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To: Publius

Articles like this that show who ISN”T paying taxes are nice, but they are incomplete without the really surprising figure: the top 1% of incomes are paying 40% of the income tax. It should ask the obvious question — “How difficult/easy would it be for that top 1% to opt out?” Because there is no way the remaining 99% can pick up the slack. That would require almost doubling all their taxes.


9 posted on 11/13/2008 4:29:37 PM PST by Kellis91789 (Democrat: Someone who supports killing children, but protests executing convicted murderers.)
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To: Kellis91789
“How difficult/easy would it be for that top 1% to opt out?”

Ah, the bastards are ahead of you. The latest additions to the Patriot Act makes it difficult as of 1/1/2009 to move assets outside the US. If the government thinks you are changing citizenship to avoid paying taxes, they are prepared to use any number of means to get to you.

They have shut the exits.

25 posted on 11/13/2008 4:35:32 PM PST by Publius
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To: Kellis91789
“How difficult/easy would it be for that top 1% to opt out?” Because there is no way the remaining 99% can pick up the slack. That would require almost doubling all their taxes.

Bingo. Some of us in that top 1% are looking at alternatives. Slavery sucks...even if you like your job. If the government is going to confiscate most of your earnings, there is little incentive to work. Just drop below the radar until the dopes figure it out or are booted from office.

59 posted on 11/13/2008 5:15:46 PM PST by Myrddin
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