Millionaires Go Missing; This is what happens when politicians target the "rich" (bias, economic)

[Who?Me?!]

Originally Posted by ViewFromThePeak

Um...move money in physical assets and secret accounts overseas that cannot be touched by Uncle Sam? Where there's a will, there's a way.

Ya mean they don't do that NOW!!!????

Wow! They must be stupid!!!

[HappyTexan]

Originally Posted by wade52

If they hate America so much that they aren't willing to pay some taxes, let 'em go to India, China, or Columbia, then.

Adios, cheapskates!

Try Costa Rica. I wouldn't call them cheapskates when Obama's plan is to tax the rich to give to the poor.

It might not be so bad if the government was fiscally responsible but we all know they are not..don't reign in spending..tax more instead.

[ViewFromThePeak]

Originally Posted by Who?Me?!

Ya mean they don't do that NOW!!!????

Wow! They must be stupid!!!

Moving money to physical assets is not highly profitable under current conditions. It becomes profitable and worth the risk if federal tax rates rise too quickly. Right now, people are just leaving MD because there are other states as options. If the Federal government raises rates, the only way to avoid paying them is to go underground, or by leaving the country and refusing to pay during the expatriation time frame.

[wade52]

Originally Posted by omle

Uh...No. Sometimes not. Let's say Wade52 has 1 mil. His taxes are half of that. Wade52 no longer is a millionaire.

Now....let's say Wade52 has 100 million and his taxes are 70% and the country (or state) of Promisedland has a tax of 20%.

Wade52 will think about leaving the tax high country or state and moving to the Promisedland.

Pity the po people that live off the teat in tax high country! Wade will no longer be there!

You do understand this concept, don't you?

Uh, please explain it to me in shorter words and simpler sentences.

Meantime, millionaires are still millionaires after they pay their taxes.

The question I have for you is very simple:

"Why are you polishing their apples?"

[wade52]

Originally Posted by HappyTexan

Try Costa Rica. I wouldn't call them cheapskates when Obama's plan is to tax the rich to give to the poor.

They'll pay a lower percentage under Obama than they did under Reagan.

Poor milionaires! Having to take refuge in a banana republic.

It might not be so bad if the government was fiscally responsible but we all know they are not..don't reign in spending..tax more instead.

You didn't notice the government's spendng problem until January 20th.

[ViewFromThePeak]

Originally Posted by wade52

Uh, please explain it to me in shorter words and simpler sentences.

Meantime, millionaires are still millionaires after they pay their taxes.

The question I have for you is very simple:

"Why are you polishing their apples?"

Maybe because he has a nice job working for a small MILLIONAIRE business owner instead of being a gubmint employee?

[HappyTexan]

Originally Posted by wade52

They'll pay a lower percentage under Obama than they did under Reagan.

Poor milionaires! Having to take refuge in a banana republic.



You didn't notice the government's spendng problem until January 20th.

This is about local/state taxes rate increases. Obama's rate increases haven't hit yet.

[Jadex]

Originally Posted by pghquest

last week I posted a link about New York, this week Maryland, liberals response will be.

Well if we increase taxes EVERYWHERE, they will have no where to go..

lol rep to you

[lamexican]

Leave it to conservatives too run with an opinion piece from possibly some Joe The Plummer and mock a nobel prize winning economist like Krugman. Their logic is baffling.

[ViewFromThePeak]

Originally Posted by lamexican

Leave it to conservatives too run with an opinion piece from possibly some Joe The Plummer and mock a nobel prize winning economist like Krugman. Their logic is baffling.

Krugman didn't win the nobel prize for anything related to this crisis, tax policy, etc. My specialization is in data mining, and I will be the first to inform you that I know very little (relatively speaking) on network theory. Economics doesn't have "jack of all trades".