Quote:
Originally Posted by Pornless
36% is a lot higher than 0%.
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you cant get your money out of the US/EU for zero and rich people aren't going to close down their companies or relocate them to 3rd world countries just to skip paying taxes.
they may have an incentive to move their residence, but taxes aren't one of them. most expats don't pay local taxes, and most rich guys can live wherever the hell they want. they move around so much that Visas are a non-issue.
this deal would be more suited to middle class retirees, so that Florida and Arizona don't get all those pension checks. go tell Madison Ave.
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