What other reason would the new money be cashing out.
Like hedge fund managers will no doubt have to pay income tax in the near future.
2007-11-01 12:03:22 · 8 answers · asked by whirling W dervish 2 in Politics & Government ➔ Politics
It's pure greed. One house in the Cayman Islands is home to over twelve thousand American corporations. It's the immoral and unethical people who have amassed fortunes off of others who are not willing to pay their fair share. I think it might be republican heaven.
2007-11-01 12:32:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It's too soon for that. They shouldn't be so panicky.
I have plans in the event that a Hillary presidency gains momentum.
The money will go to Turks and Caicos and my butt is going to Costa Rica.
I don't suggest that plan for the young but, if you are retired or near retirement it's the only smart thing you can do.
The young will be fine. You're not going to get whacked that hard unless you are making over six figures now. Hang in there.
You old farts, follow me. I'll be there giving surfing lessons.
2007-11-01 12:10:55 · answer #2 · answered by Anonymous · 1⤊ 0⤋
And therefore the money is out of the economy and not taxed at all. Lower taxes= higher tax revenues and more money into the economy
The "super rich" already pay the lions share of the taxes. Why screw them even more which in turn screws us all as they take their money out of the economy
2007-11-01 12:11:17 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Is there any evidence that is happening? And i got news for you tax increases effect nearly every income level. Anyone who says different is misleading you big time.
2007-11-01 12:27:10 · answer #4 · answered by smsmith500 7 · 0⤊ 0⤋
They've been doing it for the past 6 years. Haliburton is now an offshore company.
2007-11-01 12:09:14 · answer #5 · answered by Anonymous · 0⤊ 2⤋
dude,the top 10% pay 68% of the taxes in the USA. so,what do you think they will do if their assets are threatened by the lib gov. ? hello offshore.......
2007-11-01 12:17:33 · answer #6 · answered by Anonymous · 1⤊ 0⤋
that's happenning during the BUSH years, not the Clinton years, nor during the next Clinton years (after 01-20-09) so no, its not about any "Dem Govt" tax.
2007-11-01 12:07:37 · answer #7 · answered by Zinger! 3 · 0⤊ 2⤋
I hope that global warming sinks their desert islands!!
2007-11-01 12:07:32 · answer #8 · answered by Anonymous · 1⤊ 2⤋