Thursday, November 14, 2013

Great news: 2013 is going to be a banner year… for expatriation « Hot Air

Great news: 2013 is going to be a banner year… for expatriation « Hot Air: "You can always rely on populist progressives to pounce on greedy, selfish, unpatriotic, tax-dodging millionaires and billionaires who have the audacity to put any of their cash in offshore accounts and whatnot, but who’s really to blame here: The people who, like all other rationally self-interested human beings of any level of economic means, endeavor to save more of their own money; or is it the fault of our convoluted, clunky, uncompetitive tax code that makes it worthwhile for them to participate in such schemes? Wake up, America, and remember that this is what happens when the Democrats inevitably come a-callin’ for still more “revenue increases,” especially via even more steeply graduated taxes on those ill-begotten, out-of-touch rich people. Yes, the expatriation rate seems like a minutely small number in and of itself, but it’s a reflection of the type of punishing consequences and incentives currently at work in our tax code for individuals and businesses alike."

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