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Best Posts in Thread: file under reasons why I am living here instead of U.S

  1. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Doesn't really do much to catch the rich that hide their money in investments and offshore accounts does it? I think the arguments they are making (mainly the cyber security issues) are missing the mark. The IRS already stores massive amounts of information on citizens. They completely missed the mark on the objections to this. The rich don't have much taxable income. Their wealth is tied up in investments and they take loans out (that are not considered taxable income) to fund their lavish lifestyles. If you want to hit the rich, while leaving the average American alone, you need to raise the tax rate on capital gains over a million dollars.

    The politicians certainly know this but don't want to offend their campaign financers. A pathetic attempt to make it look like they are going after the rich.
     
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  2. cabb

    cabb DI Forum Patron ✤Forum Sponsor✤

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    I wasn't proposing that as a tax strategy for the average person, just sharing some of the interesting ways the rich avoid taxes.
     
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  3. john boy

    john boy DI Forum Luminary

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    The reason I don't talk about money is, I've never had enough to talk about it!
    But contentment is priceless!
     
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