Posted on 02/16/2016 8:50:57 AM PST by DeathBeforeDishonor1
Tax season is unpleasant for everyone (except for the IRS, that is). But imagine the plight of many popular British bands in the ’60s. In the U.K., the new millionaires had to pay a whopping 95 percent of their income in taxes. The Beatles’ George Harrison wrote “Taxman†to protest the unfair split: “There’s one for you, 19 for me.â€
“‘Taxman’ was when I first realized that even though we had started earning money, we were actually giving most of it away in taxes,†Harrison said in 1980’s I Me Mine. “It was and is still typical.â€
Many rock stars in this time became “tax exiles,†whereby they established residence in a country with a considerably lower tax rate until they could pay off their debt. The Rolling Stones were one of the first to employ the practice when they moved to France in 1971, and the trip also led to the title to their classic LP Exile on Main St.
“Back in the ’70s taxes were a lot higher worldwide than they are today and there was something anti-establishment about being a tax exile,†says Nicholas Shaxson, author of Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens.
(Excerpt) Read more at ultimateclassicrock.com ...
That’s correct. The Stones, Bowie and Stewart have been apolitical.
Pay your taxes like a good little subservient.
Thank you for the advice, FReeper TROLL.
He’s a tad obvious, isn’t he? :)
Its okay , democrat.
“Its okay , democrat.”
I take back the troll comment. Your chief problem is that you aren’t very intelligent. Now this is not your fault. One can only play the cards one is dealt in life. Good luck!
When that song came out, Harrison was attacked by every leftist critic in the music world as being a greedy b**tard who didn't want to share his wealth.
IIRC I remember Harrison saying at the time he didn't mind paying his fair share, "but by gawd, 95%!!!" he exclaimed.
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