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.

He was talking about corporate taxes. When your business earns money it has to pay taxes on it and then you pay taxes on it again.



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