Quote:
Originally Posted by Sausage
Increase taxes on the rich (who already pay most of your taxes for you) .. not a good idea. Eventually it reaches a point where they say "fuck you" and move everything offshore to one of those hundreds of countries that know taxing the rich too much is a bad bad idea.
Gotta love the sense of entitlement from the poor.
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Here, if you're an American you pay global tax on money earned, you report your income either way otherwise it's criminal. Some rules change a little once you live off shore, but if you live here you can make all the money you want some place else and you're still paying taxes, unless you're not the majority owner - but you would for any direct income earned.
The taxes aren't increasing, they're simply going back to a previous level. A level which did not have rich people running from our Country but making the most money ever in history.
Just 5-8 years before that, taxes were crazy higher than they will be returning to... again, they didn't leave the Country and during that time the economy sucked for a good bit too. But as always it helps boost things and turn it around for the future.