................................................................................. I know you get it....one of the few..... ................................................................................... This is why one has to make the world their own oyster.... And F this bullshit.... Become very very independent....keep your sanity....
Singapore is on my list. Ireland is sort of backsliding right now. Austria is another. Of course there are places like St. Kitts which are tax havens and which will give you instant citizenship if you invest in the country. The thing is that it almost doesn't matter where you get citizenship - as long as it's not here. North Korea and the United States are the only countries that tax their citizens living abroad. So, you could have French citizenship (France's top marginal tax rate will soon be lower than America's) and live in a tax Haven like the Virgin Islands, trade from there and pay their ridiculously low tax rate (4%, is it?). Meanwhile, the U.S. is already ruining any citizen trying to escape the massive tax burdens it imposes on them by going after tax shelters with ruinous penalties and jail time. Already America makes it very difficult to give up American citizenship. How long before the U.S. closes the borders like the Soviet Union? The American people, who regularly vote for an increasingly smaller minority to pay for the lifestyle to which they have become accustomed are likely to support that since it will keep the most productive from leaving the country. Hopefully, this won't happen.....but the probability is increasing.
Even in states with no income tax, your tax rate will still be higher than FRANCE. Of course, if you're already wealthy you can bring it down by investing in Munis. So, these tax increases will hurt predominantly the poor and the young because it will be harder for them to find jobs and if they do, it will be harder for them to build wealth because of the tax rate.
I completely agree. Of course, you can't ignore congress allowing Fannie and Freddie to compete in the liar loan and subprime market, but the Fed is a major cause. The trouble with stomping on the interest rate is that while you let more money into the system, you have no control over where it goes. If you do have control, you have no idea if it's going to its best use. Control in an economy is an illusion - as it is in practically everything else in life.
You people crack me up. Go live in Singapore, send me a postcard if you last more than a week. http://www.theepochtimes.com/news/5-5-3/28402.html And don't forget, don't accidentally drop a wrapper on the ground or you'll be put in jail or caned. You complain about oppressive government here-- good luck!
The notion of "making a success of yourself" will be abandoned. In its place will be "ACCEPTANCE of the social framework and that it will be very difficult or impossible to improve you lot in life, so why bother?" Eventually, everyone will be the same and have the same... equally miserable... just what government desires.
If you do, don't buy a house. States with no income tax have to make it somewhere... sky-high property taxes are #1.
True, but at least in a no state income tax state like Tenn., nice homes are relatively inexpensive. If someone's really has a bad taste for taxes, they could live in Vancouver, WA (no st. income tax) and do your major purchases (except cars) right across the river in Portland, OR (no sales tax), but they will be screwed by property tax..
Such things require a little planning. If when you get to retirement your income will still be high, you might want to live in a "moderate state income tax" state with lower property tax. If your retirement income is not going to be high, living in a "high property tax state" could be devastating...