirming information one way or the other. Has anyone else gotten this advice & if so, do you plan to act on it?

I hope you and the rest of your “credible” sources pack up and leave this country. Good riddance to all of you cry baby’s. All this moronic panicking because you will have to pay another 3% in taxable income over $250k is pathetic.
GET A GRIP! If you are so scared of paying another 3% that you would risk going to another country where the taxes will most likely be MORE and chances of making a successful business work much more of a gamble, then go now. Get out and take your “credible sources” with you.

[Swampmonster]

Originally Posted by RedNC

I hope you and the rest of your “credible” sources pack up and leave this country. Good riddance to all of you cry baby’s. All this moronic panicking because you will have to pay another 3% in taxable income over $250k is pathetic.
GET A GRIP! If you are so scared of paying another 3% that you would risk going to another country where the taxes will most likely be MORE and chances of making a successful business work much more of a gamble, then go now. Get out and take your “credible sources” with you.

I second that.

[TnHilltopper]

closed pending further notice.