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Friday, April 24, 2009

Where will you go?

From this story concerning increasing marginal tax rates in the U.K.:
The Treasury will lose £800 million a year and tens of thousands of jobs will be lost as the controversial proposal backfires.

Measures contained in this week's Budget, including the introduction of a 50 per cent tax rate for those earning more than £150,000 and the abolition of personal allowances for people earning £100,000, has led critics to suggest that high earners could now leave the country.

Folks might be able to leave Britain for Switzerland and avoid taxes in Britain, but where do U.S. citizens go to avoid the high marginal tax rates coming here?

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