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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We do well. I am not complaining and feel very fortunate to have two very good paying careers. But we just did our end of year tax analysis with our CPA and [b]our effective tax rate when adding federal plus DC taxes is 45%[/b] (36% federal, 9% DC and DC is only "low" because a lot of our income is through a DC C-Corp which is taxes slightly lower at 8.5%).

45% of our income going to taxes. Nearly half of what we take home.  And yes -- we are utilizing every single tax strategy under the sun available to us and work with a very good CPA.

So let's change the complaint from "tax the rich" to "tax the billionaires" because [b]the regular rich are playing PLENTY in taxes already. [/b]Sigh.  [/quote]

1. Don't live in DC.
2. Nope.

-- someone who works in tax policy[/quote]

“Nope”?

Great, glad our tax policy folks have such great arguments as to why people should be giving away half their income in taxes. I feel a lot better now. [/quote]

You're certainly free to go to country that provides fewer services to its residents. You've already made your millions, so you can afford your private security. While you can insulate yourself to a a large degree, you'll still get some exposure to the impacts of living in a low-tax country.

After a kidnapping or two, or some shakedowns for bribes, perhaps you'll have greater appreciation for the substantial benefits you receive from government services in the US. You don't seem to understand that you're getting a very good deal. Taxes and policies are just enough to maintain a moderate degree of social stability, but they don't get in the way of your ability to get filthy rich. Quite the opposite.[/quote]

A number of EU countries have flat income tax, as well as great social services, and much lower violent crime rate than the US. [/quote]

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