Originally Posted by djs
Originally Posted by bigwhoop
The real problem with offshore investments is that our confiscatory rates are so high that forces the wealthy to look elsewhere to invest. How stupid is that?
Oh, I know you socialists want it all........but you will only get it once.


US tax rates are on the low side of the scale, not confiscatory; especially as to the 15% on capital gains. here's a chart comparing rates with other nations: http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates

And, income taxes are only one form of tax levies. Real estate, sales, and, other taxes are higher in many other parts of the world.



People invest in other parts of the world ALSO to make money on foreign investments.
Its called diversifying your portfolio. With the minimums being between 100K and 1M plus expenses associated with doing that, I am sure their tax advisers have looked at the pros and cons.
What other class warfare argument are you going for next?

Last edited by bigwhoop; 09/25/12.
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