Hay, I may agree both sides of ledger needs to be looked at, but I have continued to say cut spending first. Now, what about it since you support raising federal taxes. Could this not harm local and State govt that rely on sales taxes?
your like a politician. You respond to what you like and dodge the most important parts.
Last edited by mike2810; 09-30-11 at 09:28 AM.
"I can explain it to you but, I can't understand it for you"
jacking up taxes on the rich is how they will66% of Americans, can you read that, grab your money and run, opps read on it does not appear that you can out run your taxesIn the United States, President Barack Obama has called for a new minimum tax called the "Buffett Rule" for American households that make more than $1 million annually. A recent USA Today/Gallup poll showed 66 percent of Americans support increasing income taxes for wealthy individuals.
U.S. citizens are liable to U.S. tax wherever they are in the world, making it virtually impossible for them to become legal tax exiles -- a possibility open to Europeans, many of whom have set up home in tax havens like Monaco and Britain's Channel Islands.
Americans cannot even escape these obligations by renouncing their citizenship, says Sydney E. Unger, a partner in the tax department of New York law firm Kaye Scholer LLP.
"If you want to renounce...you have to file tax returns for (the) last five years, and there is now an imposed exit tax. If you have a lot of assets, you have to pay tax on them as if you had sold them," he said.