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Smart move. Countries are starting to understand you can't just use wealthy people as a cash cow. Overtax them and they will find another country who doesn't.
Smart move. Countries are starting to understand you can't just use wealthy people as a cash cow. Overtax them and they will find another country who doesn't.
Yep. Smart. Taxing them a reasonable amount is better than driving them away with too high of a tax rate so then collecting nothing.
It's relatively easy for the European rich to avoid paying income taxes, though. Swedish Billionaire IKEA founder Ingvar Kamprad paid not one thin dime in income tax to Sweden for over 40 years while he was amassing his personal fortune merely by living in Switzerland during that time.
Smart move. Countries are starting to understand you can't just use wealthy people as a cash cow. Overtax them and they will find another country who doesn't.
Ok. Why don't you like-minded thinkers go ahead and flock to the red state of your choice and eliminate all your taxes -- state, sales, income, property, etc -- and just wait for the windfall exodus of millionaires from all over the world. You could be the lowest taxed jurisdiction in first-world countries -- just eliminate all your state taxes.
If you read the link I posted this is the main reason they decided on creating the tax cuts. The new tax cuts did not create the hot mess that has been going on for years.
Ok. Why don't you like-minded thinkers go ahead and flock to the red state of your choice and eliminate all your taxes -- state, sales, income, property, etc -- and just wait for the windfall exodus of millionaires from all over the world. You could be the lowest taxed jurisdiction in first-world countries -- just eliminate all your state taxes.
High taxes only work worldwide when all countries are playing the same game. Ireland, the USA and now Italy have destroyed the scam that was being played by the globalist tax and spenders.
Ireland lowered their corporate tax rates and it has been booming for years. Doing much better than the rest of Europe. For that the EU wants to punish them and was against us lowering are taxes. I am sure they will try to stop Italy from deciding how they can run their country also.
If you read the link I posted this is the main reason they decided on creating the tax cuts. The new tax cuts did not create the hot mess that has been going on for years.
I never said they did. The point being they are moving to a place that has serious issue. i.e. buyer beware.
And I did read your article which was woefully short on details such as did they have to keep x amount in Italian banks.
I never said they did. The point being they are moving to a place that has serious issue. i.e. buyer beware.
It might get stolen vs. it will get stolen
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