Comments on: Closing down the tax havens

By: Why I won’t be “marching for the alternative” « Make Wealth History

Tue, 22 Mar 2011 12:16:23 +0000

[...] tax dodging is a vital part of reducing the deficit. I’ve been a big supporter of closing the tax loopholes, and of the Robin Hood Tax. But I’m not going to go on a march to encourage us to [...]

By: Eldon Ponzio

Eldon Ponzio — Tue, 09 Feb 2010 02:34:16 +0000

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By: Time’s up for tax havens « MAKE WEALTH HISTORY

Time’s up for tax havens « MAKE WEALTH HISTORY — Thu, 29 Oct 2009 09:20:41 +0000

[...] you may remember, tax havens are small territories that charge little or no tax, enticing wealthy companies and individuals to [...]

By: Jeremy

Jeremy — Sat, 30 May 2009 09:17:02 +0000

Wow, looks like the idea of progressive taxation strikes a nerve there. Not my ideas, and I make no claim to them whatsoever. It’s a term in the public sphere and I feel entitled to use it. I get the impression I’ll be wasting my breath explaining, but read up on the tax policies of the Scandinavian countries if you want to see it done well.

I can understand why you feel frustrated, I’m sure I would too if I was paying that much in taxes. But you have a choice too. You can rail at the ‘crack addicts and illegal aliens’, or you can look at schools, highways, national parks, international aid programmes, art galleries, public libraries, the fire department, and a hundred other good positive places where your tax dollars went.

By: Jacob Buss

Jacob Buss — Mon, 18 May 2009 20:41:20 +0000

Your so full of crap your eyes are brown!

My salary in 07 was $900K… of which I paid approximately $405K in taxes!!!! I also gave $25K in charitable donations. For a total “out of pocket” experience of $430,000!! Knowing that my hard earned tax dollars were helping pay for unemployed health care, crack addicts, and illegal aliens made my entreprenuerial blood boil!

Then I opened a non-profit charitable organization in Georgetown GC and donated half of my salary the following year.

My salary in 08 was $1.2M… of which I paid approximately $292K in taxes BUT donated over $125K to charities (of my choosing… not every failed social program on the books). For a total “out of pocket” experience of $417,000. Not much of a difference EXCEPT my money went to people I deemed as worthy and deserving.

Progressive taxes… your an uneducated blogger trying to pass off someone else’s liberal words and ideas as your own. Go away, come up with something new or somewhat original then come back and blog all you want. Until then, keep living in your socialist world and blaming everyone but yourself for your own shortcomings.

By: Jeremy

Jeremy — Mon, 18 May 2009 20:03:53 +0000

If we’re talking about tax havens, they allow rich people to pay proportionally less than the poor. Progressive taxation is quite a different debate.

By: Jacob Buss

Jacob Buss — Mon, 18 May 2009 18:57:31 +0000

inequality… great word! So how is a 35 year old man with a college education, a masters degree from Havard, his own business, and 15+ years of experience equal to the 35 year old, unemployeed High School drop out???

Tax Havens are NOT the inequality of our society… education is! Educated people are, for the most part (read… not all the time) more successful and make more money. Thus they are constantly burdened by our own government to carry the rest of society who choose NOT to better themselves in some form or fashion.

Here’s an idea… you want equality??? Tax everyone the same!!!! %15 across the board… no matter how much you make with no loopholes. You make $1M…. $150K in taxes. You make $100K… $15K in taxes. THAT’S EQUALITY!!!! But it will NEVER happen because that would essentially be a tax break for the rich and the left wing liberalist/democrats would never let that happen… even though it’s the best answer for a struggling society.

By: Jeremy

Jeremy — Mon, 18 May 2009 18:46:29 +0000

I’m not going to argue with that kind of attitude. Let me repeat the words of the Tax Justice Network:

“tax havens are heightening inequality and poverty, corroding democracy, distorting markets, undermining regulation and curbing economic growth, accelerating capital flight from poor countries, and promoting corruption and crime around the world.”

By: Jacob Buss

Jacob Buss — Mon, 18 May 2009 17:47:49 +0000

Since the government is so “adept” (please read; irresponsible) at spending my tax dollars, I am in full support of the rich utilizing tax havens to keep more of what already belongs to them. Tax havens aren’t necessarily for the “rich” rather then the intelligent. It costs about $500/year to open a non-resident corporation located in the Caymen Islands and even less to open an account at one of the many offshore banking facilities in Georgetown (GC). This isn’t a “rich” thing, it’s an “intelligence” thing. I have worked very hard at becoming successful (college degrees, MBA, certifications, experience, etc), why should I have to pay more, percentage wise, taxes then my friends who dropped out of high school??? Those against offshore tax havens are simply jealous or pissed off that they don’t make enough money or weren’t smart enough to think/do the same thing.

By: How corporate tax evasion affects the poor « MAKE WEALTH HISTORY

How corporate tax evasion affects the poor « MAKE WEALTH HISTORY — Mon, 23 Feb 2009 11:00:22 +0000

[...] suddenly tax evasion is back on the political agenda. I’ve already written about the issue of tax havens here, and I mentioned the Guardian’s eye opening reports into what the FTSE 100 companies actually [...]