I agree. The goal is convert income from earned income to passive income or to long term capital gains. Buying rental property helps.
Because they already paid taxes on it as it was earned. Just like the estate tax. Double taxation. Govt greed pure and simple.
I grasp the deep meaning. Where did you get your research? NPR.org? I am glad corps have found a way to pay less taxes, it keeps them and their jobs here. Otherwise many more on welfare which is the liberal dream. Welfare and poverty for all.
educate yourself. the withholding tax is designed to catch untaxed capital gains from fleeing the country. it is not double taxation.
so its ok with you that google is able to pay 2.4% tax while banking billions? http://www.bloomberg.com/news/2010-...illion-u-s-revenue-lost-to-tax-loopholes.html
Any place with a 30k population gets boring after a while. I'm sure it can be fun for a few weeks, but living there would be dull IMO.
First point is not true, because cost of living affects normal people. If somewhere is pricey, then only the rich, and those who live off them, will be able to live there. That's why, for example, Belgravia is the most boring part of London. Most people are not rich, and being surrounded only by rich people and their de facto servants is boring, compared to being in a more varied social milieu. If a glorified hot dog costs 100 CHF then a starving artist or curvaceous 19 year old burlesque dancer probably can't afford to live there. I agree about Switzerland and Monaco - do you have any recommendations for interesting places to live?
Living on the move is not comparable to living in one place. Changing accommodation repeatedly is a serious hassle. Many activities can only be done properly if you put down roots of some kind. Owned property is more enjoyable than rented property, but is a major hassle to manage from long distance. Relationships don't work over long distance, casual pickups are harder when there's a language barrier. Contacts take time to make and tend to be in one area - if you move away just after building up a network, it loses a lot of its effectiveness. Rebuilding a social life in a country full of strangers takes time and effort. Different cultures need adjusting to. There's also the problem that only a small number of places are the best places to live in. If you are moving to new places all the time, by definition you are not living in the best places most of the time. IMO living on the move is a good thing for a while if you are single with no responsibilities, but over the longer-term its downsides begin to grate. There are many civilised first world countries where you can structure tax to get the overall burden down to tolerable levels. For example, you can longer-term trade financial markets virtually tax free in the UK via spread betting. In the US you can be a long-term stock or property investor and pay a mere 15% on your capital gains. Some European countries don't tax capital gains at all. Ireland taxes companies at 12.5% (although that may rise). Quite frankly, in many cases it is worth paying an extra 10-20% in tax to live in your home country, where you know how things work, can communicate with 100% effectiveness, and do not have to move around constantly. Whatever you earn now, ask yourself would you go and live in Mongolia or Saudi Arabia if you were offered a 50% pay rise. If you answered no, then why vacate a reasonably civilised home country, for the de facto 50% pay rise that you get from moving to a tax haven or becoming a perpetual traveller, and avoiding 1st world taxes?