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To: PA Engineer
You think an effective Federal Tax rate of 33% (2002) is not enough.

Nope. You made that up.

Add to this all of the other taxes and our joint gross tax rate is 46%.

Let me ask again, what do you mean by "gross tax rate?" You remind me of a guy I was talking to the other day. He said he used to pay something like 70% in taxes. I challenged him on that number. It turns out he simply added up all the tax rates paid. That is, 30% income tax + 8% sales tax + 2% car tax and so on. I'm sure you're not as 'innumerate' as that, but I don't know what you mean by 'gross tax rate.' Some taxes are deductible from other taxes, so simply adding them all up is meaningless. It's the net final taxes paid that matter.

All I keep hearing from you is progressive envy to soak the rich.

You are delusional. I've never expessed that.

Many of my friends are heading out of country because of this. I have been looking myself, but have only decided to send my investments off-shore for now.

OK, thanks for revealing where your loyalty is. And don't forget that you'll be liable for paying US income tax as long as you're a citizen regardless of domicile unless you're a tax cheat. Hasta la vista.

United States citizens living abroad are required to file annual U.S. income tax returns and report their worldwide income if they meet the minimum filing requirements for their filing status and age.
IRS FAQ

80 posted on 10/15/2003 7:48:28 PM PDT by Looking for Diogenes
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To: Looking for Diogenes
Nope. You made that up.

You are calling me a liar? After AMT (your liberal progressive maximum taking) the final rate is 33%. What is your Federal rate? I have a couple tax programs also.

Let me ask again, what do you mean by "gross tax rate?

Federal, State, Local, and self-employment taking. Do you know anything about taxes? I kept it simple so as not to confuse you.

Some taxes are deductible from other taxes, so simply adding them all up is meaningless.

For someone who thinks they know the tax code you are a sandwich shy of a picnic here. Go back and study the AMT. I will understand if you are unable to understand these complexities.

OK, thanks for revealing where your loyalty is. And don't forget that you'll be liable for paying US income tax as long as you're a citizen regardless of domicile unless you're a tax cheat. Hasta la vista.

To a progressive who is soaking the working "rich" I can understand how you confuse loyalty with reducing a taking. I will stick with my opinion that your are an envious liberal who is incapable of understanding the complexities of the US tax code nor the many negative ramifications it is having on our economic well being.
81 posted on 10/15/2003 8:53:38 PM PDT by PA Engineer
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