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FurdTurgason

France raising taxes on rich, who in turn flee in droves

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Agree with you for once. Stupidest idea ever.

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French millionaires look at our 35% tax rate going to 39% on the rich and call us pussies for crying over it. When french think you're a pussy, YOU A PUSSY

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The US a microcosm for the world.

Everyone wants to do business in "south carolina"

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The US a microcosm for the world.

Everyone wants to do business in "south carolina"

so south carolina is the US's china?

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No, just saying that the rich and businesses around the world are going to search for the lowest rates and best places to set up shop.

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People are moving from France to Switzerland or Belgium. I'm guessing this is pretty easy within the EU. And I'm guessing you have no need to renounce your citizenship since pretty much every country in the world except us does not tax their expatriates.

To renounce your citizenship and stop paying taxes from the USA is difficult and expensive. When I was looking at it (not very seriously) you had to keep paying tax for 10 years. Now I think you can settle with the IRS with a lump sum.

What if you just leave? Well you better not try to come back in or make investments in the US.

Still we have a record number of people renouncing their US citizenship

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No, just saying that the rich and businesses around the world are going to search for the lowest rates and best places to set up shop.

you mean like new york?

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The US a microcosm for the world.

Everyone wants to do business in "south carolina"

Yeah man, South Carolina is fuging awesome!!! Said no one ever.

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