Just sent a $6000 check to Uncle Obama today. I guess I'm one of those "rich people" everyone wants a piece of
$3,500 myself this year. That hurts. Yeah, it's hell being one of the ruling elite. I'm not a 'tea party' type, but I swear, at some point, the federal government is going to have to get off it's citizenry's back or they're going to find themselves in the middle of backlash the likes they haven't seen in a long, long time.
I'd vote for any candidate supporting the demolishment of the IRS, and the implementation of a 10-15% universal flat tax right now and without blinking an eye.
So much for that plan.Forbes said:What if you pack your bags now? For those who expatriate after June 16, 2008, the rules are different, since Internal Revenue Code Section 877A applies instead of Section 877. You are subject to an immediate exit tax, which deems you (for tax purposes) to have sold all of your worldwide property for its fair market value the day before your departure from the U.S.
Oh, and just in case any of you were considering renouncing your citizenship:
So much for that plan.