Kasz216 said:
TheRealMafoo said:
Kasz216 said:
I've seen this thing a few times and I always have the same question.
Where overseas is the atmosphere somewhat friendlier?
Sure places like the UK are less progressive but you end up paying more taxes overall... and you don't pay too much taxes on capital gains in the US where a bunch of people make their money.
So... where are these people moving? Dubai?
This is something most people seem to miss too... the US has an extremely progressive taxation scale.
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To use this analogy, let's say if you drank in 4 bars, they divided your income by 4. So buy visiting a new bar ever 4th night, he moves from the richest down to the 8th or 9th richest, and saves a lot of money.
All the countries in the world don't add up all your income, and then figure out your tax rate. If tax is progressive, it makes sense to make your money in more then one country.
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Wouldn't that then be the case regardless?
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Not sure I get the question.
I mean if I was a man making 100 million a year, I would much rather make 50 million in the US, and 50 million in the UK. (or even better, 34 US, 33 UK, 33 somewhere else).
I think everyone would agree that spending 100 million in the US would be better for the US then spending 50 million here. It would be nice if the US had a tax system that made it inviting to do so.
Also, with the new energy costs, this is going to get even worse.
