In this Nov. 13, 2012 file photo, a man walks in front of the Capitol in Washington.
Associated Press
One of the arguments against raising the tax rate on the top bracket is that the very rich will claim their citizenship to be of another country that offers a lower tax rate. The reasoning is that the U.S. will end up with less dollar revenue after the tax rate is raised than at the current rate. Should we pity them because they will be able to afford merely a 40-foot yacht instead of a 44-footer?
I am a World War II veteran and have flown 35 missions over Germany as a lower ball turret gunner on a B-17 bomber. I receive a disability pension of $129 per month. I'll bet I could talk some of my buddies into going in with me and contributing our earned pension money.
Then, perhaps one person could afford their 44-foot yacht and choose to stay as an American citizen.
Sam Wyrouck
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Great letter. I highly doubt any would give up their citizenship to merely pay less in taxes. But if there are well go ahead and leave. Don't let the door hit you on the way out.
Well, if someone considers a return to Clinton-era tax rates "class warfare", I suppose that only getting a 40-foot yacht instead of 44 really is the dawning of evil Communism. Some conservatives tell us that you can't be poor if you More..
I practice international tax for a living and am well acquainted with the tax laws of many countries as well as our own. Most of the comments regarding taxes I read on this board (not just regarding this article) display incredible ignorance.
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