michaels39301 Wrote: Hey Dutch, what is the European tax rate on those making under a million? I ask because if the rate on those at exactly 1 million is 75%, their "take-home" would only be $250K. If the person making making $600,000 was taxed at say 50%, then a "take-home" of $300K would be more than the person making a million. This would definitely get the millionaires hacked-off to no end, I bet.
michaels39301 Wrote: hanks for the info Dutch. I bet Paulson was just following the example set by Romney and maybe Ryan too. I think I heard that there are actions in Switzerland to report all the interest earned at their institutions, to the country of the account owner's residence. That will be a big first-step in the process to get all interest earned by U.S. investors reported to the IRS. I also bet old Romney is all puckered up.