Current Quarter's Expenses.
Please Donate Tonight!
FReepathon Day 59!!
Posted on 11/28/2012 5:08:32 PM PST by PilotDave
Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed.
(Excerpt) Read more at telegraph.co.uk ...
I hope they can all get the hell out of here too. Hopefully, they will be able to take most of their hard earned money with them. It’s theirs.
Why introduce common sense, or reality?
BUMP
I bet revenue dropped big time
50%
That’s what killed the Beatles. Taxes. Why bother when the gov’t takes 90% of what you earn.
if anyone can curb taxable expenses, and even quit working and thus stop a source of taxable income, it is “the rich”.
This won’t happen to California, luckily. Gov Jerry Brown says people and companies won’t leave the state due to his new higher tax rates because there is beautiful weather and lots of fun outdoor activities here.
My advice to those who die, declare the pennies on your eyes...
This desn’t include how many millionaires dropped their income below the threshhold, transfered cash into other benefits or assets and whatever else to avoid this tax.
Far larger is the impact of the reduction in efforts to increase income.
In effect the impact of the tax is to pay people not to work harder.
We are planning to leave California as well as the country. Looking around now. Any Freepers in Guatemala or Thailand or Panama?
Check out the Philippines . Contact AlexW , a freeper for info . I’m in Japan , but have been here for 27 years .
Let me tell you how it will be
There’s one for you, nineteen for me
‘Cause I’m the taxman, yeah, I’m the taxman
Should five per cent appear too small
Be thankful I don’t take it all
‘Cause I’m the taxman, yeah I’m the taxman
If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat,
If you take a walk, I’ll tax your feet.
Don’t ask me what I want it for
If you don’t want to pay some more
‘Cause I’m the taxman, yeah, I’m the taxman
Now my advice for those who die
Declare the pennies on your eyes
‘Cause I’m the taxman, yeah, I’m the taxman
And you’re working for no one but me.
Aparently 99% of Reuter’s readers need to have that fact carved into their foreheads backwards, so that they can read it every time they look in the mirror.
Great point Jonose, I should have thought of that. Much much bigger than that is the loss of all the folks employed by the very rich who lose out when the rich go gault. Again, the Luxury tax. This is all old learning. They’re premise of raising 100 billion is false. It will probably net out costing the US 300 billion.
“Coming to America”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.