is the income tax necessary in the US

Discussion in 'Economics' started by zdreg, Nov 5, 2012.

  1. Klemen

    Klemen

    I guess to become reach (not all) person must neglect a majority of their moral and ethic code. And until that will change we cant hope for any significant turn.
     
    #21     Nov 6, 2012
  2. So why can a corp do this and not a person?

    If you feel this is fair than they should allow individuals to move their retirement accounts, investments, pensions, annuities and bank accounts offshore and receive the same tax treatment.

    Defer taxes on gains until repatriated (if ever) and all of our seniors will happily live in the Caribbean just on tax savings alone. They would gladly pay taxes on any money they transfer back to their US bank accounts... of course their US accounts would always remain empty.

     
    #22     Nov 6, 2012